Matador Resources reports record Q4 production 154,300 BOE/d; 2024 oil growth guidance +23%

Matador Resources Co

2023-FY EPS reported $7.05 revenue$2,806,785,000

Q4 net income $254.5M ($2.12 diluted EPS); adjusted net income $238.4M ($1.99/sh)
Record avg production 154,300 BOE/d (88,700 bbl oil/d); FY2023 avg 131,800 BOE/d
Record proved reserves 460.1M BOE (+29% YoY); PV-10 $7.7B using SEC pricing
2024 guidance: oil 91-95k bbl/d (+23% YoY); D/C/E capex $1.1-1.3B; midstream capex $200-250M
Q1 temporary midstream constraints ~5,500 BOE/d in Jan; expected resolved by end-Q1 2024

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 fourth quarter and full year 2023 results: net income $254.5 million.

Period: fourth quarter and full year 2023
Net income: $254.5 million
Result: reported results

Exact text from the filing

fourth quarter 2023 net income of $254.5 million

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Source: SEC EDGAR

accession 0001520006-24-000057

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