Earnings Releases·Nov 3, 2026, 5:12 PM ET

Matador Resources Company — Third Quarter 2026 Earnings Summary

Oil and natural gas revenues surged 51% year-over-year to $1.22 billion, driven by a 10% production increase and significantly higher realizations, while adjusted EBITDA rose to $738.3 million and adjusted free cash flow reached $287.6 million.
Full-year 2026 production guidance was raised to 223,000–224,000 BOE per day, and total capital expenditure guidance increased to $1.67–$1.73 billion, with management projecting mid-single digit production growth in 2027.
Strategic capital allocation included a $150 million debt repayment completed in October, an 8th consecutive dividend increase raising the annual rate to $1.75 per share, and the recent acquisitions of Cardinal Midstream, Paloma, and Ridge Runner assets.
Operational efficiency improved with well costs down 6% to $804 per foot and total capital expenditures 19% lower than the prior year, though operating expenses slightly exceeded the guidance midpoint due to higher midstream costs.