$MTDR

Matador Resources Signs Natural Gas Supply Agreements With Energy Transfer

Matador Resources (MTDR) entered into multiple agreements with affiliates of Energy Transfer, including a natural gas supply agreement, Matador said Thursday.Matador said it signed separate natural gas liquids agreements with different Energy Transfer affiliates to dedicate and sell NGLs from multiple sources in the Delaware Basin to Energy Transfer.The company said the new gas supply agreement is expected to help bridge the period before its transportation agreement on the Hugh Brinson Pipeline becomes effective and allow it to realize higher natural gas prices for a portion of its production during the second half of the year.

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks advanced late Friday afternoon, with the NYSE Energy Sector Index increasing 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.6%.The Philadelphia Oil Service Sector Index was shedding 0.2%, and the Dow Jones US Utilities Index was up 0.8%.Front-month West Texas Intermediate crude oil rose 0.4% to $96.77 a barrel, and the global benchmark Brent crude contract rose 1.3% to $103.93 a barrel. Henry Hub natural gas futures fell 3.6% to $2.91 per 1 million BTU.In sector news, Intercontinental Exchange (ICE) and OKX said Friday that they are collaborating to launch perpetual futures contracts tied to oil benchmarks. The new perpetual futures contracts will be underpinned by Intercontinental Exchange's Brent Crude and WTI Crude energy benchmarks, the companies said.In corporate news, American Resources' (AREC) minority holding ReElement Technologies formed a joint venture with Posco International to build rare earth and permanent magnet production facilities in the US, the company said Friday. American Resources shares were down 0.2%.Matador Resources (MTDR) shares added 1.2% after the company said Thursday it acquired 5,154 net undeveloped acres in the Delaware Basin for about $1.14 billion in a recent Bureau of Land Management oil and gas lease sale.TotalEnergies (TTE) is considering selling a 50% stake in a portfolio of European renewable energy assets, Bloomberg reported. TotalEnergies shares were down 0.7%.Frontline (FRO) shares fell 3.5% after the company reported Q1 adjusted earnings below analyst expectations.

Sector Update: Energy Stocks Mixed Friday Afternoon

Energy stocks were mixed Friday afternoon, with the NYSE Energy Sector Index decreasing 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.2%.The Philadelphia Oil Service Sector Index was shedding 0.3%, and the Dow Jones US Utilities Index was up 0.6%.Front-month West Texas Intermediate crude oil was falling 1.3% to $95.07 a barrel, and the global benchmark Brent crude contract was decreasing 0.1% to $102.48 a barrel. Henry Hub natural gas futures fell 4.2% to $2.89 per 1 million BTU.In sector news, Intercontinental Exchange (ICE) and OKX said Friday that they are collaborating to launch perpetual futures contracts tied to oil benchmarks. The new perpetual futures contracts will be underpinned by Intercontinental Exchange's Brent Crude and WTI Crude energy benchmarks, the companies said.In corporate news, Matador Resources (MTDR) shares added 0.5% after the company said Thursday it acquired 5,154 net undeveloped acres in the Delaware Basin for about $1.14 billion in a recent Bureau of Land Management oil and gas lease sale.TotalEnergies (TTE) is considering selling a 50% stake in a portfolio of European renewable energy assets, Bloomberg reported. TotalEnergies shares were down 1.3%.Frontline (FRO) shares fell 3.3% after the company reported Q1 adjusted earnings below analyst expectations.

Sector Update: Energy

Energy stocks were mixed Friday afternoon, with the NYSE Energy Sector Index decreasing 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.2%.The Philadelphia Oil Service Sector Index was shedding 0.3%, and the Dow Jones US Utilities Index was up 0.6%.Front-month West Texas Intermediate crude oil was 0.2% higher at $96.57 a barrel, and the global benchmark Brent crude contract was advancing 0.6% to $103.17 a barrel. Henry Hub natural gas futures fell 4.1% to $2.90 per 1 million BTU.In corporate news, Matador Resources (MTDR) shares added 0.9% after the company said Thursday it acquired 5,154 net undeveloped acres in the Delaware Basin for about $1.14 billion in a recent Bureau of Land Management oil and gas lease sale.

Matador Expands Delaware Basin Position With $1.14 Billion Lease Deal

Matador Resources Company (MTDR) acquired 5,154 net undeveloped acres in the New Mexico Delaware Basin for about $1.14 billion, TPH Energy said Friday.Matador secured the acreage during this week's Bureau of Land Management lease sale, paying roughly $222,000 per acre for the undeveloped land, according to TPH Energy.Management expects the acquisition to add 141 net operated drilling locations on a two-mile equivalent basis, providing more than one year of inventory at the company's recent drilling pace.Matador valued the drilling inventory at about $7.3 million per location after accounting for expected midstream value, while the acreage carries an 87.5% net revenue interest and a 10-year lease term across all depths.The company plans to fund the acquisition with cash and its credit facility, and management expects to repay a substantial portion of the balance by the end of 2026 and in full by the first half of 2027.TPH Energy said the acquisition has a greater financial impact on Matador because the transaction value is roughly 15% of the company's $7.0 billion market capitalization.Matador shares fell 5.8% Thursday, underperforming Devon Energy's (DVN) 2.8% decline and the SPDR S&P Oil & Gas Exploration & Production ETF's 2.3% drop as investors speculated Matador submitted the winning bids through the Federal Abstract Company alias, according to TPH.Price: $56.48, Change: $+0.39, Percent Change: +0.70%

Matador Resources Acquires Core Delaware Basin Acreage in $1.1 Billion Lease Deal

Matador Resources (MTDR), on Thursday, reported a successful bolt-on acquisition of 5,154 net undeveloped acres at the core of the Delaware Basin, in a $1.1 billion lease deal via the Bureau of Land Management's sale of oil and gas assets this week.Located in Southeast New Mexico, the company said that this new acreage, within the 'core-of-the-core' of the Delaware Basin, was directly adjacent to its existing operating units, allowing for longer laterals, multi-well developments and additional operating efficiencies in some of its lowest-cost drilling areas.Matador said the newly acquired acreage contains nine or more prospective formations and adds more than 141 net operated drilling locations normalized to two-mile laterals.It added that the leases carry an 87.5% net revenue interest, referring to the share of output it stands to receive, and a 10-year term across all depths, which means it has the right to explore and produce oil and gas from that acreage for up to 10 years.The company said the purchase price implies roughly $7.3 million per location after accounting for anticipated midstream value. The acquisition is expected to be funded through cash on hand and borrowings under its existing credit facility.

Matador Resources Acquires $1.1 Billion Delaware Basin Acreage in Federal Lease Sale

Matador Resources Company (MTDR) said on Thursday it acquired 5,154 net undeveloped acres in the Delaware Basin for about $1.14 billion in a recent Bureau of Land Management oil and gas lease sale.CEO Joseph Foran said the acreage is located in the "'core-of-the-core' of the Delaware Basin" and would extend Matador's inventory while improving operating efficiencies and midstream value.

Research Alert: CFRA Keeps Hold Opinion On Shares Of Matador Resources

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price of $61 (raised by $1) reflects a combination of relative valuation, DCF, and NAV models. On a relative basis, we apply a 4.5x multiple of EV to projected 2027 EBITDA, above MTDR's historical forward average, yielding a value of $55 per share. Our DCF model estimates intrinsic value at $65/share, while our NAV model yields $64/share. We lift our 2026 EPS estimate by $1.49 to $6.95, and 2027's by $0.06 to $6.02. MTDR should benefit in the near term from the sudden surge in crude oil prices, but probably by less than some of its Permian-focused peers. This is because MTDR is already hedged for 50% of its planned 2026 crude oil production with a ceiling price of $66 per barrel, considerably below WTI trading at $101/b recently. We note that MTDR is taking a more conservative stance for 2026, with a marked drop in capital spending, and its overall cash costs dropped in 2025, which we think can be repeated in 2026.

Matador Resources Raises 2026 Oil Production Outlook After Higher Q1 Output

Matador Resources (MTDR) reported Q1 earnings Wednesday, showing net production volumes of 18.68 million barrels of oil equivalent, up from 17.88 mmboe a year earlier.The company produced 10.83 million barrels of oil for the quarter ended March 31, compared with 10.35 mmbbls in the corresponding quarter a year earlier.Natural gas production volumes increased to 47.2 billion cubic feet in Q1 from 45.1 Bcf a year earlier.Average daily total oil equivalent production reached 207,594 boe per day during the quarter ended March 31, up from 198,631 boe/d in the prior-year period.Daily production volumes for oil averaged 120,277 barrels per day, up from 115,030 b/d, while daily natural gas production volumes averaged 523.9 million cubic feet per day, up from 501.6 MMcf/d.Matador raised its full-year 2026 oil production guidance to 123,000 b/d to 125,000 b/d, up from the prior range of 122,000 b/d to 124,000 b/d.The company also revised its total oil equivalent production guidance to 210,500 boe/d to 216,000 boe/d, upwards from the prior outlook of 209,500 boe/d to 215,000 boe/d.The company expects 2026 drilling, completion and equipping capital expenditures of $1.35 billion to $1.44 billion.

Research Alert: Mtdr: A Q1 Eps Beat Despite Weak Natural Gas Pricing

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:MTDR reported Q1 EPS of $1.53, beating consensus by $0.26, due to above-guidance production of 207,594 boe/d versus the 200k-205k boe/d range and 1.1% above consensus. Oil pricing was flat at $72.83/b compared to $72.38/b in Q1 2025, while natural gas prices plummeted 82% Y/Y to $0.64/MMBtu due to Permian Basin congestion, though natural gas comprised only 42% of total production, limiting adverse impact. The Hugh Brinson pipeline expected online in Q3-Q4 should provide relief, adding potential $90M annually per $0.50/MMBtu price improvement with 500k MMBtu/d firm transportation capacity. Management reaffirmed full-year capex guidance while raising production estimates, citing efficiency gains from multi-well completions and reduced diesel consumption through electric fracturing fleets. We expect significant free cash flow improvement with MTDR projecting $1.1B-$1.2B for CY 26 versus $437M actual in CY 25, reflecting operational innovations and anticipated natural gas pricing recovery.

Matador Resources Q1 Adjusted Earnings, Revenue Decline

Matador Resources (MTDR) reported Q1 adjusted earnings late Wednesday of $1.53 per diluted share, down from $1.99 a year earlier.Analysts polled by FactSet expected $1.25.Revenue for the three months ended March 31 was $671.6 million, down from $1.01 billion a year earlier.Analysts surveyed by FactSet expected $871.6 million.

Earnings Flash (MTDR) Matador Resources Posts Q1 Revenue $671.6M

Matador Resources Names CFO, COO

Matador Resources (MTDR) said late Monday Christopher Calvert has been promoted to executive vice president and chief financial officer, and Glenn Stetson to executive vice president and chief operating officer, effective April 21.Calvert and Stetson each have over 10 years of experience at Matador, the company said. Calvert will assume the CFO role from Robert Macalik, who stepped down on April 21.

Matador Resources Keeps Quarterly Dividend at $0.375 per Share, Payable June 5 to Holders of Record May 8