Matador Resources Company Increases Quarterly Cash Dividend

Matador Resources Company (NYSE: MTDR) (“Matador” or the "Company") today announced that its Board of Directors amended the Company’s dividend policy. Pursuant to the new policy, the Company intends to pay cash dividends on its common stock of $0.4375 per share per quarter, or $1.75 per share per year, beginning in the fourth quarter of 2026, which is a 17% increase from its prior policy of $0.375 per share per quarter, or $1.50 per share per year. The Board also declared a quarterly cash dividend of $0.4375 per share of common stock payable on December 4, 2026 to shareholders of record as of November 10, 2026.

Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, commented, “We are pleased to announce a 17% increase to our fixed dividend — the eighth increase in five years — bringing our quarterly cash dividend to $0.4375 per share per quarter, or $1.75 per share per year. The steady growth of our fixed dividend demonstrates the confidence we have in our free cash flow generation and our ability to repay debt. We remain focused on responsibly growing the Company while continuing to prioritize free cash flow and returning value to our shareholders.”