Matador Reports Q1 Revenue of $671.64M, Below Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy MTDR?
Reports Q1 revenue $671.64M, consensus $861.91M. Joseph Wm. Foran, Matador's Founder, Chairman and CEO, commented, "Matador is pleased to report a strong start to 2026. First quarter results exceeded the midpoint of our prior oil production guidance by 3%, and we have paid down over $350 million on our reserve-based lending facility since year-end. Our capital spending during the quarter finished in line with previous guidance estimates that focused on operational efficiencies, increasing reserves, and cost saving initiatives. In light of these improvements and increased commodity pricing, estimated adjusted free cash flow for the full year 2026 will be approximately $1.1 to $1.2 billion (assuming strip oil and natural gas pricing as of early May 2026) compared to adjusted free cash flow for full year 2025 of $437 million, excluding land and seismic costs."
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Analyst Views on MTDR
Wall Street analysts forecast MTDR stock price to rise
14 Analyst Rating
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 55.260
Low
50.00
Averages
57.08
High
70.00
Current: 55.260
Low
50.00
Averages
57.08
High
70.00
About MTDR
Matador Resources Company is an independent energy company. The Company is engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. It operates through two segments: exploration and production and midstream. The exploration and production segment are engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States and is focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The midstream segment conducts midstream operations in support of the Company’s exploration, development and production operations and provides natural gas processing, oil transportation services, oil, natural gas and produced water gathering services and produce water disposal services to third parties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Matador Resources Q1 2026 Earnings Call Insights Highlighting Strategic Growth and Operational Efficiency
- Financial Discipline: Matador Resources reported capital spending of $428 million in Q1 2026, aligning with expectations, which demonstrates the company's commitment to financial discipline amid a volatile market, focusing on reducing debt while increasing production capacity.
- Inventory Advantage: The company boasts 10 to 15 years of inventory with returns exceeding 50%, providing Matador with greater growth flexibility compared to peers, enabling it to capitalize on opportunities during market fluctuations.
- Midstream Integration Strategy: CEO Foran highlighted that the Hugh Brinson project will help the company move away from negative Waha pricing towards the Henry Hub market, thereby enhancing price realization and improving overall economic efficiency.
- Operational Efficiency Gains: CFO Calvert noted that the drilling and completions cost target for Q1 2026 is set at $785 to $805 per lateral foot, a 6% decrease from 2025, achieved through water recycling and multi-well completions, resulting in a 13% improvement in cycle time.
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Matador (MTDR) Q1 2026 Earnings Call Transcript
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- Succession Details: Calvert succeeds Robert T. Macalik as CFO, with Macalik's departure not linked to any financial, accounting, or operational disagreements, indicating stability during the executive transition.
- Experience Background: Both new executives bring over a decade of leadership experience within the company and approximately 20 years of industry experience, providing a solid foundation for the company's long-term value creation.
- Strategic Objectives: The executive changes are designed to support execution, efficiency, and long-term value creation, reflecting Matador Resources' commitment to future growth and strategic planning.
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- Executive Promotions: Matador Resources Company has announced the promotions of Christopher P. Calvert to Executive Vice President and Chief Financial Officer and Glenn W. Stetson to Executive Vice President and Chief Operating Officer, aimed at further strengthening the company's execution and long-term value creation.
- Experienced Leadership Team: Both Calvert and Stetson have over ten years at Matador and approximately 20 years of industry experience, ensuring stability and efficiency in the company's future operations.
- Financial Leadership Transition: Calvert will succeed Robert T. Macalik as Chief Financial Officer, with Macalik's departure unrelated to any financial or accounting issues, ensuring a smooth transition in management.
- Strategic Development Focus: Founder and CEO Joseph Wm. Foran stated that the promotions of Calvert and Stetson will aid in the continued growth of the company in oil and gas resource development and midstream operations, further enhancing Matador's market position in Texas and New Mexico.
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- Importance of Sales Growth: Companies like Deckers Outdoor, Matador Resources, and FactSet Research are viewed favorably due to their sales growth potential, with Deckers expected to achieve a 7.3% sales growth rate for fiscal 2027 and Matador at 11.2%, indicating strong market demand in their respective industries.
- Industry Competitiveness Analysis: Sales growth not only reflects customer demand for products but may also signal future profit increases, especially when fixed costs can be spread over a larger base, which is crucial for the companies' long-term expansion strategies.
- Investor Confidence Boost: As energy prices ease and geopolitical tensions diminish, investor confidence has improved, leading to increased capital inflows into these companies with promising sales growth prospects, further driving their stock prices upward.
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Matador Resources Q1 2026 Earnings Call Insights Highlighting Strategic Growth and Operational Efficiency
- Financial Discipline: Matador Resources reported capital spending of $428 million in Q1 2026, aligning with expectations, which demonstrates the company's commitment to financial discipline amid a volatile market, focusing on reducing debt while increasing production capacity.
- Inventory Advantage: The company boasts 10 to 15 years of inventory with returns exceeding 50%, providing Matador with greater growth flexibility compared to peers, enabling it to capitalize on opportunities during market fluctuations.
- Midstream Integration Strategy: CEO Foran highlighted that the Hugh Brinson project will help the company move away from negative Waha pricing towards the Henry Hub market, thereby enhancing price realization and improving overall economic efficiency.
- Operational Efficiency Gains: CFO Calvert noted that the drilling and completions cost target for Q1 2026 is set at $785 to $805 per lateral foot, a 6% decrease from 2025, achieved through water recycling and multi-well completions, resulting in a 13% improvement in cycle time.
See More
Matador (MTDR) Q1 2026 Earnings Call Transcript
See More
Matador Resources Announces Executive Promotions
- Executive Appointments: Matador Resources has promoted Christopher P. Calvert to Executive Vice President and Chief Financial Officer, and Glenn W. Stetson to Executive Vice President and Chief Operating Officer, effective April 21, 2026, aimed at enhancing the company's execution and efficiency.
- Succession Details: Calvert succeeds Robert T. Macalik as CFO, with Macalik's departure not linked to any financial, accounting, or operational disagreements, indicating stability during the executive transition.
- Experience Background: Both new executives bring over a decade of leadership experience within the company and approximately 20 years of industry experience, providing a solid foundation for the company's long-term value creation.
- Strategic Objectives: The executive changes are designed to support execution, efficiency, and long-term value creation, reflecting Matador Resources' commitment to future growth and strategic planning.
See More
Matador Resources Announces Executive Promotions
- Executive Promotions: Matador Resources Company has announced the promotions of Christopher P. Calvert to Executive Vice President and Chief Financial Officer and Glenn W. Stetson to Executive Vice President and Chief Operating Officer, aimed at further strengthening the company's execution and long-term value creation.
- Experienced Leadership Team: Both Calvert and Stetson have over ten years at Matador and approximately 20 years of industry experience, ensuring stability and efficiency in the company's future operations.
- Financial Leadership Transition: Calvert will succeed Robert T. Macalik as Chief Financial Officer, with Macalik's departure unrelated to any financial or accounting issues, ensuring a smooth transition in management.
- Strategic Development Focus: Founder and CEO Joseph Wm. Foran stated that the promotions of Calvert and Stetson will aid in the continued growth of the company in oil and gas resource development and midstream operations, further enhancing Matador's market position in Texas and New Mexico.
See More
U.S. Stock Market Recovers, Sales Growth Becomes Key
- Market Recovery Context: After a subdued start to the year, the U.S. stock market has rebounded strongly this week, with major indexes moving back toward record highs, supported by solid company results, healthy consumer spending, and easing inflation concerns, indicating a restoration of market confidence.
- Importance of Sales Growth: Companies like Deckers Outdoor, Matador Resources, and FactSet Research are viewed favorably due to their sales growth potential, with Deckers expected to achieve a 7.3% sales growth rate for fiscal 2027 and Matador at 11.2%, indicating strong market demand in their respective industries.
- Industry Competitiveness Analysis: Sales growth not only reflects customer demand for products but may also signal future profit increases, especially when fixed costs can be spread over a larger base, which is crucial for the companies' long-term expansion strategies.
- Investor Confidence Boost: As energy prices ease and geopolitical tensions diminish, investor confidence has improved, leading to increased capital inflows into these companies with promising sales growth prospects, further driving their stock prices upward.
See More
Five Attractive Value Stocks with Impressive EV-to-EBITDA Ratios
- Matador Resources: As a leading oil and gas explorer in the U.S., Matador Resources has an expected year-over-year earnings growth rate of 312% for 2026, with the Zacks consensus estimate for its earnings revised up by 73.3% over the past 60 days, indicating strong profitability and market appeal.
- Pampa Energia: This independent energy-integrated company in Argentina has an expected year-over-year earnings growth rate of 24.1% for 2026, and its earnings consensus estimate has been revised upward by 0.7% in the last 60 days, reflecting robust performance in the energy sector.
- Occidental Petroleum: As an integrated oil and gas company, Occidental Petroleum is projected to have a year-over-year earnings growth rate of 40.3% for 2026, with its earnings consensus estimate revised up by 377% over the past 60 days, showcasing its competitive edge and investment attractiveness in the industry.
- First American Financial: Focused on real estate transactions, First American Financial has an expected earnings growth rate of 5.5% for 2026, with its earnings consensus estimate revised up by 3.4% in the past 60 days, demonstrating stability and growth potential in the real estate market.
See More
