Each one in plain English, with the numbers worked through for a shareholder.
24 July 2026material agreement▲ GoodMajor
Matador agreed to buy Paloma Permian for $1.275 billion cash -- its third billion-dollar-plus Delaware Basin acquisition in under four years -- adding producing properties and undeveloped acreage in Eddy and Lea Counties, New Mexico, with the deal backed by a representation-and-warranty insurance policy in place of seller indemnities.
Matador priced a new $750 million senior notes offering (6.000% due 2034), positioned alongside its existing 2028 notes -- continued refinancing/extension of its debt maturity profile.
Matador's credit facility was amended to remove a 0.10% SOFR credit-spread adjustment (a small effective rate cut) while reaffirming the $3.25 billion borrowing base and $2.25 billion elected commitment.
Matador raised its dividend 20%, to $0.375 per share ($1.50/year, up from $1.25/year) -- its fastest string of consecutive annual increases since introducing the payout in 2021.
Matador raised its dividend to $0.25 per share ($1.00/year), the first increase since the 33% raise a year earlier -- continued growth in shareholder returns alongside its acquisition-driven expansion.
Matador closed the Ameredev Stateline II acquisition for an adjusted $1.832 billion, funded in part by drawing the full $250 million new term loan and expanding its revolver commitment to $2.25 billion -- total borrowings under the credit facility reached $1.865 billion.
Matador agreed to buy Ameredev Stateline II for $1.905 billion cash -- its second blockbuster Delaware Basin deal in under 18 months -- adding producing properties and undeveloped acreage in Lea County, New Mexico and Loving/Winkler Counties, Texas, plus a roughly 19% stake in Pinon Midstream, LLC. To help fund it, Matador lined up a new $250 million term loan and an increase in its revolver commitment to $2.25 billion.
Matador completed its cash tender offer for the outstanding 5.875% Senior Notes due 2026, using proceeds from the new 2032 notes -- wrapping up the refinancing.
Matador again expanded its credit facility (borrowing base to $2.5 billion, maximum facility to $2.0 billion, elected commitment to $1.325 billion) and, in the same announcement, raised its dividend 33% to $0.20 per share -- continued balance-sheet growth alongside returning more cash to shareholders.
Matador closed the Advance Energy Partners acquisition, paying an adjusted purchase price of approximately $1.598 billion in cash -- its largest deal to date, completed less than three months after signing.
The 2028 notes closed, netting about $488 million; the notes mature April 2028 and carry the same subsidiary guarantees and change-of-control protections as Matador's other senior notes.
Matador priced $500 million of new 6.875% Senior Notes due 2028 -- upsized from the previously announced $400 million -- to help fund the pending Advance Energy Partners acquisition.
Ahead of closing the Advance Energy Partners deal, Matador expanded its credit facility (elected commitment from $775 million to $1.25 billion, borrowing base reaffirmed at $2.25 billion) and switched administrative agents from Royal Bank of Canada to Truist Bank; it also announced plans for a $400 million private notes offering.