HighGravityDataMatador Resources — Oct 21, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001520006-25-000215
Showing in the filing
Net operated wells drilled and turned to sales
“118.3”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 26
Production for FY2025
“205,500 to 206,500 BOE per day”
Total production, BOE per day for FY2025
“205,500 to 206,500”
Completed well count for FY2025
“118.3”
Net operated wells drilled and turned to sales for FY2025
“118.3”
Organic oil production growth for FY2025
“2 to 5%”
Drilling and completion cost per completed l… for FY2025
“$835 to $855 per completed lateral foot”
Total capital expenditures vs 2025 for FY2026
“8 to 12% lower total capital expenditures”
D/C/E CapEx for FY2025
“$1.47 to $1.55 billion”
Organic production (base case) for FY2026
“approximately 210,000 BOE per day”
San Mateo anticipated record annual Adjusted… for FY2025
“$285 to $295 million”
Annualized dividend
“$1.50 annually, or $0.375 per quarter”
Dividend policy
“$1.50 annually, or $0.375 per quarter”
Quarterly cash dividend declared for FY2025
“$0.375 per share”
Quarterly cash dividend
“$0.375 per share”
Oil production, Bbl per day for FY2025
“119,250 to 119,750”
Natural Gas production, MMcf per day for FY2025
“517.5 to 520.5”
Midstream CapEx (2) for FY2025
“$155 to $175 million”
Total CapEx for FY2025
“$1.625 to $1.725 billion”
Average Daily Total Production, BOE per day for Q4 FY2025
“205,000 to 208,000”
Average Daily Oil Production, Bbl per day for Q4 FY2025
“119,000 to 121,000”
Average Daily Natural Gas Production, MMcf p… for Q4 FY2025
“516 to 522”
% Oil for Q4 FY2025
“58%”
Net operated horizontal wells turned to sales for Q4 FY2025
“27.5”
Net operated horizontal wells turned to sales for FY2026
“13.6”
D/C/E CapEx for Q4 FY2025
“approximately $300 to $380 million”
Midstream CapEx for Q4 FY2025
“approximately $10 to $30 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
2025 and 2026 Guidance Updates • Increased 2025 full-year production guidance range from 200,000 to 205,000 BOE per day to 205,500 to 206,500 BOE per day; 1 • Increased the number of operated wells expected to be drilled and turned to sales in full-year 2025 from 106.3 net operated wells to 118.3 net operated wells. These 12 additional net operated wells turned to sales in 2025 are expected to increase production rates in the fourth quarter of 2025 and the first quarter of 2026; • Base case for 2026 organic production is expected to yield approximately 210,000 BOE per day with expected organic oil production growth of 2 to 5% from full-year 2025 to full-year 2026 (exclusive of acquisitions); • Updated full-year 2025 drilling, completing and equipping (“D/C/E”) capital expenditure (“CapEx”) estimate from $1.18 to $1.37 billion to $1.47 to $1.55 billion primarily due to the drilling and completion of the 12 additional net operated wells noted above, which was made possible by operational efficiencies and historical opportunities to experience lower service pricing during the second half of a production year; • Decreased expected full-year 2025 drilling and completion cost per lateral foot from a range of $865 to $895 per completed lateral foot to a lower range of $835 to $855 per completed lateral foot; • Highly capital-efficient program expected for 2026 with flexibility to adjust production and CapEx depending on external factors such as commodity prices and the economy; and • An improved ca
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.