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
Current income taxes (% of pretax income)
“0% to 1%”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
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
Guidance Metric Prior Full-Year 2026 Guidance Range New Full-Year 2026 Guidance Range (4) Oil Production, Bbl per day 123,000 to 125,000 127,500 to 129,000 Natural Gas Production, MMcf per day 525 to 545 546 to 567 Total Oil Equivalent Production, BOE per day 210,500 to 216,000 218,500 to 223,500 Total operating expenses per BOE (1) $31.00 to $33.00 $32.00 to $34.00 Current income taxes (% of pretax income) 0% to 1% No Change D/C/E CapEx (2) $1.35 to $1.44 billion $1.48 to $1.56 billion Midstream CapEx (3) $100 to $110 million $145 to $165 million Total CapEx $1.45 to $1.55 billion $1.625 to $1.725 billion (1) Includes estimated non-cash operating expenses in 2026 of $15.85 to $16.15 per BOE for DD&A and $0.20 to $0.30 per BOE for non-cash general and administrative (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. (4) Includes production associated with the pending Paloma and Ridge Runner acquisitions that are expected to close in the fourth quarter of 2026, subject to customary closing conditions. Includes the Cardinal Midstream acquisition, which closed on July 31, 2026. The 4% increase in the midpoint of Matador’s expected 2026 production from 213,250 BOE per day to 221,000 BOE per day is attributable to: 1. 1,700 BOE per day (32% oil) from better-than-expected production in the second quarter of 2026 as detailed below, 2. 3,550 BOE per day (64% oil) from organic improvements to expected production in the sec
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.