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.
Matador Resources Co (MTDR) is a leading independent energy company focused on oil and natural gas exploration within major US shale plays. This page serves as the definitive source for all official company announcements and market-relevant updates.
Investors and industry observers will find timely access to earnings reports, operational developments, and strategic acquisitions across MTDR's core areas including the Permian Basin and Eagle Ford shale. The curated news collection enables efficient tracking of production milestones, technical innovations, and asset portfolio expansions.
All content is sourced directly from company communications and verified financial channels, providing reliable updates on drilling advancements, midstream infrastructure projects, and regulatory developments. Bookmark this page for streamlined monitoring of MTDR's progress in unconventional resource extraction and energy sector leadership.
Matador Resources (NYSE: MTDR) reported strong Q1 2025 results and announced a $400 million share repurchase program. The company achieved record production with total oil and natural gas output increasing 33% to 198,631 BOE per day, exceeding expectations.
Key operational highlights include:
- Oil production up 36% to 115,030 barrels per day
- Natural gas production increased 29% to 501.6 million cubic feet per day
- 40 gross operated wells turned to sales in Q1 2025
- Drilling costs decreased 3% to $880 per completed lateral foot
The company plans to reduce drilling rigs from nine to eight by mid-2025, lowering capital expenditures by $100 million to $1.275 billion. Updated 2025 guidance projects approximately 200,000 BOE per day production, representing a 17% increase from 2024 despite the rig reduction.
Matador Resources Company (NYSE: MTDR) has announced a quarterly cash dividend declaration. The company's Board of Directors has approved a dividend payment of $0.3125 per share of common stock. The dividend will be paid on June 6, 2025, to shareholders who are on record as of May 9, 2025.
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.
