Matador Resources Reports Strong Q3 2026 Results Driven by Production Growth and Improved Natural Gas Revenue
Matador Resources (MTDR) reported robust third-quarter 2026 results, highlighted by a 10% year-over-year increase in total production to 230,470 barrels of oil equivalent per day. This growth was primarily driven by new wells coming online in the Delaware Basin. The company also saw a significant turnaround in natural gas revenue, reaching $162 million compared to a negative realization in the previous quarter, aided by the commissioning of the Hugh Brinson pipeline. Financially, Matador demonstrated disciplined capital management, reducing capital expenditures by 19% year-over-year and aggressively repaying debt. Management is targeting total debt repayments of $350 million to $400 million by the end of 2026. Additionally, the company increased its annual dividend by 17% to $1.75 per share, reflecting strong cash flow and a projected 17% increase in San Mateo Adjusted EBITDA for the full year.
Tickers: $MTDR
Topics: debt repayment dividend increase natural gas revenue oil production proved reserves