Matador Resources Company

Matador Resources Company Increases Quarterly Cash Dividend

Matador Resources raised its fixed quarterly dividend 17% to $0.4375 per share ($1.75 annualized), beginning with the Q4 2026 payment. The board declared the increased dividend payable December 4, 2026 to shareholders of record as of November 10, 2026. CEO Joseph Wm. Foran called it the eighth increase in five years, framing it as evidence of confidence in free cash flow generation and debt repayment.

•5d ago

Matador Resources Company Closes Ridge Runner Acquisition and Provides Updated Woodford Production and Activity Details

Matador closed its Ridge Runner Acquisition, adding approximately 13,600 net acres mostly of undeveloped Woodford acreage and bringing its total Woodford position to roughly 50,000 net acres at an average cost of $4,000 per acre. The acreage adds over 150 net operated Woodford locations at about $1.3 million per location, and the Rae's Creek well has averaged over 1,000 barrels of oil per day in its first 100 days, tracking to beat its 800,000-barrel EUR. Matador plans a second Woodford well in Q4 2026 and up to 15 wells by year-end 2027, targeting 30-40% Woodford well-cost savings, and expects $350-$400 million of debt repayments by end of year.

•18d ago

MTDR: 8-K · acquisition merger

Matador Resources (NYSE: MTDR) closed its previously announced acquisition of Paloma Permian LLC, a portfolio company of EnCap Investments, on October 1, 2026, paying an as-adjusted cash purchase price of approximately $1.255 billion (original price $1.275 billion subject to adjustments). The acquisition adds over 156 net drilling locations across nine or more targeted benches, 59 approved drilling permits, and approximately 16,500 net primarily undeveloped acres in Eddy and Lea Counties, New Mexico — the majority held by production. Matador expects to begin drilling operations on up to 25 wells on Paloma acreage by year-end 2027. CEO Joseph Foran noted that since June 1, 2026, production from the acquired wells has outperformed Matador's underwriting estimates by approximately 10%. With Paloma plus the pending Ridge Runner acquisition, Matador expects roughly 240,000 net Delaware Basin acres in Q4 2026 — nearly 20% above its October 2025 position of 203,000 net acres. Matador expects to pay down its PNC-led reserves-based lending facility by approximately $350-400 million following the Q4 closings, depending on commodity prices, with Q3 earnings and further Paloma detail expected in early November.

SEC 8-K•21d ago

Matador Resources Company Closes Paloma Acquisition and Provides Additional Integration Details

Matador Resources closed its $1.255 billion cash acquisition of Paloma Permian LLC from EnCap Investments, adding 16,500 net acres and 156+ net drilling locations in New Mexico's Delaware Basin. Since June 1, 2026, production on the acquired acreage has outperformed Matador's underwriting estimates by roughly 10%, driven by Paloma's newest Eddy County wells. With Paloma plus the pending Ridge Runner deal, Matador expects roughly 240,000 net Delaware Basin acres in Q4 2026 — nearly 20% above its October 2025 position of 203,000 net acres. The company plans to pay down $350-400 million on its PNC-led credit facility after Q4 closings, supporting free cash flow and debt-reduction plans.

•25d ago

MTDR: 10-Q · periodic report

Matador Resources (NYSE: MTDR) reported Q2 2026 net income attributable to shareholders of $390.7 million, or $3.15 per diluted share, up 160% from $150.2 million ($1.21) a year earlier. Total revenues rose 33% year-over-year to $1.19 billion and Adjusted EBITDA climbed to $781.0 million from $594.2 million on average daily production of 215,631 BOE, with unhedged oil realizations up 53% to $98.16/Bbl. The quarter anchors an aggressive consolidation run: Matador closed the $1.16 billion BLM Delaware Basin lease acquisition in May 2026, agreed on July 22 to buy Paloma Permian for $1.275 billion in cash, and its San Mateo midstream JV closed the $752.0 million Cardinal acquisition on July 31, with the Ridge Runner deal also expected to close in Q4 2026. Funding the push is lifting leverage: total long-term debt stood at $4.22 billion at June 30 (vs $3.40 billion at year-end 2025), Credit Agreement commitments were raised to $2.75 billion, and borrowings hit $1.18 billion by August 5. Management raised 2026 D/C&E capex guidance to $1.48-$1.56 billion while maintaining the $0.375 quarterly dividend and repurchasing $11.2 million of stock in the quarter.

SEC 10-Q•2mo ago

Matador Resources Company Reports Second Quarter 2026 Results and Increases Full-Year 2026 Production Guidance

Matador Resources reported record Q2 oil production of 126,106 barrels per day, exceeding guidance, and raised its full-year 2026 oil production outlook to 127,500-129,000 bopd. The company executed four strategic catalysts including the acquisitions of Cardinal Midstream, Paloma Permian, and Ridge Runner Resources, adding approximately four years of high-quality drilling inventory and expanding reserves to 703 million BOE. Financial strength was evident with $303.2 million of adjusted free cash flow, enabling the repayment of over $200 million in borrowings and a $500 million increase in its credit facility to $2.75 billion.

•2mo ago

Matador Resources Company Announces Successful Closing of San Mateo’s Acquisition of Cardinal Midstream

Matador Resources' 51%-owned joint venture, San Mateo Midstream, completed its $752 million acquisition of Cardinal Midstream's operating subsidiaries. The deal adds 320 MMcf/d of natural gas processing capacity and 145 miles of pipelines, increasing San Mateo's total processing capacity to over 1 Bcf/d in the northern Delaware Basin. Cardinal assets are expected to generate up to $110 million in annualized Adjusted EBITDA by 2028, financed through a $650 million term loan and partner contributions without recourse to Matador.

•2mo ago

MTDR: 8-K · acquisition merger

Matador Resources Company announced a definitive agreement to acquire Paloma Permian, LLC and its subsidiaries for $1.275 billion in cash. The transaction includes proved undeveloped acreage and oil and natural gas producing properties located in Eddy and Lea Counties, New Mexico, with an effective date of June 1, 2026. The closing is expected to occur early in the fourth quarter of 2026, subject to customary closing conditions. In a separate transaction, Matador agreed to acquire primarily undeveloped acreage and producing properties from Ridge Runner Resources II, LLC. These assets are located in Lea County, New Mexico and Winkler and Ward Counties, Texas, and are also expected to close in the fourth quarter of 2026 with an effective date of June 1, 2026. The consideration for the Paloma acquisition includes a deposit of $63.75 million into escrow, and the purchase price is subject to customary adjustments for working capital and defects. Matador has obtained a representation and warranty insurance policy to cover breaches of the sellers' representations and warranties.

SEC 8-K•3mo ago

Matador Resources Company Announces Strategic Delaware Basin Acquisitions and Successful Woodford Exploration Well Results

Matador Resources agreed to acquire Paloma Permian for $1.275 billion in cash, adding 16,235 net undeveloped acres in the Delaware Basin and approximately 11,100 barrels of oil equivalent per day of third-quarter production. The transaction includes $816 million of PV-10 value and 55 million BOE of proved reserves, strengthening the company's position in Southeast New Mexico. Simultaneously, Matador is acquiring Ridge Runner Resources to consolidate a 50,000 net acre position in the Woodford play, a move validated by the successful Rae's Creek exploration well. The Rae's Creek well recorded initial production rates exceeding 2,200 BOE per day, confirming commercial viability in this emerging area. Management expects to fund both transactions with cash on hand and borrowings under its existing credit facility, targeting a return to a leverage ratio near 1.0x within 12 to 18 months. The company anticipates generating approximately $1 billion in adjusted free cash flow for full-year 2026 to support this repayment.

•3mo ago

Matador Resources Company Declares Quarterly Cash Dividend

Matador Resources Company declared a quarterly cash dividend of $0.375 per share on its common stock. The dividend is payable on September 8, 2026 to shareholders of record as of August 10, 2026. Matador is an independent energy company focused on the exploration and production of oil and natural gas, primarily in the Delaware Basin and Haynesville shale.

•3mo ago

Matador Resources Company Announces Expansion of San Mateo’s Delaware Basin Footprint Through the Acquisition of Cardinal Midstream

Matador Resources announced that its 51%-owned midstream joint venture, San Mateo, has agreed to acquire Cardinal Midstream for $752 million in cash. The deal adds 320 million cubic feet per day of processing capacity and 145 miles of pipeline, expanding San Mateo’s total capacity to over 1 Bcf/d and 800 miles of gathering. Financing includes a $650 million term loan led by PNC and Truist, with the remainder funded by cash on hand and partner contributions. Matador expects the deal to be cash-neutral for the parent company and immediately accretive to EBITDA.

•3mo ago

MTDR: 8-K · debt financing

Matador Resources Company announced that its subsidiary entered into an Eighth Amendment to its credit agreement, increasing the aggregate elected borrowing commitments from $2.25 billion to $2.75 billion and reaffirming the borrowing base at $3.25 billion. This increase follows a regularly scheduled redetermination and provides the company with enhanced liquidity capacity. The company held its Annual Meeting of Shareholders on June 11, 2026, where shareholders elected Joseph Wm. Foran, Reynald A. Baribault, and Timothy E. Parker as Class III directors. Additionally, shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.

SEC 8-K•4mo ago

Matador Resources Company Provides Strategic Natural Gas Marketing Update

Matador Resources has entered into multiple agreements with Energy Transfer LP affiliates, including a gas supply agreement and separate NGL dedication deals, to improve realized pricing in the second half of 2026. These agreements serve as a bridge to higher-margin markets ahead of the October 2025 start of firm transportation on Energy Transfer’s Hugh Brinson Pipeline, which will move 500,000 MMBtu/day out of the Permian Basin. The strategy aims to reduce exposure to depressed Waha Hub pricing by accessing points of sale with historically higher demand, including AI-driven data centers and power generation markets.

•4mo ago

Matador Resources Company Announces Successful Acquisitions in Federal Lease Sale

Matador Resources acquired 5,154 net undeveloped acres in the core Delaware Basin from the Bureau of Land Management for approximately $1.143 billion. The deal adds over 141 net operated locations with an implied cost of $7.3 million per location, leveraging existing infrastructure and midstream assets like San Mateo. Management expects to fund the acquisition through cash on hand and its credit facility, with full-year 2026 adjusted free cash flow guidance of $1.2 billion supporting rapid paydown.

•5mo ago

Matador Resources Company Declares Quarterly Cash Dividend

Matador Resources Company’s Board of Directors declared a quarterly cash dividend of $0.375 per share. The dividend is payable on June 5, 2026, to shareholders of record as of May 8, 2026.

•6mo ago