HighGravityDataMatador Resources — May 6, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001520006-26-000019
Showing in the filing
Total Oil Equivalent Production, BOE per day
“210,500 to 216,000”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 26
Estimated adjusted free cash flow for FY2026
“approximately $1.1 to $1.2 billion”
Drilling and completion cost per completed l… for FY2026
“$805 per completed lateral foot down to $785 at the low end”
Estimated increase in natural gas revenue fo…
“approximately $90 million annually”
RBL borrowings repayment
“full repayment”
Liquidity
“$2.2 billion”
Oil production increase vs. 2025 for FY2026
“3.5% increase”
Total D/C/E and midstream CapEx reduction vs… for FY2026
“11%”
Net lateral footage turned to sales for FY2026
“~1.25 million net lateral feet”
Average Daily Oil Production, Bbl per day for Q2 FY2026
“123,000 to 125,000”
Oil Production, Bbl per day for FY2026
“123,000 to 125,000”
Total Oil Equivalent Production, BOE per day for FY2026
“210,500 to 216,000”
Total operating expenses per BOE (1) for FY2026
“$31.00 to $33.00”
Current income taxes (% of pretax income) for FY2026
“0% to 1%”
Non-cash DD&A per BOE (within total operatin… for FY2026
“$15.50 to $15.80”
Non-cash G&A expenses per BOE (within total … for FY2026
“$0.20 to $0.30”
Sequential oil production growth for Q2 FY2026
“~3% to a quarterly record of ~124,000 barrels per day”
Expected elective shut-in of volumes due to … for Q2 FY2026
“~8,000 BOE per day (20% oil)”
Expected scheduled maintenance on third-part… for Q2 FY2026
“~2,000 BOE per day (60% oil)”
Average Daily Total Production, BOE per day for Q2 FY2026
“206,000 to 212,000”
Average Daily Natural Gas Production, MMcf p… for Q2 FY2026
“498.0 to 522.0”
% Oil for Q2 FY2026
“59%”
Net operated horizontal wells expected to tu… for Q2 FY2026
“23 to 28”
D/C/E and midstream CapEx for Q2 FY2026
“approximately $430 to $460 million”
Total expected CapEx for FY2026
“$858 to $888 million”
Total expected CapEx for first half of 2026 for H1 FY2026
“$858 to $888 million”
Midpoint of CapEx for Q2 FY2026
“$445 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
Guidance Metric Prior Full-Year 2026 Guidance Range New Full-Year 2026 Guidance Range Oil Production, Bbl per day 122,000 to 124,000 123,000 to 125,000 Natural Gas Production, MMcf per day 525.0 to 545.0 No Change Total Oil Equivalent Production, BOE per day 209,500 to 215,000 210,500 to 216,000 Total operating expenses per BOE (1) $30.00 to $31.00 $31.00 to $33.00 Current income taxes (% of pretax income) 0% to 0.5% 0% to 1% D/C/E CapEx (2) $1.35 to $1.44 billion No Change Midstream CapEx (3) $100 to $110 million No Change Total CapEx $1.45 to $1.55 billion No Change (1) Includes estimated non-cash operating expenses in 2026 of $15.50 to $15.80 per BOE for DD&A and $0.20 to $0.30 per BOE for non-cash G&A expenses, respectively. (2) Capital expenditures associated with drilling, completing and equipping wells. (3) Includes Matador’s share of estimated capital expenditures for San Mateo and other wholly-owned midstream projects. Operational and Financial Update First Quarter 2026 Oil, Natural Gas and Total BOE Production As summarized in the table below, Matador’s total BOE production averaged 207,594 BOE per day in the first quarter of 2026, which was a 5% year-over-year increase from an average of 198,631 BOE per day in the first quarter of 2025 and 2% better than the midpoint of Matador’s expected first quarter production guidance of 203,000 BOE per day. The better-than-expected oil and natural gas production was primarily due to (1) outperformance of Matador’s new well
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.