Matador Resources Co (MTDR) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Oil and natural gas revenues	2,905.7	1,700.5	744.5	892.3	800.7	528.7
Sales of purchased natural gas	200.4	86.0	41.7	74.8	7.1
Third-party midstream services revenues	90.6	75.5	64.9	59.1	21.9	10.2
Other			11.0		69.9	5.4
Total revenues [+]	3,058.0	1,663.0	862.1	983.7	899.6	544.3	264.4	318.0
Oil & gas sales								278.3
Natural gas midstream								1.9
Revenue growth [+]	83.9%	92.9%	-12.4%	9.3%	65.3%	105.8%	-16.9%	-26.4%
Oil and natural gas revenues	70.9%	128.4%	-16.6%	11.4%	51.5%
Sales of purchased natural gas	132.9%	106.1%	-44.2%	957.4%
Third-party midstream services revenues	20.0%	16.3%	9.8%	169.7%	114.9%
Cost of goods sold	95.5	61.5	41.5	318.6	202.1	139.9	5.4	54.7
Gross profit	2,962.5	1,601.5	820.6	665.1	697.5	404.4	259.0	263.3
Gross margin	96.9%	96.3%	95.2%	67.6%	77.5%	74.3%	98.0%	82.8%
Selling, general and administrative [+]	116.2	96.4	62.6	80.1	69.3	66.0	55.1	50.1
General and administrative	116.2	96.4	62.6	80.1	69.3	66.0	55.1	50.1
Other operating expenses	622.0	367.5	235.8				-6.8	39.0
EBITDA [+]	2,224.3	1,137.7	522.2	585.1	628.2	338.4	210.8	174.3
EBITDA growth	95.5%	117.8%	-10.7%	-6.9%	85.7%	60.5%	21.0%	-44.7%
EBITDA margin	72.7%	68.4%	60.6%	59.5%	69.8%	62.2%	79.7%	54.8%
Depreciation and amortization	466.3	344.9	361.8	350.5	265.1	177.5	122.0	178.8
EBIT [+]	1,758.0	792.7	160.4	234.5	363.1	160.9	88.7	-4.6
EBIT growth	121.8%	394.2%	-31.6%	-35.4%	125.7%	81.3%	-2034.2%	-102.5%
EBIT margin	57.5%	47.7%	18.6%	23.8%	40.4%	29.6%	33.6%	-1.4%
Non-recurring items [+]	-1.3	-0.3	681.9	-1.0	-0.2	0.0	265.9	802.1
Asset impairment	-1.3	-0.3	681.9	-1.0	-0.2	0.0	265.9	802.1
Interest expense	67.2	74.7	76.7	73.9	41.3	34.6	28.2	21.8
Interest expense	67.2	74.7	76.7	73.9	41.3	34.6	28.2	21.8
Other income (expense), net [+]	-6.4	-3.0	-1.0	-3.1	-29.9	3.6	107.3	1.5
Gain (loss) on derivative instruments	-157.5	-220.1	38.9	9.5	2.3	-4.3	9.3	77.1
Unrealized gain/loss on derivatives	18.8	21.0	-32.0	-53.7	65.1	9.7	-41.2	-39.3
Other	-5.1	-2.7	1.9	-2.1	1.6	3.6	0.0	-0.6
Pre-tax income	1,685.7	715.3	-599.2	158.5	292.1	129.9	-98.1	-826.9
Income taxes	399.4	74.7	-45.6	35.5	-7.7	-8.2	-1.0	-147.4
Tax rate	23.7%	10.4%	7.6%	22.4%			1.1%	17.8%
Minority interest	72.1	55.7	39.6	35.2	25.6	12.1	0.4	-0.3
Net income	1,214.2	585.0	-593.2	87.8	274.2	125.9	-97.4	-679.5
Net margin	39.7%	35.2%	-68.8%	8.9%	30.5%	23.1%	-36.8%	-213.7%

Basic EPS [+]	$10.28	$5.00	($5.11)	$0.75	$2.41	$1.23	($1.07)	($8.33)
Growth	105.6%	-197.8%	-778.6%	-68.8%	95.7%	-215.6%	-87.2%	-628.5%
Diluted EPS [+]	$10.11	$4.91	($5.11)	$0.75	$2.41	$1.23	($1.07)	($8.33)
Growth	105.9%	-196.1%	-781.6%	-68.9%	96.5%	-215.0%	-87.2%	-633.5%

Dividends per share [+]	$0.73	$0.53	$0.39	$0.34	$1.07	$0.10
Growth	37.4%	34.9%	16.7%	-68.6%	986.7%

Shares outstanding (basic) [+]	118.1	117.0	116.1	116.6	113.6	102.0	91.3	81.5
Growth	1.0%	0.8%	-0.4%	2.6%	11.3%	11.8%	11.9%	16.1%
Shares outstanding (diluted) [+]	120.1	119.2	116.1	117.1	113.7	102.5	91.3	81.5
Growth	0.8%	2.7%	-0.8%	3.0%	10.9%	12.3%	11.9%	15.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.