secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001520006-25-000112
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000152000625000112/0001520006-25-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000152000625000112/mtdr-20250423.htm
  HTML page:      https://secwatch.observer/filing/0001520006-25-000112

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