secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001520006-24-000206
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matador posts record Q3 production 171,480 BOE/d, raises dividend 25%, ups 2024 guidance
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- Record Q3 net income $248.3M ($1.99 diluted EPS); adjusted EPS $1.89, adjusted EBITDA $574.5M.
- Record average production 171,480 BOE/d (100,315 bbl oil/d); adjusted free cash flow $196.1M.
- Ameredev acquisition closed Sept 18; contributed 31,500 BOE/d; expects $160M synergies over 5 years.
- Dividend increased 25% to $0.25/quarter ($1.00 annual); fifth increase in 4 years.
- Issued $750M of 6.25% senior notes; leverage 1.3x; expects <1.0x by mid-2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000152000624000206/0001520006-24-000206-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000152000624000206/mtdr-20241022.htm
  HTML page:      https://secwatch.observer/filing/0001520006-24-000206

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer