Matador Resources Company Announces Pricing of Public Offering of Common Stock

Matador Resources Company (NYSE: MTDR) (“Matador”) announced today that it has priced an underwritten public offering of 5,250,000 shares of its common stock. The total estimated gross proceeds of the offering, before estimated offering fees and expenses, are approximately $347.3 million. The offering is expected to close on or about March 27, 2024, subject to customary closing conditions.

Matador intends to use the net proceeds from this offering for general corporate purposes, which may include, among other things, the funding of acquisitions and the repayment of borrowings outstanding under Matador’s revolving credit facility.

J.P. Morgan and BofA Securities are acting as the underwriters for the offering. The underwriters may offer the shares of Matador’s common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

When available, copies of the preliminary prospectus supplement, prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov or by sending a request to:

J.P. Morgan Securities LLC
Attention: c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York, 11717
Telephone: [phone]
E-mail: [e-mail]

BofA Securities, Inc.
Attention: Prospectus Department
NC1-022-02-25
201 North Tryon Street
Charlotte, NC, 28255-0001
Telephone: [phone]
E-mail: [e-mail]

The shares of common stock will be offered and sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the SEC. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”).