v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME — UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Revenues $ 1,390,540 $ 915,117 $ 3,505,567 $ 2,846,968
Realized (loss) gain on derivatives (160,170) 3,946 (247,151) 13,607
Unrealized (loss) gain on derivatives (67,727) 19,952 (237,744) (12,290)
Total revenues 1,162,643 939,015 3,020,672 2,848,285
Expenses        
Transportation and processing 22,980 18,814 56,756 55,326
Lease operating 120,076 104,181 334,550 313,822
Purchased natural gas 90,900 47,658 94,323 137,735
Depletion, depreciation and amortization 342,961 305,354 950,809 889,847
Taxes other than income 100,762 68,754 274,447 213,813
Accretion of asset retirement obligations 3,995 2,148 8,615 5,642
General and administrative 44,645 36,790 124,942 102,709
Total expenses 808,761 633,036 2,042,647 1,864,491
Operating income 353,882 305,979 978,025 983,794
Other income (expense)        
Interest expense (79,982) (50,641) (192,326) (153,475)
Loss on debt extinguishment 0 0 (15,587) 0
Loss on asset sales 0 (589) (578) (589)
Other income 2,747 5,003 11,100 14,011
Total other expense (77,235) (46,227) (197,391) (140,053)
Income before income taxes 276,647 259,752 780,634 843,741
Income tax provision (benefit)        
Current 578 (39,335) 804 6,735
Deferred 80,970 98,463 186,897 191,776
Total income tax provision 81,548 59,128 187,701 198,511
Net income 195,099 200,624 592,933 645,230
Net income attributable to non-controlling interest in subsidiaries (22,979) (24,260) (66,033) (78,556)
Net income attributable to Matador Resources Company shareholders $ 172,120 $ 176,364 $ 526,900 $ 566,674
Earnings Per Share [Abstract]        
Basic (in dollars per share) $ 1.39 $ 1.42 $ 4.25 $ 4.55
Diluted (in dollars per share) $ 1.39 $ 1.42 $ 4.24 $ 4.54
Weighted average common shares outstanding        
Basic (in shares) 123,808 124,396 124,073 124,668
Diluted (in shares) 123,888 124,410 124,160 124,729
Oil and natural gas revenues        
Revenues        
Revenues $ 1,222,121 $ 810,241 $ 3,128,436 $ 2,535,933
Third-party midstream services revenues        
Revenues        
Revenues 56,334 43,833 143,018 119,339
Expenses        
Midstream operating 82,442 49,337 198,205 145,597
Sales of purchased natural gas        
Revenues        
Revenues $ 112,085 $ 61,043 $ 234,113 $ 191,696