---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-011137"
form_type: "8-K"
ticker: "MTDR"
cik: "0001520006"
company_name: "Matador Resources Co"
filed_at: "2026-02-24T23:59:59+00:00"
generated_at: "2026-05-16T00:47:11.902967+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Matador reports record Q4 production, 2026 oil growth of +3% with 11% CapEx cut

## Summary
- Q4 2025 production record 211,290 BOE/d (121,363 Bbl/d oil); full-year 207,070 BOE/d.
- 2026 guidance: oil production 122-124k Bbl/d (+3%); total CapEx $1.45-1.55B (down 11%); D&C costs ~$795/ft.
- Record proved reserves 667M BOE (+9% YoY); reserve replacement 173%; F&D cost $10.34/BOE.
- Midstream combined Adj. EBITDA $332M in 2025; expected $360M in 2026; San Mateo strategic transactions explored.
- Returned $218.9M to shareholders in 2025; similar cash returns expected in 2026; leverage 1.1x.

## SEC filing metadata
- accession: 0001628280-26-011137
- form_type: 8-K
- ticker: MTDR
- cik: 0001520006
- company_name: Matador Resources Co
- filed_at: 2026-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1520006/000162828026011137/0001628280-26-011137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1520006/000162828026011137/mtdr-20260224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-011137
- JSON: https://secwatch.observer/filing/0001628280-26-011137.json
- Plain text: https://secwatch.observer/filing/0001628280-26-011137.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.