Matador reports record Q4 production 111,700 BOE/d, $1.21B net income for 2022, $1.6B Advance acquisition

Matador Resources Co

2022-FY EPS reported $10.11 revenue$3,058,025,000

Record Q4 production 111,700 BOE/d (62,300 bbl oil/d); full-year production 105,500 BOE/d (+22% YoY).
Full-year net income $1.21B ($10.11/diluted EPS), Adjusted EBITDA $2.13B, adjusted free cash flow $1.22B.
Leverage ratio 0.1x at year-end; quarterly dividend raised 50% to $0.15/share.
Announced $1.6B cash acquisition of Advance Energy Partners, expected close Q2 2023.
2023 guidance: total production 44.35-46.25 MMBOE (121.5-126.7 MBOE/d), drilling capex $1.18-1.32B.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Matador Resources Co reported the fourth quarter and full year 2022 results: net income record net income (GAAP) of $1.21 billion, EPS $10.11 per diluted share in 2022.

Period: the fourth quarter and full year 2022
Net income: record net income (GAAP) of $1.21 billion
EPS: $10.11 per diluted share in 2022
Result: reported results

Exact text from the filing

record net income (GAAP) of $1.21 billion and record Adjusted EBITDA (non-GAAP) of $2.13 billion, both of which were increases of over 100% as compared to 2021. Matador’s 2022 earnings per share (GAAP) also increased over 100% from $4.91 per diluted share in 2021 to $10.11 per diluted share in 2022.

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Source: SEC EDGAR

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