secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001520006-26-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matador beats Q1 production guidance, raises 2026 outlook, pays down $350M+ RBL
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- Q1 avg daily production 207,594 BOE/d (120,277 bbl oil/d), above guidance upper end; up 5% YoY.
- Full-year 2026 production guidance increased; capital budget reaffirmed; cost per lateral foot $785-$805.
- Paid down over $350M on RBL since year-end; expects full RBL repayment this month.
- Estimated full-year 2026 adjusted free cash flow ~$1.1-1.2B (vs $437M in 2025 excl land/seismic).
- Hugh Brinson pipeline (zero cost) expected to provide Henry Hub access by year-end 2026, reducing Waha exposure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000152000626000019/0001520006-26-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000152000626000019/mtdr-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001520006-26-000019

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