HighGravityDataMatador Resources — Jul 22, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001520006-25-000188
Showing in the filing
D/C/E CapEx (2)
“$1.18 to $1.37 billion”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 25
Quarterly base dividend
“$0.3125 per share”
Quarterly cash dividend
“$0.3125 per share”
Annualized dividend
“$1.25 per share”
For total daily production for FY2025
“200,000 – 205,000 BOE/d”
Delaware Basin drilling inventory for the long term
“ten to 15 years”
Drilling rigs operated for FY2025
“eight”
Operated drilling rig count for FY2025
“eight drilling rigs”
Total, BOE per day (Full-Year 2025) for FY2025
“200,000 to 205,000”
Oil, Bbl per day (Full-Year 2025) for FY2025
“117,500 to 119,500”
Natural Gas, MMcf per day (Full-Year 2025) for FY2025
“495 to 513”
D/C/E CapEx (2) for FY2025
“$1.18 to $1.37 billion”
Midstream CapEx (3) for FY2025
“$120 to $180 million”
Total CapEx for FY2025
“$1.30 to $1.55 billion”
% Oil (Q3 2025E) for Q3 FY2025
“59%”
Average Daily Total Production, BOE per day for Q3 FY2025
“198,500 to 201,000”
Total, BOE per day (Q3 2025E) for Q3 FY2025
“198,500 to 201,000”
Average Daily Oil Production, Bbl per day for Q3 FY2025
“116,500 to 118,000”
Oil, Bbl per day (Q3 2025E) for Q3 FY2025
“116,500 to 118,000”
Average Daily Natural Gas Production, MMcf p… for Q3 FY2025
“492.0 to 498.0”
Operated horizontal wells turned to sales for Q3 FY2025
“28 to 32 net operated horizontal wells”
Percentage of Q3 wells in Antelope Ridge ass… for Q3 FY2025
“60 to 65%”
D/C/E capital expenditures for Q3 FY2025
“approximately $300 to $370 million”
Proportionate share of midstream capital exp… for Q3 FY2025
“approximately $25 to $55 million”
Expected cash tax payments (% of pre-tax boo… for FY2025
“a range of 0 to 5% of pre-tax book net income”
Corporate Alternative Minimum Tax applicabil… for FY2026
“does not expect to be subject to the Corporate Alternative Minimum Tax”
Exhibit 99.1 · the passage around this item
… earlier in the release
Production Prior Full-Year 2025 Guidance Range New Full-Year 2025 Guidance Range Difference (1) Total, BOE per day 198,000 to 202,000 200,000 to 205,000 +1.3% Oil, Bbl per day 117,000 to 119,000 117,500 to 119,500 +0.4% Natural Gas, MMcf per day 486 to 498 495 to 513 +2.4% D/C/E CapEx (2) $1.18 to $1.37 billion $1.18 to $1.37 billion No Change Midstream CapEx (3) $120 to $180 million $120 to $180 million No Change Total CapEx $1.30 to $1.55 billion $1.30 to $1.55 billion No Change (1) The midpoint of guidance as updated on July 22, 2025 as compared to the midpoint of guidance provided on April 23, 2025. (2) Capital expenditures associated with drilling, completing and equipping wells. (3) Includes Matador’s share of estimated capital expenditures for San Mateo and other wholly-owned midstream projects. Operational and Financial Update Hedging Update The following tables summarize Matador’s oil and natural gas hedges that were in place as of June 30, 2025. Oil Costless Collars Volume Hedged (Bbl per day) Weighted Average Price Floor ($/Bbl) Weighted Average Price Ceiling ($/Bbl) H2 2025 70,000 $52 $77 Natural Gas Costless Collars Volume Hedged (MMcf per day) Weighted Average Price Floor ($/MMBtu) Weighted Average Price Ceiling ($/MMBtu) 2026 150.0 $3.50 $6.70 Waha Basis Differential Swaps Volume Hedged (MMcf per day) Weighted Average Swap Price ($/MMBtu) 2025 30.0 -$0.59 2026 150.0 -$2.52 Second Quarter 2025 Oil, Natural Gas and Total Oil and Natural Gas Equivalent Production As summarize
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.