MTDR — what changed in the latest 10-Q
A section-by-section comparison of MTDR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-06 vs the prior 10-Q · 2026-08-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +38 | −33 | ~58 | 57 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 4 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | +1 | −2 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | −2 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-06
In July 2026, San Mateo completed the acquisition of the operating subsidiaries of Cardinal Midstream Partners, LLC (“Cardinal”), a portfolio company of EnCap Flatrock Midstream, for total cash consideration of $761.0 million, subject to certain customary post-closing purchase price adjustments (the…
Subsequent to the end of the reporting period, on October 1, 2026, we completed the acquisition of Paloma Permian, LLC (“Paloma”) from a portfolio company of EnCap Investments L.P., including certain proved undeveloped acreage and oil and natural gas producing properties located in Eddy and Lea Coun…
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…
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…
As of September 30, 2026, there have been no changes to our critical accounting policies and estimates from those set forth in the Annual Report except as noted below.
Text removed vs the prior filing · source: 10-Q · 2026-08-07
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…
On July 22, 2026, we entered into a definitive agreement to acquire from subsidiaries of Ridge Runner Resources II, LLC, a portfolio company of EnCap, primarily undeveloped acreage and certain oil and natural gas producing properties located in the Woodford play in Lea County, New Mexico and Winkler…
On July 31, 2026, San Mateo completed the acquisition of the operating subsidiaries of Cardinal Midstream Partners, LLC (“Cardinal”), a portfolio company of EnCap Flatrock Midstream, for total cash consideration of $752.0 million, subject to certain customary post-closing purchase price adjustments …
On August 5, 2026, we increased our estimated drilling, completing and equipping (“D/C/E”) capital expenditures for 2026 to a range of $1.48 to $1.56 billion from a range of $1.35 to $1.44 billion, which includes our expected D/C/E capital expenditures on acreage acquired in the BLM Acquisition and …
There have been no changes to our critical accounting policies and estimates from those set forth in the Annual Report.
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-11-06
During the three months ended September 30, 2026, there were no material changes regarding the legal proceedings we have disclosed in “Part I—Item 3. Legal Proceedings” in the Annual Report or in “Part II—Item 1. Legal Proceedings” in our Quarterly Report on Form 10-Q for the quarter ended June 30, …
Text removed 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…
Except as set forth above, during the three months ended June 30, 2026, there were no material changes regarding the legal proceedings we have disclosed in “Item 3. Legal Proceedings” in the Annual Report.
Other information
Text removed 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 …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice