Matador Resources Management
Management criteria checks 3/4
We currently do not have sufficient information about the CEO.
Key information
Joseph Foran
Chief executive officer
US$9.8m
Total compensation
| CEO salary percentage | 18.41% |
| CEO tenure | 23yrs |
| CEO ownership | 3.5% |
| Management average tenure | 1.9yrs |
| Board average tenure | 9yrs |
Recent management updates
Recent updates
Narrative Update • Jul 01
MTDR: Higher 2026 Oil Decks And Midstream Expansion Will Drive Future Upside
Analysts have trimmed the consolidated price target for Matador Resources by $5.33 to $88.15, reflecting updated oil price assumptions and mixed moves in recent firm targets that incorporate both lower commodity scenarios as well as more constructive views on margins and earnings power. Analyst Commentary Recent research on Matador Resources shows a split in views, with some analysts trimming targets on the back of shifting oil assumptions while others highlight potential upside as energy markets reset.
Narrative Update • Jun 17
MTDR: Commodity Tailwinds And New Gas Agreements Will Support Future Upside
Analysts lifted the fair value estimate for Matador Resources stock to $62 from $52, reflecting updated price targets across the Street as they factor in revised oil price assumptions, a shift to projected revenue growth of 4.55% from a prior revenue decline of 1.94%, a lower expected profit margin of 19.76% versus 27.16%, and a higher forward P/E of 11.56 compared with 8.24. Analyst Commentary Recent Street research on Matador Resources reflects a mix of optimism on the oil backdrop and some emerging caution on valuation and execution risks.
Narrative Update • Jun 01
MTDR: Higher Oil Strip And Delaware Acreage Are Expected To Support Cash Generation
Analysts have nudged their average price target for Matador Resources higher by about $1 to roughly $73, reflecting updated oil price assumptions, revised forecasts for refining margins, and adjusted earnings expectations across recent research. Analyst Commentary Recent research on Matador Resources shows a split between analysts who are leaning more optimistic on the stock and those who are becoming more cautious as valuation and oil assumptions reset.Seeking Alpha • Jun 01
Matador Resources: Risky Hedging Book Comes Back To Bite
Summary Matador Resources is rated Sell due to deteriorating fundamentals and a significant Q1 derivatives loss. MTDR's Q1 revenues fell 33% YoY, driven by a $255M unrealized derivatives loss and declining asset productivity. Rising drilling costs, margin compression, and increasing low-value gas output signal degrading asset quality and higher capital intensity ahead. Management's hedging missteps and lack of transparency amplify risk, making MTDR unattractive despite sector tailwinds. Read the full article on Seeking AlphaNarrative Update • May 10
MTDR: Higher 2026 Oil Decks Are Expected To Drive Future Upside
Analysts have nudged their Matador Resources fair value estimate down by about $1 to $93.48, citing updated views on revenue growth, profitability, discount rates, and forward P/E levels following a series of higher Street price targets in recent research. Analyst Commentary Recent Street research on Matador Resources shows a cluster of higher price targets and generally constructive views, even as some analysts fine tune their fair value work.Narrative Update • Apr 23
MTDR: Stronger Oil Strip Is Expected To Support Future Cash Generation
Analysts have lifted the Matador Resources fair value estimate from $57.53 to $72.05 as a series of recent price target increases, supported by updated oil price assumptions, revised exploration and production models, and views on capital efficiency, feed into expectations for slightly higher revenue growth, modestly stronger profit margins, a lower discount rate, and an updated future P/E of 10.77x. Analyst Commentary Street research on Matador Resources over the past few months has leaned constructive on valuation and execution, with a handful of more cautious voices highlighting capital allocation and risk factors.Narrative Update • Apr 08
MTDR: Higher 2026 Oil Decks Will Shape Future Upside Potential
Analysts have lifted their fair value estimate for Matador Resources from $74.78 to $94.71, reflecting updated assumptions for a 6.98% discount rate, 7.70% revenue growth, a 24.75% profit margin, and a forward P/E of about 12.41, which are generally consistent with the series of recent price target hikes across the Street. Analyst Commentary Recent Street research around Matador Resources shows a mix of optimism and caution, with a clear cluster of bullish analysts lifting price targets as they refresh commodity price decks and company specific models.Narrative Update • Mar 25
MTDR: Heavy Hedging And Front Loaded Capex Will Restrain Future Equity Upside
Analysts lifted the fair value estimate for Matador Resources by $5 to $52, citing updated oil price decks, modest valuation multiple changes, and ongoing updates to exploration and production models as key drivers behind the higher targets across several recent research notes. Analyst Commentary Recent Street research on Matador Resources has leaned constructive on fair value, with several firms updating price targets to reflect new commodity price decks, refreshed exploration and production models, and company specific meetings.Narrative Update • Mar 11
MTDR: Lower Long Dated Oil Assumptions Will Pressure Future Equity Upside
Matador Resources' fair value estimate has been trimmed by $1 to $47, even as analysts lift price targets into the $52 to $62 range based on updated oil price assumptions, higher expected profit margins and lower forward P/E multiples. Analyst Commentary Recent Street research on Matador Resources has been mixed, with a cluster of higher price targets sitting above the current fair value estimate alongside a set of more guarded adjustments that highlight where things could go wrong.Narrative Update • Feb 24
MTDR: Stronger Oil Strip Is Expected To Support Future Upside
Analysts have nudged their fair value estimate for Matador Resources slightly higher to about $57.53, with the latest price target moves, including a recent lift to $59, tied largely to updated views on the oil strip and commodity price outlook. Analyst Commentary Recent research on Matador Resources reflects a mix of optimism around the commodity backdrop and some recalibration of expectations tied to longer dated oil assumptions and stock rating changes.Narrative Update • Feb 10
MTDR: Recalibrated Oil Decks Will Shape Future Upside Potential
Analysts have trimmed their fair value estimate for Matador Resources to approximately $74.78 from about $82.48, reflecting updated assumptions for slower revenue growth, slightly lower profit margins, a lower discount rate, and a higher future P/E multiple in light of recent price target cuts and a downgrade in Street research. Analyst Commentary Recent Street research on Matador Resources has leaned cautious overall, with several firms trimming price targets and, in at least one case, issuing a downgrade.Narrative Update • Jan 27
MTDR: Revised Commodity Decks Will Still Support Future Upside Potential
Analysts have trimmed their average price target for Matador Resources by about $1 to roughly $57, as they factor in updated commodity price decks and company guidance, while still acknowledging modestly higher long term revenue growth and profit margin assumptions alongside a slightly lower future P/E multiple. Analyst Commentary Recent research on Matador Resources shows a mix of optimism around the company’s execution and growth outlook, alongside some caution tied to updated commodity price assumptions and guidance.Narrative Update • Jan 12
MTDR: Higher 2025 Production And Increased Payouts Will Support Future Upside
Analysts have trimmed their average price target for Matador Resources by a few dollars to around the mid US$50s. This reflects updated 2025 guidance, early 2026 commentary and a relative preference for gas focused names over oil producers.Narrative Update • Dec 26
MTDR: Rising Production And Capital Returns Will Drive Future Upside Momentum
Analysts have nudged their consolidated price target for Matador Resources marginally higher to approximately $58.58 from about $58.16. This reflects slightly improved valuation assumptions even as updated 2025 and preliminary 2026 outlooks introduce modestly higher discount rates and more conservative growth expectations.Narrative Update • Dec 12
MTDR: Rising Production And Dividend Growth Will Drive Future Upside Momentum
Analysts have slightly trimmed their average price target for Matador Resources by about $1, reflecting modestly softer long term growth and valuation assumptions, even as expectations for margins and free cash flow remain constructive. Analyst Commentary Street research on Matador Resources reflects a mix of constructive views on execution and cash generation, alongside some recalibration of valuation as updated 2025 guidance and early 2026 outlooks are incorporated.Narrative Update • Nov 27
MTDR: Rising Production And Dividend Increase Will Support Upside Momentum
Matador Resources’ analyst price target has been lowered modestly, declining from $59.44 to $58.72. This adjustment reflects analysts factoring in updated company guidance and evolving sector preferences in North American energy markets.Narrative Update • Nov 12
MTDR: Record Quarterly Production And Dividend Hike Will Drive Future Upside
Analysts have slightly lowered their price target for Matador Resources, trimming it from $59.72 to $59.44 per share. The adjustment reflects ongoing commodity headwinds while maintaining optimism around the company’s stable growth strategy and free cash flow priorities.Narrative Update • Oct 29
Record Production And Strong Free Cash Flow Will Drive Margins Into 2026
Analysts have modestly reduced their average price target for Matador Resources from approximately $63.56 to $59.72 per share, citing softer expected revenue growth and recent commodity headwinds as key factors influencing the outlook. Analyst Commentary Recent Street research on Matador Resources reflects a mix of optimism surrounding the company’s operational strengths and persistent caution over commodity market challenges.Narrative Update • Oct 14
Delaware Basin Midstream Expansion Will Strengthen Margins Despite Risks
Matador Resources' average analyst price target has edged downward by about $1 to $63.56, as analysts reassess the impact of commodity headwinds and evolving free cash flow strategies on the company's growth prospects. Analyst Commentary Recent Street research offers a nuanced view of Matador Resources' outlook, with analysts weighing both the company's strategic strengths and the headwinds impacting future performance.Seeking Alpha • Apr 24
Matador Resources: Share Repurchases Should Provide A Positive Benefit
Summary Matador Resources announced a $400 million share repurchase program. It trimmed capex in response to weak commodity prices. Matador can generate around $6 per share in free cash flow at the current 2025 strip, much of which can go towards share repurchases. I estimate its value at $68 per share at long-term (after 2026) $70 WTI oil, so share repurchases at $40 per share can provide a significant benefit. Read the full article on Seeking AlphaSeeking Alpha • Feb 21
Matador Resources: 2025 Free Cash Flow May Approach $1.1 Billion
Summary Matador is projected to generate $1.083 billion in free cash flow at the current strip. Matador increased its quarterly dividend to $0.3125 per share, a 25% increase from its prior dividend. It appears to have potential room for further dividend increases in 2025. Matador's Q4 2024 results and 2025 guidance were largely in-line with my prior expectations. It has made progress in continuing to reduce D&C costs. Read the full article on Seeking AlphaSeeking Alpha • Jan 19
Matador Resources Could Be Your Next Oil And Gas Winner
Summary Matador's recent growth has been driven primarily by efficiency gains and the acquisition of high-quality acreage. Valuation is attractive relative to the company's own recent history and that of peers like Diamondback Energy, Devon Energy, Permian Resources,.and EOG Resources. Despite a low forward dividend yield, Matador's low payout ratio and rapid CAGR make it attractive for long-term investors. Read the full article on Seeking AlphaSeeking Alpha • Oct 25
Matador Resources Expects Over 200,000 BOEPD In 2025 Production
Summary Matador expects to produce over 200,000 BOEPD in 2025. This is driven by solid operational performance plus its Ameredev acquisition. MTDR is projected to generate over $7 per share in 2025 free cash flow at the current strip. It appears to have the capacity to continue increasing its dividend. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$483m |
| Dec 31 2025 | US$10m | US$2m | US$759m |
| Sep 30 2025 | n/a | n/a | US$781m |
| Jun 30 2025 | n/a | n/a | US$853m |
| Mar 31 2025 | n/a | n/a | US$932m |
| Dec 31 2024 | US$8m | US$2m | US$885m |
| Sep 30 2024 | n/a | n/a | US$925m |
| Jun 30 2024 | n/a | n/a | US$941m |
| Mar 31 2024 | n/a | n/a | US$877m |
| Dec 31 2023 | US$8m | US$1m | US$846m |
| Sep 30 2023 | n/a | n/a | US$845m |
| Jun 30 2023 | n/a | n/a | US$919m |
| Mar 31 2023 | n/a | n/a | US$1b |
| Dec 31 2022 | US$9m | US$1m | US$1b |
| Sep 30 2022 | n/a | n/a | US$1b |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$731m |
| Dec 31 2021 | US$9m | US$1m | US$585m |
| Sep 30 2021 | n/a | n/a | US$281m |
| Jun 30 2021 | n/a | n/a | -US$199m |
| Mar 31 2021 | n/a | n/a | -US$658m |
| Dec 31 2020 | US$2m | US$1m | -US$593m |
| Sep 30 2020 | n/a | n/a | -US$480m |
| Jun 30 2020 | n/a | n/a | -US$160m |
| Mar 31 2020 | n/a | n/a | US$230m |
| Dec 31 2019 | US$8m | US$1m | US$88m |
Compensation vs Market: Joseph's total compensation ($USD9.78M) is about average for companies of similar size in the US market ($USD8.38M).
Compensation vs Earnings: Joseph's compensation has been consistent with company performance over the past year.
CEO
Joseph Foran (74 yo)
23yrs
Tenure
US$9,775,611
Compensation
Mr. Joseph Wm. Foran co-founded Matador Resources Company in July 2003 and has been Chairman and Chief Executive Officer since July 2003 and served as its President from July 2003 to November 18, 2013 and...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 23yrs | US$9.78m | 3.51% $ 223.5m | |
| Co-President – Land | no data | US$4.67m | 0.24% $ 15.3m | |
| Co-President | 4.3yrs | US$4.45m | 0.069% $ 4.4m | |
| Executive Vice President of Midstream | 1.1yrs | US$4.38m | 0.079% $ 5.0m | |
| Executive VP & CFO | less than a year | no data | 0.10% $ 6.5m | |
| Executive VP & COO | less than a year | no data | 0.077% $ 4.9m | |
| VP & Chief Accounting Officer | 1.1yrs | no data | 0.0099% $ 629.2k | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Executive Vice President of Personnel & Asset Manager | 1.1yrs | no data | no data | |
| Executive Vice President of Reservoir Engineering & Senior Asset Manager | 6.8yrs | no data | 0.092% $ 5.8m | |
| Executive Vice President of Land | 5.8yrs | no data | no data | |
| Executive Vice President of Drilling | 2.8yrs | no data | no data |
1.9yrs
Average Tenure
41yo
Average Age
Experienced Management: MTDR's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 23yrs | US$9.78m | 3.51% $ 223.5m | |
| Independent Director | 9.4yrs | US$309.95k | 0.060% $ 3.8m | |
| Deputy Lead Independent Director | 9.8yrs | US$384.95k | 0.041% $ 2.6m | |
| Lead Independent Director | 8.5yrs | US$409.95k | 0.072% $ 4.6m | |
| Independent Director | 12.1yrs | US$384.95k | 0.11% $ 7.1m | |
| Independent Director | 10.1yrs | US$334.95k | 0.019% $ 1.2m | |
| Independent Director | 2.5yrs | US$309.95k | 0.0087% $ 556.6k | |
| Independent Director | 6.8yrs | US$319.95k | 0.034% $ 2.1m | |
| Director | 3.1yrs | US$354.30k | 0.062% $ 4.0m | |
| Independent Director | 1.5yrs | US$332.92k | 0.036% $ 2.3m |
9.0yrs
Average Tenure
67.5yo
Average Age
Experienced Board: MTDR's board of directors are considered experienced (9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/12 00:56 |
| End of Day Share Price | 2026/07/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Matador Resources Company is covered by 41 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Robertson | Barclays |
| Subhasish Chandra | Benchmark Company |
| Randy Ollenberger | BMO Capital Markets Equity Research |