Quarterly ResultMay 8, 2026, 06:51 AM
Matador Resources Q1 Net Loss $35.9M; Revenue Down 33.8%; Debt Restructured
AI Summary
Matador Resources Company reported a net loss of $35.9 million for Q1 2026, a significant decline from a net income of $240.1 million in Q1 2025, with basic EPS falling to $(0.29) from $1.92. Total revenues decreased by 33.8% to $671.6 million, largely impacted by a $255.5 million unrealized loss on derivatives. The company also completed a debt restructuring, repurchasing and redeeming $500 million of 2028 Notes and issuing $750 million of new 2034 Notes, incurring a $15.6 million loss on debt extinguishment.
Key Highlights
- Net loss attributable to shareholders was $35.9 million, vs. $240.1 million net income in Q1 2025.
- Basic EPS was $(0.29), down from $1.92 in the prior year period.
- Total revenues decreased 33.8% to $671.6 million from $1,014.0 million in Q1 2025.
- Unrealized loss on derivatives was $255.5 million, compared to a $5.1 million gain in Q1 2025.
- Repurchased $419.8 million and redeemed $80.2 million of 2028 Notes.
- Issued $750.0 million in 6.000% senior unsecured notes due 2034.
- Incurred a $15.6 million loss on debt extinguishment for 2028 Notes.
- Declared a quarterly cash dividend of $0.375 per share.