Matador Q2 oil production record 126,106 bbl/d; raises 2026 oil growth guidance to 7% YoY; announces two acquisitions

Matador Resources Co

Q2 net cash from ops $937.1M, adj. free cash flow $303.2M (nearly triple Q1); repaid >$200M debt.
Full-year 2026 oil production growth guidance raised from 4% to 7% YoY; D/C/E capex raised to $1.48-1.56B.
Agreed to acquire Paloma Permian (16,235 net acres, 156 locations, ~11,100 BOE/d) and Ridge Runner (13,600 net acres, 150 locations) for Q4 2026 close.
San Mateo closed Cardinal Midstream acquisition July 31, adding 320 MMcf/d processing capacity and 145 miles pipelines.
Expects ~$900M adj. free cash flow in 2026; RBL commitment increased by $500M to $2.75B.

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