secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001628280-26-011137
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000162828026011137/0001628280-26-011137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000162828026011137/mtdr-20260224.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-011137

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer