Matador Resources Company
- Open
- 54.15
- Day high
- 54.64
- Day low
- 53.04
- Prev close
- 53.08
- Volume
- 1.6M
- Mkt cap
- $6.7B
- P/E (TTM)
- 13.8
- EPS (TTM)
- $3.89
- P/B
- 1.2
- P/S
- 1.8
- Yield
- 2.67%
- Per share
- $1.44
- ▲Insiders net buying $681K over the last 3 months (10 open-market buys, 0 sales)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions mixed (13F)
Matador Resources Company (MTDR) is a Energy company listed on NYSE. The stock is up 5% over the past year. Over the trailing 3 months, insiders filed 10 open-market buys and 0 sales (SEC Form 4).
Matador Resources Company (MTDR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MTDR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $1.24 | $1.53 | +23.4% | $672M | -22.9% |
| Feb 25, 2026 | $0.71 | $0.87 | +22.5% | $848M | +0.4% |
| Oct 21, 2025 | $1.22 | $1.36 | +11.5% | $915M | +10.7% |
| Jul 22, 2025 | $1.29 | $1.53 | +18.6% | $926M | +1.6% |
| Apr 23, 2025 | $1.78 | $1.99 | +11.8% | $1.0B | +4.4% |
| Feb 18, 2025 | $1.88 | $1.83 | -2.7% | $970M | +0.3% |
| Oct 22, 2024 | $1.72 | $1.89 | +9.9% | $860M | -14.0% |
| Jul 23, 2024 | $1.76 | $2.05 | +16.5% | $855M | +3.5% |
| Feb 20, 2024 | $1.78 | $1.99 | +11.8% | $832M | +3.9% |
| Jul 25, 2023 | $1.31 | $1.42 | +8.4% | $638M | -1.5% |
| Feb 21, 2023 | $1.95 | $2.08 | +6.7% | $707M | +9.4% |
| Oct 25, 2022 | $2.49 | $2.68 | +7.6% | $841M | +14.1% |
MTDR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 17, 2026 | Baty Robert Gainesdirector | Buy | 500 | $51.44 |
| Jun 15, 2026 | Byerley William Mdirector | Grant | 3,642 | — |
| Jun 15, 2026 | Baribault Reynalddirector | Grant | 3,642 | — |
| Jun 15, 2026 | Ehrman Monika Udirector | Grant | 3,642 | — |
| Jun 15, 2026 | Appel Shelley Fdirector | Grant | 3,642 | — |
| Jun 15, 2026 | STEWART KENNETH L.director | Grant | 3,642 | — |
| Jun 15, 2026 | Ward Susan Mdirector | Grant | 3,642 | — |
| Jun 15, 2026 | PARKER TIMOTHY E.director | Grant | 3,642 | — |
| Jun 15, 2026 | Baty Robert Gainesdirector | Grant | 3,642 | — |
| Jun 15, 2026 | Harvey Paul Wdirector | Grant | 3,642 | — |
| Jun 11, 2026 | Stetson Glenn Wofficer: EVP and COO | Buy | 500 | $53.41 |
| Jun 11, 2026 | Foran Joseph Wmdirector, officer: Chairman and CEO | Buy | 2,000 | $53.07 |
| Jun 10, 2026 | Ehrman Monika Udirector | Buy | 362 | $55.28 |
| Jun 8, 2026 | Foran Joseph Wmdirector, officer: Chairman and CEO | Buy | 2,000 | $56.25 |
| Jun 2, 2026 | Foran Joseph Wmdirector, officer: Chairman and CEO | Buy | 482 | $52.70 |
Source: MTDR SEC Form 4 filings, latest Jun 17, 2026. For informational purposes only — not investment advice.
See the full MTDR insider & 13F page →Matador Resources Company company profile
Overview
Matador Resources Company (NYSE:MTDR) is an independent energy company founded in 2003 and headquartered in Dallas, Texas. The company went public in February 2012 and has grown from a small exploration firm to a significant player in U.S. unconventional oil and gas production. Matador operates primarily in premier shale basins across the United States, with its flagship operations concentrated in the Delaware Basin of West Texas and Southeast New Mexico. The company has expanded through strategic acquisitions and organic growth, building a substantial acreage position and developing complementary midstream infrastructure to support its production operations.
Business
Matador Resources operates in the oil and gas exploration and production industry, focusing on unconventional shale plays that require hydraulic fracturing (fracking) technology to extract hydrocarbons from low-permeability rock formations. The company's business is divided into two main segments: Exploration and Production (E&P) Segment: This core segment accounts for the majority of revenue and involves drilling horizontal wells into shale formations, then using hydraulic fracturing to create pathways for oil and natural gas to flow to the surface. Matador's primary assets include the Wolfcamp and Bone Spring formations in the Delaware Basin, which are among the most prolific oil-producing regions in North America. The company also operates in the Eagle Ford shale in South Texas and the Haynesville shale in Northwest Louisiana. These unconventional reservoirs require sophisticated drilling techniques, including horizontal drilling that can extend laterally for miles underground, followed by multi-stage hydraulic fracturing operations that inject water, sand, and chemicals at high pressure to crack the rock and release trapped hydrocarbons. Midstream Segment: Operating under the San Mateo brand, this segment provides critical infrastructure services including natural gas processing, oil transportation, and produced water handling. The midstream operations support Matador's own production while also serving third-party customers. This segment has grown significantly, with EBITDA increasing from $30 million to approximately $300 million, representing roughly 12-15% of total company EBITDA. The midstream assets include over 595 miles of pipeline infrastructure and gas processing facilities with capacity exceeding 720 million cubic feet per day. As of December 2021, Matador held estimated proved reserves of 323.4 million barrels of oil equivalent, with current production levels exceeding 145,000 barrels of oil equivalent per day. The company's production mix is approximately 60% oil and 40% natural gas, providing exposure to both commodity markets.
Revenue model
Matador generates revenue primarily through the sale of crude oil and natural gas at prevailing commodity prices. The company's customers include refineries, petrochemical companies, and natural gas utilities who purchase these commodities either at the wellhead or after processing and transportation. Revenue fluctuates significantly based on volatile oil and gas prices, which are influenced by global supply and demand dynamics, geopolitical events, and seasonal factors. The midstream segment provides additional revenue streams through fee-based services including gas processing, oil transportation, and produced water disposal services for both internal operations and third-party customers. These services typically generate more stable, fee-based income that is less sensitive to commodity price volatility. Several factors significantly impact Matador's profitability margins. Commodity price volatility represents the primary external risk, as oil and gas prices can fluctuate dramatically based on global market conditions, OPEC decisions, and economic cycles. Drilling and completion costs constitute the largest operational expense, influenced by oilfield service pricing, steel costs, and labor availability. The company has successfully reduced these costs from over $1,000 per lateral foot to approximately $880 per foot through operational efficiencies and advanced completion techniques like SimulFrac and TrimulFrac. Transportation and processing capacity can create bottlenecks that reduce realized prices, making the company's midstream investments strategically valuable for maintaining "flow assurance." Regulatory changes regarding environmental standards, permitting, and hydraulic fracturing could increase operational costs. Competition for acreage and drilling services can drive up acquisition and operational costs, while technological improvements in drilling efficiency and completion techniques can reduce per-unit costs and improve well productivity. The company's focus on high-return drilling locations and operational excellence has helped maintain competitive drilling and completion costs even during inflationary periods.
Competitive moat
Matador's competitive moat is moderate but improving, primarily built around strategic asset positioning and operational expertise rather than insurmountable barriers to entry. The company's strongest defensive characteristics include its premium acreage position in the Delaware Basin, one of the most economic unconventional oil plays in North America. This provides access to multiple productive formations (Wolfcamp A, B, C and Bone Spring) with an estimated 10-15 years of drilling inventory, creating sustainable production growth potential. The company's integrated midstream infrastructure represents an emerging competitive advantage, providing flow assurance for its own production while generating fee-based income from third-party services. With over 595 miles of pipeline and expanding gas processing capacity, these assets create operational synergies and reduce transportation costs compared to competitors relying solely on third-party infrastructure. Operational expertise and technological capabilities provide some differentiation, as evidenced by the company's success in reducing drilling costs and implementing advanced completion techniques. The MAXCOM operations center and relationships with service providers enable efficient drilling operations and cost management. However, the moat faces significant challenges. The oil and gas industry remains highly competitive with low barriers to entry for companies with sufficient capital. Commodity price exposure creates inherent volatility that affects all industry participants. Large integrated oil companies and well-capitalized independents can outbid smaller players for premium acreage and drilling services. Additionally, the transition toward renewable energy creates long-term demand uncertainty for fossil fuels, though this timeline remains decades away for complete displacement. The company's moat is strengthening through scale advantages and infrastructure development, but remains vulnerable to commodity cycles and well-capitalized competition. Success depends heavily on management's ability to maintain operational efficiency and make strategic capital allocation decisions during various market conditions.
Risks & safety
Matador demonstrates a moderate margin of safety with solid financial fundamentals but some leverage concerns during commodity downturns. • Liquidity Position: Strong with $23 million cash plus access to a $1.5 billion credit facility from 19 banks, providing substantial financial flexibility • Debt Management: Debt-to-equity ratio of 0.62-0.76 range, which is manageable but elevated; company has been actively reducing debt, retiring over $200 million in recent periods • Cash Generation: Strong operational cash flow of $727 million in Q1 2025 with free cash flow of $194 million; expecting approximately $1 billion in annual free cash flow • Valuation Metrics: Trading at attractive multiples with P/E of 6.7x, EV/EBITDA of 3.6x, and P/B of 1.2x, suggesting reasonable valuation relative to cash generation • Current Ratio: Below 1.0 at 0.79, indicating working capital constraints but typical for capital-intensive E&P operations • Operational Risks: Commodity price sensitivity remains the primary concern; company has implemented hedging strategies for 2026 to provide downside protection • Reserve Base: Substantial proved reserves of 323+ million BOE provide asset backing, though subject to commodity price assumptions
Recent development
Over the past three years, Matador has executed a strategic transformation focused on scale expansion and operational optimization. The company completed two major acquisitions: the Advance Energy acquisition for $1.6 billion in 2023 and the AmeriDev acquisition for $2 billion in 2024, significantly expanding its Delaware Basin footprint and adding high-quality drilling locations. Operational excellence initiatives have driven substantial cost reductions, with drilling and completion costs decreasing from over $1,000 per lateral foot to $880 per foot through implementation of advanced completion techniques including SimulFrac, TrimulFrac, and batch drilling operations. The company expanded its drilling program from seven to nine rigs and has maintained consistent 20% annual production growth. Midstream infrastructure development represents a major strategic pivot, with the San Mateo midstream segment growing from $30 million to $300 million in EBITDA. The company has built over 595 miles of pipeline infrastructure and expanded gas processing capacity to over 720 million cubic feet per day, creating both operational synergies and third-party revenue opportunities. Financial discipline improvements include debt reduction of over $400 million, dividend increases from $0.10 to $1.25 per share, and implementation of a $400 million share repurchase program. The company has maintained strong free cash flow generation while funding growth investments, targeting approximately $1 billion in annual free cash flow. Management has also improved capital allocation flexibility, maintaining optionality for acquisitions, increased drilling activity, or additional shareholder returns based on market conditions.
MTDR company profile · for informational purposes only — not investment advice.
Track MTDR with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free