NYSE$MTDR
Matador Resources Co · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Matador Resources Co reported increased oil and natural gas production and revenues for the second quarter of 2025.
Matador achieved record quarterly oil equivalent production of 19.0 million BOE, driven by a 29% year-over-year increase in oil production. Total revenues reached $895.3 million despite lower realized oil prices, with net income of $182.4 million. The company continued its dividend program and initiated a share repurchase plan.
- Oil production rose 29% year-over-year to 11.2 million barrels while natural gas production increased 33% to 47.0 Bcf.
- Oil and natural gas revenues grew 5% to $815.8 million compared to Q2 2024.
- Lease operating expenses increased to $105.7 million due to higher operated well count including Ameredev assets.
- Board authorized $400 million share repurchase program with $44.2 million repurchased in the quarter.
Headline financials
Revenue & EPS history
Matador · Revenue · Quarterly
$895M
Revenue by segment
Matador · $933M total across 4 segments · Q2 2025
- Oil and natural gas revenues$816M—87.5%
- Sales of purchased natural gas$67.9M—7.3%
- Third-party midstream services$42M—4.5%
- Realized gain on derivatives$6.95M—0.7%
Forward guidance
Company plans to operate eight drilling rigs in the Delaware Basin starting August 2025 with estimated 2025 D/C/E capital expenditures of $1.18 to $1.37 billion.
Tailwinds
- Significant optionality in drilling program to adjust rig count based on commodity prices.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-0.6%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+2.1%
Avg return
30 days after
38%
21 / 56 earnings
Positive
+42.8%
Q1 2020
Best reaction
-14.9%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -0.6% | +3.0% | -3.7% | |
| Q4 2025 | -1.4% | +7.1% | +29.5% | |
| Q3 2025 | -9.4% | -10.2% | -6.5% | |
| Q1 2025 | -0.2% | +0.4% | +6.3% | |
| Q4 2024 | -2.0% | -7.6% | -10.9% | |
| Q3 2024 | -0.1% | +2.0% | +18.4% | |
| Q2 2024 | -1.6% | -2.0% | -11.1% | |
| Q1 2024 | +0.9% | +1.4% | -7.1% | |
| Q4 2023 | +2.1% | +2.3% | +15.7% | |
| Q3 2023 | -3.7% | -5.3% | -8.5% | |
| Q2 2023 | -7.0% | -5.2% | +5.7% | |
| Q1 2023 | -6.9% | -3.5% | -9.7% | |
| Q4 2022 | -11.2% | -6.7% | -23.7% | |
| Q3 2022 | +2.1% | -1.2% | +0.0% | |
| Q2 2022 | +8.5% | +12.5% | +22.2% | |
| Q1 2022 | -2.2% | -4.4% | +13.8% | |
| Q4 2021 | -2.1% | -1.2% | +20.5% | |
| Q3 2021 | -2.6% | -6.6% | -0.8% | |
| Q2 2021 | +0.1% | -2.9% | -14.9% | |
| Q1 2021 | +9.6% | +5.1% | +23.1% | |
| Q4 2020 | +5.1% | +0.9% | +21.4% | |
| Q3 2020 | -14.9% | -13.6% | +40.7% | |
| Q2 2020 | +2.0% | -4.9% | +8.4% | |
| Q1 2020 | +42.8% | +40.6% | +59.0% | |
| Q4 2019 | -11.8% | -21.0% | -77.7% | |
| Q3 2019 | -1.3% | +3.1% | +3.1% | |
| Q2 2019 | -0.3% | -12.0% | -8.3% | |
| Q1 2019 | -6.3% | -1.1% | -16.5% | |
| Q4 2018 | +0.7% | -4.4% | +4.5% | |
| Q3 2018 | +0.3% | -2.5% | -20.9% | |
| Q2 2018 | -2.1% | -6.5% | -2.3% | |
| Q1 2018 | -5.1% | -0.3% | -19.2% | |
| Q4 2017 | -0.7% | +3.0% | -0.9% | |
| Q3 2017 | +4.9% | +6.8% | +0.6% | |
| Q2 2017 | -8.9% | -0.9% | -0.3% | |
| Q1 2017 | +3.1% | +11.4% | +8.2% | |
| Q4 2016 | -5.4% | -8.2% | -18.3% | |
| Q3 2016 | -2.3% | -5.2% | +20.7% | |
| Q2 2016 | +9.7% | +13.5% | +22.8% | |
| Q1 2016 | -10.1% | — | — | |
| Q4 2015 | +3.8% | — | — | |
| Q3 2015 | -1.1% | — | — | |
| Q2 2015 | -1.0% | — | — | |
| Q1 2015 | -4.1% | — | — | |
| Q4 2014 | +3.6% | — | — | |
| Q3 2014 | +2.3% | — | — | |
| Q2 2014 | -1.0% | — | — | |
| Q1 2014 | -7.0% | — | — | |
| Q4 2013 | +1.6% | — | — | |
| Q3 2013 | +1.2% | — | — | |
| Q2 2013 | +14.7% | — | — | |
| Q1 2013 | -1.8% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | +1.7% | — | — | |
| Q2 2012 | -3.3% | — | — | |
| Q1 2012 | -13.5% | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro