v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME — UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Revenues $ 941,604 $ 1,006,173
Realized (loss) gain on derivatives (14,493) 2,714
Unrealized (loss) gain on derivatives (255,474) 5,071
Total revenues 671,637 1,013,958
Expenses    
Transportation and processing 14,842 20,061
Lease operating 107,526 104,411
Purchased natural gas 42,335 54,133
Depletion, depreciation and amortization 292,704 281,891
Taxes other than income 70,891 77,049
Accretion of asset retirement obligations 2,268 1,727
General and administrative 39,023 33,732
Total expenses 624,816 624,807
Operating income 46,821 389,151
Other income (expense)    
Interest expense (51,525) (49,489)
Loss on debt extinguishment (15,587) 0
Loss on asset sales (578) 0
Other income 4,367 5,506
Total other expense (63,323) (43,983)
(Loss) income before income taxes (16,502) 345,168
Income tax (benefit) provision    
Current 0 22,981
Deferred (684) 59,940
Total income tax (benefit) provision (684) 82,921
Net (loss) income (15,818) 262,247
Net income attributable to non-controlling interest in subsidiaries (20,054) (22,162)
Net (loss) income attributable to Matador Resources Company shareholders $ (35,872) $ 240,085
Earnings Per Share [Abstract]    
Basic (in dollars per share) $ (0.29) $ 1.92
Diluted (in dollars per share) $ (0.29) $ 1.92
Weighted average common shares outstanding    
Basic (in shares) 123,480 125,189
Diluted (in shares) 123,480 125,342
Oil and natural gas revenues    
Revenues    
Revenues $ 818,731 $ 909,918
Third-party midstream services revenues    
Revenues    
Revenues 42,091 33,499
Expenses    
Midstream operating 55,227 51,803
Sales of purchased natural gas    
Revenues    
Revenues $ 80,782 $ 62,756