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Matador expects increase in production to 210,000 BOE per day in 2026

Matador (MTDR) expects capital and production successes in 2025, including the acceleration of certain operating activities at lower prices, will lead to high rates of return and an even more capital-efficient operating program in 2026. Matador plans to provide its customary full-year 2026 forecast along with its February 2026 earnings release. Matador has the ability to flex its capital program up or down based upon changes in economic conditions, including commodity and service prices. Given current market conditions, Matador expects an organic increase in production to approximately 210,000 BOE per day in 2026 with expected oil production growth of 2 to 5% from 2025 to 2026. Furthermore, Matador believes it can achieve this growth or more while reducing total CapEx by 8 to 12% from 2025 to 2026 while completing and turning to sales approximately the same lateral footage in 2026 as in 2025.

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