Filing Flows › Matador Resources (MTDR) › Q3 2026
Matador Resources (MTDR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Matador Resources (MTDR) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), +24% from a year earlier and -2% from the quarter before. Operating margin was 30.4%, net earnings $172M (14.8% of revenue).
Matador Resources, Q3 2026: revenue $1.2B (+24% year over year), operating margin 30.4%, net earnings $172M, operating cash flow $594M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -2% | +24% |
| Operating profit | $354M | -39% | +16% |
| Net earnings | $172M | -56% | -2% |
| Operating cash flow | $594M | -37% | -18% |
| Free cash flow | $162M | — | +107% |
What changed
Revenue was $1.2B in Q3 2026, up 24% year over year and down 2% from the previous quarter. Oil revenues was the largest line at 91% of revenue. Oil revenues added $0.35B year over year (up 48%), 155% of the total change.
Operating profit was $0.35B, a 30.4% margin (down 2.1 points year over year). Of the extra revenue versus Q3 2025, 21% reached operating profit, below the 33% margin then. Total costs grew 28% against revenue growth of 24%. The fastest-growing cost line was Other operating costs (+28%). Net earnings were $0.17B, down 2% year over year. The effective tax rate was 29.5%.
Operating cash flow was $0.59B (down 18% year over year), 305% of net income including minority interests. Non-cash charges added back $0.34B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.43B left free cash flow of $0.16B.
Questions
What was Matador Resources' revenue in the third quarter 2026?
Matador Resources (MTDR) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), +24% from a year earlier and -2% from the quarter before.
Was Matador Resources profitable in the third quarter 2026?
Operating profit was $354M (30.4% of revenue) and net earnings $172M.
Source: Matador Resources 10-Q on SEC EDGAR.