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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 release its second quarter 2021 operational and financial results after trading on July 27, 2021. A live conference call will be held on July 28, 2021, at 9:00 a.m. Central Time to discuss these results. Participants can join via phone or through the Company's website. Matador focuses on the exploration, development, and production of oil and natural gas, primarily in the Delaware Basin and other key regions.
Matador Resources Company (NYSE: MTDR) announced key developments including an upgrade from S&P Global Ratings, raising its issuer credit rating from ‘B-’ to ‘B’, and its senior unsecured notes from ‘B’ to ‘B+’. This reflects anticipated improvements in credit measures due to disciplined capital spending and recent debt repayments. Additionally, Matador's midstream affiliate, San Mateo Midstream, secured a $75 million increase in lender commitments, raising its revolving credit facility to $450 million. The accordion feature also expands potential commitments to $700 million.
Matador Resources Company (NYSE: MTDR) will hold its 2021 Annual Meeting of Shareholders on June 4, 2021, at 9:30 a.m. Central Time at The Westin Galleria Dallas. Refreshments will be served from 8:30 a.m. for a social time with directors and management. The meeting will be webcast live, accessible via a link provided in the release or on the Investor Relations page of Matador's website. Matador is focused on oil and natural gas exploration in the U.S., particularly in the Delaware Basin and Eagle Ford shale.
Matador Resources Company (NYSE: MTDR) reported strong financial results for Q1 2021, achieving positive free cash flow of $63.9 million, a 7% increase from Q4 2020. Net cash from operations reached $169.4 million, enabling the repayment of $100 million in borrowings. The company experienced a significant 39% increase in average realized oil prices to $57.05 per barrel. Production outperformed expectations, with total oil equivalent production averaging 74,000 BOE per day. Matador also declared a quarterly dividend of $0.025 per share, payable on June 3, 2021. Despite challenges from Winter Storm Uri, operational achievements and reduced costs were notable.
Matador Resources Company (NYSE: MTDR) announced a quarterly cash dividend of $0.025 per share, payable on June 3, 2021, to shareholders of record as of May 13, 2021. This dividend reflects Matador's ongoing commitment to returning value to its shareholders. The company focuses on oil and natural gas exploration and production in key areas including the Wolfcamp and Bone Spring plays in the Delaware Basin, as well as operations in the Eagle Ford and Haynesville shale plays.
Matador Resources Company (NYSE: MTDR) will announce its first quarter 2021 operational and financial results on April 28, 2021, after market close. A live conference call is scheduled for April 29, 2021, at 9:00 a.m. CT, where management will discuss these results and operational highlights. Interested participants can join via phone or through the company's website. Matador focuses on oil and natural gas exploration and production, primarily in the Delaware Basin and Eagle Ford shale, and also has midstream operations supporting its activities.
Matador Resources Company (MTDR) has released its full year 2021 operating plan, projecting a significant increase in oil and natural gas production. The guidance estimates total oil production to rise by 10% to 17.2-17.8 million Bbl, and natural gas production by 12% to 76.0-79.0 Bcf. Capital expenditures are set to rise by 22% up to $575 million. Matador will enhance operations by adding a fourth drilling rig in March 2021 to expedite federal leasehold development. Additionally, the company announced its first quarterly cash dividend, signifying strong financial performance and commitment to shareholder returns.
Matador Resources Company (MTDR) reported strong fourth-quarter results for 2020, achieving a record 83,200 BOE per day in production, 14% higher sequentially. The company generated $157.6 million in net cash from operations, leading to $60.7 million in adjusted free cash flow. Matador reduced debt by $35 million and initiated a dividend of $0.025 per share, payable on March 31, 2021. Despite a net loss of $89.5 million, adjusted net income was positive at $32.3 million. The company plans to maintain positive cash flow and continue debt reduction in 2021.
Matador Resources Company (NYSE: MTDR) has announced its first quarterly cash dividend of $0.025 per share, payable on March 31, 2021. This policy reflects the company’s financial strength and commitment to returning value to shareholders. Matador repaid $35 million of its credit facility borrowings in Q4 2020 and another $10 million in January 2021. The executive team will forgo 2020 bonuses to strengthen the balance sheet, despite exceeding performance goals. The Board expresses confidence in future growth, particularly in drilling and production.
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