Filing Flows › Matador Resources (MTDR) › Q1 2026
Matador Resources (MTDR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Matador Resources (MTDR) reported revenue of $672M for the first quarter 2026 (Q1 2026), -34% from a year earlier and -21% from the quarter before. Operating margin was 7.0%, net loss $15.8M (2.4% of revenue).
Matador Resources, Q1 2026: revenue $672M (-34% year over year), operating margin 7.0%, net loss $15.8M, operating cash flow $471M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $672M | -21% | -34% |
| Operating profit | $46.8M | -81% | -88% |
| Net earnings | −$15.8M | -108% | -107% |
| Operating cash flow | $471M | -0.8% | -35% |
What changed
Revenue was $671.6M in Q1 2026, down 34% year over year and down 21% from the previous quarter. Oil revenues was the largest line, $788.3M against total revenue of $671.6M (other lines net negative). Natural gas revenues lost $130.2M year over year (down 81%), 38% of the total change.
Operating profit was $46.8M, a 7.0% margin (down 31.4 points year over year). Total costs grew 0% against a revenue fall of 34%. The fastest-growing cost line was General & admin (+16%). The quarter ended with a net loss of $15.8M, after a profit of $215.5M the previous quarter. Net interest and other expense of $63.3M was the main reason.
Operating cash flow was $470.5M (down 35% year over year). Non-cash charges added back $292.7M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $189.1M. Capital expenditures of $496.9M exceeded it, leaving free cash flow of −$26.4M.
Questions
What was Matador Resources' revenue in the first quarter 2026?
Matador Resources (MTDR) reported revenue of $672M for the first quarter 2026 (Q1 2026), -34% from a year earlier and -21% from the quarter before.
Was Matador Resources profitable in the first quarter 2026?
Operating profit was $46.8M (7.0% of revenue) and net loss $15.8M.
Source: Matador Resources 10-Q on SEC EDGAR.