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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Revenues $ 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
Expenses      
Transportation and processing 66,787 58,593 59,912
Lease operating 415,810 325,145 232,521
Midstream operating 208,142 167,400 124,021
Purchased natural gas 163,094 142,715 129,401
Depletion, depreciation and amortization 1,195,358 974,300 716,688
Taxes other than income 275,629 268,649 220,604
Accretion of asset retirement obligations 7,846 6,027 3,943
General and administrative 137,069 127,454 110,373
Total expenses 2,469,735 2,070,283 1,597,463
Operating income 1,226,542 1,434,698 1,209,322
Other income (expense)      
Net loss on asset sales and impairment (589) 0 (202)
Interest expense (208,520) (171,687) (121,520)
Other income 16,011 696 8,785
Total other expense (193,098) (170,991) (112,937)
Income before income taxes 1,033,444 1,263,707 1,096,385
Income tax provision (benefit)      
Current 7,088 27,059 13,922
Deferred 165,587 265,305 172,104
Total income tax provision 172,675 292,364 186,026
Net income 860,769 971,343 910,359
Net income attributable to non-controlling interest in subsidiaries (101,548) (86,021) (64,285)
Net income attributable to Matador Resources Company shareholders $ 759,221 $ 885,322 $ 846,074
Earnings per common share attributable to Matador Resources Company shareholders      
Basic (usd per share) $ 6.10 $ 7.16 $ 7.10
Diluted (usd per share) $ 6.09 $ 7.14 $ 7.05
Weighted average common shares outstanding      
Basic (in shares) 124,556 123,568 119,139
Diluted (in shares) 124,586 124,076 119,980
Oil and natural gas revenues      
Revenues      
Revenues $ 3,238,750 $ 3,143,834 $ 2,545,599
Third-party midstream services revenues      
Revenues      
Revenues 164,733 141,027 122,153
Sales of purchased natural gas      
Revenues      
Revenues $ 253,031 $ 194,097 $ 149,869