Welcome to our dedicated page for Matador Res Co news (Ticker: MTDR), a resource for investors and traders seeking the latest updates and insights on Matador Res Co stock.
Overview of Matador Resources Co
Matador Resources Co is a well-established, independent energy company operating 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 exploration in unconventional shale plays, the company leverages deep industry expertise to identify strategically positioned assets. Utilizing industry-specific methodologies, Matador targets areas known for oil and liquids-rich reserves and unconventional geological formations.
Core Business and Operations
At its core, Matador Resources Co is committed to the sustainable development of its asset portfolio, which spans several key shale plays. The company’s operations focus on:
- Exploration: Engaging in rigorous geological assessments and technical evaluations to identify untapped oil and natural gas reserves.
- Development and Production: Employing advanced drilling and completion techniques to optimize production from shale and unconventional plays.
- Acquisition: Strategically acquiring assets poised for enhanced production efficiency, further solidifying its competitive position in the market.
This integrated approach underlines the company’s commitment to technical excellence and disciplined operational practices, ensuring that its asset development is both efficient and sustainable.
Geographic Focus and Asset Portfolio
Matador Resources Co has built a robust portfolio concentrated in major oil-producing regions of the United States. By targeting areas such as the oil-rich segments of shale plays, the company benefits from geographic diversification that enhances resource potential and operational flexibility. Notable regions include:
- South Texas, where assets within the Eagle Ford shale offer significant oil and liquids potential.
- The Permian Basin, particularly within the Wolfcamp and Bone Spring plays, where unconventional resource extraction is at the forefront.
- Regions spanning Northwest Louisiana and East Texas, encompassing well-regarded shale plays like Haynesville and Cotton Valley.
- Exploratory leasehold positions in Southwest Wyoming and adjacent areas, which serve as a testing ground for emerging shale techniques in the Meade Peak area.
Technical Expertise and Operational Excellence
Underpinning Matador Resources Co’s success is its team of dedicated technical and administrative professionals. The company’s strong culture of performance and financial discipline is reflected in its ability to implement advanced oil recovery methods and innovative drilling technologies. This technical prowess, paired with strategic asset management, enables Matador to optimize its operations while navigating the complexities of the energy industry.
Midstream Integration and Strategic Positioning
In addition to its upstream operations, Matador Resources Co actively identifies and develops midstream opportunities that support its core business functions. This integrated approach not only enhances the efficiency of transporting and processing oil and natural gas but also provides value-added support to the overall exploration and production activities. The company’s methodical strategy in asset acquisition and development positions it within a competitive landscape where operational discipline and technical excellence are paramount.
Industry Significance
Operating within the dynamic energy sector, Matador Resources Co serves as an exemplar of how technical expertise and a focused operational strategy can drive success in unconventional resource extraction. The company’s commitment to disciplined operations and strategic geographic positioning allows it to maintain a significant presence within regions known for oil and natural gas production. As a result, Matador plays a critical role in advancing exploration techniques and ensuring efficient resource development in complex geological environments.
Conclusion
The comprehensive approach of Matador Resources Co, which combines detailed exploration with robust development practices, highlights its enduring presence in the competitive landscape of the energy sector. Through an integration of technical innovation and strategic operational management, the company reliably advances its core mission of efficiently exploring, developing, and producing oil and natural gas resources, thereby underscoring its value within the broader energy industry.
Matador Resources Company (NYSE: MTDR) has scheduled its first quarter 2025 earnings release for Wednesday, April 23, 2025, after market close. The company will host a conference call the following day, Thursday, April 24, 2025, at 10:00 a.m. Central Time to discuss financial results and operational highlights.
Participants can access the conference call through a registration link and are advised to dial in 15 minutes before the scheduled start time. The call will also be accessible through the company's website, with a replay available for one year on the Events and Presentations page under the Investor Relations section.
Matador Resources (NYSE: MTDR) has announced the sale of its remaining Eagle Ford shale assets in South Texas for over $30 million across multiple transactions. The company has utilized these proceeds and cash flows to reduce borrowings under its credit facility by $180 million in Q1 2025, ending with $405 million outstanding and a leverage ratio of one times or less.
The company now maintains a strong financial position with approximately $1.8 billion in liquidity. Matador has implemented strategic hedging positions, securing oil costless collars for H1 2025 (45,000 Bbl/day at $60-$86/Bbl) and H2 2025 (70,000 Bbl/day at $52-$77/Bbl).
Matador continues to focus on its 200,000 net acres in the northern Delaware Basin, with 80% held by production. The company has taken precautionary measures including securing inventory for its 2025 drilling program and maintaining flexible rig contracts. The board will consider implementing a stock repurchase program while maintaining its quarterly dividend of $0.3125 per share.
Matador Resources Company (MTDR) reported strong financial and operational results for Q4 and full year 2024, announcing a 25% dividend increase to $1.25 annually. The company achieved record quarterly production of 201,116 BOE per day, marking a 30% increase year-over-year.
Key highlights include record Q4 oil production of 118,440 barrels per day (up 34%) and natural gas production of 496.1 million cubic feet per day (up 26%). The company reduced its cost per completed lateral foot by 11% to $910 during 2024 and added nearly 50,000 net acres in the Delaware Basin.
For full-year 2024, Matador reported net income of $885.3 million (up 5%) and Adjusted EBITDA of $2.30 billion (up 24%). The company projects adjusted free cash flow approaching $1 billion in 2025 and aims to increase average daily production by 20% to 205,000 BOE per day in 2025.
Matador Resources Company (NYSE: MTDR) has appointed Paul W. Harvey to its Board of Directors. Harvey, currently a Private Wealth Advisor at Vaquero Private Wealth in Dallas, brings over 40 years of investment experience and has been a long-term Matador shareholder. His previous roles include Chief Investment Officer, Senior Portfolio Manager, and Managing Director at BlackRock, where he led a team providing investment solutions to high-net-worth individuals.
Harvey holds an MBA in Finance from SMU's Cox School of Business, a BBA from UT Austin, and both CFA and Certified Private Wealth Advisor certifications. He will serve on the company's Audit Committee, Capital Markets and Finance Committee, and Marketing and Midstream Committee.
Matador Resources Company (NYSE: MTDR) has scheduled its fourth quarter and full year 2024 earnings release for Tuesday, February 18, 2025, after market close. The company will host a conference call on Wednesday, February 19, 2025, at 9:00 a.m. Central Time to discuss the results and operational highlights.
Along with the earnings release, Matador plans to announce its full year 2025 operational and financial guidance. The conference call will be accessible via phone registration and through the company's website. To avoid delays, participants are advised to dial in 15 minutes before the scheduled start time.
Matador Resources Company (NYSE: MTDR) has successfully closed the contribution of Pronto Midstream to San Mateo Midstream, its 51%-owned midstream joint venture, at a pre-closing valuation of approximately $600 million. The transaction brings San Mateo's total estimated asset value to over $1.5 billion net to Matador.
The deal includes a $220 million upfront cash payment to Matador plus potential performance incentive payments up to $75 million. Key benefits include increased flow assurance, a long-term sour gas solution in northern Lea County, New Mexico, and acceleration of the Marlan Processing Plant expansion. The plant is expected to reach its designed capacity of 260 million cubic feet as early as 2026, making San Mateo one of New Mexico's leading natural gas processors with over 700 million cubic feet of designed inlet capacity.
Matador Resources Company (NYSE: MTDR) has announced the contribution of its wholly-owned subsidiary Pronto Midstream to San Mateo Midstream, , at a total implied valuation of approximately $600 million. The transaction includes an up-front cash payment of $220 million and potential incentive payments of up to $75 million over five years.
The deal involves Pronto's Marlan cryogenic natural gas processing plant, which is being expanded from 60 to 260 million cubic feet per day capacity. San Mateo will maintain its current ownership structure (51% Matador, 49% Five Point Energy). The transaction is expected to close by December 31, 2024, with Matador planning to use the cash payment to reduce its revolving credit facility debt, targeting a leverage ratio of approximately 1.1x.
Matador Resources Company (NYSE: MTDR) announced a 30% increase in its borrowing base from $2.50 billion to $3.25 billion, while maintaining borrowing commitments at $2.25 billion. The company's midstream joint venture, San Mateo Midstream, amended its credit agreement, increasing lender commitments by 50% to $800 million and extending maturity to November 2029. As of November 30, 2024, Matador had $830 million outstanding under its revolving credit facility with approximately $1.4 billion in liquidity. San Mateo's agreement includes a $250 million accordion feature and reduced borrowing costs, expected to save $1.5 million annually.
Matador Resources Company (NYSE: MTDR) has received approximately $113 million from the sale of its 19% ownership stake in Piñon Midstream, to Enterprise Products Partners L.P. The ownership interest was initially acquired through Matador's Ameredev acquisition in September 2024. The company plans to use the proceeds to reduce its outstanding borrowings under its $2.25 billion credit facility, which currently stands at $980 million.
Matador Resources Company (NYSE: MTDR) reported record third quarter 2024 results, increased full-year 2024 guidance, and expects to produce over 200,000 BOE per day in 2025. Key highlights include:
- Record average total production of 171,480 BOE per day (100,315 barrels of oil per day)
- Net cash provided by operating activities of $610.4 million
- Adjusted free cash flow of $196.1 million
- Net income of $248.3 million, or $1.99 per diluted common share
- Adjusted EBITDA of $574.5 million
The company successfully closed its largest acquisition to date, integrating Ameredev assets. Matador increased its full-year 2024 guidance for production and capital expenditures. The company expects to produce over 200,000 BOE per day in 2025 and maintains a strong balance sheet with over $1.25 billion in liquidity as of September 30, 2024.
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