Filing Flows › Matador Resources (MTDR) › Q2 2026
Matador Resources (MTDR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Matador Resources (MTDR) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), +33% from a year earlier and +77% from the quarter before. Operating margin was 48.7%, net earnings $391M (32.9% of revenue).
Matador Resources, Q2 2026: revenue $1.2B (+32% year over year), operating margin 48.7%, net earnings $391M, operating cash flow $937M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +77% | +33% |
| Operating profit | $577M | 12× | +100% |
| Net earnings | $391M | — | +160% |
| Operating cash flow | $937M | +99% | +87% |
What changed
Revenue was $1.2B in Q2 2026, up 33% year over year and up 77% from the previous quarter. Oil and natural gas revenues was the largest line at 92% of revenue. Oil and natural gas revenues added $0.27B year over year (up 33%), 93% of the total change. Sales of purchased natural gas declined 39%.
Operating profit was $0.58B, a 48.7% margin (up 16.4 points year over year). Of the extra revenue versus Q2 2025, 99% reached operating profit, above the 32% margin then. Total costs grew 0% against revenue growth of 33%. The fastest-growing cost line was General & admin (+28%). Net earnings were $0.39B, up 160% year over year. The effective tax rate was 20.5%.
Operating cash flow was $0.94B (up 87% year over year), 227% of net income including minority interests. Non-cash charges added back $0.32B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.20B. Capital expenditures of $1.2B exceeded it, leaving free cash flow of −$0.23B.
Questions
What was Matador Resources' revenue in the second quarter 2026?
Matador Resources (MTDR) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), +33% from a year earlier and +77% from the quarter before.
Was Matador Resources profitable in the second quarter 2026?
Operating profit was $577M (48.7% of revenue) and net earnings $391M.
Source: Matador Resources 10-Q on SEC EDGAR.