Matador Q1 production beats midpoint, announces $400M buyback, cuts capex by $100M

Matador Resources Co

2025-Q1 EPS reported $1.92 revenue$1,013,958,000

Total production averaged 198,631 BOE/d in Q1, up 33% YoY and 1% above midpoint guidance.
Oil production averaged 115,030 bbl/d, up 36% YoY.
Board authorized $400M share repurchase program; directors/officers bought 31,100 shares for $1.6M in Q1.
Reducing drilling rigs from 9 to 8 in mid-2025; D/C/E capex cut $100M to $1.275B.
Liquidity of $1.8B; repaid $190M credit facility borrowings in Q1.

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