MTDR

• Net cash provided by operating activities was $937.1 million in Q2 2026, with adjusted free cash flow of $303.2 million, nearly tripling Q1 2026's $113.3 million.
• Total proved reserves grew 5% to a record 703 million BOE at June 30, 2026, from 667 million BOE at December 31, 2025.
• Full-year 2026 oil production guidance increased to 127,500 to 129,000 barrels per day, up from 123,000 to 125,000.
• Full-year 2026 D/C/E capital expenditures are now expected to be $1.48 to $1.56 billion, with midstream capital expenditures of $145 to $165 million.
• The company announced acquisitions of Paloma Permian and Ridge Runner Resources, expected to close in Q4 2026, adding approximately 450 net locations.

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• The Paloma acquisition includes 16,235 net undeveloped acres in Eddy and Lea Counties, New Mexico, with estimated Q3 2026 production of about 11,100 BOE per day (57% oil).
• Matador also agreed to acquire primarily undeveloped acreage in the Woodford play from Ridge Runner Resources II, LLC, bringing total Delaware Basin acreage to approximately 240,000 net acres.
• Both acquisitions are expected to close early in Q4 2026, with an effective date of June 1, 2026, subject to customary conditions.
• Matador announced successful test results from its first Woodford exploratory well, Rae's Creek, with initial production exceeding 2,200 BOE per day (72% oil).

1.01 Entry into a Material Definitive Agreement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Matador Resources Company (NYSE: MTDR) declared a quarterly cash dividend of $0.375 per share of common stock.
• The dividend is payable on September 8, 2026, to shareholders of record as of August 10, 2026.
• Future dividends remain at the Board's discretion and depend on results of operations, cash flows, financial position, and other factors.
• The information was furnished under Item 7.01 Regulation FD Disclosure and is not deemed filed for SEC purposes.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• The amendment reaffirmed the borrowing base at $3.25 billion and increased aggregate elected borrowing commitments from $2.25 billion to $2.75 billion.
• The borrowing base reaffirmation constituted the regularly scheduled May 1 redetermination.
• At the Annual Meeting on June 11, 2026, shareholders elected Joseph Wm. Foran, Reynald A. Baribault, and Timothy E. Parker as Class III directors, approved executive compensation, and ratified KPMG LLP as independent auditor.
• The company discussed its recent acquisition of undeveloped acreage in a Bureau of Land Management Oil and Gas Lease Sale, natural gas marketing efforts, operational efficiencies, and midstream business growth.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits

• Full-year 2026 adjusted free cash flow estimated at $1.1 to $1.2 billion, up from $437 million in 2025.
• Company paid down over $350 million on its RBL facility since year-end and expects full repayment later in May 2026.
• Average realized natural gas price fell 82% year-over-year to $0.64 per Mcf due to Waha pricing collapse.
• Proved reserves grew 9% to 667.0 million BOE at year-end 2025.

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Glenn W. Stetson was promoted to Executive Vice President and Chief Operating Officer, effective April 21, 2026.
• Calvert succeeds Robert T. Macalik, who ceased serving as CFO on April 21, 2026; his departure is not related to any financial or accounting issue or disagreement.
• Calvert previously served as Executive Vice President and Chief Operating Officer; Stetson previously served as Executive Vice President – Production.
• Both Calvert and Stetson joined Matador in 2014 and have over ten years of experience leading departments at the company.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Matador Resources Company (NYSE: MTDR) declared a quarterly cash dividend of $0.375 per share of common stock.
• The dividend is payable on June 5, 2026, to shareholders of record as of May 8, 2026.
• Future dividends remain at the Board's discretion and depend on results, cash flows, capital needs, and other factors.
• The disclosure was furnished under Item 7.01 Regulation FD and is not deemed filed for SEC purposes.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• The notes mature on April 15, 2034, with semiannual interest payments beginning October 15, 2026, and are guaranteed on a senior unsecured basis by certain subsidiaries.
• The company may redeem up to 40% of the notes before April 15, 2029 at 106% of principal using equity offering proceeds, and has other redemption options with make-whole premiums or specified prices after that date.
• Holders can require repurchase at 101% of principal upon a Change of Control Triggering Event, and the indenture includes covenants limiting additional debt, dividends, asset sales, and other actions.
• Matador's tender offer for its 6.875% Senior Notes due 2028 expired on March 4, 2026, with $419,705,000 (about 84%) validly tendered; the company accepted these notes at $1,019.75 per $1,000 principal plus accrued interest, and intends to redeem any remaining notes on April 15, 2026.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits