Matador Resources (MTDR) FY2022 results: revenue $3.1 billion, up 83.9% on the year
Matador Resources Co. (MTDR) reported revenue of $3.1 billion for fiscal 2022, the year ended 31 December 2022, up 83.9% on the year before. Net income was $1.2 billion, up 107.6%, and diluted earnings per share $10.11. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$3.1 billion
+83.9% on the year
FY2015FY2022
Operating margin
57.5%
47.7% a year earlier
FY2015FY2022
Net income
$1.2 billion
+107.6% on the year
FY2015FY2022
Diluted EPS
$10.11
+105.9% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,979
1,053
478
+87.9%
Capital expenditure
1,063
838
722
+26.9%
Free cash flow
915
215
-244
+325.0%
Free cash flow margin
29.9%
13.0%
-28.3%
Cash from investing
-1,037
-729
-776
Cash from financing
-481
-329
324
Depreciation and amortisation
466
345
362
+35.2%
Share-based compensation
15.1
9.0
13.6
+67.3%
Dividends paid
35.2
14.6
0.0
+141.7%
Dividend per share
$0.30
$0.12
n/a
+140.0%
Diluted shares, weighted
120m
119m
116m
+0.8%
Shares outstanding at period end
119m
118m
117m
+0.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,111
1,907
1,287
+63.1%
Non-controlling interest
206
220
226
-6.3%
Debt
1,160
1,528
1,815
-24.0%
Operating lease liabilities
19.5
15.3
21.6
+27.3%
Finance lease liabilities
0.6
0.0
0.3
+1,300.0%
Other liabilities
1,057
592
337
+78.6%
Total liabilities and equity
5,555
4,262
3,687
+30.3%
Fixed assets
4,418
3,857
3,368
+14.6%
Cash and equivalents
505
48.1
57.9
+949.5%
Receivables
225
164
85.1
+36.9%
Other assets
406
193
176
+110.4%
Total assets
5,555
4,262
3,687
+30.3%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.