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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.
Matador Resources Company (NYSE: MTDR) plans to offer $400 million of senior unsecured notes due 2028, subject to market conditions. The proceeds will be used for general corporate purposes. The notes will not be registered under the Securities Act, and resale is permitted under Rule 144A and Regulation S. Matador is an independent energy company focused on oil and natural gas exploration and production, mainly in the Delaware Basin and Eagle Ford shale. The press release includes cautionary forward-looking statements regarding potential risks and uncertainties that may affect future performance.
Matador Resources Company (NYSE: MTDR) reported robust financial and operational results for 2022, completing the year with record production and net income. The company achieved an average production of 111,700 BOE per day in Q4 2022, marking a 22% annual increase to 38.5 million BOE for the year. Net income reached $1.21 billion or $10.11 per diluted share, a significant rise from the previous year. An increased dividend of $0.15 per share was announced, and the company plans to acquire Advance Energy for $1.6 billion. 2023 guidance includes total oil production of 26.4 to 27.3 million barrels.
Matador Resources Company (NYSE: MTDR) has announced the promotion of Brian J. Willey to Chief Financial Officer, effective February 16, 2023. Willey, who joined Matador in 2014, previously served as President of Midstream Operations and General Counsel. His extensive background includes corporate law and governance, focusing on mergers and acquisitions. Matador's founder, Joseph Wm. Foran, expressed confidence in Willey's ability to strengthen relationships with stakeholders and enhance strategic planning. Matador operates primarily in the Delaware Basin and conducts midstream operations, providing various services to the oil and gas industry.
Matador Resources Company (NYSE: MTDR) has declared a quarterly cash dividend of $0.15 per share, a 50% increase from the previous $0.10, payable on March 9, 2023, to shareholders on record as of February 27, 2023. This announcement reflects the company’s commitment to returning value to shareholders and aligns with its amended dividend policy disclosed on December 6, 2022. Matador operates primarily in the oil-rich regions of the Delaware Basin and is engaged in various aspects of oil and gas exploration and production.
Matador Resources Company (NYSE: MTDR) will announce its fourth quarter and full year 2022 operational and financial results on February 21, 2023, after trading closes. A conference call is scheduled for February 22, 2023, at 10:00 a.m. Central Time to discuss these results, including a significant
Matador Resources Company (NYSE: MTDR) announced its acquisition of Advance Energy Partners Holdings, LLC for $1.6 billion, expected to close in Q2 2023. This deal includes oil and gas properties in Lea County, NM, and Ward County, TX. The total consideration could reach $1.8 billion depending on future oil prices. The transaction is anticipated to generate an annual Adjusted EBITDA of $475-$525 million and is considered accretive to key financial metrics. Matador's leverage ratio is expected to remain below 1.0x post-acquisition. This strategic move is set to enhance Matador's position in the Delaware Basin while maintaining a strong balance sheet.
Matador Resources Company (NYSE: MTDR) has announced a revised dividend policy, increasing its quarterly cash dividend from $0.10 to
Matador Resources Company (NYSE: MTDR) reported strong Q3 2022 results, exceeding production expectations with over 105,000 BOE per day, a 50% increase from Q3 2020. The company has halved its debt to $750 million, resulting in upgraded credit ratings across agencies. The quarterly dividend has doubled to $0.40 per share for shareholders of record by November 10, 2022. However, net income fell 19% sequentially to $337.6 million due to lower commodity prices, despite a significant year-over-year increase of 66%. The Q3 adjusted EBITDA also saw a 19% decrease sequentially.
Matador Resources Company (NYSE: MTDR) has declared a quarterly cash dividend of $0.10 per share, payable on December 1, 2022, to shareholders of record as of November 10, 2022. This dividend reflects the company's ongoing commitment to returning value to shareholders. Matador operates primarily in the oil-rich Delaware Basin, focusing on the Wolfcamp and Bone Spring plays, while also engaging in midstream operations including oil transportation and natural gas processing.
Matador Resources Company (NYSE: MTDR) will announce its third quarter 2022 operational and financial results on October 25, 2022, after market close. A live conference call is scheduled for October 26, 2022, at 9:00 a.m. Central Time for a review of these results. Participants can access the call via a link provided in the release or through the company's website. A replay will be available for one year. Matador specializes in the exploration and production of oil and natural gas in the United States, focusing on regions such as the Delaware Basin and Eagle Ford shale.
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