Matador Resources Q3 2026: $172M Net Income, Assets Top $14.6B

I need to check if the filing content has sufficient substantive disclosure. The filing contains financial statements with detailed balance sheet data, income statement data, and equity information - well over 150 words of substantive content. I'll proceed. Let me gather key facts: - Company: Matador Resources Company - Exchange/Ticker: NYSE:MTDR - Form: 10-Q - Period: Quarter ended September 30, 2026 - Filed: November 6, 2026 - Shares outstanding as of November 3, 2026: 123,747,774 - Total assets: $14,693,313 thousand vs $11,710,569 thousand (Dec 31, 2025) - Q3 2026 net income attributable to Matador: $172,120 thousand - Q3 2025 net income attributable to Matador: $176,364 thousand - Nine months 2026 net income attributable to Matador: $526,900 thousand - Nine months 2025: $566,674 thousand - Q3 2026 total revenues: $1,162,643 thousand - Q3 2026 oil and natural gas revenues: $1,222,121 thousand - Q3 2026 EPS diluted: $1.39 - Nine months 2026 EPS diluted: $4.24 - Q3 2026 operating income: $353,882 thousand - Nine months 2026 operating income: $978,025 thousand - Dividends declared: $0.375 per share - Loss on debt extinguishment: $15,587 thousand (nine months) - Interest expense Q3 2026: $79,982 thousand - Total shareholders' equity: $6,415,262 thousand - Goodwill: $54,864 thousand (new, was $0 at Dec 31, 2025) - Intangible assets, net: $263,883 thousand (new) - Borrowings under Credit Agreement: $951,000 thousand vs $398,000 thousand

Matador Resources Third-Quarter 2026 Financial Results and Balance Sheet Changes

According to the filing, Matador Resources Company (NYSE:MTDR) reported total revenues of $1,162,643 thousand for the three months ended September 30, 2026, compared to $939,015 thousand in the prior-year quarter. Oil and natural gas revenues alone reached $1,222,121 thousand in Q3 2026, up from $810,241 thousand in Q3 2025. These gains were partially offset by a realized loss on derivatives of $160,170 thousand and an unrealized loss on derivatives of $67,727 thousand in the quarter, the filing disclosed.

Operating income for Q3 2026 was $353,882 thousand, versus $305,979 thousand in Q3 2025. For the nine months ended September 30, 2026, the company reported operating income of $978,025 thousand, compared to $983,794 thousand in the same period of 2025. Total expenses for the nine-month period rose to $2,042,647 thousand from $1,864,491 thousand. The filing also noted a loss on debt extinguishment of $15,587 thousand recorded during the nine months ended September 30, 2026, with no comparable item in the prior-year period. Interest expense for the nine months reached $192,326 thousand, up from $153,475 thousand.

The balance sheet showed notable changes from year-end 2025. Total assets increased to $14,693,313 thousand from $11,710,569 thousand, with the emergence of goodwill of $54,864 thousand and net intangible assets of $263,883 thousand, both of which were zero at December 31, 2025. Borrowings under the Credit Agreement rose to $951,000 thousand from $398,000 thousand, and senior unsecured notes payable increased to $2,367,642 thousand from $2,121,102 thousand. Total shareholders' equity, including non-controlling interest, was $6,415,262 thousand at September 30, 2026. Net income attributable to non-controlling interest in subsidiaries was $22,979 thousand for Q3 2026 and $66,033 thousand for the nine-month period.

What Was Disclosed

Matador Resources filed its quarterly report covering operations and financial position through September 30, 2026, disclosing revenue, earnings, balance sheet growth including new goodwill and intangibles, increased debt levels, derivative losses, and a $0.375 per share dividend declared in the period.