Filing Flows › Matador Resources (MTDR) › Guidance & outlook
Matador Resources (MTDR) guidance and outlook
Matador Resources (MTDR) raised its guidance on Nov 3, 2026: EBITDA $400M for FY2026; EBITDA +17% for FY2026; Capital expenditures $180M for FY2026; Capital expenditures $425M–$485M for Q4 2026. Matador Resources' 10-Q filed Nov 6, 2026 makes 21 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Capital expenditures | FY2026 | $1.5B | reaffirmed |
| Capital expenditures | FY2026 | +19% | new |
| EBITDA | FY2026 | $400M | new |
| EBITDA | FY2026 | +17% | new |
| Capital expenditures | FY2026 | $180M | raised |
| Capital expenditures | Q4 2026 | $425M–$485M | new |
| Capital expenditures | Q4 2026 | +19% | new |
From the earnings release filed Nov 3, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 6, 2026
- • our exploitation projects or property acquisitions;
- On November 3, 2026, we adjusted our estimated drilling, completing and equipping (“D/C/E”) capital expenditures for 2026 to a range of $1.50 to $1.54 billion from a range of $1.48 to $1.56 billion, which includes our expected D/C/E capital expenditures on acreage acquired in the BLM Acquisition and Paloma Acquisition.
- On November 3, 2026, we also adjusted our estimated midstream capital expenditures for 2026 to a range of $170.0 to $190.0 million from a range of $145.0 to $165.0 million, which includes our proportionate share of San Mateo’s estimated 2026 capital expenditures as well as the estimated 2026 capital expenditures for other wholly-owned midstream projects.
- Our primary use of capital has been, and we expect will continue to be during the remainder of 2026 and for the foreseeable future, for the acquisition, exploration and development of oil and natural gas properties and for midstream investments.
- We expect to fund our 2026 capital expenditures through a combination of cash on hand, operating cash flows and performance incentives paid to us by Five Point or its affiliates.
- Our future success in growing proved reserves and production will be highly dependent on our ability to generate operating cash flows and access outside sources of capital.
- We expect to repay between $350 and $400 million in borrowings under the Credit Agreement based on market conditions as of November 3, 2026, funded by free cash flow generation, in the fourth quarter of 2026 following the closing of the Paloma Acquisition, of which $150 million has been repaid as of November 3, 2026.
- We expect that development of our Delaware Basin assets will be the primary focus of our operations and capital expenditures for the remainder of 2026.
- Substantially all of these 2026 estimated capital expenditures are expected to be allocated to (i) the further delineation and development of our leasehold position and (ii) our participation in certain non-operated well opportunities.
- Our Delaware Basin operated drilling program for the remainder of 2026 is expected to focus on the continued development of our various asset areas throughout the Delaware Basin, with a continued emphasis on drilling and completing a high percentage of longer horizontal wells.
- We drilled our first horizontal well in the Woodford formation during 2026 and plan to begin drilling two additional wells in the fourth quarter of 2026 to further delineate the play as we transition into an active 2027 development schedule.
- We intend to continue evaluating the opportunistic acquisition of producing properties, acreage and mineral interests and midstream assets, principally in the Delaware Basin.
Matador Resources' latest quarter
Matador Resources, Q3 2026: revenue $1.2B (+24% year over year), operating margin 30.4%, net earnings $172M, operating cash flow $594M. The chart follows the revenue to costs, profit and cash.
Questions
Did Matador Resources raise or lower its guidance?
Matador Resources (MTDR) raised its guidance on Nov 3, 2026: EBITDA $400M for FY2026; EBITDA +17% for FY2026; Capital expenditures $180M for FY2026; Capital expenditures $425M–$485M for Q4 2026.
What does Matador Resources expect?
• our exploitation projects or property acquisitions; On November 3, 2026, we adjusted our estimated drilling, completing and equipping (“D/C/E”) capital expenditures for 2026 to a range of $1.50 to $1.54 billion from a range of $1.48 to $1.56 billion, which includes our expected D/C/E capital expenditures on acreage acquired in the BLM Acquisition and Paloma Acquisition. On November 3, 2026, we also adjusted our estimated midstream capital expenditures for 2026 to a range of $170.0 to $190.0 million from a range of $145.0 to $165.0 million, which includes our proportionate share of San Mateo’
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.