Matador Resources (MTDR) FY2023 results: revenue $2.8 billion, down 8.2% on the year
Matador Resources Co. (MTDR) reported revenue of $2.8 billion for fiscal 2023, the year ended 31 December 2023, down 8.2% on the year before. Net income was $846 million, down 30.3%, and diluted earnings per share $7.05. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.
Revenue
$2.8 billion
-8.2% on the year
FY2016FY2023
Operating margin
43.1%
57.5% a year earlier
FY2016FY2023
Net income
$846 million
-30.3% on the year
FY2016FY2023
Diluted EPS
$7.05
-30.3% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,868
1,979
1,053
-5.6%
Capital expenditure
3,228
1,063
838
+203.6%
Free cash flow
-1,360
915
215
Free cash flow margin
-48.5%
29.9%
13.0%
Cash from investing
-3,211
-1,037
-729
Cash from financing
902
-481
-329
Depreciation and amortisation
717
466
345
+53.7%
Share-based compensation
13.7
15.1
9.0
-9.7%
Buybacks
0.0
n/a
n/a
Dividends paid
77.2
35.2
14.6
+119.0%
Dividend per share
$0.65
$0.30
$0.12
+116.7%
Diluted shares, weighted
120m
120m
119m
-0.1%
Shares outstanding at period end
119m
119m
118m
+0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
3,911
3,111
1,907
+25.7%
Non-controlling interest
217
206
220
+5.1%
Debt
2,207
1,160
1,528
+90.2%
Operating lease liabilities
10.8
19.5
15.3
-44.7%
Finance lease liabilities
0.9
0.6
0.0
+37.9%
Other liabilities
1,381
1,057
592
+30.7%
Total liabilities and equity
7,727
5,555
4,262
+39.1%
Fixed assets
6,956
4,418
3,857
+57.4%
Cash and equivalents
52.7
505
48.1
-89.6%
Receivables
274
225
164
+21.9%
Other assets
444
406
193
+9.2%
Total assets
7,727
5,555
4,262
+39.1%
10-K for the year ended 31 December 2023, filed 27 February 2024: the filing.