Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that it has recently entered into multiple natural gas transportation and marketing agreements to improve all-in pricing netbacks in a strategic transaction that will achieve exposure to NYMEX Henry Hub pricing and LNG markets.

In addition to contracts related to other pipelines, Matador has secured firm transportation on Energy Transfer’s Hugh Brinson Pipeline to move 500,000 MMBtu per day of natural gas production out of the Permian Basin to points of sale where demand and pricing have historically been significantly higher than at the Waha Hub. Expected to come online in the fourth quarter of 2026, this pipeline system will transport natural gas from West Texas to Maypearl, Texas located south of the Dallas/Ft. Worth Metroplex. From there, Matador’s natural gas will be transported to East Texas and markets along the Gulf Coast with access to LNG export markets and other key trading hubs. Since 2024, natural gas sold at these markets has received an average price that is more than two dollars per MMBtu higher than the average Waha Hub price. If demand for natural gas in these markets increases from additional LNG exports or natural gas-powered data centers, we expect to further benefit from our exposure to these new markets.

Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, commented, “With takeaway constraints increasingly visible across the Permian Basin, locking in firm transportation out of the basin is an important part of our long-term planning. We are proud of our marketing team for creatively finding solutions to access markets and trading hubs throughout Texas and beyond, reducing Matador’s exposure to Waha pricing, and want to thank Energy Transfer for their professionalism and cooperation on this transaction. When the Hugh Brinson Pipeline is placed into service, Matador expects that the access to new markets and reduced exposure to Waha will increase the price that Matador realizes for its natural gas production, as well as serve to increase Matador’s expected free cash flow from its production, further solidifying Matador’s position as one of the Delaware Basin’s highest-margin operators. For every $0.50 per MMBtu of increased natural gas price realization Matador achieves as a result of these agreements, Matador expects its annual revenue to increase by approximately $90 million.”

In addition to the firm natural gas transportation agreements to the Gulf Coast, Matador has extended a separate gas transportation agreement with another pipeline company to transport a portion of its natural gas to the Southern California market, where pricing has historically exceeded pricing in Texas and Louisiana.

For more information about the Hugh Brinson Pipeline and a map of the pipeline system, visit www.hughbrinsonpipeline.com.

About Matador Resources Company

Matador is an independent energy company founded in 1983 with $270,000, which now has over $10 billion in assets. It is engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. In addition, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.

For more information, visit Matador Resources Company at www.matadorresources.com.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about the anticipated in-service date and availability of firm transportation on the Hugh Brinson Pipeline, expected market access, including access to LNG export facilities along the Louisiana Gulf Coast and other key trading hubs, expected reductions in exposure to Waha pricing and improvements in realized natural gas prices, expected impacts on Matador’s financial and operating results, the extension of transportation arrangements to the Southern California market and the benefits thereof and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the timing for completion and placement into service of the Hugh Brinson Pipeline and related infrastructure; disruption from Matador’s acquisitions or dispositions making it more difficult to maintain business and operational relationships; significant transaction costs associated with Matador’s acquisitions or dispositions; the risk of litigation and/or regulatory actions related to Matador’s acquisitions or dispositions, as well as the following risks related to financial and operational performance: general economic conditions; Matador’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of Matador’s midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on Matador’s operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its revolving credit facilities and otherwise; the operating results of and the availability of any potential distributions from our joint ventures; weather and environmental conditions; the impact of the One Big Beautiful Bill Act; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

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