Matador Resources 3Q 2026: Revenue $1.16B, EPS $1.39 — 10-Q Summary
Matador Resources reported 3Q 2026 revenue of $1.16B, up 24% YoY, but net income fell 2% to $172.12M. Higher oil and gas prices and production increases were offset by weaker derivative results and higher costs. Production rose 10% to 230,470 BOE per day. The company adjusted its 2026 capital expenditure outlook to $1.50B-$1.54B.
How this was made
The 30-second read
Why it matters
The earnings release introduces new data on production, pricing, and cost structure, offering traders fresh information to reassess valuation.
Market read
First‑report earnings data for a mid‑cap energy company, providing actionable insight for sector traders.
What to watch
The $761M Cardinal acquisition and increased midstream revenue may provide longer‑term upside not reflected in the short‑term earnings.
Background
Matador Resources filed its Q3 2026 10‑Q, highlighting revenue growth, commodity price gains, and a recent $761M acquisition.
Ticker impact
Q3 2026 10-Q reports revenue up 24% YoY to $1.16B but net income down 2%, providing fresh earnings data.
potential slight pressure as investors weigh higher revenue against lower net income
Revenue growth is strong, but earnings contraction and higher costs could temper enthusiasm, likely leading to a modest price move.
Market effects
Oil & gas sector may see slight uplift from higher realized prices, but cost pressures could offset.
U.S. energy stocks could experience modest movement in response to Matador's results.
Limited; primarily impacts U.S. shale producers.
Counterpoint
Investors could view the earnings miss as a buying opportunity if they expect continued price gains from higher commodity prices.
Key entities
- CompanyMatador Resources
U.S. oil and natural gas producer (ticker MTDR).
- AcquisitionCardinal Acquisition
Midstream processing assets acquired for $761M.
