Filing Flows › Matador Resources (MTDR) › Q2 2025
Matador Resources (MTDR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 25, 2025
Matador Resources (MTDR) reported revenue of $895M for the second quarter 2025 (Q2 2025), +6% from a year earlier and -12% from the quarter before. Operating margin was 32.2%, net earnings $150M (16.8% of revenue).
Matador Resources, Q2 2025: revenue $895M (+6% year over year), operating margin 32.2%, net earnings $150M, operating cash flow $501M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $895M | -12% | +6% |
| Operating profit | $289M | -26% | -21% |
| Net earnings | $150M | -37% | -34% |
| Operating cash flow | $501M | -31% | -15% |
| Free cash flow | $9.6M | -94% | -86% |
What changed
Revenue was $895.3M in Q2 2025, up 6% year over year and down 12% from the previous quarter. Oil revenues was the largest line at 80% of revenue. Natural gas revenues added $25.7M year over year (up 36%), 53% of the total change.
Operating profit was $288.7M, a 32.2% margin (down 10.7 points year over year). Operating profit fell $75.0M even though revenue rose $48.2M versus a year earlier, so costs grew faster than sales. Total costs grew 25% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+26%). Net earnings were $150.2M, down 34% year over year. The effective tax rate was 23.6%.
Operating cash flow was $501.0M (down 15% year over year), 275% of net income including minority interests. Non-cash charges added back $302.6M of depreciation and amortization and $4.6M of share-based compensation. Capital expenditures of $491.4M left free cash flow of $9.6M.
Questions
What was Matador Resources' revenue in the second quarter 2025?
Matador Resources (MTDR) reported revenue of $895M for the second quarter 2025 (Q2 2025), +6% from a year earlier and -12% from the quarter before.
Was Matador Resources profitable in the second quarter 2025?
Operating profit was $289M (32.2% of revenue) and net earnings $150M.
Source: Matador Resources 10-Q on SEC EDGAR.