Matador Resources Company (MTDR)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	1,032,100	1,054,822	1,228,007	1,557,713	1,613,563	1,566,855	1,312,269	871,845	659,678	279,982	-166,512	-741,005	-638,804	-512,904	-205,894	306,955	123,309	218,115	178,466	188,662
Revenue (ttm)	US$ in thousands	2,806,785	2,678,128	2,746,762	3,052,609	3,058,025	2,916,908	2,548,331	1,961,828	1,662,981	1,320,858	1,051,893	757,386	862,126	926,566	1,002,582	1,181,366	983,670	984,869	912,645	882,308
Pretax margin		36.77%	39.39%	44.71%	51.03%	52.76%	53.72%	51.50%	44.44%	39.67%	21.20%	-15.83%	-97.84%	-74.10%	-55.36%	-20.54%	25.98%	12.54%	22.15%	19.55%	21.38%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,032,100K ÷ $2,806,785K
= 36.77%

Matador Resources Co's pretax margin has shown variability over the past eight quarters. The pretax margin ranged from 43.07% to 56.15% in 2023, compared to a range of 46.8% to 58.01% in 2022. During the latest quarter, Q4 2023, the pretax margin was 43.07%, indicating a decrease from the previous quarter's 44.18%. This downward trend may suggest potential challenges in managing operating expenses or generating revenue. However, it is essential to consider other factors such as industry dynamics and economic conditions that could influence the company's profitability. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of Matador Resources Co's financial performance.