Matador Res Co Stock Price, News & Analysis

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.

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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.

Matador Resources Company (NYSE: MTDR) has declared a quarterly cash dividend of $0.05 per share, payable on March 14, 2022, to shareholders of record as of March 4, 2022. This reflects Matador's continued commitment to returning value to shareholders while engaging in oil and natural gas exploration and production, primarily in the Delaware Basin. The company focuses on oil-rich shale plays and midstream operations, positioning itself for future opportunities in the energy sector.

Matador Resources Company (NYSE: MTDR) reported a significant 20% increase in its total proved oil and natural gas reserves, reaching 323.4 million BOE at year-end 2021. This growth includes a notable 56% rise in proved developed reserves, attributed to enhanced well performance and lower drilling costs, averaging $670 per completed lateral foot, down 21% from the previous year. The Standardized Measure rose to $4.38 billion, and PV-10 increased to $5.35 billion, reflecting improved commodity prices. Matador emphasizes its position for further growth due to consistent well results and favorable market conditions.

Matador Resources Company (NYSE: MTDR) announced upgrades to its credit ratings by S&P Global Ratings on January 27, 2022. S&P upgraded Matador’s issuer credit rating from ‘B’ to ‘B+’ and senior unsecured notes from ‘B+’ to ‘BB-’. This decision reflects expectations of improved credit measures due to debt repayment and strong discretionary cash flow generation. CEO Joseph Wm. Foran emphasized the importance of these upgrades, highlighting the company's commitment to debt repayment, operational excellence, and enhancing shareholder value.