Matador Q2 adjusted EPS $1.42 beats; record 130,683 BOE/d; raises 2023 production guide, cuts capex

Matador Resources Co

2023-Q2 EPS reported $2.73 revenue$1,198,359,000

Net income $164.7M ($1.37 diluted EPS); adjusted net income $170.1M ($1.42 adj. EPS).
Record avg production 130,683 BOE/d (76,345 bbl oil/d), up 23% QoQ; Q4 2023 exit rate 143,000 BOE/d target.
Raised 2023 total production guidance midpoint to 46.65M BOE (from 45.30M BOE); lowered D/C/E capex midpoint to $1.16B from $1.25B.
Reduced bank debt $140M since Advance acquisition close (April 2023); leverage ratio 1.0x as of June 30.
Adjusted EBITDA $423.3M; adjusted free cash flow $77.7M; San Mateo (51%-owned) EBITDA $42.7M.

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 updated its second quarter of 2023 guidance (raised).

Period: second quarter of 2023
Guidance: raised
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 second quarter of 2023.

View on SEC.gov

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

Matador Resources Co filing history →

Source: SEC EDGAR

accession 0001520006-23-000172

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.