HighGravityDataMatador Resources — Feb 18, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001520006-25-000032
Showing in the filing
Cash tax payments (% of pre-tax book net income)
“approximately 5 to 10%”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 40
Annual dividend rate for FY2024
“$1.25 annually, or $0.3125 per quarter”
Dividend policy
“$1.25 annually, or $0.3125 per quarter”
Quarterly cash dividend for FY2025
“$0.3125 per share of common stock”
Quarterly cash dividend
“$0.3125 per share”
Adjusted free cash flow for FY2025
“approach $1 billion”
Additional drilling and completion cost syne…
“over $150 million”
Marlan Plant expansion for Q2 FY2025
“expected to be online”
Average daily BOE production for FY2025
“205,000 BOE per day”
Average daily oil production for FY2025
“122,000 barrels of oil per day”
San Mateo Adjusted EBITDA for FY2025
“$285 million”
San Mateo natural gas processing capacity for Q2 FY2025
“720 million cubic feet per day”
Oil production for FY2025
“120,000 to 124,000 barrels per day”
Natural gas production for FY2025
“492.0 to 504.0 million cubic feet per day”
Total production for FY2025
“202,000 to 208,000 BOE per day”
Drilling, completing and equipping capital e… for FY2025
“$1.28 to $1.47 billion”
Midstream capital expenditures for FY2025
“$120 to $180 million”
% Oil for Q1 FY2025
“59%”
Natural Gas Production for FY2025
“492.0 to 504.0 MMcf/d”
Oil Equivalent Production for FY2025
“202,000 to 208,000 BOE/d”
Midstream CapEx (6) for FY2025
“$120 to $180 million”
Total D/C/E and Midstream CapEx for FY2025
“$1.40 to $1.65 billion”
Total capital expenditures for FY2025
“$1.53 billion”
Operated (D/C/E CapEx) for FY2025
“$1.16 to $1.32 billion”
Non-Operated (D/C/E CapEx) for FY2025
“$70 to $90 million”
Capitalized G&A and Interest (D/C/E CapEx) for FY2025
“$50 to $60 million”
Total D/C/E CapEx for FY2025
“$1.28 to $1.47 billion”
Artificial lift and other production-related… for FY2025
“$60 to $70 million”
Drilling and completion costs per completed … for FY2025
“between $865 to $895 per completed lateral foot”
Simul-Frac and Trimul-Frac operations share … for FY2025
“over 80%”
Trimul-Frac share of anticipated completions for FY2025
“approximately 35%”
Matador's 51% share of San Mateo capital exp… for FY2025
“$90 to $130 million”
San Mateo estimated capital expenditures (10… for FY2025
“approximately $176 to $255 million”
Other wholly-owned midstream projects capita… for FY2025
“$30 to $50 million”
Average Daily Total Production, BOE per day … for Q1 FY2025
“195,000 to 197,000”
Average Daily Oil Production, Bbl per day (Q… for Q1 FY2025
“114,000 to 115,000”
Average Daily Natural Gas Production, MMcf p… for Q1 FY2025
“486.0 to 492.0”
Operated wells turned to sales for Q1 FY2025
“between 35 and 40”
D/C/E capital expenditures for Q1 FY2025
“approximately $340 to $400 million”
Proportionate share of midstream capital exp… for Q1 FY2025
“approximately $65 to $95 million”
Cash tax payments (% of pre-tax book net inc… for FY2025
“approximately 5 to 10%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Midstream capital expenditures are expected to be higher in the first quarter of 2025 as compared to the remainder of 2025 primarily due to costs associated with the completion of the Marlan Plant expansion. 2025 Estimated Cash Taxes Matador expects to make cash tax payments of approximately 5 to 10% of pre-tax book net income for the year ended December 31, 2025 at current commodity prices, as compared to cash tax payments of approximately 2% of pre-tax book net income for the year ended December 31, 2024. The Company’s cash tax payments will be dependent upon a variety of factors that will impact taxable income, including oil and natural gas prices, allowable deductions and any legislative changes thereon, and any tax credits generated that would offset tax liabilities in 2025. Conference Call Information The Company will host a live conference call on Wednesday, February 19, 2025, at 9:00 a.m. Central Time to discuss its fourth quarter and full year 2024 financial and operational results, as well as its 2025 operating plan and market guidance. To access the live conference call by phone, you can use the following link https://register.vevent.com/register/BIa2657091ad6f4bdc9092002a18d1e2dc and you will be provided with dial in details. To avoid delays, it is recommended that participants dial into the conference call 15 minutes ahead of the scheduled start time. 12 The live conference call will also be available through the Company’s website at www.matadorresources.com on th
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.