Matador Resources

Matador Resources Co. is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring. The Midstream segment conducts natural gas processing, oil transportation services, oil, natural gas and produced water gathering services, and produced water disposal services to third parties. The company was founded by Joseph William Foran and Scott E. King in July 2003 and is headquartered in Dallas, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Matador Resources excels in Q4, eyes strategic growth opportunities

Matador Resources delivered strong Q4 results, focusing on long-term planning, operational efficiency, and shareholder rewards.
The company's strategic investments, successful drilling history, and commitment to technology showcase its resilience and growth potential.
While facing challenges like cost inflation and operational optimization, Matador remains optimistic about future opportunities for expansion.
Management's emphasis on conservative growth, capital efficiency, and strategic planning underlines a prudent approach to value creation.

Matador Resources excels in Q1, eyes growth amidst cautious optimism

Matador Resources showcases strong performance, operational strengths, cautious optimism, and opportunities for growth in its Q1 2023 Earnings Call. The company's strategic decisions, efficient operations, and focus on profitability position it well for future success amidst market challenges and opportunities.

Matador Resources navigates production challenges, eyes growth through efficiency

Matador Resources demonstrates resilience amidst challenges, focusing on operational excellence and financial discipline. The company's strategic initiatives and growth plans reflect a positive outlook for performance and shareholder returns.

Matador Resources excels in Q3, poised for strategic growth

Matador Resources showcased a positive outlook for 2024, emphasizing production growth, debt reduction, and free cash flow utilization. The company's strong operational and financial performance in 2023, along with strategic planning for the future, sets a solid foundation for continued success and growth.

Matador Resources excels in Q4 performance, eyes growth opportunities

Matador Resources demonstrates strong operational performance and strategic growth initiatives in Q4 2023. Despite midstream constraints, the company remains focused on resolving issues and capitalizing on upcoming well performance. With a solid financial outlook, Matador is well-positioned to pursue growth opportunities and enhance operational efficiencies.

Matador Resources excels in Q1 2024, eyes growth opportunities

Matador Resources delivered a strong performance in Q1 2024, showcasing operational excellence and financial resilience. Despite challenges like Waha gas pricing, the company's strategic focus on efficiency and growth opportunities positions it well for the future.

Matador Resources excels in Q2 2024 with teamwork and efficiency

Matador Resources delivered a strong performance in Q2 2024, driven by operational excellence and financial strength.
The company's focus on teamwork, efficiency gains, and strategic acquisitions positions it well for sustainable growth and success.
While facing challenges in market adaptability and post-acquisition integration, Matador has opportunities for expansion and diversification in its operations.

Matador Resources excels in Q3 with Ameredev integration and growth

Matador Resources demonstrated strong operational performance and financial stability in Q3 2024.
Strategic focus on efficiency gains, production growth, and cost savings positions the company for future success.
Challenges in capital allocation and acquisitions require careful planning, while opportunities in gas production and acquisitions offer growth potential.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

DALLAS--(BUSINESS WIRE)--Yesterday, on October 28, 2024, Enterprise Products Partners L.P. (“Enterprise”) announced that it had completed its acquisition of Piñon Midstream, LLC (“Piñon”). Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced it had received its share of the sales proceeds, or approximately $113 million, for Matador's approximate 19% ownership interest in the parent company of Piñon. Joseph Wm. Foran, Matador's Founder, Chairman and CEO, commented,.

Matador Resources Company Receives Approximately $113 Million From Sale of Piñon Midstream, LLC

Matador expects to produce over 200,000 BOEPD in 2025. This is driven by solid operational performance plus its Ameredev acquisition. MTDR is projected to generate over $7 per share in 2025 free cash flow at the current strip.

Matador Resources Expects Over 200,000 BOEPD In 2025 Production

Matador Resources Company (NYSE:MTDR ) Q3 2024 Earnings Conference Call October 23, 2024 11:00 AM ET Company Participants Mac Schmitz - VP, IR Joseph Foran - Chairman, CEO and Secretary Brian Willey - CFO, EVP and President, Midstream Operations Robert Macalik - EVP and CAO Christopher Calvert - COO and EVP Glenn Stetson - EVP, Production Edmund Frost - EVP, Geosciences Van Singleton - President-Land, A&D and Planning Conference Call Participants Neal Dingmann - Truist Scott Hanold - RBC Capital Markets Zach Parham - JPMorgan John Freeman - Raymond James Kevin MacCurdy - Pickering Energy Partners Gabe Daoud - TD Cowen Leo Mariani - ROTH Michael Scialla - Stephens Oliver Huang - Tudor Pickering Holt & Company Operator Good morning, ladies and gentlemen. Welcome to the Third Quarter 2024 Matador Resources Company Earnings Conference Call.

Matador Resources Company (MTDR) Q3 2024 Earnings Call Transcript

High total production volume and decreased operating expenses aid MTDR's earnings in Q3.

Matador Beats on Q3 Earnings, Raises 2024 Output View

Matador Resources (MTDR) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.86 per share a year ago.

Matador Resources (MTDR) Beats Q3 Earnings and Revenue Estimates

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that its Board of Directors revised and amended the Company's dividend policy. Pursuant to the new policy, the Company intends to pay cash dividends on its common stock of $0.25 per share per quarter, or $1.00 per share per year, beginning in the fourth quarter of 2024, which is a 25% increase from its prior policy of $0.20 per share per quarter. The Board also declared a quarterly cash.

Matador Resources Company Increases Quarterly Cash Dividend to $0.25 Per Share

Matador (MTDR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Matador Resources (MTDR) to Report a Decline in Earnings: What to Look Out for

Bear of the Day: Matador Resources (MTDR)

APA Corporation

ConocoPhillips

Chevron

EOG Resources

Diamondback Energy

Halliburton

Marathon Petroleum

Occidental Petroleum

Schlumberger

Valero Energy

Viper Energy Partners LP

Exxon Mobil

Oil stocks are looking to move higher, with Halliburton in the mix.

If Oil Prices Jump Past This Level On Middle East Tensions These Stocks Could Kick Into Overdrive

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release third quarter 2024 operational and financial results after the close of trading on Tuesday, October 22, 2024. Management will also host a live conference call on Wednesday, October 23, 2024, at 10:00 a.m. Central Time to review third quarter 2024 financial results and operational highlights. To access the live conference call by phone, you can use the following link http.

Matador Resources Company Announces Date of Third Quarter 2024 Earnings Release

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced the closing of its previously announced senior notes offering and provided an operational update. Closing of Senior Notes Offering On September 25, 2024, Matador successfully closed its private offering (the “Offering”) of $750 million of 6.250% senior unsecured notes due 2033. Matador is using the net proceeds from the offering to repay borrowings outstanding under Matador's credit faci.

Matador Resources Company Closes Senior Notes Offering and Provides Operational Update

MTDR closes its $1.83 billion acquisition of Ameredev assets, strengthening its Delaware Basin operations with increased production and operational efficiency for long-term growth.

Matador Closes $1.83B Ameredev Deal, Expands Delaware Footprint

Matador Resources' acquisition of Ameredev II for $1.832 billion will significantly boost its enterprise value by nearly $2 billion, enhancing its Delaware Basin portfolio. The deal is strategically advantageous, as MTDR acquired Ameredev II at a bargain price compared to EnCap's 2022 valuation of $4 billion. MTDR's forward P/E ratio of 7.14X indicates the stock is undervalued, presenting a substantial upside potential into 2025.

Matador Resources Company: Acquisition Of Upstream Assets Set To Grow Valuation Into 2025

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) previously announced Friday, September 20 that it priced a private offering of $750 million of 6.250% senior unsecured notes due 2033 (the “Notes”) at a price of 100% of their face value. The offering is expected to close on September 25, 2024, subject to customary closing conditions. Matador intends to use the net proceeds from the offering to repay borrowings outstanding under Matador's credit facilit.

Matador Resources Company Priced Offering of $750 Million of Senior Notes Due 2033

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that it has priced a private offering of $750 million of 6.250% senior unsecured notes due 2033 (the “Notes”) at a price of 100% of their face value. The offering is expected to close on September 25, 2024, subject to customary closing conditions. Matador intends to use the net proceeds from the offering to repay borrowings outstanding under Matador's credit facility, including all of th.

Matador Resources Company Prices Offering of $750 Million of Senior Notes Due 2033

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that, subject to market conditions, it intends to offer $750 million of senior unsecured notes due 2033 (the “Notes”) in a private placement to eligible purchasers. Matador intends to use the net proceeds from the offering to repay borrowings outstanding under Matador's credit facility, including all of the $250 million in outstanding borrowings under Matador's term loan. The Notes and r.

Matador Resources Company Announces Offering of $750 Million of Senior Notes Due 2033

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced the closing of its previously announced strategic bolt-on acquisition of a subsidiary of Ameredev II Parent, LLC (“Ameredev”) from affiliates of EnCap Investments L.P. (“EnCap”) for cash consideration of $1.832 billion, which amount is subject to customary post-closing adjustments (the “Ameredev Acquisition”). The Ameredev Acquisition includes: Approximately 33,500 contiguous net acres (.

Matador Resources Company Closes Ameredev Acquisition

It would be wise to keep an eye on EOG and MTDR stocks as crude prices are favorable, and BKR's weekly rig count report indicates that the tally is increasing.

US Rig Count Rises: Should Investors Watch EOG & MTDR Stocks?

Handsome oil prices aid Matador's (MTDR) upstream operations. However, the company is exposed to volatility in commodity prices.

Here's Why You Should Hold on to Matador Resources Stock Now

It would be wise to focus on FANG & MTDR stocks as the crude price is favorable, despite BKR's weekly rig count report stating that the tally is declining.

US Rig Count Falls: Should Investors Still Watch FANG & MTDR Stocks?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Why Matador Resources (MTDR) is a Top Momentum Stock for the Long-Term

In its weekly release, Baker Hughes Company BKR stated that the U.S. rig count was lower than the prior week's figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.

US Rig Count Declines: Are FANG and MTDR Still Worth Watching?

Baker Hughes Co

In its weekly release, Baker Hughes (BKR) reports that the total count of oil rigs in the United States was higher than the prior week, and the count for natural gas decreased.

Total US Drilling Rig Tally Rises: Here's What it Means

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Matador Resources (MTDR) Right Now?

The mean of analysts' price targets for Matador (MTDR) points to a 30.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

News for Matador Resources Stock (MTDR)