Watch for execution of the 2026 plan that delivers production growth while reducing capex, which would validate management's efficiency claims. Monitor progress on the Hugh Brinson pipeline startup in Q3 2026, as improved natural gas pricing could provide significant incremental revenue. The midstream growth and potential combination of assets could create additional value.
Price Chart
Executive Summary
Matador Resources reported record fourth quarter and full year 2025 results, achieving 9% reserve growth and a 173% reserve replacement ratio. The company provided 2026 guidance projecting 3% oil production growth while reducing capital expenditures by 11%, driven by improved operating efficiencies. Key catalysts include the upcoming Hugh Brinson pipeline, which will provide access to higher-priced natural gas markets, and continued midstream value realization.
Key Financial Metrics
Key Facts
- Record 2025 production of 211,290 BOE/day in Q4, up 1% sequentially and 5% YoY
- 2026 guidance calls for 3% oil production growth to 122,000-124,000 bbl/day while reducing total capex by 11% to $1.45-$1.55B
- Proved reserves grew 9% to 667.0 million BOE with a 173% reserve replacement ratio
- Secured 500 MMBtu/day of firm transportation on Energy Transfer's Hugh Brinson pipeline, expected to begin service in Q3 2026
- Midstream assets generated $332M in Adjusted EBITDA in 2025, with 2026 guidance of $360M (+8%)
Financial Impact
3% production growth with 11% capex reduction in 2026, $360M midstream EBITDA guidance
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Oil and Natural Gas | $702.8M | -21.4% |
| Midstream | $277.9M | +18.7% |
Risk Factors
- Execution risk on 2026 production and capex guidance
- Delays in Hugh Brinson pipeline startup could defer gas pricing benefits
- Commodity price volatility could impact hedged results
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-011137 |
| Document: mtdr-20260224.htm | 0001628280-26-011137 |
| Document: 0001628280-26-011137-index-headers.html | 0001628280-26-011137 |
| Document: 0001628280-26-011137-index.html | 0001628280-26-011137 |
| Document: 0001628280-26-011137.txt | 0001628280-26-011137 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 4d ago | 8-K | $56.79 | awaiting T+60 | — | $59.96 (+5.58%) |
Oct 5, 2026 21d ago | 8-K | $53.01 | awaiting T+60 | — | $59.96 (+13.11%) |
Aug 31, 2026 8w ago | Insider Cluster | $58.01 | awaiting T+60 | — | $59.96 (+3.36%) |
Aug 14, 2026 10w ago | Insider Cluster | $53.69 | awaiting T+60 | — | $59.96 (+11.68%) |
Aug 12, 2026 10w ago | Insider Cluster | $52.51 | awaiting T+60 | — | $59.96 (+14.19%) |
Jul 24, 2026 13w ago | 8-K | $50.81 $57.38 | ▲ +12.93% | ▲ +9.64% | $59.96 (+18.01%) |
Jun 17, 2026 18w ago | Insider Cluster | $49.56 $61.18 | ▲ +23.45% | ▲ +21.55% | $59.96 (+20.98%) |
Jun 16, 2026 18w ago | 8-K | $50.40 $61.05 | ▲ +21.13% | ▲ +17.98% | $59.96 (+18.97%) |
Jun 11, 2026 19w ago | Institutional Cluster | $53.62 $59.15 | ▲ +10.31% | ▲ +5.92% | $59.96 (+11.82%) |
Jun 11, 2026 19w ago | Insider Cluster | $53.62 $59.15 | ▲ +10.31% | ▲ +5.92% | $59.96 (+11.82%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers