other material
confidence high
sentiment neutral
materiality 0.80
Matador sells Eagle Ford for $30M, repays $180M debt, adds oil hedges
Matador Resources Co
- Sold remaining Eagle Ford positions in La Salle, Karnes, Atascosa Cos.; proceeds over $30M in last two quarters.
- Repaid $180M of credit facility in Q1 2025; ended quarter with $405M outstanding and $1.8B liquidity.
- Added oil costless collars: H1 2025 45k bbl/day at floor $60/ceiling $86; H2 70k bbl/day at $52/$77.
- Secured inventory for most of 2025 drilling program to mitigate tariff impact; no well cost impact until H2 2025.
- Board may consider stock repurchase program later in April; maintains $0.3125/sh quarterly dividend.