Matador Resources Company (MTDR)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	846,074	845,327	919,160	1,170,212	1,214,206	1,175,204	1,041,260	731,447	584,968	280,724	-198,968	-658,289	-593,205	-479,732	-159,715	230,453	87,777	200,471	174,312	197,366
Total stockholders’ equity	US$ in thousands	3,910,860	3,662,720	3,402,860	3,252,850	3,110,800	2,858,810	2,529,170	2,118,600	1,907,210	1,688,010	1,479,760	1,359,400	1,286,530	1,371,930	1,643,830	1,991,350	1,833,650	1,795,310	1,736,480	1,690,820
ROE		21.63%	23.08%	27.01%	35.97%	39.03%	41.11%	41.17%	34.53%	30.67%	16.63%	-13.45%	-48.42%	-46.11%	-34.97%	-9.72%	11.57%	4.79%	11.17%	10.04%	11.67%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $846,074K ÷ $3,910,860K
= 21.63%

Matador Resources Co has demonstrated a fluctuating trend in its return on equity (ROE) over the past eight quarters. The ROE ranged from a low of 21.63% in Q4 2023 to a high of 41.17% in Q2 2022. The company's ROE peaked in Q4 2022 at 41.11% before experiencing a gradual decline in subsequent quarters.

Overall, Matador Resources Co's ROE performance has shown some volatility, with variations in profitability levels over the analyzed period. It is crucial for stakeholders to closely monitor the factors influencing these fluctuations to assess the company's financial health and operational efficiency accurately.