Matador Resources Company Reports Third Quarter 2026 Results Including Record Oil Production and Continued Debt Repayment
Matador delivered record Q3 2026 results with oil and natural gas revenue up 51% year-over-year to $1.22 billion, driven by record production of 230,470 BOE per day (+10% YoY) that beat guidance by 3%. The quarter also showed capital discipline: CapEx of $381 million came in 10% below guidance midpoint, and the company repaid $150 million of debt in October, $50 million more than previously announced, with leverage expected to approach 1.5x by year-end. Matador raised the midpoint of FY26 production guidance to 223,000-224,000 BOE per day (7% growth) and increased its annual dividend 17% to $1.75 per share -- its eighth dividend increase in five years.
Key figures
- Eps
- 1.39
- Revenue
- 1222121000
- Guidance
- FY26 total production raised to 223,000-224,000 BOE/d (7% YoY growth); total CapEx narrowed to $1.67-$1.73B; midstream CapEx midpoint raised from $155M to $180M; mid-single-digit-or-better production growth expected in 2027
- Revenue Yoy
- 51%
- Capex q3
- 381400000
- Buyback q3
- $12 million (253,603 shares at ~$47.64)
- Net income
- 172100000
- Adjusted eps
- 2.08
- Adjusted fcf
- 287600000
- Reserves yoy
- 16%
- Reserves mboe
- 771000000
- Debt repaid q4
- $150 million in October 2026
- Production yoy
- 10%
- Adjusted ebitda
- 738300000
- Leverage target
- approaching 1.5x by year-end 2026
- Capex vs guidance
- 10% below midpoint
- Dividend increase
- 17%
- Adjusted net income
- 257500000
- Production boe per day
- 230470
- Dividend annual per share
- 1.75
- Well cost per lateral foot
- 804
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.