HighGravityData

Matador Resources

Guidance from Matador Resources’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Current guidance
85 items
Releases tracked
8
Latest release
Aug 5, 2026
Data checked
Aug 5, 2026
On this page:Latest changes·Current guidance·Your sector group·History

What changed in the Aug 5, 2026 release

Each item compared with the same item in the previous release (May 6, 2026). Values in quotation marks are the company’s words.

New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
ChangeMetricPeriodPreviousNowSource
NewCost per completed lateral foot on Woodford wellsfor FY2028—“$800 to $900 per completed lateral foot”Filing ↗
NewWoodford well cost targetfor FY2028—“$800 to $900 per completed lateral foot”Filing ↗
NewTarget leverage ratiofor FY2027—“1.0x”Filing ↗
New% Oilfor Q3 FY2026—“58%”Filing ↗
NewAdjusted free cash flowfor FY2026—“approximately $900 million”Filing ↗
NewAverage Daily Natural Gas Production, MMcf per dayfor Q3 FY2026—“561.0 to 573.0”Filing ↗
NewAverage Daily Oil Production, Bbl per dayfor Q3 FY2026—“128,500 to 130,500”Filing ↗
NewAverage Daily Total Production, BOE per dayfor Q3 FY2026—“222,000 to 226,000”Filing ↗
NewCost per completed lateral foot estimatesfor FY2026—“$795 per foot”Filing ↗
NewD/C/E and midstream capital expendituresfor Q3 FY2026—“approximately $410 to $440 million”Filing ↗
NewD/C/E capital expendituresfor FY2026—“$1.48 to $1.56 billion”Filing ↗
NewDrilling, completing and equipping ("D/C/E") capital expendituresfor FY2026—“$1.48 to $1.56 billion”Filing ↗
NewMidpoint of 2026 D/C/E capital expenditurefor FY2026—“$1.52 billion”Filing ↗
NewMidpoint of 2026 midstream capital expenditurefor FY2026—“$155 million”Filing ↗
NewMidpoint of capital expenditurefor Q3 FY2026—“$425 million”Filing ↗
NewMidpoint of Matador’s expected 2026 productionfor FY2026—“221,000 BOE per day”Filing ↗
NewMidpoint of total capital expenditure expectationsfor FY2026—“$1.675 billion”Filing ↗
NewMidstream CapExfor FY2026—“$100 to $110 million”Filing ↗
NewMidstream capital expendituresfor FY2026—“$145 to $165 million”Filing ↗
NewNatural Gas Production, MMcf per dayfor FY2026—“525 to 545”Filing ↗
NewNet non-operated wells turned-in-linefor FY2026—“15.9”Filing ↗
NewNet operated horizontal wells expected to turn to salesfor Q3 FY2026—“30 to 33”Filing ↗
NewNet operated wells turned-in-linefor FY2026—“112.6”Filing ↗
NewOil production (sequential growth)for Q3 FY2026—“approximately 3% to a quarterly record of approximately 129,500 barrels per day”Filing ↗
NewOil production growth (year-over-year)for FY2026—“7%”Filing ↗
NewOrganic improvement to expected productionfor FY2026—“3,550 BOE per day (64% oil)”Filing ↗
NewOrganic oil production growth (year-over-year), excluding acquisitionsfor FY2026—“6%”Filing ↗
NewOutlook for oilfor FY2026—“up to 7% year-over-year oil production growth”Filing ↗
NewOverall costs per completed lateral footfor FY2026—“$785 to $805”Filing ↗
NewPaloma acquisition estimated productionfor Q3 FY2026—“approximately 11,100 BOE per day (57% oil)”Filing ↗
NewPaloma and Ridge Runner acquisitions production contributionfor Q4 FY2026—“approximately 10,000 BOE per day (57% oil)”Filing ↗
NewProduction contribution from Paloma and Ridge Runner acquisitionsfor Q4 FY2026—“approximately 10,000 BOE per day (57% oil)”Filing ↗
NewSequential oil production growth to quarterly recordfor Q3 FY2026—“approximately 129,500 barrels per day”Filing ↗
NewSequential production growthfor Q4 FY2026—“approximately 5% to 6%”Filing ↗
NewTiming of flow on Hugh Brinson pipelinefor Q3 FY2026—“by the end of the third quarter of 2026”Filing ↗
NewTotal CapExfor FY2026—“$1.625 to $1.725 billion”Filing ↗
NewTotal operating expenses per BOEfor FY2026—“$31.00 to $33.00”Filing ↗
NewWell costs on adjacent assetsfor Q3 FY2026—“as low as $640 per completed lateral foot”Filing ↗
NewWell cost reductions (Woodford)No period stated—“30% to 40% well cost reductions”Filing ↗
ReiteratedCurrent income taxes (% of pretax income)for FY2026“0% to 1%”“0% to 1%”Filing ↗
ReiteratedD/C/E CapExfor FY2026“$1.35 to $1.44 billion”“$1.35 to $1.44 billion”Filing ↗
ReiteratedOil Production, Bbl per dayfor FY2026“123,000 to 125,000”“123,000 to 125,000”Filing ↗
ReiteratedTotal Oil Equivalent Production, BOE per dayfor FY2026“210,500 to 216,000”“210,500 to 216,000”Filing ↗
Show 15 items not restated in this release
ChangeMetricPeriodPreviousNowSource
Not restatedCombined Adjusted EBITDA of midstream assetsfor FY2026“$360 million”—Filing ↗
Not restatedCombined midstream Adjusted EBITDA growthfor FY2026“grow 8% to $360 million”—Filing ↗
Not restatedCorporate Alternative Minimum Tax applicabilityfor FY2026“does not expect to be subject to the Corporate Alternative Minimum Tax”—Filing ↗
Not restatedEstimated adjusted free cash flowfor FY2026“approximately $1.1 to $1.2 billion”—Filing ↗
Not restatedHedge weighted average ceiling pricefor FY2026“approximately $66 per barrel”—Filing ↗
Not restatedNatural Gas Productionfor FY2026“525.0 to 545.0 MMcf/d”—Filing ↗
Not restatedNet lateral footage turned to salesfor FY2026“~1.25 million net lateral feet”—Filing ↗
Not restatedNet operated horizontal wells turned to salesfor FY2026“13.6”—Filing ↗
Not restatedNon-cash DD&A per BOE (within total operating expenses)for FY2026“$15.50 to $15.80”—Filing ↗
Not restatedOil Equivalent Productionfor FY2026“209,500 to 215,000 BOE/d”—Filing ↗
Not restatedOil productionfor FY2026“122,000 to 124,000 barrels of oil per day”—Filing ↗
Not restatedOil production increase vs. 2025for FY2026“3.5% increase”—Filing ↗
Not restatedOrganic production (base case)for FY2026“approximately 210,000 BOE per day”—Filing ↗
Not restatedTotal productionfor FY2026“209,500 to 215,000 BOE per day”—Filing ↗
Not restatedRBL borrowings repaymentNo period stated“full repayment”—Filing ↗

Current guidance

Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.

Current fiscal year
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Combined Adjusted EBITDA of midstream assets“$360 million”for FY2026Company-definedFeb 24, 20261Filing ↗
Combined midstream Adjusted EBITDA growth“grow 8% to $360 million”for FY2026Company-definedFeb 24, 20261Filing ↗
% Oil“58%”for Q3 FY2026Company-definedAug 5, 20261Filing ↗
Adjusted free cash flow“approximately $900 million”for FY2026Company-definedAug 5, 20261Filing ↗
Average Daily Natural Gas Production, MMcf per day“561.0 to 573.0”for Q3 FY2026Company-definedAug 5, 20261Filing ↗
Average Daily Oil Production, Bbl per day“128,500 to 130,500”for Q3 FY2026Company-definedAug 5, 20261Filing ↗
Average Daily Total Production, BOE per day“222,000 to 226,000”for Q3 FY2026Company-definedAug 5, 20261Filing ↗
Average lateral length increase“~10%”for FY2026Company-definedFeb 24, 20261Filing ↗
Batch development projects share of net lateral footage turned to sales“~50%”for FY2026Company-definedFeb 24, 20261Filing ↗
Corporate Alternative Minimum Tax applicability“does not expect to be subject to the Corporate Alternative Minimum Tax”for FY2026Company-definedJul 22, 20251Filing ↗
Cost per completed lateral foot estimates“$795 per foot”for FY2026Company-definedAug 5, 20261Filing ↗
Current income taxes (% of pretax income)“0% to 1%”for FY2026Company-definedFeb 24, 20263Filing ↗
D/C/E and midstream CapEx front-loaded“55 to 60% of the full-year 2026 guidance of $1.5 billion”for FY2026Company-definedFeb 24, 20261Filing ↗
D/C/E and midstream capital expenditures“approximately $410 to $440 million”for Q3 FY2026Company-definedAug 5, 20261Filing ↗
D/C/E CapEx“$1.35 to $1.44 billion”for FY2026Company-definedFeb 24, 20262Filing ↗
D/C/E CapEx reduction narrative“the estimated $130 million D/C/E CapEx reduction in 2026 from $1.53 billion in 2025 to $1.40 billion in 2026”for FY2026Company-definedFeb 24, 20261Filing ↗
D/C/E capital expenditures“$1.48 to $1.56 billion”for FY2026Company-definedAug 5, 20261Filing ↗
Drilling and completion cost per completed lateral foot“$805 per completed lateral foot down to $785 at the low end”for FY2026Company-definedMay 6, 20261Filing ↗
Drilling and completion cost per lateral foot“approximately $795 per lateral foot”for FY2026Company-definedFeb 24, 20261Filing ↗
Drilling and completion cost per lateral foot (range)“$785 to $805 per lateral foot”for FY2026Company-definedFeb 24, 20261Filing ↗
Drilling, completing and equipping ("D/C/E") capital expenditures“$1.48 to $1.56 billion”for FY2026Company-definedAug 5, 20261Filing ↗
Estimated adjusted free cash flow“approximately $1.1 to $1.2 billion”for FY2026Company-definedMay 6, 20261Filing ↗
Hedge weighted average ceiling price“approximately $66 per barrel”for FY2026GAAP-tiedFeb 24, 20261Filing ↗
Hedge weighted average floor price“approximately $53 per barrel”for FY2026GAAP-tiedFeb 24, 20261Filing ↗
Increase in average lateral length“~10% expected increase in 2026 average lateral length as compared to 2025”for FY2026Company-definedFeb 24, 20261Filing ↗
Matador's 51% share of San Mateo 2026 CapEx“$50 to $60 million”for FY2026Company-definedFeb 24, 20261Filing ↗
Midpoint of 2026 D/C/E capital expenditure“$1.52 billion”for FY2026Company-definedAug 5, 20261Filing ↗
Midpoint of 2026 midstream capital expenditure“$155 million”for FY2026Company-definedAug 5, 20261Filing ↗
Midpoint of capital expenditure“$425 million”for Q3 FY2026Company-definedAug 5, 20261Filing ↗
Midpoint of Matador’s expected 2026 production“221,000 BOE per day”for FY2026Company-definedAug 5, 20261Filing ↗
Midpoint of total capital expenditure expectations“$1.675 billion”for FY2026Company-definedAug 5, 20261Filing ↗
Midstream CapEx“$100 to $110 million”for FY2026Company-definedAug 5, 20261Filing ↗
Midstream capital expenditures“$145 to $165 million”for FY2026Company-definedAug 5, 20261Filing ↗
Natural gas production“525 to 545 million cubic feet of natural gas per day”for FY2026Company-definedFeb 24, 20261Filing ↗
Natural Gas Production“525.0 to 545.0 MMcf/d”for FY2026Company-definedFeb 24, 20261Filing ↗
Natural Gas Production, MMcf per day“525 to 545”for FY2026Company-definedAug 5, 20261Filing ↗
Net lateral footage turned to sales“~1.25 million net lateral feet”for FY2026Company-definedMay 6, 20261Filing ↗
Net non-operated wells turned-in-line“15.9”for FY2026Company-definedAug 5, 20261Filing ↗
Net operated horizontal wells expected to turn to sales“30 to 33”for Q3 FY2026Company-definedAug 5, 20261Filing ↗
Net operated horizontal wells turned to sales“13.6”for FY2026Company-definedOct 21, 20251Filing ↗
Net operated wells turned-in-line“112.6”for FY2026Company-definedAug 5, 20261Filing ↗
Non-cash DD&A per BOE (within total operating expenses)“$15.50 to $15.80”for FY2026GAAP-tiedMay 6, 20261Filing ↗
Non-cash G&A expenses per BOE (within total operating expenses)“$0.20 to $0.30”for FY2026Company-definedMay 6, 20261Filing ↗
Oil Equivalent Production“209,500 to 215,000 BOE/d”for FY2026Company-definedFeb 24, 20261Filing ↗
Oil production“122,000 to 124,000 barrels of oil per day”for FY2026Company-definedFeb 24, 20261Filing ↗
Oil production (sequential growth)“approximately 3% to a quarterly record of approximately 129,500 barrels per day”for Q3 FY2026Company-definedAug 5, 20261Filing ↗
Oil production growth“approximately 3% to 123,000 barrels of oil per day”for FY2026Company-definedFeb 24, 20261Filing ↗
Oil production growth (year-over-year)“7%”for FY2026Company-definedAug 5, 20261Filing ↗
Oil production increase vs. 2025“3.5% increase”for FY2026Company-definedMay 6, 20261Filing ↗
Oil Production, Bbl per day“123,000 to 125,000”for FY2026Company-definedMay 6, 20262Filing ↗
Organic improvement to expected production“3,550 BOE per day (64% oil)”for FY2026Company-definedAug 5, 20261Filing ↗
Organic oil production growth (year-over-year), excluding acquisitions“6%”for FY2026Company-definedAug 5, 20261Filing ↗
Organic production (base case)“approximately 210,000 BOE per day”for FY2026Company-definedOct 21, 20251Filing ↗
Other wholly-owned midstream projects 2026 CapEx“$50 to $60 million”for FY2026Company-definedFeb 24, 20261Filing ↗
Outlook for oil“up to 7% year-over-year oil production growth”for FY2026Company-definedAug 5, 20261Filing ↗
Overall costs per completed lateral foot“$785 to $805”for FY2026Company-definedAug 5, 20261Filing ↗
Paloma acquisition estimated production“approximately 11,100 BOE per day (57% oil)”for Q3 FY2026Company-definedAug 5, 20261Filing ↗
Paloma and Ridge Runner acquisitions production contribution“approximately 10,000 BOE per day (57% oil)”for Q4 FY2026Company-definedAug 5, 20261Filing ↗
Percentage of 2026 oil production hedged“approximately 50%”for FY2026Company-definedFeb 24, 20261Filing ↗
Production contribution from Paloma and Ridge Runner acquisitions“approximately 10,000 BOE per day (57% oil)”for Q4 FY2026Company-definedAug 5, 20261Filing ↗
Reduction in average well cycle times“~13%”for FY2026Company-definedFeb 24, 20261Filing ↗
Reduction in timing to drill and complete a well“a 13% reduction in timing to drill and complete a well”for FY2026Company-definedFeb 24, 20261Filing ↗
San Mateo 2026 estimated CapEx“$100 to $115 million”for FY2026Company-definedFeb 24, 20261Filing ↗
Sequential oil production growth to quarterly record“approximately 129,500 barrels per day”for Q3 FY2026Company-definedAug 5, 20261Filing ↗
Sequential production growth“approximately 5% to 6%”for Q4 FY2026Company-definedAug 5, 20261Filing ↗
Shareholder returns“a similar amount of cash to shareholders in 2026 as in 2025”for FY2026Company-definedFeb 24, 20261Filing ↗
Timing of flow on Hugh Brinson pipeline“by the end of the third quarter of 2026”for Q3 FY2026Company-definedAug 5, 20261Filing ↗
Total 2026 midstream CapEx“$100 to $110 million”for FY2026Company-definedFeb 24, 20261Filing ↗
Total CapEx“$1.625 to $1.725 billion”for FY2026Company-definedAug 5, 20261Filing ↗
Total capital expenditures reduction“11% to $1.50 billion”for FY2026Company-definedFeb 24, 20261Filing ↗
Total capital expenditures vs 2025“8 to 12% lower total capital expenditures”for FY2026Company-definedOct 21, 20251Filing ↗
Total D/C/E and Midstream CapEx“$1.45 to $1.55 billion”for FY2026Company-definedFeb 24, 20261Filing ↗
Total D/C/E and midstream CapEx reduction vs. 2025“11%”for FY2026Company-definedMay 6, 20261Filing ↗
Total expected CapEx“$858 to $888 million”for FY2026Company-definedMay 6, 20261Filing ↗
Total Oil Equivalent Production, BOE per day“210,500 to 216,000”for FY2026Company-definedMay 6, 20262Filing ↗
Total operating expenses per BOE“$31.00 to $33.00”for FY2026GAAP-tiedAug 5, 20261Filing ↗
Total operating expenses per BOE (1)“$31.00 to $33.00”for FY2026GAAP-tiedMay 6, 20261Filing ↗
Total operating expenses per BOE (2)“$30.00 to $31.00”for FY2026GAAP-tiedFeb 24, 20261Filing ↗
Total production“209,500 to 215,000 BOE per day”for FY2026Company-definedFeb 24, 20261Filing ↗
Well costs on adjacent assets“as low as $640 per completed lateral foot”for Q3 FY2026Company-definedAug 5, 20261Filing ↗
Wells turned to sales on Eastern Antelope Ridge (batch)“13”for FY2026Company-definedFeb 24, 20261Filing ↗
Next year and medium term
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Cost per completed lateral foot on Woodford wells“$800 to $900 per completed lateral foot”for FY2028Company-definedAug 5, 20261Filing ↗
Woodford well cost target“$800 to $900 per completed lateral foot”for FY2028Company-definedAug 5, 20261Filing ↗
Target leverage ratio“1.0x”for FY2027Company-definedAug 5, 20261Filing ↗
Long term
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Delaware Basin drilling inventory“ten to 15 years”for the long termGAAP-tiedJul 22, 20251Filing ↗
No period stated
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Annualized dividend“$1.50 annually, or $0.375 per quarter”—Declared actionJul 22, 20252Filing ↗
Dividend policy“$1.50 annually, or $0.375 per quarter”—Declared actionFeb 18, 20252Filing ↗
Fixed quarterly dividend“$0.25 per quarter, or $1.00 per share on an annual basis”—Declared actionOct 22, 20241Filing ↗
Quarterly base dividend“$0.3125 per share”—Declared actionJul 22, 20251Filing ↗
Quarterly cash dividend“$0.375 per share”—Declared actionFeb 18, 20253Filing ↗
Quarterly dividend“$0.25 per quarter”—Declared actionOct 22, 20241Filing ↗
Quarterly fixed dividend“$0.3125 per share”—Declared actionApr 4, 20251Filing ↗
Stock repurchase program“will consider implementing a stock repurchase program later this month at its regularly scheduled meeting”—Declared actionApr 4, 20251Filing ↗

How one item moved

Current income taxes (% of pretax income), for FY2026 — every statement across the year, each linked to its filing.

Feb 24, 2026
New
“0% to 0.5%”
May 6, 2026
Widened
“0% to 1%”
Aug 5, 2026
Reiterated
“0% to 1%”

How your Oil & gas E&P sector group guides

12 companies in Oil & gas E&P. What they guide on, and who reported this season.

Most-guided metric families
Production volumes
11
Buybacks
10
Free cash flow
9
Capex
9
Dividends
9
Revenue
6
Adjusted EBITDA
3
Tax rate
3
This season’s releases
EOG ResourcesOct 8, 20260 changes
APA CorporationAug 5, 20267 changes
Chord EnergyAug 5, 202651 changes
Matador ResourcesAug 5, 202639 changes
Murphy OilAug 5, 202634 changes
Permian ResourcesAug 5, 202612 changes
Devon EnergyAug 4, 20267 changes
Diamondback EnergyAug 3, 202623 changes
Get this for your own peer set — Peer Guidance Briefing, $3,000.

Full history

Every metric, every release, eight quarters — the complete record as one table.

MetricFY2028FY2027FY2026FY2025FY2024Long-termNo period
Estimated increase in natural gas revenue for each $0.50 per MMBtu price increase (post-Hugh Brinson)——————1 statement
Cash tax payments (% of pre-tax book net income)———1 statement1 statement——
Combined Adjusted EBITDA of midstream assets——1 statement————
Combined midstream Adjusted EBITDA growth——1 statement————
Expected cash tax payments (% of pre-tax book net income)———1 statement1 statement——
The full record for Matador Resources and its Oil & gas E&P peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.

Filings

The 8 earnings releases this page is built from.

FiledFiscal periodAccessionGuidance items
Aug 5, 2026FY2026 Q20001520006-26-00003646Open filing ↗
May 6, 2026FY2026 Q10001520006-26-00001926Open filing ↗
Feb 24, 2026FY2025 Q40001628280-26-01113741Open filing ↗
Oct 21, 2025FY2025 Q30001520006-25-00021526Open filing ↗
Jul 22, 2025FY2025 Q20001520006-25-00018825Open filing ↗
Apr 4, 2025FY2025 Q10001520006-25-0001048Open filing ↗
Feb 18, 2025FY2024 Q40001520006-25-00003240Open filing ↗
Oct 22, 2024FY2024 Q30001520006-24-00020645Open filing ↗

Not located in filing

1 value was detected in these releases but could not be matched to an exact sentence in the filing body, so it is not shown as guidance. We surface the count rather than drop it silently.

Show the 1 unmatched span
SpanWhyFiled
full-year 2024 capital expenditure guidance range = increased by $50 millionspan gate: value not verbatim in filingOct 22, 2024
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
Report an error