secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001520006-23-000172
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000152000623000172/0001520006-23-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000152000623000172/mtdr-20230725.htm
  HTML page:      https://secwatch.observer/filing/0001520006-23-000172

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