Matador Resources Company · NYSE:MTDR
Matador Resources — Shareholder Meeting (June 2026)
39 slides from Matador Resources's shareholder meeting presentation, Jun 11, 2026
Slide 1: Annual Meeting of Shareholders
Annual Meeting of Shareholders June 11, 2026
Slide 2: Investor Relations Contact and Disclosure Statements
Investor Relations Contact and Disclosure Statements Safe Harbor Statement – This presentation and statements made by representatives of Matador Investor Relations Contact Resources Company (“Matador” or the “Company”) during the course of this presentation includes “forward- looking statements” wit
Slide 3: Opening Remarks
Opening Remarks Joseph Wm. Foran, Founder, Chairman and CEO
Slide 4: 40+ Years of Generating Shareholder Value
40+ YEARS OF GENERATING SHAREHOLDER VALUE 1983 2003 Today “Matador I” “Matador II” Initial Capital: $270,000 Initial Capital: $6 million Sale Price: $388 million Asset Value: $12.2 billion(1) (1) Total assets as of March 31, 2026.
Slide 5: Strategic Delaware Basin Acreage and Three-Stream Pipeline Growth
Strategic Delaware Basin Acreage and Three-Stream Pipeline Growth 2017: 2022: 2025: 114,000 Net Acres 129,400 Net Acres 212,500 Net Acres LEA LEA LEA EDDY EDDY EDDY BLM Lease Development Area LOVING LOVING LOVING Matador Acreage BLM Lease Sale Matador Acreage Matador Acreage Midstream Pipeline Midst
Slide 6: Why Matador? A Proven Track Record of Disciplined and Profitable Growth
Why Matador? A Proven Track Record of Disciplined and Profitable Growth (1) (2) At IPO Today (3) $10.2 billion ENTERPRISE VALUE $730 million 207,594 BOE/d PRODUCTION 7,000 BOE/d 667 MMBOE(4) PROVED RESERVES 27 MMBOE (4) DELAWARE ACREAGE 212,500 net acres 7,500 net acres 900 miles MIDSTREAM PIPELINE
Slide 7: Steady Growth, Measured Pace
Steady Growth, Measured Pace BOE Per Share Today: Market 6 Cap ~$7 Billion 800 Over 5 BOE of 700 5 reserves behind each share of Total Proved Reserves, MMBOE 600 (1) 4 MTDR stock 500 3 400 300 2 200 1 100 2012: IPO with (2) $300 Million 0 0 IPO 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Slide 8: Matador's Significant Achievements Over the Years
Matador’s Significant Achievements Over the Years #826 #1 Largest Public E&P in Dallas(1) U.S. Top 1000 Companies Across All Industries(2) (by revenue) #1 Revenue per Employee Across All Industries(3) Top 10 Producer of Oil & Gas in New Mexico(4) (207,070 BOE/d) (1) Based on market capitalization as
Slide 9: Introduction of Board Members
Introduction of Board Members
Slide 10: Recognition of Staff and Special Guests
Recognition of Staff and Special Guests Van H. Singleton Bryan A. Erman, Shelley F. Appel Co-President – Co-President, Director Land, Acquisitions Chief Legal Officer Co-Chair, & Divestitures and Head of M&A Sustainability and Planning and Development Committee
Slide 11: Availability of KPMG LLP
Availability of KPMG LLP Chris Stakem of KPMG LLP, the Company’s independent registered public accounting firm is in attendance today Mr. Stakem is available to respond to any questions you may have 11
Slide 12: Other Important Items
Other Important Items To receive mail correspondence or routine investor alerts via our website, please email your request to investors@matadorresources.com Press releases and investor presentations are also available on our website, www.matadorresources.com 12
Slide 13: Annual Meeting of Shareholders
Annual Meeting of Shareholders Bryan A. Erman, Co-President, Chief Legal Officer and Head of M&A
Slide 14: Summary of Proposals for Consideration at Annual Meeting
Summary of Proposals for Consideration at Annual Meeting Proposal 1 – Election of Directors Proposal 2 – Advisory Vote to Approve Named Executive Officer Compensation Proposal 3 – Ratification of the Appointment of KPMG LLP The Board of Directors recommends that you vote FOR the election of al
Slide 15: Introduction of Director Nominees
Introduction of Director Nominees Monika U. Ehrman, Director Co-Chair, Sustainability and Development Committee
Slide 16: Proposal 1 – Election of Directors
Proposal 1 – Election of Directors Director Nominees Class III Directors (Term Expiring at 2029 Annual Meeting of Shareholders) Professional • Matador Resources Company, Matador Petroleum Corporation, Foran Oil Company Experience • J. Cleo Thompson, Jr., Lawyer • Oil and Gas Exploration and Develo
Slide 17: Proposal 1 – Election of Directors (cont.)
Proposal 1 – Election of Directors (cont.) Director Nominees Class III Directors (Term Expiring at 2029 Annual Meeting of Shareholders) Professional • Contractor in Charge of Research, Brightworks Wealth Management, LLC Experience • Former Portfolio Manager and Analyst – Natural Resources, T. Rowe
Slide 18: Advisory Vote on Named Executive Officer Compensation
Advisory Vote on Named Executive Officer Compensation R. Gaines Baty, Deputy Lead Independent Director Chair, Strategic Planning and Compensation Committee
Slide 19: Proposal 2 – Advisory Vote on 2025 Named Executive Officer Compensation
Proposal 2 – Advisory Vote on 2025 Named Executive Officer Compensation The Company seeks a non-binding advisory vote from its shareholders regarding the 2025 compensation of its Named Executive Officers as described in the Proxy Statement “Resolved, that the compensation paid to the Company’s N
Slide 20: Ratification of Public Accounting Firm
Ratification of Public Accounting Firm Ben Colodney, Senior Vice President and Chief Accounting Officer
Slide 21: Proposal 3 – Ratification of the Appointment of KPMG LLP
Proposal 3 – Ratification of the Appointment of KPMG LLP KPMG LLP (“KPMG”) served as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2025 The Audit Committee has appointed KPMG as the Company’s independent registered public accounting firm for t
Slide 22: Summary of Proposals for Consideration at Annual Meeting
Summary of Proposals for Consideration at Annual Meeting Proposal 1 – Election of Directors Proposal 2 – Advisory Vote to approve Named Executive Officer Compensation Proposal 3 – Ratification of the Appointment of KPMG LLP The Board of Directors recommends that you vote FOR the election of al
Slide 23: Lead Independent Director's Remarks
Lead Independent Director’s Remarks Timothy E. Parker, Lead Independent Director Chair, Capital Markets and Finance Committee
Slide 24: Why Own Now
Why Own Now • Better wells for less money $6.9B (1) Market Cap • Strategic midstream business $8.2B (2) • Hugh Brinson gas price upside Proved Reserves • Strong participation by management and staff in share purchases <1.0x 2026YE Leverage Target • Over 210,000 high-quality Delaware Basin acres • 10
Slide 25: Operations Report
Operations Report Reynald A. Baribault, Director Chair, Operations and Engineering and Prospect Committees
Slide 26: New MAXCOM Operations Center – Fully Operational
New MAXCOM Operations Center – Fully Operational Averaging 99% in Zone(1) Fastest 3-mile Lateral Drilled in 10.6 Days (1) Calculated based on well rig release date. Updated as of 06/01/2026. 26
Slide 27: BLM Lease Development Area and "Guss" Unit
BLM Lease Development Area and "Guss” Unit BLM Lease Development “Guss” Area Development Matador Acreage BLM Lease Sale Guss Development Note: Acreage as of December 31, 2025, is pro forma for May 2026 Federal Bureau of Land Management Lease Sale. Some tracts are not shown on map. 27
Slide 28: "Guss" Wells – Longest Laterals in Company History at 3.4 Miles
“Guss” Wells – Longest Laterals in Company History at 3.4 Miles $66 million in value creation(1) (1) Value creation through CapEx reduction in combining (18) 1.7 mile wells into (9) 3.4 mile lateral wells. 28
Slide 29: Midstream and Marketing Update
Midstream and Marketing Update Susan Ward, Director Chair, Midstream and Marketing Committee
Slide 30: Midstream System Complements Newly Acquired BLM Lease Acreage
Midstream System Complements Newly Acquired BLM Lease Acreage Marlan Plant BLM Lease Black River Development Plant Area New Mexico Texas Matador Acreage BLM Lease Sale Midstream Pipeline Planned Pipeline Gas Processing Plant Water Handling Facility Note: Figures represent San Mateo and Matador wholl
Slide 31: Marlan Plant – Provides Flow Assurance
Marlan Plant – Provides Flow Assurance 260 MMcf/day Gas Processing Capacity Midstream Pipelines Processing Plants Matador Acreage 31 Note: Marlan Plant named for Mr. Marlan W. Downey, former executive of Shell, President of ARCO and long-time MTDR Board advisor.
Slide 32: Financial Update
Financial Update Christopher P. Calvert, Joseph Wm. Foran, Executive Vice Founder, Chairman and CEO President and Chief Financial Officer
Slide 33: Why Matador? A Proven Track Record of Disciplined and Profitable Growth
Why Matador? A Proven Track Record of Disciplined and Profitable Growth (1) (2) At IPO Today (3) $10.2 billion ENTERPRISE VALUE $730 million 207,594 BOE/d PRODUCTION 7,000 BOE/d 667 MMBOE(4) PROVED RESERVES 27 MMBOE (4) DELAWARE ACREAGE 212,500 net acres 7,500 net acres 900 miles MIDSTREAM PIPELINE
Slide 34: MTDR's Senior Management are Buyers
MTDR’s Senior Management are Buyers (1) Number of Net Shares Bought & Sold by Senior Management (2021 to 2026) 200,000 0 (200,000) (400,000) (600,000) (800,000) (1,000,000) (1,200,000) (1,400,000) (1,600,000) (1,800,000) (2,000,000) (11,000,000) MTDR APA OVV SM FANG CTRA PR Buys / Sells 87 / 0 0/4 6
Slide 35: Chairman's Closing Remarks
Chairman’s Closing Remarks Joseph Wm. Foran, Founder, Chairman and CEO
Slide 36: Annual Meeting of Shareholders
Annual Meeting of Shareholders June 11, 2026
Slide 37: Appendix / Reconciliation
aN, ¢ Matador =a RESOURCES COMPANY ti Appendix / Reconciliation MIDR NYSE
Slide 38: Strong and Simple Balance Sheet
Strong and Simple Balance Sheet ~$1.6 Billion Total Liquidity(1) 2026YE Leverage Target May 31, 2026 $3.5 Available <1.0x $3.0 but not yet elected: $2.5 ~$500 M Current RBL Borrowings(1) ($ in Billions) $2.0 Liquidity: ~$1.6 B ~$1.1 Billion $1.5 $1.0 Current Near Term Debt $0.5 Borrowings $- $0 RBL
Slide 39: PV-10 Reconciliation
PV-10 Reconciliation PV-10 is a non-GAAP financial measure and generally differs from Standardized Measure, the most directly comparable GAAP financial measure, because it does not include the effects of income taxes on future net revenues. PV-10 is not an estimate of the fair market value of the Co
Matador Resources Company — Shareholder Meeting (June 2026) on 6ix