MTDR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-07

• •the integration of acquisitions, including the Cardinal Acquisition, the Paloma Acquisition and the Ridge Runner Acquisition, with our business;

• •the Cardinal Acquisition, the Paloma Acquisition and the Ridge Runner Acquisition, including the anticipated timing and benefits thereof;

• For the second quarter of 2026, we reported net income attributable to Matador shareholders of $390.7 million, or $3.15 per diluted common share, on a GAAP basis, as compared to net income attributable to Matador shareholders of $150.2 million, or $1.21 per diluted common share, for the second quart…

• In May 2026, we completed the acquisition of 5,154 net undeveloped acres in the core of the Delaware Basin in Southeast New Mexico for approximately $1.16 billion as part of the Bureau of Land Management Oil and Gas Lease Sale (the “BLM Acquisition”). The acquired acreage complements our existing ac…

• Subsequent to the end of the reporting period, on July 22, 2026, we entered into a definitive agreement to acquire Paloma Permian, LLC (“Paloma”) from a portfolio company of EnCap Investments L.P. (“EnCap”), including certain proved undeveloped acreage and oil and natural gas producing properties lo…

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• The Delaware Basin contributed 100% of our daily oil production and 97% of our daily natural gas production in the first quarter of 2026, as compared to 100% of our daily oil production and 96% of our daily natural gas production in the first quarter of 2025.

• Our 2026 estimated capital expenditure budget consists of $1.35 to $1.44 billion for drilling, completing and equipping (“D/C/E”) capital expenditures and $100.0 to $110.0 million for midstream capital expenditures, which includes our proportionate share of San Mateo’s estimated 2026 capital expendi…

• Matador’s Board of Directors (the “Board”) declared and paid quarterly cash dividends of $0.375 per share of common stock in the first quarter of 2026. On April 22, 2026, the Board declared a quarterly cash dividend of $0.375 per share of common stock payable on June 5, 2026 to shareholders of recor…

• In March 2026, we completed the repurchase of an aggregate principal amount of $419.8 million of the $500.0 million of outstanding senior notes due 2028 (the “2028 Notes”) as part of our cash tender offer announced on February 26, 2026 (the “2028 Notes Tender Offer”). Additionally, in March 2026, we…

• Additionally, in March 2026, we completed the sale of $750.0 million in aggregate principal amount of our 6.00% senior notes due 2034 (the “2034 Notes”). We used the net proceeds from the sale of the 2034 Notes (the “2034 Notes Offering”) of $737.9 million, after deducting initial purchasers’ discou…

Text added vs the prior filing · source: 10-Q · 2026-08-07

• On July 22, 2025, the New Mexico Environment Department (“NMED”) issued a Notice of Violation to San Mateo alleging possible violations related to excess air emissions from San Mateo’s Black River cryogenic natural gas processing plant in Eddy County, New Mexico. San Mateo and the NMED are in settle…

Text added vs the prior filing · source: 10-Q · 2026-08-07

• The consummation of the Paloma Acquisition and the Ridge Runner Acquisition is subject to a number of conditions that may not be satisfied or completed on a timely basis or at all. Accordingly, there can be no assurance as to when or if either or both of the Paloma Acquisition and the Ridge Runner A…

• Although we expect to complete the Paloma Acquisition and the Ridge Runner Acquisition in the fourth quarter of 2026, there can be no assurances as to the exact timing of the closings or that either or both of these acquisitions will be completed at all. The consummation of these acquisitions is sub…

• Even if the Paloma Acquisition and the Ridge Runner Acquisition are completed, we may be unable to successfully integrate the acquisitions into our business or achieve the anticipated benefits of the acquisitions.

• The success of the Paloma Acquisition and the Ridge Runner Acquisition will depend, in part, on our ability to realize the anticipated benefits and cost savings from integrating the assets and operations of these acquisitions into our business, and there can be no assurance that we will be able to s…

• •the inability to successfully integrate the acquisitions operationally, in a manner that permits us to achieve the full revenue, expected cash flows and cost savings anticipated from the acquisitions;

Text added vs the prior filing · source: 10-Q · 2026-08-07

• Disclosure Pursuant to Item 5.02 of Form 8-K – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

• On August 3, 2026, Brian J. Willey, Executive Vice President – Midstream, informed the Company of his decision to resign from his roles at the Company and San Mateo, effective as of September 2, 2026. Aspects of Mr. Willey’s role, including Mr. Willey’s leadership role at San Mateo, will be assumed …