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
Delaware Basin drilling inventory
“ten to 15 years”
Period
The long term
Measure
GAAP-tied
Source
Prose
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
Matador aims, with a conservative balance sheet, to use our free cash flow to return capital to our shareholders through dividends and share repurchases and to reinvest in our business through our brick-by-brick land acquisition strategy. In the second half of 2025 and into 2026, we expect to continue to increase our ten to 15 years of quality Delaware Basin inventory and to enhance our asset positions in our key asset areas to drive growth and profitability. Matador is excited about the growing upstream and midstream opportunities we can see ahead of us for our business going forward.” 1 Upstream Operations Summary Matador delivered record production in the second quarter of 2025 of 209,013 barrels of oil and natural gas equivalent per day including 122,875 barrels of oil per day. These results were above our guidance range for production volumes, and we achieved this record production through outperformance of both wells turned to sales this year and our pre-existing base production (see Slide C ). Matador turned to sales 32 gross (22.8 net) operated wells during the second quarter of 2025. Matador’s reserve growth is expected to be generally consistent with its production growth. In response to market and commodity price volatility in the beginning of the second quarter, Matador announced in April it would moderate its drilling activity in 2025. Following through with this announcement, Matador contractually released its ninth drilling rig earlier this summer and expects to operate eight drilling rigs by A
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.