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 an independent energy company focused on the exploration, development, production and acquisition of oil and natural gas resources in U.S. shale and other unconventional plays. Its news flow reflects both its upstream activity and the growth of its midstream platform.
Company press releases frequently highlight operational updates in the Delaware Basin, where Matador concentrates on the oil and liquids-rich portions of the Wolfcamp and Bone Spring plays in Southeast New Mexico and West Texas. News items also cover activity in the Haynesville shale and Cotton Valley plays in Northwest Louisiana, along with developments in the company’s “brick-by-brick” land acquisition strategy and inventory of engineered drilling locations.
Investors following MTDR news can expect regular coverage of quarterly financial and operating results, production trends, capital expenditure plans and guidance revisions. Matador often issues announcements around its earnings releases, including details on Adjusted EBITDA, adjusted net income and adjusted free cash flow, as well as the timing of conference calls and accompanying presentations.
Another key theme in Matador’s news is the performance and expansion of its midstream joint venture, San Mateo Midstream, LLC. Releases describe increases in natural gas processing capacity at the Black River and Marlan complexes, record processing volumes, and new infrastructure such as compressor stations and gathering systems. Updates also address San Mateo’s revolving credit facility and its role in providing flow assurance for Matador and third-party producers.
Additional MTDR news items focus on natural gas marketing and transportation agreements, including firm transportation on the Hugh Brinson Pipeline and extended transportation to the Southern California market, as well as Board decisions on dividends, share repurchases and senior leadership changes. Readers who monitor this page can review these announcements in one place to understand how Matador’s operational, financial and midstream developments evolve over time.
Matador Resources Company (NYSE: MTDR) reported strong first-quarter 2023 results, achieving an average production of 106,654 BOE per day, exceeding expectations by 6%. This performance was driven by better production from the Stateline area and quicker well completions. The company closed the $1.6 billion acquisition of Advance Energy Partners, adding over 100 million barrels to its existing 357 million barrels of reserves. Financial highlights include a net income of $163.1 million and adjusted earnings of $1.50 per diluted share. Lower-than-expected capital expenditures and a strong cash flow position, with over $600 million in liquidity, support future growth. Matador anticipates a production increase to approximately 126,500 BOE per day in Q2 2023, bolstered by the Advance acquisition.
Matador Resources Company (NYSE: MTDR) has declared a quarterly cash dividend of $0.15 per share of common stock. This dividend will be payable on June 1, 2023, to shareholders of record as of May 11, 2023. Matador is focused on the exploration and production of oil and natural gas, emphasizing shale plays in the Delaware Basin of Southeast New Mexico and West Texas. The company is also involved in midstream operations, providing services such as gas processing and oil transportation. The announcement reflects Matador's ongoing commitment to returning value to its shareholders.
FAQ
What is the current stock price of Matador Res Co (MTDR)?
What is the market cap of Matador Res Co (MTDR)?
