Matador Resources Expands Delaware Basin Footprint with $1.14B Acreage Acquisition
MTDR sits 53% above its 52-week low of $37.14 on elevated volume (2.3× avg).
Summary
Matador Resources announced a significant $1.143 billion acquisition of 5,154 net undeveloped acres in the core Delaware Basin. This strategic bolt-on expands the company's premier asset base, adding over 141 net operated locations and leveraging existing infrastructure for increased operating efficiencies. The acquisition is expected to be funded through cash on hand and its existing credit facility. Management projects strong full-year 2026 adjusted free cash flow of nearly $1.2 billion, enabling substantial paydown of the acquisition by year-end 2026. This follows a period of strong operational performance, including Q1 production beats and raised guidance, despite a Q1 net loss primarily due to derivative losses. The company plans to share more operational and financial news at its Annual Meeting on June 11, 2026.
At the time of this announcement, MTDR was trading at $56.94 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $7B. The 52-week trading range was $37.14 to $66.84. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.