Business Context and Reporting Period
This Form 8-K Current Report was filed by Matador Resources Company on June 10, 2026. The filing primarily addresses a material amendment to the Company's credit facility and the results of its Annual Meeting of Shareholders held on June 11, 2026.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, or margin data. However, it discloses the following capital structure metrics:
- Borrowing Base: Reaffirmed at $3.25 billion.
- Aggregate Elected Borrowing Commitments: Increased from $2.25 billion to $2.75 billion.
- Outstanding Shares: 124,200,880 shares of common stock as of the April 13, 2026 record date.
Material Changes
The primary material change reported is the execution of an Eighth Amendment to the Fourth Amended and Restated Credit Agreement on June 10, 2026. This amendment increased the aggregate elected borrowing commitments by $500 million while maintaining the borrowing base at $3.25 billion. This action constituted the regularly scheduled May 1 redetermination.
Outlook, Management Commentary, and Governance
During the Annual Meeting, management discussed the recent acquisition of undeveloped acreage in the Bureau of Land Management Oil and Gas Lease Sale, natural gas marketing efforts, operational efficiencies, and growth in midstream businesses. Governance outcomes included:
- Director Elections: Shareholders elected Joseph Wm. Foran, Reynald A. Baribault, and Timothy E. Parker as Class III directors for terms expiring in 2029.
- Executive Compensation: Shareholders approved the non-binding advisory resolution for 2025 executive compensation.
- Auditor Ratification: Shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2026.
Investor Verification Checklist
- Verify the full terms of the Eighth Amendment to the Credit Agreement filed as Exhibit 10.1.
- Confirm the impact of the increased borrowing commitments on the Company's leverage ratios and liquidity position.
- Review the webcast recording of the Annual Meeting for detailed commentary on the BLM acreage acquisition and midstream growth.
- Monitor future filings for the utilization of the newly available $500 million in borrowing capacity.