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
Oil, Bbl per day (Q3 2025E)
“116,500 to 118,000”
Period
Q3 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
Q2 and Q3 2025 Production Comparison Period Average Daily Total Production, BOE per day Average Daily Oil Production, Bbl per day Average Daily Natural Gas Production, MMcf per day % Oil Q2 2025 209,013 122,875 516.8 59% Q3 2025E 198,500 to 201,000 116,500 to 118,000 492.0 to 498.0 59% Third Quarter 2025 Estimated Wells Turned to Sales At July 22, 2025, Matador expects to turn to sales 28 to 32 net operated horizontal wells in the Delaware Basin during the third quarter of 2025. Approximately 60 to 65% of these wells are expected to be in the Antelope Ridge asset area in Lea County, New Mexico. The remaining wells are in the Ranger asset area in Lea County, New Mexico and in the Rustler Breaks and Arrowhead asset areas in Eddy County, New Mexico. Approximately two-thirds of the operated wells expected to be turned to sales in the third quarter are in the second half of the quarter and, as a result, do not contribute to production in the full third quarter of 2025. Third Quarter 2025 Estimated Capital Expenditures Matador expects D/C/E capital expenditures for the third quarter of 2025 will be approximately $300 to $370 million, which is a 3% decrease as compared to $345.3 million for the second quarter of 2025, primarily due the reduction in operated rig activity announced in April. Matador expects its proportionate share of midstream capital expenditures will be approximately $25 to $55 million in the third quarter of 2025, which is a 29% dec
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.