Matador Resources (MTDR) Operating Expenses (2011 - 2026)
Matador Resources' (MTDR) quarterly Operating Expenses came in at $624.8 million in Q1 2026, little changed year-on-year from $624.8 million in Q1 2025, and up 3.23% on a QoQ basis from $605.2 million in Q4 2025.
Matador Resources (MTDR) Operating Expenses (2011 - 2026) Analysis & Trends
Matador Resources (MTDR) has 16 years of Operating Expenses data on file, last reported at $624.8 million in Q1 2026.
- On a quarterly basis, Operating Expenses changed 0.0% year-over-year to $624.8 million in Q1 2026; TTM through Mar 2026 was $2.0 billion, a 31.63% decrease from a year earlier, with the FY2025 full-year figure at $2.5 billion, up 19.29% from the prior year.
- Operating Expenses for Q1 2026 stood at $624.8 million, up from $605.2 million in the prior quarter.
- Over the last five years, Operating Expenses for MTDR reached as high as $1.7 billion in Q4 2024 and fell as low as $115.9 million in Q1 2024.
- Historically, Operating Expenses has averaged $469.0 million across 5 years, with a median of $385.8 million in 2023.
- Across the five-year window, Operating Expenses plunged 69.81% in 2024 and soared 439.01% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $335.8 million in 2022, then jumped by 40.13% to $470.5 million in 2023, then jumped by 262.91% to $1.7 billion in 2024, then slumped by 64.56% to $605.2 million in 2025, then climbed by 3.23% to $624.8 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $624.8 million in Q1 2026, $605.2 million in Q4 2025, and $633.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 2.28 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 4.32 Bn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 4.12 Bn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 4.86 Bn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 60.22 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 54.49 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 3.64 Bn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 2.87 Bn |
| 10 | Matador Resources | 5.83 Bn | 5.71 Bn | 926.76 Mn | 624.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 624.82 Mn |
| Dec 31, 2025 | 605.24 Mn |
| Sep 30, 2025 | 633.04 Mn |
| Jun 30, 2025 | 151.37 Mn |
| Mar 31, 2025 | 624.81 Mn |
| Dec 31, 2024 | 1.71 Bn |
| Sep 30, 2024 | 130.50 Mn |
| Jun 30, 2024 | 483.52 Mn |
| Mar 31, 2024 | 115.92 Mn |
| Dec 31, 2023 | 470.52 Mn |
| Sep 30, 2023 | 432.28 Mn |
| Jun 30, 2023 | 385.82 Mn |
| Mar 31, 2023 | 308.84 Mn |
| Dec 31, 2022 | 335.78 Mn |
| Sep 30, 2022 | 357.65 Mn |
| Jun 30, 2022 | 348.94 Mn |
| Mar 31, 2022 | 256.39 Mn |
| Dec 31, 2021 | 241.24 Mn |
| Sep 30, 2021 | 242.17 Mn |
| Jun 30, 2021 | 212.32 Mn |