Matador Resources Increases Credit Commitments to $2.75B

Matador Resources Company's subsidiary, MRC Energy Company, amended its credit agreement, reaffirming its borrowing base at $3.25 billion and increasing aggregate elected borrowing commitments from $2.25 billion to $2.75 billion. This amendment, which constituted the regularly scheduled May 1 redetermination, also involved new and increasing lenders. Additionally, the company held its Annual Meeting of Shareholders on June 11, 2026. At the meeting, directors were elected, 2025 executive compensation was approved, and KPMG LLP was ratified as the independent auditor for 2026.