v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS — UNAUDITED - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 26,318 $ 15,314
Restricted cash 64,597 64,163
Accounts receivable    
Oil and natural gas revenues 408,304 286,158
Joint interest billings 185,314 140,043
Other 77,526 103,628
Derivative instruments 13,597 34,052
Lease and well equipment inventory 50,177 43,842
Prepaid expenses and other current assets 181,276 129,368
Total current assets 1,007,109 816,568
Oil and natural gas properties, full-cost method    
Evaluated 15,487,735 14,286,726
Unproved and unevaluated 2,703,231 1,823,456
Midstream properties 2,018,246 1,963,059
Other property and equipment 57,058 53,199
Less accumulated depletion, depreciation and amortization (8,002,990) (7,395,142)
Net property and equipment 12,263,280 10,731,298
Other assets    
Other long-term assets 224,177 162,703
Total assets 13,494,566 11,710,569
Current liabilities    
Accounts payable and accrued liabilities 836,776 540,620
Royalties payable 399,711 351,062
Derivative instruments 141,092 0
Advances from joint interest owners 78,280 64,169
Other current liabilities 93,254 75,658
Total current liabilities 1,549,113 1,031,509
Long-term liabilities    
Borrowings under Credit Agreement 939,000 398,000
Borrowings under San Mateo Credit Facility 911,000 883,000
Senior unsecured notes payable 2,366,410 2,121,102
Asset retirement obligations 155,191 144,063
Derivative instruments 8,470 0
Deferred income taxes 1,124,901 1,015,931
Other long-term liabilities 189,583 120,312
Total long-term liabilities 5,694,555 4,682,408
Commitments and contingencies
Shareholders’ equity    
Common stock - $0.01 par value, 160,000,000 shares authorized; 124,511,431 and 124,409,739 shares issued; and 123,998,298 and 124,262,322 shares outstanding, respectively 1,245 1,244
Additional paid-in capital 2,537,746 2,509,118
Retained earnings 3,414,634 3,153,112
Treasury stock, at cost, 513,133 and 147,417 shares, respectively (25,002) (5,333)
Total Matador Resources Company shareholders’ equity 5,928,623 5,658,141
Non-controlling interest in subsidiaries 322,275 338,511
Total shareholders’ equity 6,250,898 5,996,652
Total liabilities and shareholders’ equity $ 13,494,566 $ 11,710,569