Matador Resources Company reported second quarter 2026 results on August 5, 2026, generating net income of $390.7 million and adjusted free cash flow of $303.2 million. The company increased its full-year 2026 oil production guidance to 127,500–129,000 barrels per day, reflecting a 7% year-over-year growth expectation. Management announced the acquisition of Paloma Permian and Ridge Runner Resources acreage in the Delaware Basin, expected to close in Q4 2026, adding approximately four years of drilling inventory. Additionally, San Mateo Midstream completed its acquisition of Cardinal Midstream on July 31, 2026. Matador repaid over $200 million in borrowings and increased its RBL elected commitment level to $2.75 billion. The company operates as an independent energy firm focused on the exploration, development, production, and acquisition of oil and natural gas resources in the United States.
