Filing Flows › Matador Resources (MTDR) › Q2 2026 › vs Q2 2025
Matador Resources (MTDR) Q2 2026 vs Q2 2025 (year over year)
Matador Resources's revenue rose $291M (+33%) from $895M in Q2 2025 to $1.2B in Q2 2026. The biggest changes: Oil revenues +$245M (+28%); Other revenues +$43.3M (—); Third-party midstream services revenues +$2.6M (+6%). Operating margin 48.7% against 32.2% (+16.4 pts).
Matador Resources, Q2 2026: revenue $1.2B (+32% year over year), operating margin 48.7%, net earnings $391M, operating cash flow $937M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 48.7% | 32.2% | +16.4 pts |
| Net margin | 32.9% | 16.8% | +16.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Oil and natural gas revenues | $1.1B | $816M | $272M | +33% |
| Sales of purchased natural gas | $41.2M | $67.9M | −$26.7M | -39% |
| Oil revenues | $1.1B | $884M | $245M | +28% |
| Third-party midstream services revenues | $44.6M | $42.0M | $2.6M | +6% |
| Other revenues | $13.0M | −$30.4M | $43.3M | — |
| Revenue | $1.2B | $895M | $291M | +33% |
| Operating profit | $577M | $289M | $289M | +100% |
| Costs & expenses | $609M | $607M | $2.4M | +0.4% |
| Pre-tax earnings | $520M | $239M | $282M | +118% |
| Other expense, net | $56.8M | $49.8M | $7.0M | +14% |
| General & admin | $41.3M | $32.2M | $9.1M | +28% |
| Other operating costs | $568M | $574M | −$6.7M | -1% |
| Net earnings | $391M | $150M | $240M | +160% |
| Minority interests | $23.0M | $32.1M | −$9.1M | -28% |
| Income tax | $107M | $56.5M | $50.4M | +89% |
| Depreciation & amortization | $315M | $303M | $12.5M | +4% |
| Share-based compensation | $6.1M | $4.6M | $1.5M | +33% |
| Working capital & other | $225M | $43.6M | $182M | +416% |
| Operating cash flow | $937M | $501M | $436M | +87% |
| Capital expenditures | $1.2B | $491M | $676M | +138% |
| Negative free cash flow (OCF − capex) | $230M | −$9.6M | $240M | — |
Questions
How much did Matador Resources's revenue grow year over year in Q2 2026?
Matador Resources's revenue rose $291M (+33%) from $895M in Q2 2025 to $1.2B in Q2 2026.
What drove Matador Resources's revenue change in Q2 2026?
Oil revenues +$245M (+28%); Other revenues +$43.3M (—); Third-party midstream services revenues +$2.6M (+6%).