12 High Growth Oil Stocks to Buy

9. Matador Resources Company (NYSE:MTDR)

Revenue growth past 5 years: 28.93%

Matador Resources Company (NYSE:MTDR) is an independent energy firm focused on the exploration, development, production, and acquisition of oil and natural gas resources in the United States.

In December 2024, the company completed the contribution of its subsidiary, Pronto Midstream, LLC, to San Mateo Midstream, LLC, aiming to streamline midstream operations and enhance efficiency. Additionally, Matador Resources Company (NYSE:MTDR) secured an increase in its borrowing base under its credit facility, improving its financial flexibility and supporting future growth. These strategic developments reinforce the company’s commitment to optimizing its Delaware Basin operations while maintaining a strong balance sheet.

Matador Resources Company (NYSE:MTDR) delivered a record-setting full-year 2024, with net income of $885.3 million up 5% from 2023 and Adjusted EBITDA of $2.3 billion up 24% from 2023. The company generated $2.25 billion in operating cash flow, a 20% increase year over year, and $807.3 million in adjusted free cash flow, a 75% jump year over year. Matador Resources Company (NYSE:MTDR)’s production surged, averaging 170,751 barrels of oil equivalent per day for the year, up 20% from the previous year, with oil production at 99,808 barrels per day, a 32% increase.