Welcome to our dedicated page for Matador Res news (Ticker: MTDR), a resource for investors and traders seeking the latest updates and insights on Matador Res stock.
Matador Resources Company reports news on its independent oil and natural gas exploration, development, production and acquisition business in the United States. The company's operations focus primarily on the oil and liquids-rich Wolfcamp and Bone Spring plays in the Delaware Basin of Southeast New Mexico and West Texas, with additional activity in the Haynesville shale and Cotton Valley plays in Northwest Louisiana.
Recurring updates cover operating and financial results, production guidance, capital spending, reserve-based lending activity, dividends, senior note transactions and executive leadership changes. Matador also reports developments tied to its midstream operations, including natural gas processing, oil transportation, natural gas, oil and produced water gathering, and produced water disposal services for its own operations and third parties.
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.
Matador Resources Company (NYSE: MTDR) reported a 7% increase in proved oil and natural gas reserves, totaling 270.3 million BOE as of December 31, 2020. This improvement, despite a significant drop in oil and gas prices by 31% and 23% respectively, demonstrates the company's robust operational efficiency. Notably, proved developed reserves rose by 17%, contributing to a stronger financial outlook. The Delaware Basin saw a 12% increase, now making up 97% of total reserves. However, the Standardized Measure and PV-10 values of reserves declined by 22% and 26%, respectively, due to commodity price reductions.
Matador Resources Company (NYSE: MTDR) will release its fourth quarter and full year 2020 operational and financial results on February 23, 2021, after market close. A live conference call to discuss these results will take place on February 24, 2021, at 9:00 a.m. Central Time. Additionally, Matador plans to provide its full year 2021 operational and financial guidance during this earnings release. Investors can access the call via phone or through the Company’s website, where a replay will also be available through March 31, 2021.
Matador Resources Company (NYSE: MTDR) reported third-quarter 2020 results, reflecting operational success despite market challenges. Key achievements included the completion of 13 Boros wells exceeding expectations and significant cost efficiencies, resulting in record-low operating expenses. However, the company faced a GAAP net loss of $276.1 million, primarily due to a non-cash impairment related to declining oil prices. Looking ahead, Matador anticipates generating free cash flow in Q4 2020 and plans continued operational growth alongside enhanced capital efficiency.
Matador Resources Company (NYSE: MTDR) will release its third quarter 2020 operational and financial results after market close on October 27, 2020. A live conference call is scheduled for October 28, 2020, at 9:00 a.m. Central Time to discuss the results and operational highlights. The call can be accessed by domestic participants at (855) 875-8781 and international participants at (720) 634-2925, with conference ID 7364026. The event will also be available on the company's website for replay until November 30, 2020.