Matador Resources Company (MTDR)

Matador Resources Secures Gas and NGL Agreements With Energy Transfer (MTDR)June 4, 2026 10:00 AM
IH Market News Matador Resources Company (NYSE:MTDR) has entered into a series of agreements with affiliates of Energy Transfer LP aimed at enhancing the value of its natural gas and natural gas liquids production from the Delaware Basin. The arrangements include a new gas supply agreement as well as separate contracts covering the sale and transportation of natural gas liquids, strengthening Matador’s market access ahead of planned pipeline capacity coming online. Agreement Targets Improved Gas Pricing According to the company, the gas supply agreement is expected to improve realized pricing for its natural gas production during the second half of 2026 while reducing its exposure to pricing at the Waha Hub, a benchmark that has historically traded at a discount due to regional supply constraints. The deal is intended to serve as an interim solution before Matador’s previously announced transportation commitment on Energy Transfer’s Hugh Brinson Pipeline becomes operational. Bridge to Long-Term Transportation Capacity Matador disclosed in October 2025 that it had secured firm transportation rights on the Hugh Brinson Pipeline, enabling the company to move up to 500,000 MMBtu of natural gas per day out of the Permian Basin. The transportation agreement is designed to provide access to end markets that have historically generated stronger pricing than the Waha Hub, improving the company’s overall marketing strategy. Expanded Partnership Includes NGL Marketing In addition to the gas supply arrangement, Matador has signed separate agreements covering natural gas liquids production from multiple sources across its Delaware Basin operations. Under these contracts, Energy Transfer affiliates will receive and market the NGL volumes, further expanding the commercial relationship between the two companies. Energy Transfer indicated that the natural gas associated with the agreements is expected to help meet rising demand from power generation projects and artificial intelligence-driven data centers. Management Highlights Pricing Benefits “We are excited for the opportunity to continue our working relationship with Energy Transfer,” said Joseph Wm. Foran, Matador’s founder, chairman and CEO. “We anticipate that this transaction is expected to increase the price that Matador realizes for its natural gas production until then.” Management believes the agreements will strengthen the company’s ability to capture higher-value pricing while positioning it for future production growth. Focused on Key U.S. Energy Basins Matador’s core operations are concentrated in the oil- and liquids-rich Wolfcamp and Bone Spring formations within the Delaware Basin, spanning Southeast New Mexico and West Texas. The company also maintains natural gas operations in the Haynesville Shale and Cotton Valley formations in Northwest Louisiana, providing exposure to several of the most active energy-producing regions in the United States. Matador Resources Company stock price Original: Matador Resources Secures Gas and NGL Agreements With Energy Transfer (MTDR)

Matador Resources Company Provides Strategic Natural Gas Marketing UpdateJune 4, 2026 6:30 AM
Business Wire Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that it has entered into multiple agreements with affiliates of Energy Transfer LP (“ET”), including a gas supply agreement. This transaction is an additional step taken by Matador’s marketing team to improve all-in pricing netbacks and reduce exposure to Waha Hub pricing in the second half of 2026. In addition to this gas supply agreement, Matador has executed separate natural gas liquid (“NGL”) agreements with various ET affiliates to dedicate and sell Matador’s NGLs from multiple sources in the Delaware Basin to ET. On October 30, 2025, Matador announced that it had secured firm transportation on Energy Transfer’s Hugh Brinson Pipeline to move 500,000 MMBtu per day of natural gas production out of the Permian Basin to points of sale where demand and pricing have historically been significantly higher than at the Waha Hub. We expect the new gas supply agreement with ET announced today will allow Matador to bridge the gap prior to Matador’s transportation agreement on the Hugh Brinson Pipeline becoming effective and realize higher natural gas prices for a portion of its natural gas production in the second half of 2026. This agreement is also expected to provide ET with natural gas to feed the growing demand from artificial intelligence (AI) driven data centers and power generation markets. Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, commented, “We are excited for the opportunity to continue our working relationship with Energy Transfer. We want to thank the entire Energy Transfer team for their cooperation on this transaction. Matador looks forward to the Hugh Brinson Pipeline being placed into service, and we anticipate that this transaction is expected to increase the price that Matador realizes for its natural gas production until then. We are proud of our marketing team for working with Energy Transfer to find new and creative solutions to increase flow assurance and secure better pricing for Matador’s natural gas.” For more information about the Hugh Brinson Pipeline and a map of the pipeline system, visit www.hughbrinsonpipeline.com. About Matador Resources Company Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties. For more information, visit Matador Resources Company at www.matadorresources.com. Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about the anticipated in-service date and availability of firm transportation on the Hugh Brinson Pipeline, expected market access, including access to LNG export facilities along the Louisiana Gulf Coast and other key trading hubs, expected reductions in exposure to Waha pricing and improvements in realized natural gas prices, expected impacts on Matador’s financial and operating results, the extension of transportation arrangements to the Southern California market and the benefits thereof and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the timing for completion and placement into service of the Hugh Brinson Pipeline and related infrastructure; disruption from Matador’s acquisitions or dispositions making it more difficult to maintain business and operational relationships; significant transaction costs associated with Matador’s acquisitions or dispositions; the risk of litigation and/or regulatory actions related to Matador’s acquisitions or dispositions, as well as the following risks related to financial and operational performance: general economic conditions; Matador’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of Matador’s midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on Matador’s operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its revolving credit facilities and otherwise; the operating results of and the availability of any potential distributions from our joint ventures; weather and environmental conditions; the impact of the One Big Beautiful Bill Act; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604289824/en/ Mac Schmitz
Senior Vice President - Investor Relations
(972) 371-5225
investors@matadorresources.com Original: Matador Resources Company Provides Strategic Natural Gas Marketing Update

Matador Resources Company Announces 2026 Annual Meeting and Webcast DetailsMay 28, 2026 4:15 PM
Business Wire Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) will hold its 2026 Annual Meeting of Shareholders on Thursday, June 11, 2026, at 9:30 a.m. Central Time. The Annual Meeting will be held at Hilton Dallas Lincoln Centre, 5410 LBJ Freeway, Dallas, Texas 75240. A continental breakfast will be provided beginning at 8:30 a.m. Central Time to provide shareholders with the opportunity to meet and interact with directors, management and employees before and after the formal meeting. The Annual Meeting will be webcast live. To access the live webcast, you can use the following link https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=30D1B3D3-F11A-471B-953B-04F76B0F4210 or visit the Events and Presentations page located under the Investor Relations tab on Matador’s website at www.matadorresources.com. About Matador Resources Company Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties. For more information, visit Matador Resources Company at www.matadorresources.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528818712/en/ Mac Schmitz
Senior Vice President – Investor Relations
investors @cjp01 Original: Matador Resources Company Announces 2026 Annual Meeting and Webcast Details

Matador Resources Company Announces Successful Acquisitions in Federal Lease SaleMay 21, 2026 4:40 PM
Business Wire Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) announces the successful bolt-on acquisition of 5,154 net undeveloped acres in the core of the Delaware Basin as part of the Bureau of Land Management (BLM) Oil and Gas Lease Sale this week. Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, commented, “Matador is pleased to announce a $1.1 billion expansion of its premier Delaware Basin asset base in Southeast New Mexico through the recent BLM Lease Sale. The company acquired 5,154 net undeveloped acres, all of which are in the ‘core-of-the-core’ of the Delaware Basin and are strategic and highly complementary to Matador’s current acreage position. This acquisition not only extends the amount and the duration of Matador’s high-quality inventory and reserve base but also enhances the Company’s current assets with increased operating efficiencies. These lease acquisitions lend themselves to extended reach laterals of three miles or more, leveraging of existing facilities and infrastructure with Matador’s existing field teams, and increased midstream value from potential future volume additions in the Delaware Basin. HIGHLIGHTS Prime Location: Acquired acreage located in most prolific areas of Delaware Basin, with nine or more discrete prospective formations Strategic Alignment to Current Asset Base: Acreage directly adjacent to existing operated units, enabling further operating efficiencies in already established cost-advantaged operating areas with current completed cost per lateral foot averages 10-20% below Matador’s corporate average Improved Economics and Lease Terms: 87.5% net revenue interest with 10-year term across all depths San Mateo Connectivity: Key tracts and associated wells and volumes strategically located near existing infrastructure expected to be additive to San Mateo’s volume throughput and growing revenue streams Locations and Efficiencies: Adds over 141 net operated locations (normalized to 2-mile laterals), including extended reach laterals, U-Turn well designs, multi-well developments and completions, emerging horizons and targets, with opportunities for enhanced water recycling processes and natural gas takeaway capacity Maintenance of Strong Balance Sheet: Purchase price of approximately $1.143 billion implies approximately $7.3 million per location after accounting for anticipated midstream value and is expected to be funded through cash on hand and existing credit facility Mr. Foran further commented, “We believe our proven track record of value creation over the years de-risks this transaction as evidenced by our 2018 acquisition of the State line and Rodney Robinson Federal tracts. To date, Matador has already recovered all associated capital invested in lease acquisitions, drilling, and completions associated with those tracts, as well as generating an additional $1.9 billion in returns from these projects. We have full confidence that our reservoir, geology, midstream, and operating teams will maximize the value of these new tracts in a similar manner. “Matador has fully repaid its reserve-based lending (RBL) facility, providing ample liquidity for this transaction. Furthermore, under our current operating plan, we anticipate full-year 2026 adjusted free cash flow to approach $1.2 billion (assuming strip oil and natural gas pricing as of early May 2026). This strong cash generation gives us clear line of sight to substantially pay down this acquisition by year-end 2026 and to fully pay down the RBL in the first half of 2027. “We would like to thank our shareholders, bondholders, directors, banks, and staff here in Dallas and the field for their continued support and recognition of Matador’s asset quality, cash flow and our expectations for another record year for the Company. We hope to see you at our Annual Meeting on June 11, 2026, here in Dallas where we will have more operational and financial news to share.” About Matador Resources Company Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties. For more information, visit Matador Resources Company at www.matadorresources.com. Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about the anticipated financial and operational impact of the lease acquisitions described above, guidance, projected or forecasted financial and operating results, future liquidity, the payment of dividends, the amount and timing of share repurchases, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, disruption from Matador’s acquisitions or dispositions making it more difficult to maintain business and operational relationships; significant transaction costs associated with Matador’s acquisitions or dispositions; the risk of litigation and/or regulatory actions related to Matador’s acquisitions or dispositions, as well as the following risks related to financial and operational performance: general economic conditions; Matador’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of Matador’s midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids or the construction, expansion or operation of Matador’s midstream assets; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on Matador’s operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its revolving credit facilities and otherwise; the operating results of and the availability of any potential distributions from our joint ventures; weather conditions, environmental conditions and natural disasters; the impact of the One Big Beautiful Bill Act; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement. Adjusted Free Cash Flow This press release includes the non-GAAP financial measure of adjusted free cash flow. This non-GAAP item is measured, on a consolidated basis for the Company and for San Mateo, as net cash provided by operating activities, adjusted for changes in working capital and cash performance incentives that are not included as operating cash flows, less cash flows used for capital expenditures, adjusted for changes in capital accruals. On a consolidated basis, these numbers are also adjusted for the cash flows related to non-controlling interest in subsidiaries that represent cash flows not attributable to Matador shareholders. Adjusted free cash flow should not be considered an alternative to, or more meaningful than, net cash provided by operating activities as determined in accordance with GAAP or an indicator of the Company’s liquidity. Adjusted free cash flow is used by the Company, securities analysts and investors as an indicator of the Company’s ability to manage its operating cash flow, internally fund its D/C/E capital expenditures, pay dividends and service or incur additional debt, without regard to the timing of settlement of either operating assets and liabilities or accounts payable related to capital expenditures. Additionally, this non-GAAP financial measure may be different than similar measures used by other companies. The Company believes the presentation of adjusted free cash flow provides useful information to investors, as it provides them an additional relevant comparison of the Company’s performance, sources and uses of capital associated with its operations across periods and to the performance of the Company’s peers. In addition, this non-GAAP financial measure reflects adjustments for items of cash flows that are often excluded by securities analysts and other users of the Company’s financial statements in evaluating the Company’s cash spend. Where references are pro forma, forward-looking, preliminary or prospective in nature, and not based on historical fact, a reconciliation has not been provided. The Company could not provide such reconciliation without undue hardship because such Adjusted Fre Cash Flow numbers are estimations, approximations and/or ranges. In addition, it would be difficult for the Company to present a detailed reconciliation on account of many unknown variables for the reconciling items, including net change in operating assets and liabilities and net change in capital accruals. View source version on businesswire.com: https://www.businesswire.com/news/home/20260521632682/en/ Mac Schmitz
Senior Vice President – Investor Relations
investors @cjp01 Original: Matador Resources Company Announces Successful Acquisitions in Federal Lease Sale

Matador Resources Company Announces Leadership PromotionsApril 27, 2026 4:30 PM
Business Wire
Matador Resources Company (NYSE: MTDR) (“Matador”) today announced the following promotions, effective as of April 21, 2026:



Christopher P. Calvert has been promoted to Executive Vice President and Chief Financial Officer



Glenn W. Stetson has been promoted to Executive Vice President and Chief Operating Officer



These promotions will further strengthen Matador’s continued focus on execution, efficiency and long-term value creation.


Mr. Calvert and Mr. Stetson each have over ten years of experience leading departments at Matador and approximately 20 years of industry experience. Both have served on and been key members of Matador’s Executive Committee. Mr. Calvert joined Matador in October 2014 and most recently served as our Executive Vice President and Chief Operating Officer. Mr. Stetson joined Matador in August 2014 and most recently served as our Executive Vice President – Production. Mr. Calvert will assume the role of Chief Financial Officer from Robert T. Macalik, who ceased serving as Chief Financial Officer on April 21, 2026. Mr. Macalik’s cessation of service as Chief Financial Officer is not related to any financial or accounting issue or any disagreement with Matador on any matter relating to Matador’s operations, policies or practices.


Joseph Wm. Foran, Matador’s Founder, Chairman and Chief Executive Officer, stated, “I would like to congratulate Chris and Glenn on their well-deserved promotions. Chris and Glenn have both operational and leadership experience, and they have been large contributors to Matador’s growth since joining us in 2014. Chris’s operational and business experience and technical knowledge, combined with his relationships with our various staff members, shareholders, bondholders, analyst community and bank group, uniquely position him to head our finance team as Chief Financial Officer. Glenn has consistently demonstrated his skill in identifying and developing a team focused on delivering record results for Matador’s various operations and midstream activities under his purview, and he will continue to cultivate that focus as Chief Operating Officer.”


About Matador Resources Company


Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.


For more information, visit Matador Resources Company at www.matadorresources.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260427987192/en/
Mac Schmitz

Senior Vice President - Investor Relations

(972) 371-5225

investors@matadorresources.com


Original: Matador Resources Company Announces Leadership Promotions

Matador Resources Company Announces Date of First Quarter 2026 Earnings ReleaseApril 14, 2026 6:30 AM
Business Wire
Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release first quarter 2026 operational and financial results after the close of trading on Wednesday, May 6, 2026. Management will also host a live conference call on Thursday, May 7, 2026, at 10:00 a.m. Central Time to review first quarter 2026 financial results and operational highlights.


To access the live conference call by phone, you can use the following link https://register-conf.media-server.com/register/BI7d538819bdaa42289984ae6f563b48cd and you will be provided with dial in details. To avoid delays, it is recommended that participants dial into the conference call 15 minutes ahead of the scheduled start time.


The live conference call will also be available through the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. The replay for the event will be available on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab for one year.


About Matador Resources Company


Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.


For more information about Matador Resources Company, visit www.matadorresources.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260414227107/en/
Mac Schmitz

Senior Vice President – Investor Relations

investors@matadorresources.com

(972) 371-5225


Original: Matador Resources Company Announces Date of First Quarter 2026 Earnings Release

Matador Resources Company Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 6.875% Senior Notes Due 2028March 5, 2026 6:30 AM
Business Wire
Matador Resources Company (NYSE: MTDR) (“Matador”) today announced the expiration and results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of the $500 million outstanding aggregate principal amount of its 6.875% Senior Notes due 2028 (the “Notes”).


The Tender Offer expired at 5:00 p.m., New York City time, on March 4, 2026 (the “Expiration Time”). As of the Expiration Time, an aggregate principal amount of $419,705,000, or approximately 84%, of the Notes were validly tendered and not validly withdrawn, which amount excludes $4,530,000 aggregate principal amount of the Notes that remain subject to guaranteed delivery procedures described in the Offer to Purchase and the Notice of Guaranteed Delivery (each as defined below). Matador has accepted for purchase all Notes validly tendered prior to the Expiration Time pursuant to the Tender Offer and expects to pay the consideration (the “Consideration”) for such Notes on March 5, 2026 (the “Settlement Date”). Matador also expects to accept for purchase all Notes that remain subject to guaranteed delivery procedures and to pay the Consideration for such Notes on March 9, 2026.


The Consideration to be paid for the Notes is $1,019.75 for each $1,000 principal amount of the Notes validly tendered and accepted for purchase pursuant to the Tender Offer, plus an amount equal to any accrued and unpaid interest up to, but not including, the Settlement Date. For the avoidance of doubt, interest on the Notes will cease to accrue on the Settlement Date for all Notes accepted in the Tender Offer. All Notes accepted in the Tender Offer will be canceled and retired by Matador.


Matador intends to exercise its optional right, under the indenture governing the Notes, to redeem any Notes outstanding on April 15, 2026 and, in accordance therewith, to satisfy and discharge its obligations under such indenture.


The Tender Offer is being made pursuant to the terms and conditions contained in the offer to purchase (the “Offer to Purchase”) and related notice of guaranteed delivery (the “Notice of Guaranteed Delivery”), each dated February 26, 2026, copies of which may be requested from the information agent for the Tender Offer, Global Bondholder Services Corporation, at (212) 430-3774 (brokers and banks) and (855) 654-2015 (all others; toll-free), by email at contact@gbsc-usa.com or via the following web address: http://www.gbsc-usa.com/Matador. BofA Securities, Inc. is acting as Dealer Manager for the Tender Offer. Questions regarding the Tender Offer may be directed to the Dealer Manager at (980) 388-3646 (collect) and (888) 292-0070 (toll-free), or by email at debt_advisory@bofa.com.


This press release is for informational purposes only, does not constitute a notice of redemption or satisfaction and discharge under the indenture governing the Notes and is neither an offer to sell nor a solicitation of an offer to buy any security, nor a solicitation for an offer to purchase any security, including the Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.


About Matador Resources Company


Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also has operations in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of, and to provide flow assurance for, its exploration, development and production operations and provides natural gas processing, oil transportation services, oil, natural gas and produced water gathering services and produced water disposal services to third parties.


Forward-Looking Statements


This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, risks and uncertainties related to the capital markets generally, as well as the following risks related to financial and operational performance: general economic conditions, including the effects of inflation and interest rates; tariffs and trade tensions; the Company’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of the Company’s midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids or the construction, expansion or operation of the Company’s midstream assets; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on the Company’s operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; disruption from the Company’s acquisitions making it more difficult to maintain business and operational relationships; significant transaction costs associated with the Company’s acquisitions; the risk of litigation and/or regulatory actions related to the Company’s acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its credit facility and otherwise; the operating results of, and the availability of any potential distributions from, our joint ventures; weather conditions, environmental conditions and natural disasters; evolving cybersecurity risks; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260305084912/en/
Mac Schmitz

Senior Vice President – Investor Relations

investors@matadorresources.com

(972) 371-5225


Original: Matador Resources Company Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 6.875% Senior Notes Due 2028

Matador Resources Company Prices Offering of $750 Million of Senior Notes Due 2034February 26, 2026 4:22 PM
Business Wire
Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that it has priced a private offering of $750 million of 6.000% senior unsecured notes due 2034 (the “New Notes”) at a price of 100% of their face value. The offering is expected to close on March 5, 2026, subject to customary closing conditions.


Matador intends to use the net proceeds from the offering (i) to repurchase any and all of the $500 million outstanding aggregate principal amount of its 6.875% senior notes due 2028 (the “2028 Notes”) through a cash tender offer (the “Tender Offer”), and to pay related premiums, fees and expenses in connection with the Tender Offer, and (ii) to repay borrowings outstanding under Matador’s credit facility. To the extent any 2028 Notes remain outstanding after the consummation of the Tender Offer, Matador intends to satisfy and discharge any remaining 2028 Notes in accordance with the terms of the indenture governing the 2028 Notes. The Tender Offer is being made solely pursuant to the terms of an offer to purchase and related notice of guaranteed delivery, each dated as of February 26, 2026.


The New Notes and related guarantees have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the applicable securities laws of any state or other jurisdiction and may not be offered, transferred or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and the applicable securities laws of any state or other jurisdiction. The New Notes may be resold by the initial purchasers to persons they reasonably believe to be “qualified institutional buyers” pursuant to Rule 144A and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. This press release is being issued pursuant to Rule 135c under the Securities Act, does not constitute a notice of redemption or satisfaction and discharge under the indenture governing the 2028 Notes and is neither an offer to sell nor a solicitation of an offer to buy any security, including the New Notes, nor a solicitation for an offer to purchase any security, including the New Notes or the 2028 Notes, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


About Matador Resources Company


Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also has operations in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of, and to provide flow assurance for, its exploration, development and production operations and provides natural gas processing, oil transportation services, oil, natural gas and produced water gathering services and produced water disposal services to third parties.


Forward-Looking Statements


This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, risks and uncertainties related to the capital markets generally, whether the Company will offer the New Notes or consummate the offering, the anticipated terms of the New Notes and the anticipated use of proceeds, including the repurchase of the 2028 Notes, as well as the following risks related to financial and operational performance: general economic conditions, including the effects of inflation and interest rates; tariffs and trade tensions; the Company’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of the Company’s midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids or the construction, expansion or operation of the Company’s midstream assets; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on the Company’s operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; disruption from the Company’s acquisitions making it more difficult to maintain business and operational relationships; significant transaction costs associated with the Company’s acquisitions; the risk of litigation and/or regulatory actions related to the Company’s acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its credit facility and otherwise; the operating results of, and the availability of any potential distributions from, our joint ventures; weather conditions, environmental conditions and natural disasters; evolving cybersecurity risks; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260226655896/en/
Mac Schmitz

Senior Vice President – Investor Relations

investors@matadorresources.com

(972) 371-5225


Original: Matador Resources Company Prices Offering of $750 Million of Senior Notes Due 2034

Matador Resources Company Announces Offering of $750 Million of Senior Notes Due 2034February 26, 2026 7:41 AM
Business Wire
Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that, subject to market conditions, it intends to offer $750 million of senior unsecured notes due 2034 (the “New Notes”) in a private placement to eligible purchasers. Matador intends to use the net proceeds from the offering (i) to repurchase any and all of the $500 million outstanding aggregate principal amount of its 6.875% senior notes due 2028 (the “2028 Notes”) through a cash tender offer (the “Tender Offer”), and to pay related premiums, fees and expenses in connection with the Tender Offer, and (ii) to repay borrowings outstanding under Matador’s credit facility. To the extent any 2028 Notes remain outstanding after the consummation of the Tender Offer, Matador intends to satisfy and discharge any remaining 2028 Notes in accordance with the terms of the indenture governing the 2028 Notes. The Tender Offer is being made solely pursuant to the terms of an offer to purchase and related notice of guaranteed delivery, each dated as of February 26, 2026.


The New Notes and related guarantees have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the applicable securities laws of any state or other jurisdiction and may not be offered, transferred or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and the applicable securities laws of any state or other jurisdiction. The New Notes may be resold by the initial purchasers to persons they reasonably believe to be “qualified institutional buyers” pursuant to Rule 144A and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. This press release is being issued pursuant to Rule 135c under the Securities Act, does not constitute a notice of redemption or satisfaction and discharge under the indenture governing the 2028 Notes and is neither an offer to sell nor a solicitation of an offer to buy any security, including the New Notes, nor a solicitation for an offer to purchase any security, including the New Notes or the 2028 Notes, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


About Matador Resources Company


Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also has operations in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of, and to provide flow assurance for, its exploration, development and production operations and provides natural gas processing, oil transportation services, oil, natural gas and produced water gathering services and produced water disposal services to third parties.


Forward-Looking Statements


This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, risks and uncertainties related to the capital markets generally, whether the Company will offer the New Notes or consummate the offering, the anticipated terms of the New Notes and the anticipated use of proceeds, including the repurchase of the 2028 Notes, as well as the following risks related to financial and operational performance: general economic conditions, including the effects of inflation and interest rates; tariffs and trade tensions; the Company’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of the Company’s midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids or the construction, expansion or operation of the Company’s midstream assets; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on the Company’s operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; disruption from the Company’s acquisitions making it more difficult to maintain business and operational relationships; significant transaction costs associated with the Company’s acquisitions; the risk of litigation and/or regulatory actions related to the Company’s acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its credit facility and otherwise; the operating results of, and the availability of any potential distributions from, our joint ventures; weather conditions, environmental conditions and natural disasters; evolving cybersecurity risks; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260225536769/en/
Mac Schmitz

Senior Vice President – Investor Relations

investors@matadorresources.com

(972) 371-5225


Original: Matador Resources Company Announces Offering of $750 Million of Senior Notes Due 2034

Matador Resources Company Announces Cash Tender Offer for Any and All of Its Outstanding 6.875% Senior Notes Due 2028February 26, 2026 7:43 AM
Business Wire
Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the $500 million outstanding aggregate principal amount of its 6.875% senior notes due 2028 (the “2028 Notes”) with a portion of the net proceeds from Matador’s concurrent private placement of $750 million in aggregate principal amount of senior unsecured notes due 2034 (the “New Notes”), which was also announced today by Matador. The Tender Offer is being made pursuant to an offer to purchase and related notice of guaranteed delivery, each dated as of February 26, 2026. The Tender Offer will expire at 5:00 p.m., New York City time, on March 4, 2026 (as such time and date may be extended, the “expiration time”). Tendered 2028 Notes may be withdrawn at any time before the expiration time.


Under the terms of the Tender Offer, holders of the 2028 Notes that are validly tendered and accepted at or prior to the expiration time, or holders who deliver to the depository and information agent a properly completed and duly executed notice of guaranteed delivery and subsequently deliver such 2028 Notes, each in accordance with the instructions described in the offer to purchase, will receive total cash consideration of $1,019.75 per $1,000 principal amount of 2028 Notes, plus an amount equal to any accrued and unpaid interest up to, but not including, the settlement date, which is expected to be March 5, 2026, subject to satisfaction of the Financing Condition described below.


The Tender Offer is contingent upon the satisfaction of certain conditions, including the condition that Matador shall have raised at least $500 million in gross proceeds from the offering of the New Notes on or prior to the settlement date (the “Financing Condition”). The Tender Offer is not conditioned on any minimum amount of 2028 Notes being tendered. Matador may terminate, extend or amend the Tender Offer in its sole discretion and postpone the acceptance for purchase of, and payment for, 2028 Notes tendered.


To the extent any 2028 Notes remain outstanding after the consummation of the Tender Offer, Matador intends to satisfy and discharge any remaining 2028 Notes in accordance with the terms of the indenture governing the 2028 Notes.


The Tender Offer is being made pursuant to the terms and conditions contained in the offer to purchase and related notice of guaranteed delivery, each dated February 26, 2026, copies of which may be requested from the information agent for the tender offer, Global Bondholder Services Corporation, at (212) 430-3774 (brokers and banks) and (855) 654-2015 (all others; toll-free), by email at contact@gbsc-usa.com or via the following web address: http://www.gbsc-usa.com/Matador. BofA Securities, Inc. will act as Dealer Manager for the Tender Offer. Questions regarding the Tender Offer may be directed to the Dealer Manager at (980) 388-3646 (collect) and (888) 292-0070 (toll free), or by email at debt_advisory@bofa.com.


This press release is for informational purposes only, does not constitute a notice of redemption or satisfaction and discharge under the indenture governing the 2028 Notes and is neither an offer to sell nor a solicitation of an offer to buy any security, including the New Notes, nor a solicitation for an offer to purchase any security, including the New Notes or the 2028 Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.


About Matador Resources Company


Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also has operations in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of, and to provide flow assurance for, its exploration, development and production operations and provides natural gas processing, oil transportation services, oil, natural gas and produced water gathering services and produced water disposal services to third parties.


Forward-Looking Statements


This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, risks and uncertainties related to the capital markets generally, whether the Company will offer the New Notes or consummate the offering, the anticipated terms of the New Notes and the anticipated use of proceeds, including the repurchase of the 2028 Notes, as well as the following risks related to financial and operational performance: general economic conditions, including the effects of inflation and interest rates; tariffs and trade tensions; the Company’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of the Company’s midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids or the construction, expansion or operation of the Company’s midstream assets; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on the Company’s operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; disruption from the Company’s acquisitions making it more difficult to maintain business and operational relationships; significant transaction costs associated with the Company’s acquisitions; the risk of litigation and/or regulatory actions related to the Company’s acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its credit facility and otherwise; the operating results of, and the availability of any potential distributions from, our joint ventures; weather conditions, environmental conditions and natural disasters; evolving cybersecurity risks; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K . Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260225531506/en/
Mac Schmitz

Senior Vice President – Investor Relations

investors@matadorresources.com

(972) 371-5225


Original: Matador Resources Company Announces Cash Tender Offer for Any and All of Its Outstanding 6.875% Senior Notes Due 2028

Matador Resources Company Reports Fourth Quarter and Full Year 2025 Results and Provides 2026 Operating Plan and Market GuidanceFebruary 24, 2026 4:15 PM
Business Wire
Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported financial and operating results for the fourth quarter and full year 2025 and provided an update on its 2026 operating plan and focus areas. A slide presentation summarizing the highlights of this release is included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.


Management Summary Comments


Joseph Wm. Foran, Matador’s Founder, Chairman and CEO and San Mateo’s Founder, noted, “2025 was another record year for Matador and San Mateo. Our team is excited to review our accomplishments as well as share the strategic priorities and expected catalysts for Matador and San Mateo in 2026, which include (i) improving capital efficiency, profitability and reduction in our reserve-based loan (RBL), (ii) midstream value realization, (iii) quality land acquisitions, reserves growth and decreased capital costs, (iv) recruiting, retaining and developing high-quality professionals and (v) maintaining a strong balance sheet.


Improving Capital Efficiency, Profitability and Decreased Finding Costs


“This year, our specific objectives are to continue to increase production, reduce capital spending and grow our midstream assets, while remaining opportunistic on acquisition opportunities that may arise. Altogether, Matador projects its drilling plans, capital efficiencies and other catalysts to drive a 2026 operating plan that grows oil production by approximately 3% to 123,000 barrels of oil per day, while reducing 2026 total capital expenditures by 11% to $1.50 billion. The ability to achieve this 3% oil production growth profile while reducing capital expenses illustrates Matador’s successful focus on operating efficiencies and inventory strength.


“In this regard, Matador anticipates its 2026 drilling and completion cost to be approximately $795 per lateral foot, a 6% reduction compared to 2025, which would enable us to continue to further increase capital efficiency and decrease capital spending as planned. The expected decrease in capital spending from 2025 to 2026 is primarily attributable to anticipated operating efficiency improvements, including a 13% reduction in timing to drill and complete a well. Meanwhile, Matador expects to deliver 3% oil production growth in 2026 compared to 2025 while still turning to sales a similar amount of net lateral footage. As evidence of these asset and operating strengths, we achieved record total proved oil and natural gas reserves of 667.0 million BOE at December 31, 2025 (an increase of 9% from 611.5 million BOE at December 31, 2024), with a standardized measure of $7.0 billion and a PV-10 of $8.2 billion. The increase to our reserves—approximately 98% of which was organic in 2025—represents a reserve replacement ratio of 173%. The reserves replacement ratio was especially notable since future finding and development costs for our proved undeveloped reserves in our audited reserve report decreased 6% from $10.98 per BOE in 2024 to $10.34 per BOE in 2025. The proved reserves estimates are prepared by the Company’s internal engineering staff and audited by an independent reservoir engineering firm, Netherland, Sewell & Associates.


“As previously reported, Matador has secured 500 MMBtu per day of firm natural gas transportation on Energy Transfer’s new Hugh Brinson pipeline. This contractual deal with Energy Transfer is expected to be one of Matador’s most important transportation and marketing arrangements going forward. Energy Transfer expects this pipeline to begin flowing gas in the third quarter of 2026 and be fully in-service in the fourth quarter of 2026. The Hugh Brinson pipeline is expected to provide direct access for Matador from the Waha hub in the Permian Basin to the historically more profitable Henry Hub markets along the Louisiana Gulf Coast. The Hugh Brinson pipeline is also expected to help Matador access other key markets, including data centers supporting Artificial Intelligence (AI) and terminals for exports of Liquified Natural Gas (LNG). During 2025, average realized pricing at Henry Hub was as much as $3 higher than realized pricing at the Waha hub. Substantial market differentials such as these prices could provide significant additional revenue, as each $0.50 per MMBtu increase in realized natural gas price would increase Matador’s estimated annual revenue by approximately $90 million.


“Matador is also pleased to report record fourth quarter 2025 production of 211,290 barrels of oil and natural equivalent (BOE) per day (121,363 barrels of oil per day), which constitutes an increase of 1% from the third quarter 2025 production of 209,184 BOE per day (119,556 barrels of oil per day). These record results were achieved despite significant market price difficulties for natural gas at the Waha hub in the fourth quarter of 2025.


Midstream Value Realization


“Matador’s midstream assets include (i) San Mateo, which is owned 51% by Matador and 49% by Five Point, and (ii) wholly-owned assets, which were largely acquired as part of the Advance acquisition in 2023 and the Ameredev acquisition in 2024. On a combined basis, San Mateo and Matador’s wholly-owned midstream assets had net income of $239 million and Adjusted EBITDA of $332 million for the full-year 2025. Through the continued operational improvements and the growth of both Matador and third-party volumes, we expect the combined Adjusted EBITDA of our midstream assets to grow 8% to $360 million in 2026. This profitability of the San Mateo assets in 2025 resulted in cash distributions to Matador of $137 million for its 51% interest in San Mateo and $13 million in performance incentives from Five Point.


“In addition to growing our midstream business, we continue to explore other strategic transactions for San Mateo. Five Point has advised us that it is in the process of moving its 49% ownership in San Mateo into a continuation vehicle, which would allow us to continue building midstream value together. We are pleased that Five Point would like to continue our long-standing partnership, and we look forward to working with Five Point on various potential strategic transactions, including the combination of Matador’s wholly-owned midstream assets with San Mateo.


Quality Land Acquisitions


“In 2025, Matador’s land team added 17,500 net acres through our ‘brick-by-brick’ strategy, increasing our Delaware Basin acreage position to approximately 212,500 net acres. These efforts largely replaced the inventory that Matador drilled during 2025. As we begin 2026, Matador remains focused on strategically adding acreage in order to maintain 10 to 15 years of high-quality inventory in the Delaware Basin. Additionally, we believe our current Delaware Basin position offers further geologic upside. For example, we have identified prospective acreage targeting the Woodford shale, and plan to test the formation in the first half of 2026.


Maintaining a Strong Balance Sheet


“Finally, at year-end 2025, Matador was able to maintain a strong financial position and achieve the production highlights noted above while still paying down approximately $200 million on our RBL credit facility and increasing our dividend for the seventh time in the past four years. Matador ended 2025 with a leverage ratio of 1.1 times and liquidity under the RBL of $1.8 billion. To further protect its balance sheet from oil-price volatility, the Company hedged approximately 50% of its projected 2026 oil production using costless collars at a weighted average floor price of approximately $53 per barrel and a weighted average ceiling price of approximately $66 per barrel.


Closing Thoughts


“Each of the above priorities and highlights demonstrate Matador’s various successful strategies based on operational excellence and profitable growth at a measured pace. Our ability to emerge stronger through volatile commodity cycles underscores the quality of our assets, the strength of our business relationships and the confidence the team has in the long-term outlook of our business and areas of interest. This outlook is further evidenced by management’s and the staff’s continued stock purchases as well as the participation by over 95% of all of our employees—field and office—in the Company’s Employee Stock Purchase Plan (ESPP). We look forward to discussing these results and answering your questions either on our conference call or in-person.”


Operational and Financial Update


Record Fourth Quarter 2025 Oil, Natural Gas and Total Oil Equivalent Production


Matador’s average oil and natural gas production was 211,290 BOE per day in the fourth quarter of 2025, which was the highest in Matador’s history and 2% better than the midpoint of Matador’s expected fourth quarter production guidance of 206,500 BOE per day. The primary drivers behind this outperformance were increased production from new wells turned to sales in Matador’s Arrowhead and Ranger asset areas. Matador achieved these record results despite shutting in ~4,000 BOE per day in the fourth quarter of 2025 due to weak natural gas pricing at the Waha hub. Most of these shut-in volumes were forecasted as part of the Company’s fourth quarter 2025 production guidance.




Production






Q4 2025 Average Daily Volume






Q4 2025




Guidance




Range(1)






Difference(2)






Sequential






YoY








Total, BOE per day






211,290






205,000 to 208,000






+2% Better than Guidance






+1%






+5%








Oil, Bbl per day






121,363






119,000 to 121,000






+1% Better than Guidance






+2%






+2%








Natural Gas, MMcf per day






539.6






516.0 to 522.0






+4% Better than Guidance

Matador Resources Company Declares Quarterly Cash DividendFebruary 17, 2026 4:15 PM
Business Wire
Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.375 per share of common stock payable on March 10, 2026 to shareholders of record as of February 27, 2026.


About Matador Resources Company


Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.


For more information, visit Matador Resources Company at www.matadorresources.com.


Forward-Looking Statements


This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, the payment of dividends, share repurchases, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, disruption from Matador’s acquisitions or dispositions making it more difficult to maintain business and operational relationships; significant transaction costs associated with Matador’s acquisitions or dispositions; the risk of litigation and/or regulatory actions related to Matador’s acquisitions or dispositions, as well as the following risks related to financial and operational performance: general economic conditions; Matador’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of Matador’s midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on Matador’s operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its revolving credit facilities and otherwise; the operating results of and the availability of any potential distributions from our joint ventures; weather and environmental conditions; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260217017698/en/
Mac Schmitz

Senior Vice President – Investor Relations

investors@matadorresources.com

(972) 371-5225


Original: Matador Resources Company Declares Quarterly Cash Dividend

Matador Resources Increases Hedge Position and Provides Updates on 2025 A&D Activity and Improved Well PerformanceJanuary 27, 2026 11:30 AM
Business Wire
Matador Resources Company (NYSE: MTDR) (“Matador”) today provided an update on its hedging position, its 2025 A&D activity and certain Lea County, New Mexico development results. Together, these updates reflect Matador’s disciplined and opportunistic approach to the management of commodity price volatility, growth of its Delaware Basin portfolio and execution on operational efficiencies that continue to improve well performance.


Hedging Update – Opportunistic Additions


Matador opportunistically added hedges during recent commodity price increases and has now hedged approximately 35% to 40% of its 2026 oil production with costless collars at a weighted average floor price of $51.72 per barrel and a weighted average ceiling price of $65.05 per barrel. Consistent with its disciplined, value-driven approach, Matador’s hedging program is designed to provide downside protection and greater cash flow visibility while preserving meaningful exposure to stronger commodity prices. These additional hedges are expected to add to the protection of Matador’s balance sheet and postion it to return value to its shareholders at a wide range of commodity prices.


2025 A&D Update – “Brick-by-Brick” Approach Continues to Deliver


In 2025, Matador continued its long-standing “brick-by-brick” acquisition strategy, adding high-quality acreage throughout its core asset areas in the Delaware Basin. Matador completed over 690 separate transactions for approximately 17,500 net acres in acquisitions in 2025, bringing Matador’s Delaware Basin acreage total to 212,500 net acres as of December 31, 2025.


The total consideration for these acquisitions was approximately $245 million, or $14,000 per net acre, excluding capitalized general and administrative expenses. Many of these transactions involved the addition of interests in Matador-operated units that were drilled in 2025 or that are planned to be drilled in 2026. These acquisitions enhanced the immediate value of the assets and further improved the economics on the wells drilled at these locations.


Notably, Matador’s “brick-by-brick” approach resulted in the addition of 100 net locations in 2025, along with 23 upside locations, essentially replacing the locations drilled by Matador in 2025.


Improved Well Performance and Increased Efficiencies in Lea County Development


In 2025, Matador also continued to realize improved well performance and cost efficiencies through large-scale batch developments. For example, during the second half of 2025, Matador turned-to-sales a 17-well batch development—one of the largest developments in Matador’s history—on its John Callahan unit in Matador’s Antelope Ridge asset area in Lea County, New Mexico targeting multiple horizons in the Bone Springs and Wolfcamp formations. Early production results for this project show recoveries approximately 8% higher than Matador’s company-wide average normalized oil production for wells turned-to-sales in 2024 and 2025. These better-than-expected results are primarily attributable to improved well targeting, completion design and chemical optimization. Average lateral lengths of 10,300 feet, combined with full trimul-frac and simul-frac completion operations, reduced total well cost by 10% compared to Matador’s 2024 Lea County, New Mexico averages, further strengthening well economics even in stressed commodity environments. The John Callahan unit also reflects the benefits of Matador’s “brick-by-brick” land strategy discussed above, as Matador incrementally increased its working interest through the acquisition of additional interests in the unit, enhancing overall returns from the development.


About Matador Resources Company


Matador is an independent energy company that, together with its predecessor companies, has operated for over 40 years after being founded with investments from friends and family. Matador is engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador owns and operates midstream assets in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties. Presently, the assets owned and operated by Matador and its midstream joint venture, San Mateo, include over 900 miles of pipelines, 19 saltwater disposal wells and processing plants with 720 MMcf per day of natural gas processing capacity. These assets provide flow assurance to Matador and to third-party customers.


For more information, visit Matador Resources Company at www.matadorresources.com.


Forward-Looking Statements


This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about Matador’s hedging program and its expected benefits, financial and operational plans and results, the operational benefits of San Mateo’s midstream system and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, disruption from Matador’s acquisitions or dispositions making it more difficult to maintain business and operational relationships; significant transaction costs associated with Matador’s acquisitions or dispositions; the risk of litigation and/or regulatory actions related to Matador’s acquisitions or dispositions, as well as the following risks related to financial and operational performance: general economic conditions; Matador’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of Matador’s midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on Matador’s operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its revolving credit facilities and otherwise; the operating results of and the availability of any potential distributions from our joint ventures; weather and environmental conditions; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260127987606/en/
Mac Schmitz

Senior Vice President - Investor Relations

(972) 371-5225

investors@matadorresources.com


Original: Matador Resources Increases Hedge Position and Provides Updates on 2025 A&D Activity and Improved Well Performance

I think the time is ripe to get out of here!
Very grateful!
nice ride

The oil markets are manipulated from top to bottom, OPEC is beyond corrupt and it seems like they just keep sending oil to the USA, it's amazing that the reserves miraculously rose by millions of barrels unexpectedly, who keeps track of this stuff? Seems like pure manipulation.

mkm partners- wonder if they or their clients were short-they come in right when the stock is going up and there are 27 plus million shares sold short.-saving the shorts ass.
special place in hell for stock manipulators

Didn't see it

Classic manipulation to save the shorts. BS report released, MKP
SEC investigation called for

More insider buying today

I also liquidated @ $7.65. Just a gut feeling on my part, that it was trading crazily. I'll keep an eye on this. If it falls substantially, I'm also back in, Maybe!!
Still holding some MRO though.

my friend, I went out at 7.94!
I have to settle!!
now I'm at the window to come back!
if it goes under 7 I return
I think that within a month the oil will make another leap and we must be ready to catch it

Happy Campers here. LOL!!

Spent all my cash. LOL!! Good move. Looks like it is starting to bounce from under $6.

I bought more at $5.98.

Solid Company

Under $6 as I was typing last message, but seems to be rallying right now.

Thanks
took 50% of what i want to invest
if it drops more I take the other 50%

Hard to say. I bought twice today after selling a couple of days ago at $8.20. Kind of like grabbing a falling knife today. But, I expect it to rebound. Gasoline went up .10 a gallon in my town yesterday. Oil prices seem to be climbing.
I doubt it will go below $5 again. Might get below $6 though. I'm not one to wait for a bottom or a top. I just go with what I think the stock is worth and in this case, what it will be worth in the not too distant future. I'm holding both MTDR and MRO (Marathon). Been swing trading both of them, but, will keep what I own now. Made some nice money the last month or so. But, I'm seeing a recovery because, as you say, states are starting to open back up, whether governors are allowing it or not.
Trying to figure the market and oils stocks in particular, right now, is somewhat difficult. I'm a bit down on what I bought today, but I'm happy for the long term and/or within what the year will bring.

Is it a good time to buy?
I'm thinking about it!
The lookdown in the world will end soon!
How likely is it to drop below 5 again?
thanks

Added more at $6.20. Latest price target (this morning by MKM Partners ) are for $11.00.

Nice move

Glad I waited one more day. Back in at $6.475.

I just bought back at $6.89 the 30% I sold yesterday

Geez. I did it again. Out too soon it looks like. What a beast this stock is!!

Nicely done.

I would think eventually these oil stocks need to take another cooling period.

Stocks don’t like to simply go up or down imo.

I got dry powder for whatever comes up.

Not a bad move. I sold 30% of mine at $7.60. Oil up 6% to almost $16. GUSH continues moving up. The economy is starting to open up. Backlog of oil will start to be used up.

Yup. Sold the rest of what I owned here at $8.20. Might buy back in if this buying frenzy cools and shares take a dip.

GOOD LUCK!!

I saw that. Sold out the rest of my position at $8.20. Could not pass up the profit. If MTDR dips, after all the excitement calms, I may take another position. GOOD LUCK!!

Beat expectations by 400% 1st Q

Beat expectations by 400% 1st Q

Money is flowing in today!!!!

WOW $8 +++ after hours extended trading

Been saying that for a month. Looks like I may have pulled the trigger too soon on some of my shares here. Financials out after market close today. Let's see if MTDR beats estimates.

What a beast!!!

Cheers

I bought in at $3.59. $5.09 AH today. 1Q financials due tomorrow AH.

I sold a portion of mine AH for $5.10 a share (which I bought at $4.02 a share a few days ago), to lock in some profits, in case the financials are lower than expected by analysts. I still hold some at $2.90 a share ( a 79.66% profit from closing price today's AH close). I doubt we will see that level again.

Good Luck!!

Yes it is. I bought in at $3.59. $5.09 AH today. 1Q financials due tomorrow AH. Oil up. Ecconomy opening up

This has really exploded over the past couple of weeks. I bought at $4.02 on the 27th and it is at $4.93 at the moment and looking to catch up or pass my MRO shares. Beautiful. Hope earnings report (after market close on the 29th) does not end this run.

Seems to be doing very well in this market. DOW down 600 points and MTDR Up about .20 at the moment. Nice balance sheet.

Insiders were buying heavily a couple of weeks ago.

$MTDR

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