Matador Resources raises 2026 midstream capital spending forecast to $170 million-$190 million

Bitget2026/11/02 11:31

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Matador Resources expects 2026 midstream capital spending of $170 million to $190 million, up approximately $25 million, to fund expansion work.
New long-term producer agreements underpin San Mateo’s Marlan expansion, targeted for completion by year-end 2028, adding 300 million cubic feet daily.
The expansion could generate more than $100 million in San Mateo adjusted EBITDA by the end of 2029, with immediate capacity utilization.
Total natural gas processing capacity is expected to exceed 1 billion cubic feet daily upon completion.
Separately, rising utilization of the acquired Cardinal system is projected to contribute $100 million to $115 million in adjusted EBITDA by 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Matador Resources Company published the original content used to generate this news brief via Business Wire (Ref. ID: 202611020630BIZWIRE_USPR_____20261102_BW428479) on November 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Matador Resources raises 2026 midstream capital spending forecast to $170 million-$190 million

You may also like

Crypto prices