Matador Resources (MTDR) Operating Expenses (2011 - 2026)
Matador Resources (MTDR) posted quarterly Operating Expenses of $624.8 million for Q1 2026, little changed year-over-year from $624.8 million in Q1 2025, and up 3.23% quarter-over-quarter from $605.2 million in Q4 2025.
Matador Resources (MTDR) Operating Expenses (2011 - 2026) Analysis & Trends
Matador Resources (MTDR) has reported Operating Expenses for 16 consecutive years, with $624.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses changed 0.0% year-over-year to $624.8 million; the TTM figure through Mar 2026 stood at $2.0 billion (down 31.63% YoY), while the FY2025 annual figure was $2.5 billion, up 19.29% from the prior year.
- Operating Expenses rose to $624.8 million in Q1 2026 per MTDR's latest filing, from $605.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $1.7 billion in Q4 2024 and bottomed at $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.
- Annual changes were most pronounced in 2024 — Operating Expenses slumped 69.81% — and 2025, when it surged 439.01%.
- Matador Resources' Operating Expenses stood at $335.8 million in 2022, then surged by 40.13% to $470.5 million in 2023, then surged by 262.91% to $1.7 billion in 2024, then slumped by 64.56% to $605.2 million in 2025, then gained by 3.23% to $624.8 million in 2026.
- Business Quant data shows MTDR's Operating Expenses at $624.8 million in Q1 2026, $605.2 million in Q4 2025, and $633.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 54.24 Mn |
| 10 | Matador Resources | 7.26 Bn | 7.22 Bn | 1.17 Bn | 609.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 609.07 Mn |
| 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 |