Matador Resources Co (MTDR) Form 8-K — Nov 3, 2026
Matador Resources reported strong Q3 2026 results with record oil production of 230,470 BOE per day, up 10% year over year and 3% above guidance midpoint, while oil and natural gas revenues jumped 51% to $1.22 billion. Adjusted EPS of $2.08 beat the year-ago $1.36 by 53%, adjusted EBITDA reached $738.3 million, and Q3 CapEx of $381 million came in 10% below the guidance midpoint. Reserves grew 16% to 771 million BOE.
Key figures
- Eps
- $1.39 diluted GAAP EPS; $2.08 adjusted diluted EPS
- Revenue
- $1.22 billion oil and natural gas revenues (Q3 2026)
- Guidance
- Full-year 2026 total production raised to 223,000-224,000 BOE/d; total CapEx $1.67-$1.73 billion; expects leverage to approach 1.5x by year-end 2026
- Net Income
- $172.1 million net income attributable to shareholders (Q3 2026)
- Total Debt
- Approximately $4.97 billion ($647.3M San Mateo term loan current, $951M Credit Agreement, $1,002M San Mateo revolver, $2,367.6M senior notes)
- Revenue Yoy
- +51% oil and natural gas revenue vs Q3 2025 ($810 million to $1.22 billion)
- Total Assets
- 14693313000
- Cash Position
- $11.76 million cash plus $58.36 million restricted cash at 9/30/2026
- Shares Outstanding
- 123748440
- Well costs
- $804 per completed lateral foot
- Capex q3 2026
- $381.4 million (10% below guidance midpoint)
- Buyback q3 2026
- 253,603 shares for $12 million at ~$47.64 average
- Dividend annual
- $1.75 per share (+17% from $1.50)
- Proved reserves
- 771 million BOE (+16% from 667 million BOE at 12/31/2025)
- Production q3 2026
- 230,470 BOE/d (+10% YoY, +3% vs guidance midpoint)
- Adjusted ebitda q3 2026
- $738.3 million
- Debt repaid october 2026
- $150 million
- Adjusted free cash flow q3 2026
- $287.6 million
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