MTDR — what changed in the latest 10-Q
A section-by-section comparison of MTDR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-08 vs the prior 10-Q · 2025-10-24
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +65 | −75 | ~23 | 32 |
| Market risk (Item 3) | Text added/removed | +1 | −1 | ~3 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-08
For a definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to our net (loss) income and net cash provided by operating activities, see “—Liquidity and Capital Resources—Non-GAAP Financial Measures.” For more information regarding our financial results for the three months ended Marc…
Our 2026 estimated capital expenditure budget consists of $1.35 to $1.44 billion for drilling, completing and equipping (“D/C/E”) capital expenditures and $100.0 to $110.0 million for midstream capital expenditures, which includes our proportionate share of San Mateo’s estimated 2026 capital expendi…
Matador’s Board of Directors (the “Board”) declared and paid quarterly cash dividends of $0.375 per share of common stock in the first quarter of 2026. On April 22, 2026, the Board declared a quarterly cash dividend of $0.375 per share of common stock payable on June 5, 2026 to shareholders of recor…
In March 2026, we completed the repurchase of an aggregate principal amount of $419.8 million of the $500.0 million of outstanding senior notes due 2028 (the “2028 Notes”) as part of our cash tender offer announced on February 26, 2026 (the “2028 Notes Tender Offer”). Additionally, in March 2026, we…
Additionally, in March 2026, we completed the sale of $750.0 million in aggregate principal amount of our 6.00% senior notes due 2034 (the “2034 Notes”). We used the net proceeds from the sale of the 2034 Notes (the “2034 Notes Offering”) of $737.9 million, after deducting initial purchasers’ discou…
Text removed vs the prior filing · source: 10-Q · 2025-10-24
For the nine months ended September 30, 2025, we reported net income attributable to Matador shareholders of $566.7 million, or $4.54 per diluted common share, on a GAAP basis, as compared to net income attributable to Matador shareholders of $670.8 million, or $5.44 per diluted common share, for th…
For a definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to our net income and net cash provided by operating activities, see “—Liquidity and Capital Resources—Non-GAAP Financial Measures.” For more information regarding our financial results for the three and nine months ended Se…
On October 21, 2025, we increased our estimated drilling, completing and equipping (“D/C/E”) capital expenditures for 2025 to a range of $1.47 to $1.55 billion from a range of $1.18 to $1.37 billion. On October 21, 2025, we also adjusted our estimated midstream capital expenditures for 2025 to a ran…
Matador’s Board of Directors (the “Board”) declared quarterly cash dividends of $0.3125 per share of common stock in each of the first, second and third quarters of 2025. On October 15, 2025, the Board amended our dividend policy to increase the quarterly dividend to $0.375 per share of common stock…
On April 16, 2025, the Board authorized a share repurchase program (the “Share Repurchase Program”) of up to $400.0 million of common stock. During the three and nine months ended September 30, 2025, the Company repurchased 137,161 and 1,232,828 shares of common stock under the Share Repurchase Prog…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-08
We record all derivative financial instruments at fair value, which is determined using purchase and sale information available for similarly traded securities. Additionally, we have considered the credit standing of the counterparties in determining the fair value of our derivative financial instru…
Text removed vs the prior filing · source: 10-Q · 2025-10-24
We record all derivative financial instruments at fair value. The fair value of our derivative financial instruments is determined using purchase and sale information available for similarly traded securities. At September 30, 2025, Bank of America, PNC Bank, Truist Bank, The Bank of Nova Scotia, Ro…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice