MTDR News & Events

"Matador's first quarter 2026 average daily total production of 207,594 barrels of oil equivalent per day, consisting of 120,277 barrels of oil per day and 523.9 million cubic feet of natural gas per day, exceeded the upper end of our production guidance. This first quarter 2026 production represented a 5% increase as compared to the first quarter of 2025 production. This production outperformance was achieved notwithstanding the impact of negative Waha natural gas pricing, including approximately 3,000 BOE per day of related elective shut-ins and approximately 4,000 BOE per day of weather-related well shut-ins associated with Winter Storm Fern. Our audited total proved oil and natural gas reserves grew to 667.0 million BOE at December 31, 2025, a 9% increase, from 611.5 million BOE at year end 2024, driven by consistent production, operational and geologic outperformance.

Reports Q1 revenue $671.64M, consensus $861.91M. Joseph Wm. Foran, Matador's Founder, Chairman and CEO, commented, "Matador is pleased to report a strong start to 2026. First quarter results exceeded the midpoint of our prior oil production guidance by 3%, and we have paid down over $350 million on our reserve-based lending facility since year-end. Our capital spending during the quarter finished in line with previous guidance estimates that focused on operational efficiencies, increasing reserves, and cost saving initiatives. In light of these improvements and increased commodity pricing, estimated adjusted free cash flow for the full year 2026 will be approximately $1.1 to $1.2 billion (assuming strip oil and natural gas pricing as of early May 2026) compared to adjusted free cash flow for full year 2025 of $437 million, excluding land and seismic costs."