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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.

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Matador Resources Company (NYSE: MTDR) has announced a quarterly cash dividend of $0.20 per share of common stock. The dividend will be payable on September 5, 2024 to shareholders of record as of August 15, 2024. This declaration by Matador's Board of Directors demonstrates the company's commitment to returning value to its shareholders through regular dividend payments.

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Matador Resources Company (NYSE: MTDR) announced the release date for its second quarter 2024 operational and financial results. The results will be published after the market closes on Tuesday, July 23, 2024.

In addition, the company will host a live conference call on Wednesday, July 24, 2024, at 10:00 a.m. Central Time to discuss these results and highlight operational aspects. Participants can register through a provided link to obtain dial-in details and are advised to connect 15 minutes prior to the start time.

The conference call will also be accessible via Matador’s website, and a replay will be available for one year on the Events and Presentations page under Investor Relations.

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Matador Resources Company (NYSE: MTDR) has announced an agreement to acquire a subsidiary of Ameredev II Parent, , including oil and gas properties in New Mexico and Texas, for $1.905 billion. The acquisition also includes a 19% stake in Piñon Midstream, The deal is expected to close in late Q3 2024 with an effective date of June 1, 2024. On completion, Matador expects to hold over 190,000 net acres in the Delaware Basin, production of over 180,000 BOE per day, and reserves totaling over 580 million BOE. The transaction aims to generate an Adjusted EBITDA of $425-475 million in the forward year, maintaining a leverage ratio below 1.0x by mid-2025. The acquisition adds 33,500 net acres, 431 gross drilling locations, and significant reserves to Matador's portfolio.

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Matador Resources Company (NYSE: MTDR) has announced the details for its 2024 Annual Meeting of Shareholders, scheduled for June 13, 2024, at 9:30 a.m. Central Time at the Hilton Anatole hotel in Dallas, Texas. The meeting will include a continental breakfast for shareholders to interact with directors, management, and employees, with a live webcast available for remote access.

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Matador Resources Company (NYSE: MTDR) reported its first quarter 2024 financial and operating results, exceeding expectations due to excellent operational and financial execution. The company anticipates achieving the high end of its full-year 2024 guidance range for total oil and natural gas equivalent production, oil production, and natural gas production. Matador has shown consistent growth in oil production annually since becoming a public company in 2012.
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Matador Resources Company (NYSE: MTDR) declares a quarterly cash dividend of $0.20 per share of common stock, payable on June 7, 2024, to shareholders of record as of May 17, 2024.
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Matador Resources Company (MTDR) plans to release first quarter 2024 operational and financial results on April 23, 2024. A live conference call will be held on April 24, 2024, to review the results.
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Matador Resources Company (MTDR) successfully completed a cash tender offer to purchase $556.3 million of its 5.875% Senior Notes due 2026, representing approximately 80% of the outstanding aggregate principal amount. The company expects to pay the Consideration for the tendered Notes on April 2, 2024, and plans to redeem any outstanding Notes on September 15, 2024. The Tender Offer was managed by BofA Securities, Inc., and further details can be obtained from the information agent, Global Bondholder Services
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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 (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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FAQ

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.

Matador Resources Company

NYSE:MTDR

MTDR Rankings

MTDR Stock Data

7.82B
124.78M
7.33%
92.53%
7.88%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
DALLAS