MTDRMatador Resources Co
Crude Petroleum & Natural Gas
- Revenue
- $3.7B
- 5.1% YoY
- Operating margin
- 33.5%
- 19% YoY
- EBITDA
- $2.4B
- 0.5% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.7×
- $4.2B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear319% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear9% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.9B | $3.2B | $2.8B | $3.5B | $3.7B | 5.1% |
| Operating income | $793M | $1.8B | $1.2B | $1.4B | $1.2B | 15% |
| Net income | $585M | $1.2B | $846M | $885M | $759M | 14% |
| Operating cash flow | $1.1B | $2.0B | $1.9B | $2.2B | $2.4B | 7.9% |
| Capex | $838M | $1.1B | $3.2B | $3.9B | $2.2B | 45% |
| Stock-based comp | $9M | $15M | $14M | $15M | $18M | 22% |
| Buybacks | — | — | $0 | $0 | $56M | |
| Dividends | $15M | $35M | $77M | $105M | $163M | 56% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $10M | $7M | 355 | 193 |
| FY2024 | $8M | $9M | 469 | 188 |
| FY2023 | $8M | $8M | 473 | 204 |
| FY2022 | $9M | $22M | 475 | 193 |
| FY2021 | $9M | $27M | 307 | 137 |