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) has announced the promotion of Brian J. Willey to Chief Financial Officer, effective February 16, 2023. Willey, who joined Matador in 2014, previously served as President of Midstream Operations and General Counsel. His extensive background includes corporate law and governance, focusing on mergers and acquisitions. Matador's founder, Joseph Wm. Foran, expressed confidence in Willey's ability to strengthen relationships with stakeholders and enhance strategic planning. Matador operates primarily in the Delaware Basin and conducts midstream operations, providing various services to the oil and gas industry.
Matador Resources Company (NYSE: MTDR) has declared a quarterly cash dividend of $0.15 per share, a 50% increase from the previous $0.10, payable on March 9, 2023, to shareholders on record as of February 27, 2023. This announcement reflects the company’s commitment to returning value to shareholders and aligns with its amended dividend policy disclosed on December 6, 2022. Matador operates primarily in the oil-rich regions of the Delaware Basin and is engaged in various aspects of oil and gas exploration and production.
Matador Resources Company (NYSE: MTDR) will announce its fourth quarter and full year 2022 operational and financial results on February 21, 2023, after trading closes. A conference call is scheduled for February 22, 2023, at 10:00 a.m. Central Time to discuss these results, including a significant $1.6 billion acquisition of Advance Energy Partners Holdings, expected to close in early Q2 2023. Alongside earnings, Matador will also release its full year 2023 operational and financial guidance. Investors can access the call via the company's website or by phone.
Matador Resources Company (NYSE: MTDR) announced its acquisition of Advance Energy Partners Holdings, LLC for $1.6 billion, expected to close in Q2 2023. This deal includes oil and gas properties in Lea County, NM, and Ward County, TX. The total consideration could reach $1.8 billion depending on future oil prices. The transaction is anticipated to generate an annual Adjusted EBITDA of $475-$525 million and is considered accretive to key financial metrics. Matador's leverage ratio is expected to remain below 1.0x post-acquisition. This strategic move is set to enhance Matador's position in the Delaware Basin while maintaining a strong balance sheet.
Matador Resources Company (NYSE: MTDR) has announced a revised dividend policy, increasing its quarterly cash dividend from $0.10 to $0.15 per share, marking a 50% rise. The new dividend is expected to be declared in the first quarter of 2023 for payment in early March 2023. This increase reflects the company’s commitment to providing shareholder value, supported by a substantial reduction in outstanding debt of $775 million, leading to a low leverage ratio of 0.2x as of Q3 2022.
Matador Resources Company (NYSE: MTDR) reported strong Q3 2022 results, exceeding production expectations with over 105,000 BOE per day, a 50% increase from Q3 2020. The company has halved its debt to $750 million, resulting in upgraded credit ratings across agencies. The quarterly dividend has doubled to $0.40 per share for shareholders of record by November 10, 2022. However, net income fell 19% sequentially to $337.6 million due to lower commodity prices, despite a significant year-over-year increase of 66%. The Q3 adjusted EBITDA also saw a 19% decrease sequentially.
Matador Resources Company (NYSE: MTDR) has declared a quarterly cash dividend of $0.10 per share, payable on December 1, 2022, to shareholders of record as of November 10, 2022. This dividend reflects the company's ongoing commitment to returning value to shareholders. Matador operates primarily in the oil-rich Delaware Basin, focusing on the Wolfcamp and Bone Spring plays, while also engaging in midstream operations including oil transportation and natural gas processing.
Matador Resources Company (NYSE: MTDR) will announce its third quarter 2022 operational and financial results on October 25, 2022, after market close. A live conference call is scheduled for October 26, 2022, at 9:00 a.m. Central Time for a review of these results. Participants can access the call via a link provided in the release or through the company's website. A replay will be available for one year. Matador specializes in the exploration and production of oil and natural gas in the United States, focusing on regions such as the Delaware Basin and Eagle Ford shale.
Matador Resources Company (NYSE: MTDR) has announced its Long-Term Issuer Default Rating (IDR) upgrade from 'B+' to 'BB-' by Fitch Ratings, reflecting improved production growth and significant debt reduction. Additionally, the company repurchased $105 million of its senior notes, reducing total outstanding debt from $862 million to $757 million. These actions underscore Matador's commitment to enhancing shareholder value and maintaining a strong financial position as it prepares to share Q3 results later this month.
Matador Resources Company (NYSE: MTDR) announced an upgrade in its corporate credit rating by S&P Global Ratings on September 19, 2022, from 'B+' to 'BB-'. This upgrade signifies Matador's strong credit measures, bolstered by its commitment to debt repayment and conservative financial policies. The company's outstanding debt has decreased by $663 million, or about 44%, since Q3 2020, with production rising over 50% to nearly 111,000 barrels of oil and gas equivalent per day. CEO Joseph Wm. Foran highlighted that these improvements reflect Matador's operational strength and financial resilience.