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
San Mateo anticipated record annual Adjusted EBITDA
“$285 to $295 million”
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
Now that the Marlan plant expansion is online and processing natural gas, San Mateo processed a record 533 MMcf per day during the third quarter of 2025, an increase of 10% from 486 MMcf per day in the second quarter of 2025, contributing to third quarter of 2025 San Mateo net income of $50 million and Adjusted EBITDA of $74 million, which were in line with expectations and sets up San Mateo for anticipated record annual Adjusted 2025 EBITDA of $285 to $295 million. In light of San Mateo’s significant cash flows and growth potential, Matador continues to believe that the value of San Mateo is not fully realized in Matador’s current share price. The team is continuing to work towards strategic solutions for increasing San Mateo’s value and potential. 3 Financial Summary Matador’s integrated upstream and midstream business generated net income of $176 million with earnings per share of $1.42 and adjusted earnings per share of $1.36 in the third quarter of 2025. Net cash provided by operating activities was $722 million, or an increase of 44% from $501 million in the second quarter of 2025, and adjusted EBITDA was $567 million during the third quarter of 2025, leading to adjusted free cash flow of $93 million. Matador used this $93 million of free cash flow and the benefit from working capital changes of $123 million during the third quarter of 2025 to pay down an additional $105 million of borrowings under its RBL during the third quarter of 2025. This paydown reduced total borrowings under the RBL from $390 million at June 30, 2025 to $285 million as of September 30, 2025. In total, Matador has paid down $311 million in borrowings under the R
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.