Q4 25 EPS
$0.87
BEAT +15.13%
Est. $0.76
Q4 25 Revenue
$848.0M
BEAT +4.76%
Est. $809.4M
vs S&P Since Q4 25
-7.9%
TRAILING MARKET
MTDR -0.4% vs S&P +7.4%
Full Year 2025 Results
FY 25 EPS
$5.76
BEAT +2.69%
Est. $5.61
FY 25 Revenue
$3.70B
BEAT +2.51%
Est. $3.61B
Market Reaction
Did MTDR Beat Earnings? Q4 2025 Results
Matador Resources delivered a mixed Q4 2025, posting earnings per share of $0.87 against a consensus estimate of $1.00, a 12.93% miss, even as revenue of $847.99 million cleared Wall Street's $758.89 million target by 11.74%. The headline numbers tel… Read more Matador Resources delivered a mixed Q4 2025, posting earnings per share of $0.87 against a consensus estimate of $1.00, a 12.93% miss, even as revenue of $847.99 million cleared Wall Street's $758.89 million target by 11.74%. The headline numbers tell only part of the story, though, as total revenue slid 13.3% year-over-year under the weight of collapsing Waha hub natural gas prices, with realized gas prices falling to just $0.91 per Mcf from $2.72 a year earlier and oil realizations dropping to $58.89 per barrel from $70.66. Record quarterly production of 211,290 BOE per day, running 2% above guidance midpoint, demonstrated operational strength but couldn't fully offset the commodity price headwinds that dragged adjusted EBITDA to $489.57 million from $640.85 million in Q4 2024. Looking ahead, the company's Hugh Brinson pipeline, expected online in Q3 2026, is designed to move gas away from the distressed Waha market toward Henry Hub pricing, a strategic move management projects could unlock roughly $90 million in incremental annual revenue per $0.50 per MMBtu improvement, offering meaningful relief as Matador targets 3% oil production growth on an 11% reduction in capital spending for full-year 2026. CEO Joseph Foran's recent open-market share purchase at $49.78 per share added a note of insider confidence to the outlook.
Key Takeaways
- • Record Q4 2025 production of 211,290 BOE/d, 2% above guidance midpoint
- • Increased production from new wells in Arrowhead and Ranger asset areas
- • Operating expenses per BOE 8% better than expected in Q4 and 4% below Q4 2024
- • Full-year 2025 D/C/E CapEx of $1.53 billion within guidance while delivering 129.4 net wells (8.1 more than initial guidance)
- • 21% year-over-year production growth in 2025
- • Record total proved reserves of 667.0 million BOE, up 9% year-over-year with 173% reserve replacement ratio
MTDR YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
MTDR Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was another record year for Matador and San Mateo. Our team is excited to review our accomplishments as well as share the strategic priorities and expected catalysts for Matador and San Mateo in 2026, which include improving capital efficiency, profitability and reduction in our reserve-based loan, midstream value realization, quality land acquisitions, reserves growth and decreased capital costs, recruiting, retaining and developing high-quality professionals and maintaining a strong balance sheet.”
— Joseph Wm. Foran, Q4 2025 Earnings Press Release
MTDR Earnings Trends
MTDR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MTDR EPS Trend
Earnings per share: estimate vs actual
MTDR Revenue Trend
Quarterly revenue: estimate vs actual
MTDR Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.26 | $1.53 | +21.41% | $941.6M | +8.32% |
| Q4 25 BEAT FY | $0.76 | $0.87 | +15.13% | $848.0M | +4.76% |
| FY Full Year | $5.61 | $5.76 | +2.69% | $3.70B | +2.51% |
| Q3 25 BEAT | $1.23 | $1.36 | +10.99% | $939.0M | +8.51% |
| Q2 25 BEAT | $1.41 | $1.53 | +8.83% | $895.3M | -0.28% |
| Q1 25 BEAT | $1.78 | $1.99 | +11.58% | $1.01B | +6.00% |