Matador Resources Company Reports Third Quarter 2026 Results Including Record Oil Production and Continued Debt Repayment
Key Highlights
- ➤Q3 production 230,470 BOE/day, up 10% year over year
- ➤Q3 CapEx $381.4 million, 10% below guidance midpoint
- ➤2026 production guidance raised to 223,000–224,000 BOE/day
- ➤Matador repaid over $150 million borrowings in Q4 2026
- ➤Annual dividend increased 17% to $1.75 per share
- ➤Midstream EBITDA expected to approach $400 million, up 17% in 2026
Expert Statements
Joseph Wm. Foran, Founder, Chairman and CEO of Matador Resources Company
“The Company's third quarter results beat our expectations handily.”
Joseph Wm. Foran, Founder, Chairman and CEO of Matador Resources Company
“We now expect our leverage ratio to approach 1.5x by year-end 2026.”
Joseph Wm. Foran, Founder, Chairman and CEO of Matador Resources Company
“Matador’s annual dividend increased to $1.75 per share per year—a 17% increase from our prior annual dividend of $1.50 per share.”
Joseph Wm. Foran, Founder, Chairman and CEO of Matador Resources Company
“We expect this upward revenue trend will continue, supported by natural gas production growth and improved natural gas pricing provided by the Hugh Brinson pipeline when compared to Waha prices.”
Joseph Wm. Foran, Founder, Chairman and CEO of Matador Resources Company
“In fact, we expect Matador’s overall cost per completed lateral foot to remain unchanged from our February 2026 guidance range of $785 to $805 for full year 2026.”
Joseph Wm. Foran, Founder, Chairman and CEO of Matador Resources Company
“This expansion, together with the integration of the recently acquired Cardinal Midstream assets, are expected to provide sustainable long-term throughput volume growth and increased utilization of San Mateo’s integrated natural gas processing and midstream infrastructure.”
Joseph Wm. Foran, Founder, Chairman and CEO of Matador Resources Company
“2026 has been a transformational year for Matador and we thank our board, employees in Dallas and the field and all others who took part in the successful execution of four of Matador’s strategic catalysts in 2026, which were: 1. Federal lease sale in May, 2. San Mateo’s acquisition of Cardinal Midstream in July, 3. Paloma acquisition in October, and 4. Woodford discovery and the completion of the Ridge Runner acquisitions in October.”
Joseph Wm. Foran, Founder, Chairman and CEO of Matador Resources Company
“In view of Matador’s growing acreage position, similar to 2026, Matador estimates it could deliver mid-single digit growth or better in full-year 2027 as compared to full-year 2026 based on current commodity pricing and oilfield service costs.”
Matador Resources Company Reports Third Quarter 2026 Results Including Record Oil Production and Continued Debt Repayment
Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported financial and operating results for the third quarter of 2026. A slide presentation summarizing the details of this release is included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.
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