Filing Flows › Matador Resources (MTDR) › Q3 2026 › vs Q3 2025
Matador Resources (MTDR) Q3 2026 vs Q3 2025 (year over year)
Matador Resources's revenue rose $224M (+24%) from $939M in Q3 2025 to $1.2B in Q3 2026. The biggest changes: Revenue from contracts with customers +$475M (+52%). Operating margin 30.4% against 32.6% (-2.1 pts).
Matador Resources, Q3 2026: revenue $1.2B (+24% year over year), operating margin 30.4%, net earnings $172M, operating cash flow $594M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 30.4% | 32.6% | -2.1 pts |
| Net margin | 14.8% | 18.8% | -4.0 pts |
| Free cash flow margin | 13.9% | 8.3% | +5.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Oil revenues | $1.1B | $714M | $346M | +48% |
| Natural gas revenues | $162M | $96.3M | $66.1M | +69% |
| Oil and natural gas revenues | $1.2B | $810M | $412M | +51% |
| Sales of purchased natural gas | $112M | $61.0M | $51.0M | +84% |
| Third-party midstream services revenues | $56.3M | $43.8M | $12.5M | +29% |
| Revenue from contracts with customers | $1.4B | $915M | $475M | +52% |
| Revenue | $1.2B | $939M | $224M | +24% |
| Other revenues (net loss) | $228M | −$23.9M | $252M | — |
| Operating profit | $354M | $306M | $47.9M | +16% |
| Costs & expenses | $809M | $633M | $176M | +28% |
| Pre-tax earnings | $277M | $260M | $16.9M | +7% |
| Other expense, net | $77.2M | $46.2M | $31.0M | +67% |
| General & admin | $44.6M | $36.8M | $7.9M | +21% |
| Other operating costs | $764M | $596M | $168M | +28% |
| Net earnings | $172M | $176M | −$4.2M | -2% |
| Minority interests | $23.0M | $24.3M | −$1.3M | -5% |
| Income tax | $81.5M | $59.1M | $22.4M | +38% |
| Depreciation & amortization | $343M | $305M | $37.6M | +12% |
| Share-based compensation | $6.9M | $6.2M | $731K | +12% |
| Working capital & other | $72.4M | $234M | −$161M | -69% |
| Operating cash flow | $594M | $722M | −$127M | -18% |
| Free cash flow (OCF − capex) | $162M | $78.3M | $83.8M | +107% |
| Capital expenditures | $432M | $643M | −$211M | -33% |
Questions
How much did Matador Resources's revenue grow year over year in Q3 2026?
Matador Resources's revenue rose $224M (+24%) from $939M in Q3 2025 to $1.2B in Q3 2026.
What drove Matador Resources's revenue change in Q3 2026?
Revenue from contracts with customers +$475M (+52%).