Matador Resources outlined its strategy for production growth and free-cash-flow generation at a Chicago conference, projecting approximately $900 million in free cash flow for 2026 while continuing to increase production. The company, primarily a Delaware Basin operator, has expanded its footprint by adding 17,000 net acres through leasing, trades, and acquisitions, including positions that extend laterals and provide exposure to formations such as Woodford and Second Bone Spring Carbonate. Matador has reduced drilling and completion costs per lateral foot by 12% since 2024, and its integrated midstream business, including its 51% stake in San Mateo Midstream, is expected to generate nearly $400 million of EBITDA in 2026. Management is evaluating ways to unlock midstream value, including entity-level debt or a potential IPO. Founder and CEO Joe Foran remains at the helm, and the company has raised its dividend seven times over five years and repurchased about 1.8 million shares since April 2025.
Matador Resources CompanyCompany projects $900M free cash flow in 2026 and has reduced costs, indicating strong financial performance.
Midstream business expected to generate nearly $400M EBITDA in 2026, with potential IPO or debt to unlock value.
