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
Organic production (base case)
“approximately 210,000 BOE per day”
Period
FY2026
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
Matador has the ability to flex its capital program up or down based upon changes in economic conditions, including commodity and service prices. Given current market conditions, Matador expects an organic increase in production to approximately 210,000 BOE per day in 2026 with expected oil production growth of 2 to 5% from 2025 to 2026. Furthermore, Matador believes it can achieve this growth or more while reducing total CapEx by 8 to 12% from 2025 to 2026 while completing and turning to sales approximately the same lateral footage in 2026 as in 2025. Matador expects that this capital and operating plan will allow it to advance its other top priorities, which include (i) maintaining a strong balance sheet, (ii) continuing to grow its proved reserves in various ways, (iii) increasing engineered inventory locations with new horizons and areas across its asset position, (iv) maintaining its brick-by-brick acreage acquisition strategy and (v) continuing to enhance its midstream businesses to service the growth of Matador and other third-party producers. Yet, Matador is fully prepared to make adjustments and to update our guidance as necessary in today’s volatile times and conditions to keep our shareholders, the public and other interested parties informed of our plans and opportunities. San Mateo Effect While the land, engineering and geology teams continue to organically grow our asset positions, Matador’s integrated midstream business, San M
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.