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Matador Resources Company (NYSE: MTDR) filed its quarterly report on Form 10-Q for the period ended June 30, 2026, with the Securities and Exchange Commission on August 7, 2026, disclosing second-quarter and year-to-date financial results, balance sheet data, and operational details.

Key Highlights

  • Q2 2026 net income: The company reported net income of $413,652 thousand for the three months ended June 30, 2026, compared to $182,359 thousand for the same period in 2025.
  • Net income attributable to Matador shareholders: $390,652 thousand for Q2 2026, up from $150,225 thousand in Q2 2025, with diluted earnings per share of $3.15.
  • Oil and natural gas revenues: $1,087,584 thousand for the second quarter of 2026, compared to $815,774 thousand in Q2 2025.
  • Total assets: $13,494,566 thousand as of June 30, 2026, versus $11,710,569 thousand at December 31, 2025.
  • Long-term debt: Borrowings under the Credit Agreement stood at $939,000 thousand and borrowings under the San Mateo Credit Facility at $911,000 thousand as of June 30, 2026.
  • Shares outstanding: As of August 5, 2026, there were 123,754,216 shares of common stock outstanding.
  • Quarterly dividend declared: $0.375 per share, totaling $46,817 thousand, was declared during the first quarter of 2026.

Matador Resources Q2 2026: Revenue Growth, Rising Debt, and Expanded Asset Base

According to the filing, Matador Resources recorded total revenues of $1,186,392 thousand for the three months ended June 30, 2026, compared to $895,312 thousand in the prior-year quarter. Oil and natural gas revenues drove the gain, rising to $1,087,584 thousand from $815,774 thousand. For the six months ended June 30, 2026, total revenues were $1,858,029 thousand, compared to $1,909,270 thousand in the first half of 2025, a period that included a larger unrealized gain on derivatives. The company reported a realized loss on derivatives of $72,488 thousand in Q2 2026, versus a realized gain of $6,947 thousand in Q2 2025.

The filing reported operating income of $577,322 thousand for the second quarter of 2026, versus $288,664 thousand in the comparable 2025 period. Total expenses for Q2 2026 were $609,070 thousand, roughly in line with the $606,648 thousand reported in Q2 2025. Depletion, depreciation and amortization accounted for $315,144 thousand of Q2 2026 expenses. The company also disclosed a loss on debt extinguishment of $15,587 thousand for the six-month period ended June 30, 2026, with no comparable amount in 2025. Interest expense for the six months ended June 30, 2026, was $112,344 thousand, compared to $102,834 thousand a year earlier.

On the balance sheet, the filing showed total assets of $13,494,566 thousand at June 30, 2026, up from $11,710,569 thousand at December 31, 2025. Evaluated oil and natural gas properties increased to $15,487,735 thousand from $14,286,726 thousand over the same period. Senior unsecured notes payable rose to $2,366,410 thousand from $2,121,102 thousand. Total shareholders' equity was $6,250,898 thousand at June 30, 2026, compared to $5,996,652 thousand at year-end 2025. Retained earnings stood at $3,414,634 thousand as of June 30, 2026. The company's common stock carries a par value of $0.01 per share, with 160,000,000 shares authorized, and 123,998,298 shares outstanding as of June 30, 2026.

What Was Disclosed

Matador Resources filed its Q2 2026 quarterly report disclosing revenue growth, increased net income, a larger asset base, higher long-term debt balances, and a declared dividend of $0.375 per share for the first quarter of 2026.