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

Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001520006-23-000098
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000152000623000098/0001520006-23-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000152000623000098/mtdr-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001520006-23-000098

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