Matador Resources unveiled two EnCap-backed acquisitions, Paloma Permian and Ridge Runner, expanding Delaware Basin acreage to about 240,000 net acres. Rae's Creek Woodford test at 2,200 BOE/d (72% oil) supports Woodford economics. The deals are funded with cash and borrowings, targeting roughly $1B in adjusted free cash flow in 2026 and leverage near 1.0x within 12-18 months.
Matador Resources said its midstream JV, San Mateo Midstream, will acquire Cardinal Midstream Partners' operating subsidiaries for $752 million in cash. The transaction broadens San Mateo's asset base and could boost MTDR's fee-based cash flows, though closing terms and financing specifics were not disclosed, leaving near-term clarity limited.
Matador Resources has announced a strategic acquisition of 5,154 acres in the Delaware Basin for $1.1 billion. This expansion enhances its asset base and operational efficiencies, potentially leading to improved cash flow projections for 2026.
MTDR's RSI indicates it's overbought at 70.8. The stock jumped around 9% in five days. William Lambert was promoted to EVP, CFO and Head of Strategy. MTDR shares closed at $49.50, with a 52-week high of $66.89. Edge Ratings score is high with 23.17 momentum score.
Matador Resources has a favorable Growth Score and top Zacks Rank. Projected EPS growth of 16.4% exceeds industry average decline of -5.6%. Sales are expected to grow 25.1% compared to industry average of 1.9%. Earnings estimates for Matador have been revised upward recently.