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 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) has declared a quarterly cash dividend of $0.10 per share, payable on September 1, 2022, to shareholders of record as of August 17, 2022. This marks a significant increase from the previous dividend of $0.05 per share, effectively doubling returns for shareholders. The announcement aligns with the company's amended dividend policy from June 10, 2022, showcasing Matador's commitment to enhancing shareholder value through increased cash distributions.
Matador Resources Company (NYSE: MTDR) plans to release its second quarter 2022 operational and financial results after trading on July 26, 2022. The management will host a conference call on July 27, 2022 at 9:00 a.m. Central Time to discuss the results and operational highlights. Interested participants can access the call via a provided link and the company's website. The replay will be available for one year.
Matador focuses on oil and natural gas exploration and production in the United States, primarily in the Delaware Basin and Eagle Ford shale.
Matador Resources Company (NYSE: MTDR) has announced an amendment to its dividend policy, increasing the quarterly cash dividend to
Matador Resources Company (NYSE: MTDR) has announced the acquisition of Summit Midstream Partners' Lane Gathering and Processing System for $75 million in Eddy and Lea Counties, New Mexico. This acquisition includes a 60 million cubic feet per day cryogenic natural gas processing plant and approximately 45 miles of natural gas gathering pipelines. The deal is expected to enhance Matador's midstream operations and increase its takeaway capacity from the Delaware Basin. Closing is anticipated in the second quarter of 2022.
Matador Resources Company (NYSE: MTDR) will hold its 2022 Annual Meeting of Shareholders on June 10, 2022, at 9:30 a.m. Central Time at Hilton Dallas Lincoln Centre. A continental breakfast will precede the meeting, which will be webcast live. The company focuses on the exploration, development, and production of oil and natural gas resources in the U.S., primarily in the Delaware Basin, Eagle Ford, and Haynesville shale plays.
For more details, visit www.matadorresources.com.
Matador Resources Company (MTDR) announced strong financial results for Q1 2022. Key highlights include record revenues of $627 million and net income of $207 million, marking a 242% year-over-year increase. Adjusted earnings per share reached $2.32, an 84% sequential increase. The company reduced its debt significantly, achieving a leverage ratio of 0.8x. Production averaged 93,969 BOE per day, surpassing expectations. Despite inflationary pressures, capital expenditures were $199 million, below guidance, and Matador continues to focus on shareholder returns, including maintaining quarterly dividends.
Matador Resources Company (NYSE: MTDR) has declared a quarterly cash dividend of $0.05 per share, payable on June 3, 2022, to shareholders on record as of May 18, 2022. This announcement reflects Matador's commitment to returning value to its shareholders while maintaining its focus on exploration and development of oil and natural gas resources primarily in the Delaware Basin. Matador engages in midstream operations to support its production activities.
Matador Resources Company (NYSE: MTDR) will release its first quarter 2022 operational and financial results after trading on April 26, 2022. A live conference call to discuss these results is scheduled for April 27, 2022, at 9:00 a.m. Central Time. Participants can join via phone or listen through the Company’s website. The replay will be available until May 31, 2022. Matador focuses on oil and natural gas resources in the United States, particularly in the Delaware Basin and other significant plays.
Matador Resources Company (NYSE: MTDR) has announced its full year 2022 operating plan and market guidance, projecting significant increases in production across oil and natural gas metrics. The company expects total oil production to rise by 21%, reaching between 21.0 to 22.0 million barrels, while natural gas production is anticipated to increase by 16%, totaling between 92.0 to 98.0 Bcf. Capital expenditures for drilling and completion are estimated at $640 to $710 million, a 31% increase from 2021. Matador aims to operate six drilling rigs in the Delaware Basin and expects to implement efficiencies to mitigate rising service costs.
Matador Resources Company (MTDR) reported record financial results for Q4 and full year 2021, with revenues hitting $1.7 billion and net income at $585 million. Q4 highlights include a 15% increase in cash provided by operations to $334.5 million and adjusted free cash flow of $119.3 million. The company reduced debt significantly, achieving a leverage ratio of 1.1x, its lowest since mid-2014. Matador's successful operational milestones saw them produce an average of 87,300 BOE per day, exceeding guidance. The 2022 outlook remains positive, with expectations for continued strong production and shareholder returns.
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