HighGravityDataMatador Resources — Aug 5, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001520006-26-000036
Showing in the filing
Oil production growth (year-over-year)
“7%”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 46
Oil Production, Bbl per day for FY2026
“123,000 to 125,000”
Outlook for oil for FY2026
“up to 7% year-over-year oil production growth”
Oil production growth (year-over-year) for FY2026
“7%”
Paloma acquisition estimated production for Q3 FY2026
“approximately 11,100 BOE per day (57% oil)”
Future well costs associated with the Federa…
“15% to 20% below Matador’s current drilling and completion cost per completed lateral foot average”
Well costs on adjacent assets for Q3 FY2026
“as low as $640 per completed lateral foot”
Cost per completed lateral foot estimates for FY2026
“$795 per foot”
Average 12-month cumulative oil production (…
“20% to 30% higher than Matador’s average 12-month cumulative oil production for wells turned to sales in previous years”
Rates of return on the properties being acqu…
“exceed 80% on average”
Well cost reductions (Woodford)
“30% to 40% well cost reductions”
Cost per completed lateral foot on Woodford … for FY2028
“$800 to $900 per completed lateral foot”
Woodford well cost target for FY2028
“$800 to $900 per completed lateral foot”
Adjusted free cash flow for FY2026
“approximately $900 million”
Target leverage ratio for FY2027
“1.0x”
Timing of flow on Hugh Brinson pipeline for Q3 FY2026
“by the end of the third quarter of 2026”
D/C/E capital expenditures for FY2026
“$1.48 to $1.56 billion”
Drilling, completing and equipping ("D/C/E")… for FY2026
“$1.48 to $1.56 billion”
Midstream capital expenditures for FY2026
“$145 to $165 million”
Net operated wells turned-in-line for FY2026
“112.6”
Net non-operated wells turned-in-line for FY2026
“15.9”
Natural Gas Production, MMcf per day for FY2026
“525 to 545”
Total Oil Equivalent Production, BOE per day for FY2026
“210,500 to 216,000”
Total operating expenses per BOE for FY2026
“$31.00 to $33.00”
Current income taxes (% of pretax income) for FY2026
“0% to 1%”
D/C/E CapEx for FY2026
“$1.35 to $1.44 billion”
Midstream CapEx for FY2026
“$100 to $110 million”
Total CapEx for FY2026
“$1.625 to $1.725 billion”
Midpoint of Matador’s expected 2026 production for FY2026
“221,000 BOE per day”
Organic improvement to expected production for FY2026
“3,550 BOE per day (64% oil)”
Organic oil production growth (year-over-yea… for FY2026
“6%”
Midpoint of 2026 D/C/E capital expenditure for FY2026
“$1.52 billion”
Midpoint of 2026 midstream capital expenditure for FY2026
“$155 million”
Midpoint of total capital expenditure expect… for FY2026
“$1.675 billion”
Overall costs per completed lateral foot for FY2026
“$785 to $805”
Oil production (sequential growth) for Q3 FY2026
“approximately 3% to a quarterly record of approximately 129,500 barrels per day”
Sequential oil production growth to quarterl… for Q3 FY2026
“approximately 129,500 barrels per day”
Sequential production growth for Q4 FY2026
“approximately 5% to 6%”
Paloma and Ridge Runner acquisitions product… for Q4 FY2026
“approximately 10,000 BOE per day (57% oil)”
Production contribution from Paloma and Ridg… for Q4 FY2026
“approximately 10,000 BOE per day (57% oil)”
% Oil for Q3 FY2026
“58%”
Average Daily Total Production, BOE per day for Q3 FY2026
“222,000 to 226,000”
Average Daily Oil Production, Bbl per day for Q3 FY2026
“128,500 to 130,500”
Average Daily Natural Gas Production, MMcf p… for Q3 FY2026
“561.0 to 573.0”
Net operated horizontal wells expected to tu… for Q3 FY2026
“30 to 33”
D/C/E and midstream capital expenditures for Q3 FY2026
“approximately $410 to $440 million”
Midpoint of capital expenditure for Q3 FY2026
“$425 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
“During the quarter, despite external headwinds and associated oil volume shut-ins, Matador exceeded its expected range for oil production (123,000 to 125,000 barrels of oil per day) and delivered record average oil production of 126,106 barrels of oil per day. On the strength of this performance, we have increased our full-year 2026 outlook for oil from 4% growth up to 7% year-over-year oil production growth. In addition, Matador grew its total proved oil and natural gas reserves 5%, from 667 million barrels of oil equivalent (“BOE”) at December 31, 2025 to a record 703 million BOE at June 30, 2026. The Company also generated net cash provided by operating activities of $937.1 million, leading to near-record adjusted free cash flow of $303.2 million during the second quarter of 2026, nearly tripling first quarter 2026 adjusted free cash flow of $113.3 million. This cash flow generation allowed Matador to repay over $200 million of borrowings associated with the Federal lease sale in May 2026. Strategic Transformational Acquisitions “We successfully executed on four of our strategic catalysts during the first half of 2026 including: 1. May 2026, Federal Lease Sale . Acquired 5,154 net undeveloped acres located in what we believe to be the most prolific areas of the Delaware Basin with nine or more prospective formations and added over 141 net operated locations. 2. June/July 2026, Cardinal Midstream Acquisition . San Mateo acquired Cardinal Midstream, which adds complementary midstream assets including (i) a cryogenic natural gas processing plant co
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.