secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001520006-23-000192
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matador Q3 net income $263.7M, record production, raises dividend, boosts Q4 guidance
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- Record Q3 production 135,096 BOE/d (77,529 bbl oil/d); net income $263.7M ($2.20 diluted EPS).
- Adjusted net income $223.4M ($1.86 adjusted EPS); Adjusted EBITDA $508.3M.
- Quarterly dividend increased 33% to $0.20/share; borrowing base raised $250M to $2.5B.
- Q4 production guidance raised to ~145,000 BOE/d (from 143,000 BOE/d); added 8th drilling rig for Q1 2024.
- Repaid $200M of $700M drawn for Advance acquisition; leverage ratio ~1.0x; full debt repayment expected in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000152000623000192/0001520006-23-000192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000152000623000192/mtdr-20231024.htm
  HTML page:      https://secwatch.observer/filing/0001520006-23-000192

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