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
Drilling rigs operated
“eight”
Period
FY2025
Measure
Company-defined measure
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
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 August 1, 2025. Despite this reduced rig activity, Matador plans to turn-to-sales record yearly lateral footage in 2025, which is accomplished by reduced drilling times, higher optimization of simul or trimul-frac and other operational and vendor efficiencies (see Slide D ). The Matador team expects to continue to evaluate opportunities to adjust its operated rig count through the remainder of 2025 as it balances production and reserve growth with free cash flow generation for 2025, 2026 and beyond. San Mateo Summary San Mateo Midstream increased its processing capacity from 520 MMcf/d to 720 MMcf/d with the successful startup of the Marlan Plant expansion, which was delivered on-time and on-budget in May 2025, especially since the completion of the connector between the Black River and Marlan systems (see Slide E ). The system continues to deliver flow assurance to both Matador and third-party producers. We believe the strategic value of this flow assurance contributes to Matador’s leading free cash flow margin and reduces commodity price volatility. Matador will continue to look for opportunities to highlight the ways this asset is creating value for Matador’s s
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.