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Matador Resources Co (Matador Resources Co) EBIT : $1,286 Mil (TTM As of Mar. 2024)


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What is Matador Resources Co EBIT?

Matador Resources Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $320 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,286 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Matador Resources Co's annualized ROC % for the quarter that ended in Mar. 2024 was 13.15%. Matador Resources Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 17.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Matador Resources Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.69%.


Matador Resources Co EBIT Historical Data

The historical data trend for Matador Resources Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Matador Resources Co EBIT Chart

Matador Resources Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 232.39 -522.47 790.03 1,752.84 1,217.91

Matador Resources Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 251.77 268.63 328.40 369.11 319.53

Competitive Comparison of Matador Resources Co's EBIT

For the Oil & Gas E&P subindustry, Matador Resources Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Matador Resources Co's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Matador Resources Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Matador Resources Co's EV-to-EBIT falls into.



Matador Resources Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,286 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Matador Resources Co  (NYSE:MTDR) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Matador Resources Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1266.412 * ( 1 - 23.85% )/( (7076.3 + 7590.92)/ 2 )
=964.372738/7333.61
=13.15 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7726.996 - 620.099 - ( 52.662 - max(0, 685.275 - 715.872+52.662))
=7076.3

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8227.329 - 733.615 - ( 23.208 - max(0, 851.341 - 754.135+23.208))
=7590.92

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Matador Resources Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1278.12/( ( (6956.441 + max(-57.167, 0)) + (7378.85 + max(-163.192, 0)) )/ 2 )
=1278.12/( ( 6956.441 + 7378.85 )/ 2 )
=1278.12/7167.6455
=17.83 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(437.852 + 41.808 + 148.448) - (620.099 + 19.954 + 45.222)
=-57.167

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(485.695 + 39.927 + 162.527) - (733.615 + 37.725 + 80.001)
=-163.192

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Matador Resources Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1285.663/10131.451
=12.69 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Matador Resources Co EBIT Related Terms

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Matador Resources Co (Matador Resources Co) Business Description

Traded in Other Exchanges
Address
5400 LBJ Freeway, Suite 1500, One Lincoln Centre, Dallas, TX, USA, 75240
Matador Resources Co is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources. The majority of the company's assets are located in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Along with maintaining a portfolio of oil and natural gas properties, Matador works to identify and develop midstream opportunities that support and enhance its exploration and development business. The company often uses advanced formation evaluation, 3-D seismic technology, horizontal drilling, and hydraulic fracturing technology to enhance the development of the basins in which it operates.
Executives
Shelley F Appel director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Robert T Macalik officer: VP, Chief Accounting Officer 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Timothy E. Parker director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Robert Gaines Baty director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Joseph Wm Foran director, officer: Chairman, CEO and President 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
William M Byerley director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Monika U Ehrman director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Billy E Goodwin officer: SVP - Operations 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
William Thomas Elsener officer: EVP, Reservoir Engineering 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Reynald Baribault director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Michael D Frenzel officer: SVP, Treasurer (PFO) 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Brian J Willey officer: SVP, President of Midstream 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Craig N Adams officer: VP and General Counsel 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
James M Howard director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Craig T Burkert director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240