Matador Resources Co
NYSE:MTDR
Income Statement
Earnings Waterfall
Matador Resources Co
Revenue
|
2.8B
USD
|
Cost of Revenue
|
-707.6m
USD
|
Gross Profit
|
2.1B
USD
|
Operating Expenses
|
-889.8m
USD
|
Operating Income
|
1.2B
USD
|
Other Expenses
|
-363.2m
USD
|
Net Income
|
846.1m
USD
|
Income Statement
Matador Resources Co
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
261
N/A
|
280
+7%
|
305
+9%
|
346
+13%
|
431
+25%
|
429
0%
|
417
-3%
|
403
-3%
|
318
-21%
|
289
-9%
|
257
-11%
|
247
-4%
|
264
+7%
|
355
+34%
|
438
+24%
|
476
+9%
|
544
+14%
|
601
+10%
|
683
+14%
|
763
+12%
|
900
+18%
|
882
-2%
|
913
+3%
|
985
+8%
|
984
0%
|
1 181
+20%
|
1 003
-15%
|
927
-8%
|
862
-7%
|
757
-12%
|
1 052
+39%
|
1 321
+26%
|
1 663
+26%
|
1 962
+18%
|
2 548
+30%
|
2 917
+14%
|
3 058
+5%
|
3 053
0%
|
2 747
-10%
|
2 678
-2%
|
2 807
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(60)
|
(60)
|
(66)
|
(74)
|
(85)
|
(89)
|
(94)
|
(96)
|
(94)
|
(97)
|
(96)
|
(100)
|
(105)
|
(111)
|
(119)
|
(126)
|
(139)
|
(153)
|
(172)
|
(186)
|
(200)
|
(227)
|
(241)
|
(271)
|
(316)
|
(316)
|
(317)
|
(307)
|
(247)
|
(279)
|
(309)
|
(367)
|
(404)
|
(480)
|
(588)
|
(671)
|
(680)
|
(743)
|
(720)
|
(716)
|
(708)
|
|
Gross Profit |
201
N/A
|
220
+9%
|
239
+9%
|
272
+14%
|
347
+27%
|
340
-2%
|
323
-5%
|
308
-5%
|
224
-27%
|
192
-14%
|
162
-16%
|
147
-9%
|
160
+8%
|
244
+52%
|
319
+31%
|
350
+10%
|
406
+16%
|
448
+10%
|
511
+14%
|
577
+13%
|
699
+21%
|
655
-6%
|
672
+3%
|
714
+6%
|
668
-6%
|
866
+30%
|
686
-21%
|
620
-10%
|
616
-1%
|
479
-22%
|
743
+55%
|
954
+28%
|
1 259
+32%
|
1 482
+18%
|
1 960
+32%
|
2 246
+15%
|
2 378
+6%
|
2 310
-3%
|
2 027
-12%
|
1 963
-3%
|
2 099
+7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(120)
|
(118)
|
(133)
|
(145)
|
(167)
|
(196)
|
(221)
|
(235)
|
(230)
|
(212)
|
(192)
|
(178)
|
(178)
|
(187)
|
(201)
|
(221)
|
(245)
|
(268)
|
(296)
|
(321)
|
(336)
|
(389)
|
(403)
|
(396)
|
(432)
|
(444)
|
(452)
|
(443)
|
(452)
|
(1 101)
|
(424)
|
(435)
|
(466)
|
(472)
|
(500)
|
(533)
|
(618)
|
(608)
|
(668)
|
(747)
|
(890)
|
|
Selling, General & Administrative |
(21)
|
(23)
|
(27)
|
(30)
|
(32)
|
(38)
|
(43)
|
(47)
|
(50)
|
(50)
|
(50)
|
(51)
|
(55)
|
(58)
|
(62)
|
(65)
|
(66)
|
(68)
|
(70)
|
(72)
|
(69)
|
(70)
|
(70)
|
(72)
|
(80)
|
(78)
|
(73)
|
(68)
|
(94)
|
(69)
|
(78)
|
(88)
|
(123)
|
(104)
|
(104)
|
(107)
|
(154)
|
(109)
|
(111)
|
(115)
|
(169)
|
|
Depreciation & Amortization |
(98)
|
(94)
|
(106)
|
(115)
|
(135)
|
(157)
|
(177)
|
(187)
|
(179)
|
(161)
|
(141)
|
(126)
|
(122)
|
(127)
|
(137)
|
(155)
|
(178)
|
(199)
|
(224)
|
(247)
|
(265)
|
(287)
|
(300)
|
(322)
|
(351)
|
(364)
|
(378)
|
(373)
|
(356)
|
(346)
|
(344)
|
(345)
|
(341)
|
(366)
|
(395)
|
(424)
|
(462)
|
(497)
|
(554)
|
(628)
|
(717)
|
|
Other Operating Expenses |
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(33)
|
(33)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(687)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
|
Operating Income |
82
N/A
|
102
+25%
|
105
+3%
|
127
+21%
|
179
+41%
|
144
-19%
|
102
-29%
|
73
-29%
|
(6)
N/A
|
(20)
-260%
|
(30)
-53%
|
(30)
0%
|
(19)
+39%
|
57
N/A
|
118
+108%
|
128
+8%
|
161
+26%
|
180
+12%
|
215
+19%
|
256
+19%
|
363
+42%
|
266
-27%
|
269
+1%
|
319
+18%
|
236
-26%
|
421
+79%
|
233
-45%
|
177
-24%
|
163
-8%
|
(622)
N/A
|
319
N/A
|
519
+63%
|
793
+53%
|
1 010
+27%
|
1 460
+45%
|
1 713
+17%
|
1 759
+3%
|
1 701
-3%
|
1 359
-20%
|
1 215
-11%
|
1 209
-1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(10)
|
(17)
|
(22)
|
(27)
|
(27)
|
(27)
|
(28)
|
(30)
|
(33)
|
(34)
|
(35)
|
(35)
|
(33)
|
(35)
|
(41)
|
(51)
|
(61)
|
(69)
|
(74)
|
(76)
|
(76)
|
(76)
|
(77)
|
(77)
|
(76)
|
(76)
|
(75)
|
(71)
|
(72)
|
(70)
|
(67)
|
(67)
|
(83)
|
(102)
|
(122)
|
|
Non-Reccuring Items |
(21)
|
0
|
0
|
0
|
0
|
(67)
|
(296)
|
(582)
|
(801)
|
(815)
|
(664)
|
(378)
|
(159)
|
(78)
|
0
|
0
|
0
|
0
|
0
|
(31)
|
(31)
|
0
|
0
|
0
|
0
|
0
|
(324)
|
(575)
|
(685)
|
0
|
(361)
|
(110)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
1
|
2
|
3
|
4
|
107
|
106
|
105
|
104
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(3)
|
(3)
|
(3)
|
0
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
|
Total Other Income |
0
|
0
|
1
|
1
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
0
|
0
|
0
|
2
|
2
|
4
|
4
|
1
|
0
|
2
|
1
|
1
|
2
|
(2)
|
(1)
|
0
|
0
|
2
|
(3)
|
(1)
|
(1)
|
(3)
|
(2)
|
(7)
|
(4)
|
(5)
|
(5)
|
16
|
3
|
9
|
|
Pre-Tax Income |
55
N/A
|
96
+76%
|
100
+4%
|
123
+23%
|
175
+42%
|
73
-59%
|
(203)
N/A
|
(524)
-159%
|
(827)
-58%
|
(858)
-4%
|
(717)
+16%
|
(431)
+40%
|
(98)
+77%
|
56
N/A
|
193
+248%
|
200
+4%
|
130
-35%
|
149
+15%
|
183
+23%
|
190
+4%
|
292
+54%
|
217
-26%
|
209
-4%
|
251
+20%
|
159
-37%
|
344
+117%
|
(170)
N/A
|
(477)
-181%
|
(599)
-26%
|
(702)
-17%
|
(119)
+83%
|
332
N/A
|
715
+115%
|
936
+31%
|
1 381
+48%
|
1 637
+19%
|
1 686
+3%
|
1 629
-3%
|
1 291
-21%
|
1 116
-14%
|
1 096
-2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(10)
|
(19)
|
(30)
|
(44)
|
(64)
|
(28)
|
72
|
121
|
147
|
0
|
32
|
(1)
|
1
|
1
|
1
|
(0)
|
60
|
0
|
0
|
0
|
8
|
9
|
(4)
|
(18)
|
(36)
|
(77)
|
46
|
33
|
46
|
83
|
(32)
|
1
|
(75)
|
(140)
|
(271)
|
(392)
|
(399)
|
(388)
|
(309)
|
(210)
|
(186)
|
|
Income from Continuing Operations |
45
|
77
|
70
|
80
|
111
|
44
|
(131)
|
(403)
|
(680)
|
(737)
|
(686)
|
(432)
|
(97)
|
57
|
194
|
200
|
190
|
209
|
243
|
250
|
300
|
225
|
205
|
234
|
123
|
268
|
(123)
|
(443)
|
(554)
|
(619)
|
(151)
|
333
|
641
|
795
|
1 110
|
1 246
|
1 286
|
1 241
|
982
|
906
|
910
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(2)
|
(5)
|
(8)
|
(12)
|
(15)
|
(18)
|
(22)
|
(26)
|
(28)
|
(31)
|
(33)
|
(35)
|
(37)
|
(36)
|
(37)
|
(40)
|
(39)
|
(48)
|
(52)
|
(56)
|
(64)
|
(69)
|
(71)
|
(72)
|
(71)
|
(63)
|
(61)
|
(64)
|
|
Net Income (Common) |
45
N/A
|
77
+71%
|
70
-9%
|
80
+14%
|
111
+39%
|
44
-60%
|
(131)
N/A
|
(403)
-207%
|
(680)
-69%
|
(737)
-8%
|
(686)
+7%
|
(432)
+37%
|
(97)
+77%
|
54
N/A
|
189
+248%
|
192
+2%
|
126
-34%
|
142
+13%
|
173
+22%
|
176
+2%
|
274
+56%
|
197
-28%
|
174
-12%
|
201
+15%
|
88
-56%
|
231
+163%
|
(160)
N/A
|
(480)
-200%
|
(593)
-24%
|
(658)
-11%
|
(199)
+70%
|
281
N/A
|
585
+108%
|
731
+25%
|
1 041
+42%
|
1 175
+13%
|
1 214
+3%
|
1 170
-4%
|
919
-21%
|
845
-8%
|
846
+0%
|
|
EPS (Diluted) |
0.66
N/A
|
1.16
+76%
|
1.01
-13%
|
1.07
+6%
|
1.56
+46%
|
0.61
-61%
|
-1.58
N/A
|
-4.75
-201%
|
-8.34
-76%
|
-8.64
-4%
|
-7.43
+14%
|
-4.61
+38%
|
-1.07
+77%
|
0.54
N/A
|
1.88
+248%
|
1.9
+1%
|
1.22
-36%
|
1.29
+6%
|
1.52
+18%
|
1.5
-1%
|
2.41
+61%
|
1.71
-29%
|
1.49
-13%
|
1.72
+15%
|
0.75
-56%
|
1.97
+163%
|
-1.38
N/A
|
-4.14
-200%
|
-5.11
-23%
|
-5.54
-8%
|
-1.67
+70%
|
2.34
N/A
|
4.91
+110%
|
6.12
+25%
|
8.7
+42%
|
9.81
+13%
|
10.11
+3%
|
9.77
-3%
|
7.67
-21%
|
7.03
-8%
|
7.05
+0%
|