v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS — UNAUDITED - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 11,756 $ 15,314
Restricted cash 58,357 64,163
Accounts receivable    
Oil and natural gas revenues 584,976 286,158
Joint interest billings 211,697 140,043
Other 90,657 103,628
Derivative instruments 6,815 34,052
Lease and well equipment inventory 53,308 43,842
Prepaid expenses and other current assets 236,786 129,368
Total current assets 1,254,352 816,568
Oil and natural gas properties, full-cost method    
Evaluated 15,980,199 14,286,726
Unproved and unevaluated 2,668,975 1,823,456
Midstream properties 2,514,284 1,963,059
Other property and equipment 61,226 53,199
Less accumulated depletion, depreciation and amortization (8,343,733) (7,395,142)
Net property and equipment 12,880,951 10,731,298
Other assets    
Intangible assets, net 263,883 0
Goodwill 54,864 0
Other long-term assets 239,263 162,703
Total other assets 558,010 162,703
Total assets 14,693,313 11,710,569
Current liabilities    
Accounts payable and accrued liabilities 878,503 540,620
Current term loan payable under San Mateo Credit Facility 647,266 0
Royalties payable 378,406 351,062
Derivative instruments 198,376 0
Advances from joint interest owners 79,564 64,169
Other current liabilities 97,561 75,658
Total current liabilities 2,279,676 1,031,509
Long-term liabilities    
Borrowings under Credit Agreement 951,000 398,000
Borrowings under San Mateo Revolving Credit Facility 1,002,000 883,000
Senior unsecured notes payable 2,367,642 2,121,102
Asset retirement obligations 258,621 144,063
Derivative instruments 12,130 0
Deferred income taxes 1,205,997 1,015,931
Other long-term liabilities 200,985 120,312
Total long-term liabilities 5,998,375 4,682,408
Commitments and contingencies
Shareholders’ equity    
Common stock - $0.01 par value, 160,000,000 shares authorized; 124,523,381 and 124,409,739 shares issued; and 123,748,440 and 124,262,322 shares outstanding, respectively 1,245 1,244
Additional paid-in capital 2,547,613 2,509,118
Retained earnings 3,540,549 3,153,112
Treasury stock, at cost, 774,941 and 147,417 shares, respectively (38,999) (5,333)
Total Matador Resources Company shareholders’ equity 6,050,408 5,658,141
Non-controlling interest in subsidiaries 364,854 338,511
Total shareholders’ equity 6,415,262 5,996,652
Total liabilities and shareholders’ equity $ 14,693,313 $ 11,710,569