Filing Flows › Matador Resources (MTDR) › Guidance history
Matador Resources (MTDR) guidance history: what it guided and what it reported
Matador Resources gave guidance in 13 earnings releases on file since Feb 20, 2024. Its releases raised guidance 9 times and lowered it 8 times.
Operating expenses
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $2.0M (Feb 18, 2025) | — | — | — |
Adjusted net income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q3 2024 | $38.3M (Jul 23, 2024) | — | — | — |
| Q2 2024 | $39.7M (Apr 23, 2024) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $425M–$485M (Nov 3, 2026) | — | to be reported | — |
| Q3 2026 | $410M–$440M (Aug 5, 2026) | $432M (GAAP) | not judged | — |
| Q2 2026 | $430M–$460M (May 6, 2026) | $1.2B (GAAP) | not judged | — |
| FY2026 | $100M–$110M (Feb 24, 2026) → raised $858M–$888M (May 6, 2026) → raised $1.6B–$1.7B (Aug 5, 2026) → lowered $180M (Nov 3, 2026) | — | to be reported | — |
| Q4 2025 | $10.0M–$30.0M (Oct 21, 2025) | $466M (GAAP) | not judged | — |
| Q3 2025 | $25.0M–$55.0M (Jul 22, 2025) | $643M (GAAP) | not judged | — |
| Q2 2025 | $60.0M–$90.0M (Apr 23, 2025) | $491M (GAAP) | not judged | — |
| Q1 2025 | $65.0M–$95.0M (Feb 18, 2025) | $554M (GAAP) | not judged | — |
| FY2025 | $120M–$180M (Feb 18, 2025) → raised $1.3B–$1.6B (Jul 22, 2025) → raised $1.6B–$1.7B (Oct 21, 2025) | $2.2B (GAAP) | not judged | — |
| Q4 2024 | $42.0M–$62.0M (Oct 22, 2024) | — | — | — |
Free cash flow
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $150M (Nov 6, 2026) | — | to be reported | — |
| FY2026 | $900M (Aug 5, 2026) | — | to be reported | — |
Adjusted free cash flow
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.1B–$1.2B (May 6, 2026) | — | to be reported | — |
| FY2025 | $1.0B (Feb 18, 2025) | — | — | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $400M (Nov 3, 2026) | — | to be reported | — |
| FY2025 | $285M (Feb 18, 2025) → lowered $74.0M (Oct 21, 2025) | — | — | — |
The latest quarter
Matador Resources, Q3 2026: revenue $1.2B (+24% year over year), operating margin 30.4%, net earnings $172M, operating cash flow $594M. The chart follows the revenue to costs, profit and cash.
Questions
Does Matador Resources beat its guidance?
Matador Resources gave guidance in 13 earnings releases on file since Feb 20, 2024. Its releases raised guidance 9 times and lowered it 8 times.
How often does Matador Resources raise guidance?
Its earnings releases raised guidance 9 times and lowered it 8 times since Feb 20, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.