secwatch.observer — SEC 8-K summary
======================================

Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001520006-23-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000152000623000052/0001520006-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000152000623000052/mtdr-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001520006-23-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer