Filing Flows › Matador Resources (MTDR) › Q1 2025
Matador Resources (MTDR) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 28, 2025
Matador Resources (MTDR) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +29% from a year earlier and +4% from the quarter before. Operating margin was 38.4%, net earnings $240M (23.7% of revenue).
Matador Resources, Q1 2025: revenue $1.0B (+29% year over year), operating margin 38.4%, net earnings $240M, operating cash flow $728M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +4% | +29% |
| Operating profit | $389M | +8% | +22% |
| Net earnings | $240M | +12% | +24% |
| Operating cash flow | $728M | +27% | +55% |
| Free cash flow | $174M | +284% | — |
What changed
Revenue was $1.0B in Q1 2025, up 29% year over year and up 4% from the previous quarter. Oil revenues was the largest line at 74% of revenue. Oil revenues added $0.15B year over year (up 25%), 67% of the total change.
Operating profit was $0.39B, a 38.4% margin (down 2.1 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, below the 40% margin then. Total costs grew 33% against revenue growth of 29%. The fastest-growing cost line was Other operating costs (+35%). Net earnings were $0.24B, up 24% year over year. The effective tax rate was 24.0%.
Operating cash flow was $0.73B (up 55% year over year), 278% of net income including minority interests. Non-cash charges added back $0.28B of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $0.18B. Capital expenditures of $0.55B left free cash flow of $0.17B.
Questions
What was Matador Resources' revenue in the first quarter 2025?
Matador Resources (MTDR) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +29% from a year earlier and +4% from the quarter before.
Was Matador Resources profitable in the first quarter 2025?
Operating profit was $389M (38.4% of revenue) and net earnings $240M.
Source: Matador Resources 10-Q on SEC EDGAR.