Matador Resources Company reported its third quarter 2025 results, with record production averaging 209,184 barrels of oil and natural gas equivalent $(BOE)$ per day. This represents a 22% increase from the third quarter of 2024, when production averaged 171,480 BOE per day. The company also announced its quarterly cash dividend was increased from $1.25 to $1.50 per year, paid proportionally each quarter. Production growth was attributed to outperformance of existing wells and new wells turned to sales during the quarter, including six non-operated Haynesville shale wells contributing a combined 1.5 billion cubic feet (Bcf) of natural gas, or 17 million cubic feet (MMcf) per day net to Matador. The company updated its full-year 2025 guidance, effective October 21, 2025.