secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001520006-24-000095
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matador Q1 production beat guidance; raises full-year outlook to high end
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- Q1 avg production 149,760 BOE/d (84,777 bbl oil/d), 3% above guidance; net income $193.7M ($1.61 diluted EPS).
- Adjusted EBITDA $505.4M; adjusted net income $206.2M ($1.71 diluted EPS); adjusted free cash flow $28.6M.
- D/C/E capex $350.7M, ~$35M below expectations; trimul-frac test boosted lateral footage 40%, saving $100k/well.
- Full-year 2024 guidance raised to high end: oil 91-95k bbl/d, gas 370-386 MMcf/d, total 153-159k BOE/d.
- Balance sheet strengthened: $900M 6.50% senior notes due 2032 issued; $350M equity offering; credit facility expanded to $3.5B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000152000624000095/0001520006-24-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000152000624000095/mtdr-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001520006-24-000095

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