Matador Resources Company (MTDR) AGM 2026 summary

Opening remarks and agenda

• Celebrated growth from $270,000 in assets and two shareholders to over $10 billion and 300 attendees at the AGM.

• Officially called the 2026 annual meeting to order, highlighting the company's inclusion in the Fortune 1000 and top revenue per employee.

• Founder, Chairman, and CEO Joseph Wm. Foran opened the meeting, outlining the agenda and welcoming shareholders and guests.

• Board members and special guests, including senior executives and committee chairs, were introduced.

• Recognized the tradition of holding active, in-person shareholder meetings.

Financial performance review

• Enterprise value grew from $730 million at IPO to $10.2 billion as of June 2026, with production rising from 7,000 BOE/d to 207,594 BOE/d.

• Achieved significant asset growth to $12 billion, with minimal debt and a robust project pipeline.

• Proved reserves increased from 27 MMBOE to 667 MMBOE, and Delaware Basin acreage expanded from 7,500 to 212,500 net acres.

• PV-10 value of proved reserves was $8.2 billion at year-end 2025.

• Maintained a strong balance sheet with $1.6 billion in liquidity and a leverage target of less than 1.0x by year-end 2026.

Board and executive committee updates

• Introduced and recognized board members and their diverse expertise in engineering, law, finance, and operations.

• Board nominees for Class III Directors with terms expiring at the 2029 AGM were introduced, highlighting expertise in oil and gas, finance, and strategic planning.

• Lead Independent Director Timothy E. Parker and other committee chairs provided remarks and updates.

• Highlighted the board's role in strategic oversight and maintaining high integrity.

• Officers and staff, including field teams, were acknowledged for their contributions.