Matador Resources (MTDR) FY2024 results: revenue $3.5 billion, up 24.9% on the year
Matador Resources Co. (MTDR) reported revenue of $3.5 billion for fiscal 2024, the year ended 31 December 2024, up 24.9% on the year before. Net income was $885 million, up 4.6%, and diluted earnings per share $7.14. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$3.5 billion
+24.9% on the year
FY2017FY2024
Operating margin
40.9%
43.1% a year earlier
FY2017FY2024
Net income
$885 million
+4.6% on the year
FY2017FY2024
Diluted EPS
$7.14
+1.3% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,247
1,868
1,979
+20.3%
Capital expenditure
3,907
3,228
1,063
+21.0%
Free cash flow
-1,660
-1,360
915
Free cash flow margin
-47.4%
-48.5%
29.9%
Cash from investing
-3,672
-3,211
-1,037
Cash from financing
1,414
902
-481
+56.7%
Depreciation and amortisation
974
717
466
+35.9%
Share-based compensation
15.0
13.7
15.1
+9.7%
Buybacks
0.0
0.0
n/a
Dividends paid
105
77.2
35.2
+35.9%
Dividend per share
$0.85
$0.65
$0.30
+30.8%
Diluted shares, weighted
124m
120m
120m
+3.4%
Shares outstanding at period end
125m
119m
119m
+4.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,089
3,911
3,111
+30.1%
Non-controlling interest
368
217
206
+69.9%
Debt
3,325
2,207
1,160
+50.7%
Operating lease liabilities
72.5
10.8
19.5
+571.3%
Finance lease liabilities
1.0
0.9
0.6
+17.5%
Other liabilities
1,994
1,381
1,057
+44.4%
Total liabilities and equity
10,850
7,727
5,555
+40.4%
Fixed assets
9,764
6,956
4,418
+40.4%
Cash and equivalents
23.0
52.7
505
-56.3%
Receivables
332
274
225
+20.9%
Other assets
731
444
406
+64.8%
Total assets
10,850
7,727
5,555
+40.4%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.