Matador Resources reports record Q4 and FY2022 results; announces $1.6B Advance acquisition, dividend increase 50%

Matador Resources Co

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

Q4 2022 production 111,700 BOE/d (62,300 bbl/d oil); net income $253.8M ($2.11 diluted EPS).
FY2022 record net income $1.21B ($10.11 diluted EPS); record Adjusted EBITDA $2.13B; production 105,500 BOE/d (+22% YoY).
Announced $1.6B cash acquisition of Advance Energy Partners; expected close Q2 2023; funded by cash, free cash flow, and credit facility.
Quarterly dividend raised 50% to $0.15/share ($0.60 annual); payable March 9, 2023 to holders of record Feb 27, 2023.
2023 guidance (pro forma Advance): total production 121,500-126,700 BOE/d; capex $1.18-1.32B; leverage ratio 0.1x at year-end 2022.

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 0.85

Matador Resources Co reported the fourth quarter and full year 2022 results: net income record net income (GAAP) of $1.21 billion, EPS Matador’s 2022 earnings per share (GAAP) also increased over 100% from $4.91 per diluted share in 2021 to $10.11 per dil. Guidance reaffirmed.

Period: the fourth quarter and full year 2022
Net income: record net income (GAAP) of $1.21 billion
EPS: Matador’s 2022 earnings per share (GAAP) also increased over 100% from $4.91 per diluted share in 2021 to $10.11 per dil
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported financial and operating results for the fourth quarter and full year 2022.

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Source: SEC EDGAR

accession 0001520006-23-000052

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