Matador Q1 net income $163.1M ($1.36 EPS); closes $1.6B Advance acquisition

Matador Resources Co

2023-Q1 EPS reported $1.36 revenue$560,276,000

Q1 production 106,654 BOE/day (58,941 bbl oil/day), 6% above expectations.
Net income $163.1M ($1.36 diluted EPS); adjusted net income $180.0M ($1.50 adjusted EPS).
Adjusted EBITDA $365.2M; net cash from ops $339.5M; adjusted free cash flow $57.2M.
Closed Advance acquisition on April 12 for $1.6B; adds 18,500 net acres, 406 gross locations.
Issued $500M senior unsecured notes at 6.875% due 2028; liquidity >$600M.

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 financial results for the first quarter of 2023.

Period: the first quarter of 2023
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 first quarter of 2023.

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

Matador Resources Co filing history →

Source: SEC EDGAR

accession 0001520006-23-000098

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