Matador Resources entered multiple agreements with Energy Transfer affiliates. These include a new gas supply agreement.

The deal aims to improve Matador's natural gas pricing. It also seeks to reduce exposure to volatile Waha Hub pricing in the second half of 2026.

These agreements bridge the period until Matador's long-term, 500,000 MMBtu per day firm transportation capacity on Energy Transfer’s Hugh Brinson Pipeline becomes effective.

Matador also executed separate agreements to sell its natural gas liquids (NGLs) from the Delaware Basin to Energy Transfer. This is expected to help supply growing demand from AI data centers.