In December 2025, Matador Resources reported that its borrowing base under its reserves-based loan facility was unanimously reaffirmed at US$3.25 billion, while its elected commitment stayed at US$2.25 billion and borrowing costs edged lower.
At the same time, lender commitments to its San Mateo Midstream joint venture’s revolving credit facility rose by 29% to US$1.10 billion, underscoring strong bank support for Matador’s integrated Delaware Basin infrastructure footprint.
We’ll now examine how the larger San Mateo credit facility could influence Matador’s investment narrative around midstream-led margin resilience.
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To own Matador Resources, you generally have to believe in its concentrated Delaware Basin model and the value of its owned infrastructure. The reaffirmed US$3.25 billion borrowing base and larger San Mateo credit facility support near term funding flexibility, but they do not materially change the key near term story, which still hinges on balancing capital intensive growth with consistent free cash flow in a region exposed to commodity and regulatory risk.
The most relevant recent announcement here is the expansion of San Mateo’s revolving credit facility to US$1.10 billion, alongside Matador’s higher RBL capacity and slightly lower borrowing costs. Together, these moves underline how central midstream-backed cash flow resilience and bank support have become to the investment case, even as high leverage and ongoing spending needs keep balance sheet risk firmly on the radar.
Yet against this stronger bank support, Matador’s high debt load and capital intensity remain issues investors should be aware of…
Read the full narrative on Matador Resources (it’s free!)
Matador Resources’ narrative projects $4.3 billion revenue and $840.5 million earnings by 2028.
Uncover how Matador Resources’ forecasts yield a $58.16 fair value, a 39% upside to its current price.
Five Simply Wall St Community fair value estimates span roughly US$30 to about US$138 per share, showing how far views can stretch on Matador’s potential. When you layer that onto the company’s heavy Delaware Basin concentration and ongoing regulatory and commodity price risks, it becomes even more important to compare several viewpoints before deciding how this stock might fit into your portfolio.
Explore 5 other fair value estimates on Matador Resources – why the stock might be worth 28% less than the current price!
Read More: Expanded Credit Lines Might Change The Case For Investing In Matador
