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In this Annual Report, (i) references to we, our or the Company refer to Matador Resources Company and its subsidiaries as a whole (unless the context indicates otherwise), (ii) references to Matador refer solely to Matador Resources Company, (iii) references to the Ameredev Acquisition refer to the acquisition of Ameredev Stateline II, LLC from affiliates of EnCap Investments L.P., including (…
33.18% operating margin is above average. ROIC at 11.87%.
Revenue grew 5.5%, steady but not accelerating. Margins contracted 7.7pp, which offsets some of the top-line progress.
ROIC dropped from 15.53% to 11.87%, capital efficiency is deteriorating. Operating margin contracted 7.7pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$3.35B
▲ +5.5% YoY
Net Income (TTM)
$461M
▼ -14.2% YoY
Op. Margin
26.36%
▼ -7.7pp YoY
ROIC
8.92%
▼ -3.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$2.16B
▲ +8.0% YoY
Op. Cash Flow (TTM)
$2.17B
▲ +7.9% YoY
Net Debt
$3.44B
Cash & Equiv.
$30M
5Y CAGR: +33.8%
5Y CAGR: +38.5%
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