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MATADOR RESOURCES COMPANY - MTDR STOCK NEWS

Welcome to our dedicated page for MATADOR RESOURCES COMPANY news (Ticker: MTDR), a resource for investors and traders seeking the latest updates and insights on MATADOR RESOURCES COMPANY stock.

Matador Resources Company (NYSE: MTDR) is a well-established, Dallas-based independent energy company specializing in the exploration, development, production, and acquisition of oil and natural gas resources across the United States. The company's primary focus lies in shale plays and other unconventional resources, with significant operations in the oil and liquids-rich areas of the Eagle Ford Shale in South Texas, and the Wolfcamp and Bone Spring plays in the Permian Basin of Southeast New Mexico and West Texas. Additionally, Matador is active in the Haynesville Shale and Cotton Valley plays in Northwest Louisiana and East Texas.

Matador Resources also holds a substantial exploratory leasehold in Southwest Wyoming and adjacent areas of Utah and Idaho, where it is currently testing the Meade Peak Shale. The company prides itself on its exceptional team of dedicated technical and administrative professionals, and a robust corporate culture emphasizing strong performance and financial discipline.

With a strategic approach to midstream opportunities that support and enhance its core exploration and development activities, Matador Resources continues to achieve significant milestones. Recent projects include the expansion of their drilling programs and the successful acquisition of new properties to augment their already impressive asset portfolio.

Financially, Matador maintains a disciplined approach, consistently working to optimize its balance sheet and deliver value to its shareholders. The company's concerted efforts in operational efficiency and cost management have positioned it as a resilient player in the energy sector.

News

Matador Resources Company Prices Upsized Offering of $900 Million of Senior Notes Due 2032

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Matador Resources Company (MTDR) announced a private offering of $900 million of 6.500% senior unsecured notes due 2032, increasing from the initial $800 million. The offering is expected to close on April 2, 2024. The net proceeds will be used for repurchasing outstanding senior notes, general corporate purposes, potential acquisitions, and repayment of borrowings. The New Notes and related guarantees have not been registered under the Securities Act of 1933.
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Matador Resources Company Announces Cash Tender Offer for Any and All of Its Outstanding 5.875% Senior Notes Due 2026

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Matador Resources Company (MTDR) initiates a Tender Offer to purchase $699.2 million outstanding senior notes due 2026 with proceeds from $800 million senior unsecured notes due 2032. The Tender Offer expires on April 1, 2024, offering $1,000.75 per $1,000 principal amount of 2026 Notes plus accrued interest. The offer is subject to a Financing Condition and may be extended or amended at Matador's discretion.
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Matador Resources Company Announces Offering of $800 Million of Senior Notes Due 2032

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Matador Resources Company (NYSE: MTDR) plans to offer $800 million in senior unsecured notes due 2032 to repurchase outstanding 5.875% senior notes due 2026 and for general corporate purposes.
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Matador Resources Company Announces Pricing of Public Offering of Common Stock

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Matador Resources Company (MTDR) announces a public offering of 5,250,000 shares of common stock, expecting to raise approximately $347.3 million.
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Matador Resources Company Announces Commencement of Public Offering of Common Stock

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Matador Resources Company (MTDR) initiates a public offering of 5,250,000 shares of common stock to fund general corporate purposes, acquisitions, and debt repayment. J.P. Morgan and BofA Securities are the underwriters for the offering.
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Matador Resources Company Announces Amendment to Its Credit Facility and Completion of Natural Gas Pipeline Connections

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Matador Resources Company (NYSE: MTDR) successfully amends credit agreement, increasing commitment and facility amount, and extending maturity date. Five new banks join credit facility. Completion of natural gas pipeline connections strengthens midstream infrastructure.
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Matador Resources Company Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Operational Update, 2024 Operating Plan and Market Guidance

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Matador Resources Company (NYSE: MTDR) reported strong financial and operating results for the fourth quarter and full year 2023. The company achieved record production, decreased costs, and improved free cash flow. Matador anticipates further growth in 2024 with organic oil production gains of 10% year-over-year. The company's midstream business also performed well, with record results and expansion. Despite temporary midstream constraints, Matador expects record production in 2024 and plans to focus on profitability and operational efficiency.
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Matador Resources Company Declares Quarterly Cash Dividend

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Matador Resources Company (NYSE: MTDR) declares a quarterly cash dividend of $0.20 per share of common stock, payable on March 13, 2024, to shareholders of record as of February 23, 2024.
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Matador Resources Company Announces Appointment of New Director

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Matador Resources Company (NYSE: MTDR) has appointed Ms. Susan M. Ward, a former 12-year Senior Executive of Shell Oil Company, to its Board of Directors. Ms. Ward brings over 20 years of experience, including senior roles in M&A, commercial finance, and as a Board member of Shell Midstream Partners. She has also served as a Board member of Crescent Midstream, an independent energy company. Ms. Ward's extensive background in the energy sector and finance, along with her leadership roles in various committees, makes her a valuable addition to Matador's Board of Directors.
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Matador Resources Company Announces Date of Fourth Quarter and Full Year 2023 Earnings Release

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Matador Resources Company (NYSE: MTDR) plans to release Q4 and full year 2023 financial results on February 20, 2024. A live conference call will be held on February 21, 2024 to review the results and operational highlights. Participants can access the call by phone or through the company's website. A replay will be available on the website for one year.
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FAQ

What is the current stock price of MATADOR RESOURCES COMPANY (MTDR)?

The current stock price of MATADOR RESOURCES COMPANY (MTDR) is $53.07 as of December 20, 2024.

What is the market cap of MATADOR RESOURCES COMPANY (MTDR)?

The market cap of MATADOR RESOURCES COMPANY (MTDR) is approximately 6.6B.

What does Matador Resources Company do?

Matador Resources Company is an independent energy firm engaged in the exploration, development, production, and acquisition of oil and natural gas resources.

Where are Matador Resources' main operations located?

The company's main operations are in the Eagle Ford Shale in South Texas, the Wolfcamp and Bone Spring plays in the Permian Basin, and the Haynesville Shale and Cotton Valley plays in Louisiana and East Texas.

What is Matador Resources' focus in the energy sector?

Matador focuses on shale plays and other unconventional oil and natural gas resources, with an emphasis on both exploration and midstream opportunities.

How does Matador Resources maintain financial discipline?

The company employs a disciplined approach to financial management, focusing on operational efficiency, cost management, and optimizing its balance sheet to deliver shareholder value.

What are some of Matador Resources' recent achievements?

Recent achievements include the expansion of drilling programs, acquisitions of new properties, and ongoing success in their exploratory leaseholds in Southwest Wyoming and surrounding areas.

What areas is Matador Resources exploring in Wyoming?

Matador is exploring the Meade Peak Shale in Southwest Wyoming, as well as adjacent areas in Utah and Idaho.

How does Matador Resources enhance its exploration activities?

Matador identifies and develops midstream opportunities that support and enhance its core exploration and development business.

When was Matador Resources Company established?

Matador Resources was established as an independent energy company with a focus on pioneering shale and unconventional energy plays.

What is Matador Resources' approach to achieving operational efficiency?

Matador emphasizes a culture of strong performance, leveraging its team of dedicated professionals to continuously improve operational efficiency.

What makes Matador Resources a resilient player in the energy sector?

Matador's focus on financial discipline, strategic asset acquisition, and operational efficiency contributes to its resilience in the energy market.

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MATADOR RESOURCES COMPANY

NYSE:MTDR

MTDR Rankings

#1089 Ranked by Market Cap
#1444 Ranked by Dividends

MTDR Stock Data

6.62B
115.38M
7.34%
89.48%
6.07%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States of America
DALLAS