CONDENSED CONSOLIDATED STATEMENTS OF INCOME — UNAUDITED - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues | ||||
| Revenues | $ 1,173,423 | $ 925,678 | $ 2,115,027 | $ 1,931,851 |
| Realized (loss) gain on derivatives | (72,488) | 6,947 | (86,981) | 9,661 |
| Unrealized gain (loss) on derivatives | 85,457 | (37,313) | (170,017) | (32,242) |
| Total revenues | 1,186,392 | 895,312 | 1,858,029 | 1,909,270 |
| Expenses | ||||
| Transportation and processing | 18,934 | 16,451 | 33,776 | 36,512 |
| Lease operating | 106,948 | 105,230 | 214,474 | 209,641 |
| Purchased natural gas | (38,912) | 35,944 | 3,423 | 90,077 |
| Depletion, depreciation and amortization | 315,144 | 302,602 | 607,848 | 584,493 |
| Taxes other than income | 102,794 | 68,010 | 173,685 | 145,059 |
| Accretion of asset retirement obligations | 2,352 | 1,767 | 4,620 | 3,494 |
| General and administrative | 41,274 | 32,187 | 80,297 | 65,919 |
| Total expenses | 609,070 | 606,648 | 1,233,886 | 1,231,455 |
| Operating income | 577,322 | 288,664 | 624,143 | 677,815 |
| Other income (expense) | ||||
| Interest expense | (60,819) | (53,345) | (112,344) | (102,834) |
| Loss on debt extinguishment | 0 | 0 | (15,587) | 0 |
| Loss on asset sales | 0 | 0 | (578) | 0 |
| Other income | 3,986 | 3,502 | 8,353 | 9,008 |
| Total other expense | (56,833) | (49,843) | (120,156) | (93,826) |
| Income before income taxes | 520,489 | 238,821 | 503,987 | 583,989 |
| Income tax provision (benefit) | ||||
| Current | 226 | 23,089 | 226 | 46,070 |
| Deferred | 106,611 | 33,373 | 105,927 | 93,313 |
| Total income tax provision | 106,837 | 56,462 | 106,153 | 139,383 |
| Net income | 413,652 | 182,359 | 397,834 | 444,606 |
| Net income attributable to non-controlling interest in subsidiaries | (23,000) | (32,134) | (43,054) | (54,296) |
| Net income attributable to Matador Resources Company shareholders | $ 390,652 | $ 150,225 | $ 354,780 | $ 390,310 |
| Earnings Per Share [Abstract] | ||||
| Basic (in dollars per share) | $ 3.15 | $ 1.21 | $ 2.86 | $ 3.13 |
| Diluted (in dollars per share) | $ 3.15 | $ 1.21 | $ 2.86 | $ 3.12 |
| Weighted average common shares outstanding | ||||
| Basic (in shares) | 124,156 | 124,418 | 124,205 | 124,804 |
| Diluted (in shares) | 124,156 | 124,456 | 124,205 | 124,977 |
| Oil and natural gas revenues | ||||
| Revenues | ||||
| Revenues | $ 1,087,584 | $ 815,774 | $ 1,906,315 | $ 1,725,692 |
| Third-party midstream services revenues | ||||
| Revenues | ||||
| Revenues | 44,593 | 42,007 | 86,684 | 75,506 |
| Expenses | ||||
| Midstream operating | 60,536 | 44,457 | 115,763 | 96,260 |
| Sales of purchased natural gas | ||||
| Revenues | ||||
| Revenues | $ 41,246 | $ 67,897 | $ 122,028 | $ 130,653 |
| X | ||||||||||
- Definition Oil And Gas, Purchases Of Natural Gas No definition available.
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- Definition Taxes assessed on oil and gas production, and compression, transportation and marketing expenses. No definition available.
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- Definition Taxes Other Than Income No definition available.
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- Definition Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) from the difference between the sale price or salvage price and the book value of an asset that was sold or retired, and gain (loss) from the write down of assets from their carrying value to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of operating lease expense. Excludes sublease income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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