AI-extracted from the 10-Q filed 2026-08-07 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income attributable to Matador shareholders more than doubled to $390.7M ($3.15/diluted share) on 57% higher oil revenue and an $85.5M unrealized derivative gain, even as realized hedge losses and deeply negative natural gas pricing weighed on the quarter.
Biggest Revenue Drivers
Oil revenues$1,126.4M+57% YoY
Resulted from a 53% increase in the weighted average oil price realized and a 3% increase in oil production
Natural gas revenues-$38.8M-140% YoY
Primarily resulted from a 139% decrease in the weighted average natural gas price realized, partially offset by a 4% increase in production
Biggest Revenue Drivers
Total revenue: $1.17B+27% YoY
Oil revenues$1,126.4M+57% YoY
Resulted from a 53% increase in the weighted average oil price realized and a 3% increase in oil production
Natural gas revenues-$38.8M-140% YoY
Primarily resulted from a 139% decrease in the weighted average natural gas price realized, partially offset by a 4% increase in production
Primarily attributable to a $3.0M increase in third-party natural gas gathering and processing revenues, partially offset by a $0.7M decrease in water disposal revenues
Sales of purchased natural gas$41.2M-39% YoY
Primarily the result of a 49% decrease in natural gas price realized, partially offset by a 20% increase in volumes sold
Largest Expense Items
Depletion, depreciation and amortization$315.1M+4% YoY
Primarily a result of the 3% increase in total oil equivalent production and the addition of $282.2M of proved reserves to the full cost pool from the BLM Acquisition
Lease operating$106.9M+2% YoY
Primarily attributable to the increased number of wells being operated by the Company and other operators
Taxes other than income$102.8M+51% YoY
Primarily due to the increase in oil revenues, partially offset by the decrease in natural gas revenues
Midstream operating$60.5M+36% YoY
Primarily attributable to a $9.3M increase in pipeline operation expenses from increased inlet connections and a $6.0M increase in plant processing expenses from increased gathering and processing volumes
Margins: Operating income more than doubled to $577.3M (+100% YoY) as higher oil prices and an $85.5M unrealized derivative gain outweighed a 51% rise in taxes other than income and a 36% rise in midstream operating costs; total expenses were roughly flat YoY despite higher production.
Watch Items from the Filing
Firm transportation, gathering, processing and disposal commitments carry total deficiency exposure of approximately $2.37 billion if the Company ceased operations in the covered areas.
Oil costless collar and price call hedges drove a $171.8M realized derivative loss this quarter as WTI averaged $92.70/Bbl, capping upside from higher oil prices.
Company signed agreements to acquire Paloma ($1.275B cash) and Ridge Runner (July 22, 2026) and closed the $752.0M Cardinal Acquisition, largely funded by increased Credit Agreement borrowings (commitment raised to $2.75 billion).
Natural gas revenues were negative $(38.8)M this quarter as the realized natural gas price fell to $(0.79) per Mcf amid Waha basis differential volatility (average $(6.03)/MMBtu for H1 2026).
Total long-term debt rose to $4.22 billion from $3.40 billion at year-end 2025, with Credit Agreement borrowings growing further to $1.18 billion by August 5, 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
1 transaction in MTDR reported by 1 member of Congress under the STOCK Act, most recent trade Jun 21, 2024. Reported transactions, not recommendations.
About Matador Resources Co (MTDR): stock profile, AI score and financials
Matador Resources Co (MTDR) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores MTDR at 65.8/100 on a composite quality score built from its SEC filings, placing it at rank #453 of 2,925 stocks — the top 25% of the AI-ranked universe. MTDR scores in the top quartile across free cash flow (81.5), profitability (75.3). Based on the latest XBRL financial filings (Q2 2026), Matador Resources Co reports quarterly revenue of $1.2B, net income of $390.7M, an operating margin of 48.7%. Top institutional holders of MTDR by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. MTDR trades on the NYSE exchange and files with the SEC under CIK 1520006. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MTDR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Matador Resources Co directly from SEC EDGAR.