Investor Presentaiton
Continued Progress in All Parts of San Mateo's Delaware
Midstream Business (51% Owned by Matador)
San Mateo Average Water Handling
(MBbl/d)
250
200
150
Up 8% sequentially;
117
105
100
up 13% YoY
San Mateo Average Natural Gas Gathering(1)
(MMcf/d)
233
300
216
213
217
206
200
250
191
163
152
200
Down 1% sequentially;
down 11% YoY
262
San Mateo
MIDSTREAM
216
201
192
195 193
179
149
150
131
121
104
100
50
60
50
0
0
1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20
San Mateo Average Oil Gathering
(MBbl/d)
35
30
30
Up 12% sequentially;
up 31% YoY
25
20
20
15
27
25
23
224
22
C
27
27
27
1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20
San Mateo Adjusted EBITDA(2)
($ in millions)
Up 21% sequentially;
$28.0
31
$30
$25
up 6% YoY
$19.1
$20
$17.4
$14.0
$15
$11.5
$10
10
10
6
4
5
1
$5
0
1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20
$0
$20.8
$26.3 $26.5 $26.2
$23.2
$22.7
1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20
(1) Natural gas gathering and processing volumes declined in Q1, Q2 and Q3 2020 as compared to Q4 2019, as anticipated, primarily as a result of reduced natural gas volumes being provided by a significant
third-party customer.
(2) Adjusted EBITDA is a non-GAAP financial measure. For a definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA (non-GAAP) to net income (GAAP) and net cash provided by operating
activities (GAAP), see Appendix.
Matador 28
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