• Matador Resources average return on tangible equity for 2023 was 27.69, a 34.92% decline from 2022.
• Matador Resources average return on tangible equity for 2022 was 42.55, a 4271.57% decline from 2021.
• Matador Resources average return on tangible equity for 2021 was -1.02, a 92.63% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.