secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001520006-24-000160
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matador Q2 record production 160,305 BOE/day; raises FY2024 guidance; $1.905B Ameredev deal pending
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- Record avg Q2 production 160,305 BOE/day (95,488 bbl oil/day), 2% above expectations; net income $228.8M ($1.83 diluted EPS).
- Raised FY2024 production guidance: total to 158,500-163,500 BOE/day (+3.2% midpoint); oil raised to 93,500-96,500 Bbl/day.
- Pending $1.905B Ameredev acquisition (33,500 net acres) expected close late Q3 2024, not yet reflected in guidance.
- D/C/E capex $314.5M ($25.5M below expectation); full-year D/C/E costs expected $1.10-$1.30B; cost per lateral foot down 11% YoY to $960.
- Adjusted EBITDA $578.1M; adjusted free cash flow $167.0M; net cash from operations $592.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000152000624000160/0001520006-24-000160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000152000624000160/mtdr-20240723.htm
  HTML page:      https://secwatch.observer/filing/0001520006-24-000160

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