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US shale oil and gas producer focused on the Delaware Basin (Permian), with midstream operations.
US shale oil and gas producer focused on the Delaware Basin (Permian), with midstream operations.
Sells the oil and natural gas it produces, mostly from the Delaware Basin, at prices set by the market, so income follows commodity prices and output, with hedges smoothing some swings. Its San Mateo midstream joint venture gathers and processes its gas and charges fees to others as well, so part of its cost is paid to a business it partly owns.
Moat: narrow (cost advantage, scale). Owning midstream gathering/processing alongside production captures extra margin and controls costs.
Headquarters: Dallas, Texas, US · Founded: 2003 · Employees: 483
Size Matador Resources (MTDR) is a United States Energy company (Integrated Oil) with a market value of $6.24B, the 1038th largest of 3,117 United States companies the cockpit tracks. Shares closed at $50.41 on 6 Nov 2026.
Performance Over six months the shares fell 8.8%, against -5.9% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 12.8% over the last twelve months (peer median +11.3%); the operating margin is 38.6% (peer median 30.6%).
Valuation It trades at 5.0× forward earnings against a peer median of 9.7× (3rd cheapest of 20).
Capital Return on invested capital runs 3.9 points above its cost of capital (7.7% WACC).
Credit Matador Resources has 2 bonds outstanding ($1.65B), rated BB- by the agencies and trading like BB at a weighted spread of 194 bp.
Short interest Short interest is 11.9% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.32B | $3.66B | $3.48B | $2.82B | $3.20B |
| Revenue growth | — | +5% | +23% | -12% | — |
| Gross profit | $2.16B | $1.60B | $1.54B | $1.33B | $2.01B |
| EBITDA | $2.93B | $2.39B | $2.39B | $1.94B | $2.37B |
| Net income | $719M | $759M | $885M | $846M | $1.21B |
| Free cash flow | -$673M | $242M | $280M | $318M | $971M |
| Capital expenditure | $3.15B | $2.18B | $1.97B | $1.55B | $1.01B |
| Total debt | $4.97B | $3.55B | $3.46B | $2.26B | $1.22B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Matador Resources MTDR | $6.24B | -9% | +13% | 39% | 5.0× | n/a |
| Permian Resources PR | $18.2B | +10% | +13% | 36% | 8.1× | -2.0% |
| Diamondback Energy FANG | $50.0B | -5% | +21% | 39% | 7.9× | -5.6% |
| Devon Energy DVN | $46.4B | -7% | +18% | 24% | 7.6× | 0.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MTDR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.5% | -6.4% | 10th lowest of 21 |
| 6-month return | -8.8% | -5.9% | 8th lowest of 21 |
| Distance from 52-week high | -24.6% | -23.0% | 10th lowest of 21 |
| Revenue growth (TTM) | +12.8% | +11.3% | 9th highest of 21 |
| Operating margin | 38.6% | 30.6% | 7th highest of 21 |
| Forward P/E | 5.0× | 9.7× | 3rd cheapest of 20 |
| ROIC minus cost of capital | +3.9 pp | +7.7 pp | 5th lowest of 21 |
| EV / EBITDA | 3.9× | 4.4× | 8th cheapest of 18 |
| Net debt / EBITDA | 1.7× | 0.6× | 5th most indebted of 18 |
| Bond spread | 194 bp | 117 bp | 4th widest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Matador Resources MTDR | United States | $6.24B | -9% | +13% | 39% | 5.0× | n/a | n/a |
| CNOOC Energy Technology & Services 600968.SS | China | $6.25B | -7% | -1% | 9% | 9.7× | -14.2% | +8.7% |
| Hess Midstream LP HESM | United States | $6.18B | -22% | -1% | 63% | 10.3× | -16.3% | +8.2% |
| Guanghui Energy 600256.SS | China | $6.47B | 0% | -5% | 18% | 10.1× | -11.4% | +14.9% |
| National Fuel Gas NFG | United States | $6.98B | -8% | +13% | 37% | 10.2× | -6.2% | +9.1% |
| Strathcona Resources SCR.TO | Canada | $5.56B | -14% | -9% | 26% | 6.5× | -2.7% | +95.6% |
| Ithaca Energy ITH.L | United Kingdom | $5.52B | -9% | +28% | 41% | 12.1× | -7.0% | +1.4% |
| SM Energy SM | United States | $7.12B | +2% | +100% | 38% | 3.5× | -13.6% | +22.9% |
| Chord Energy CHRD | United States | $7.47B | 0% | +19% | 19% | 6.3× | -13.4% | +38.6% |
| Oil India OIL.NS | India | $7.60B | -2% | +20% | 29% | 7.7× | -1.1% | +13.7% |
| Crescent Energy CRGY | United States | $4.74B | -10% | +34% | 30% | 4.1× | -9.4% | +36.5% |
| California Resources CRC | United States | $4.15B | -20% | +12% | 24% | 10.9× | -8.3% | +16.2% |
| Shandong Xinchao Energy 600777.SS | China | $3.97B | -33% | -15% | 13% | n/a | -10.0% | +13.1% |
| Athabasca Oil ATH.TO | Canada | $3.92B | +1% | +3% | 31% | 13.7× | -5.3% | +23.4% |
| Tamarack Valley Energy TVE.TO | Canada | $3.83B | -7% | +11% | 48% | 10.7× | -5.6% | +46.8% |
| Peyto Exploration & Development PEY.TO | Canada | $3.54B | -5% | +26% | 40% | 12.6× | -2.1% | +22.8% |
| Paramount Resources POU.TO | Canada | $3.26B | +6% | -28% | 10% | 12.4× | n/a | n/a |
| Baytex Energy BTE.TO | Canada | $2.95B | -11% | -8% | 15% | 7.5× | 4.7% | +12.8% |
| Var Energi VAR.OL | Norway | $13.3B | +7% | +48% | 55% | 6.9× | -19.6% | +26.6% |
| Whitecap Resources WCP.TO | Canada | $14.4B | +6% | +73% | 38% | 8.8× | -7.1% | +44.8% |
| APA APA | United States | $15.6B | +26% | -12% | 41% | 7.5× | -20.0% | +15.0% |
Matador Resources has 2 bonds outstanding with $1.65B face value. The agencies rate it BB-; its bonds trade like BB. Weighted yield 6.66%, a spread of 194 bp over government bonds.