MTDR
Matador Resources Company
MTDR's fundamentals are mixed: it turned 39% of its revenue into free cash flow, but its operating margin fell 4 points to 32%. At 9.1x earnings, it's trading above its usual 7.6x. Analysts expect strong earnings growth, though they disagree widely on how much.
MTDR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
MTDR's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
MTDR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 5.2x | $52.81 | — |
| Cheap | 5.7x | $32.98 | -38% |
| Fair | 7.5x | $43.66 | -17% |
| Current | 9.1x | $52.81 | — |
| Expensive | 10x | $58.19 | +10% |
Historical ranges are pointers, not guarantees.
MTDR's PE is in its expensive range at 9.1x. If earnings grow as analysts expect, today's price would be 5.2x next year's earnings, in its cheap range.
MTDR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect strong earnings and revenue growth for MTDR, with profitability improving. However, they disagree widely on these estimates.
MTDR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.10 | +74% |
| Q3 2026 | $5.79 | -7.5% |
| Q2 2026 | $5.82 | -15% |
| Q1 2026 | $3.88 | -48% |
| Q4 2025 | $6.09 | -15% |
| Q3 2025 | $6.26 | -17% |
| Q2 2025 | $6.83 | -12% |
| Q1 2025 | $7.45 | +2.1% |
| Q4 2024 | $7.14 | +1.3% |
MTDR's earnings per share have fallen from their peak: $5.79 over the past year, against $10.11 in late 2022.
MTDR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +24% |
| Q2 2026 | $1.2B | +33% |
| Q1 2026 | $671.6M | -34% |
| Q4 2025 | $848M | -13% |
| Q3 2025 | $939M | +4.4% |
| Q2 2025 | $895.3M | +5.7% |
| Q1 2025 | $1B | +29% |
| Q4 2024 | $970.4M | +16% |
MTDR's revenue has held roughly level: $1.2B last quarter, up 24% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | -2.2 points |
| Q2 2026 | 49% | +16 points |
| Q1 2026 | 7% | -31 points |
| Q4 2025 | 29% | -8.5 points |
| Q3 2025 | 33% | -11 points |
| Q2 2025 | 32% | -11 points |
| Q1 2025 | 38% | -2.1 points |
| Q4 2024 | 37% | -6.6 points |
MTDR's operating margin was 30% last quarter, down 2.2 points from the same quarter a year ago.
MTDR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $592.8M | +657% |
| Q2 2026 | $937.2M | +9649% |
| Q1 2026 | -$26.4M | -115% |
| Q4 2025 | $8.1M | -82% |
| Q3 2025 | $78.3M | +$1.7B |
| Q2 2025 | $9.6M | -86% |
| Q1 2025 | $173.6M | +$343.6M |
| Q4 2024 | $45.2M | +358% |
MTDR generated $1.5B in free cash flow over the past year, about five times what it generated the year before.
MTDR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -268K shares |
| 1 year | -0.4% | -522K shares |
| 3 years | +3.2% | +3.8M shares |
| 5 years | +3.9% | +4.7M shares |
| Available history | +5.8% | +6.8M shares |
MTDR has 124M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $12.1M |
| Q2 2026 | $11.4M |
| Q1 2026 | $707,000 |
| Q4 2025 | $5.1M |
| Q3 2025 | $6.5M |
MTDR spent $29M buying back its own shares over the past year.
MTDR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.0x | Moderate |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 1.6x | Healthy |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.3x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 1.4x | Healthy |
MTDR's net debt is about 2.0 years of its operating earnings (EBITDA), up from 1.3 years a year ago.
MTDR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.7 | Neutral |
| Stochastic | 44.8 | Neutral |
MTDR's weekly RSI is 48 (neutral) and its Stochastic is 45 (neutral).
MTDR PE vs Energy Sector
| Metric | MTDR | Sector median | Relative |
|---|---|---|---|
| PE | 9.1x | 13x | 30% below |
| PE % | 75 | 61 | 14 pts above |
MTDR is trading at 9.1x earnings, a 30% discount to the Energy sector's median of 13x.
MTDR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $55.1 | 4.2% below |
| 20 week MA | $54.6 | 3.2% below |
| 50 week MA | $53.0 | 0.4% below |
| 100 week MA | $50.6 | 4.4% above |
| 200 week MA | $53.8 | 1.8% below |
MTDR's trend is mixed: it's above one of its five weekly moving averages, and 1.8% below its 200-week average.
MTDR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.6 | $12.0 | -32% |
| 2021 | $12.0 | $37.2 | +209% |
| 2022 | $37.2 | $57.1 | +53% |
| 2023 | $57.1 | $56.9 | -0.4% |
| 2024 | $56.9 | $54.3 | -4.5% |
| 2025 | $54.3 | $41.6 | -24% |
| 2026 YTD | $41.6 | $52.8 | +27% |
MTDR has finished three years in a row lower, and it's up 27% so far in 2026.