Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Disaggregation of Revenue

The following table summarizes the Company’s total revenues and revenues from contracts with customers on a disaggregated basis for the years ended December 31, 2025, 2024 and 2023 (in thousands).

	Year Ended December 31,
	2025		2024		2023
Revenues from contracts with customers	$	3,656,514	$	3,478,958	$	2,817,621
Realized gain (loss) on derivatives	21,679		12,724		(9,575)
Unrealized gain (loss) on derivatives	18,084		13,299		(1,261)
Total revenues	$	3,696,277	$	3,504,981	$	2,806,785

	Year Ended December 31,
	2025		2024		2023
Oil revenues	$	2,840,167	$	2,772,360	$	2,144,894
Natural gas revenues	398,583		371,474		400,705
Third-party midstream services revenues	164,733		141,027		122,153
Sales of purchased natural gas	253,031		194,097		149,869
Total revenues from contracts with customers	$	3,656,514	$	3,478,958	$	2,817,621

Reconciliations of basic and diluted distributed and undistributed earnings (loss) per common share

The following are reconciliations of the numerators and denominators used to compute the Company’s basic and diluted earnings per common share as reported for the years ended December 31, 2025, 2024 and 2023 (in thousands, except per share data).

	Year Ended December 31,
	2025		2024		2023
Net income attributable to Matador Resources Company shareholders — numerator	$	759,221	$	885,322	$	846,074
Weighted average common shares outstanding — denominator
Basic	124,556		123,568		119,139
Dilutive effect of options and restricted stock units	30		508		841
Diluted weighted average common shares outstanding	124,586		124,076		119,980
Earnings per common share attributable to Matador Resources Company shareholders
Basic	$	6.10	$	7.16	$	7.10
Diluted	$	6.09	$	7.14	$	7.05