earnings
confidence high
sentiment positive
materiality 0.80
Matador Resources Q4 record production 201,116 BOE/d; raises dividend 25% to $0.3125/qtr
Matador Resources Co
2024-FY EPS reported
$7.14
revenue$3,504,981,000
- Record Q4 avg production 201,116 BOE/d (118,440 bbl oil/d); FY avg 170,751 BOE/d (+30% YoY).
- Q4 net income $214.5M ($1.71 diluted EPS); adjusted net income $229.9M ($1.83 EPS). FY net income $885.3M.
- Dividend increased 25% to $0.3125/quarter ($1.25 annual); payable Mar 14, 2025 to holders of record Feb 28, 2025.
- FY 2025 guidance: total prod 202-208k BOE/d, oil prod 120-124k bbl/d; D&C capex $1.28-1.47B.
- Adjusted EBITDA Q4 $640.9M; FY $2.30B (up 24%); adjusted free cash flow FY $807.3M (up 75%).