Author: Bill Hethcock (Dallas Business Journal), Dallas Business Journal, Lauren McDonald
Published: 6:44 AM CDT March 12, 2026
Updated: 6:44 AM CDT March 12, 2026
DALLAS — This article was originally published in the Dallas Business Journal. Read the original article and more business content here.
The ongoing conflict in Iran has shaken the oil and gas world, impacting multiple Dallas-Fort Worth companies, and there’s no end in sight for the violence.
Tensions continue to rise since the U.S. and Israel launched wide-ranging strikes on Iran on Feb. 28. Iran on March 9 named the hardline son of the late Ayatollah Ali Khamenei as its new supreme leader, signaling the Islamic Republic’s resolve in the conflict.
America, the world’s largest oil producer, is more immune to the shocks than markets such as Asia. But they still resonate here, especially for the stock prices of energy companies headquartered in DFW such as HF Sinclair, Sunoco LP, Atmos Energy and Matador Resources Co.
HF Sinclair and Matador Resources have been amongst the biggest gainers. Dallas-based HF Sinclair (NYSE: DINO) has seen its stock price increase more than 6% since the conflict began from around $50 per share to $53.12 at the close of trading on March 10. Dallas-based Matador has seen its stock jump almost 6%, from $51.40 per share prior to the conflict to a close of $54.48 on March 10. Many oil and gas exploration and production companies are outperforming the S&P by 10% since before the conflict began, Depoe said. Oil and gas operators in Texas and beyond will see a cash flow boost this year, he added, due to price increases.
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