The credit facility expansion signals strong lender support and provides additional financial flexibility for capex or potential acquisitions. Monitor future borrowing base redeterminations and any drawdowns on the facility for signs of increased leverage.
Price Chart
Executive Summary
Matador Resources amended its secured revolving credit facility on June 10, 2026, reaffirming the borrowing base at $3.25 billion and increasing aggregate elected commitments from $2.25 billion to $2.75 billion. The amendment also added new lenders and reallocated commitments among existing lenders. The annual meeting shareholder votes were routine and non-material.
Key Financial Metrics
Key Facts
- Borrowing base reaffirmed at $3.25 billion as part of the regularly scheduled May 1 redetermination.
- Aggregate elected commitments increased from $2.25 billion to $2.75 billion.
- New lenders added and existing lender commitments reallocated; total revolving credit commitments (including unused commitments) are $3.5 billion.
- Shareholders elected three Class III directors and ratified KPMG as auditor for 2026.
- No Default or Event of Default was continuing as of the amendment date.
Financial Impact
Increase in available revolving credit capacity by $500 million to $2.75 billion elected commitments; borrowing base unchanged at $3.25 billion.
Risk Factors
- Higher total commitments could lead to increased leverage if fully drawn.
- Secured facility requires collateral coverage; any decline in reserve values could trigger borrowing base reductions.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001520006-26-000029 |
| Document: mtdr-20260610.htm | 0001520006-26-000029 |
| Document: 0001520006-26-000029-index-headers.html | 0001520006-26-000029 |
| Document: 0001520006-26-000029-index.html | 0001520006-26-000029 |
| Document: 0001520006-26-000029.txt | 0001520006-26-000029 |
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
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