v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS — UNAUDITED - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 30,451 $ 15,314
Restricted cash 62,021 64,163
Accounts receivable    
Oil and natural gas revenues 412,066 286,158
Joint interest billings 181,207 140,043
Other 122,145 103,628
Derivative instruments 90,600 34,052
Lease and well equipment inventory 45,580 43,842
Prepaid expenses and other current assets 140,706 129,368
Total current assets 1,084,776 816,568
Oil and natural gas properties, full-cost method    
Evaluated 14,820,207 14,286,726
Unproved and unevaluated 1,772,371 1,823,456
Midstream properties 1,972,401 1,963,059
Other property and equipment 58,008 53,199
Less accumulated depletion, depreciation and amortization (7,687,846) (7,395,142)
Net property and equipment 10,935,141 10,731,298
Other assets    
Other long-term assets 154,572 162,703
Total assets 12,174,489 11,710,569
Current liabilities    
Accounts payable and accrued liabilities 702,371 540,620
Royalties payable 337,063 351,062
Derivative instruments 306,200 0
Advances from joint interest owners 61,107 64,169
Other current liabilities 72,274 75,658
Total current liabilities 1,479,015 1,031,509
Long-term liabilities    
Borrowings under Credit Agreement 185,000 398,000
Borrowings under San Mateo Credit Facility 918,000 883,000
Senior unsecured notes payable 2,365,941 2,121,102
Asset retirement obligations 150,117 144,063
Derivative instruments 5,821 0
Deferred income taxes 1,016,696 1,015,931
Other long-term liabilities 140,814 120,312
Total long-term liabilities 4,782,389 4,682,408
Commitments and contingencies
Shareholders’ equity    
Common stock - $0.01 par value, 160,000,000 shares authorized; 124,446,843 and 124,409,739 shares issued; and 124,205,978 and 124,262,322 shares outstanding, respectively 1,244 1,244
Additional paid-in capital 2,521,758 2,509,118
Retained earnings 3,070,423 3,153,112
Treasury stock, at cost, 240,865 and 147,417 shares, respectively (8,525) (5,333)
Total Matador Resources Company shareholders’ equity 5,584,900 5,658,141
Non-controlling interest in subsidiaries 328,185 338,511
Total shareholders’ equity 5,913,085 5,996,652
Total liabilities and shareholders’ equity $ 12,174,489 $ 11,710,569