Matador Resources Company (NYSE: MTDR) announced it has entered into multiple agreements with affiliates of Energy Transfer LP, including a gas supply agreement and natural gas liquid agreements for its Delaware Basin operations.

The gas supply agreement aims to improve pricing and reduce exposure to Waha Hub pricing in the second half of 2026, according to the company's statement. The deal is designed to bridge the gap before Matador's transportation agreement on Energy Transfer's Hugh Brinson Pipeline becomes effective.

Matador previously announced on October 30, 2025, that it secured firm transportation on the Hugh Brinson Pipeline to move 500,000 MMBtu per day of natural gas production out of the Permian Basin to markets with historically higher pricing than the Waha Hub.

The company also executed separate natural gas liquid agreements with Energy Transfer affiliates to dedicate and sell NGLs from multiple Delaware Basin sources. Energy Transfer will use the natural gas to meet demand from artificial intelligence-driven data centers and power generation markets.

"We are excited for the opportunity to continue our working relationship with Energy Transfer," said Joseph Wm. Foran, Matador's founder, chairman and CEO. "We anticipate that this transaction is expected to increase the price that Matador realizes for its natural gas production until then."

Matador operates primarily in the oil and liquids-rich Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The company also has operations in the Haynesville shale and Cotton Valley plays in Northwest Louisiana.