Yesterday, on October 28, 2024, Enterprise Products Partners L.P. ("Enterprise") announced that it had completed its acquisition of Piñon Midstream, LLC ("Piñon"). Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced it had received its share of the sales proceeds, or approximately $113 million, for Matador's approximate 19% ownership interest in the parent company of Piñon. Joseph Wm. Foran, Matador's Founder, Chairman and CEO, commented, "Congratulations to the Enterprise team on a smooth and successful transaction. We were pleased to have acquired an approximate 19% ownership interest in the parent company of Piñon in connection with our recent Ameredev acq

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today reported financial and record operating results for the third quarter of 2024, increased full-year 2024 guidance and expects to produce over 200,000 barrels of oil and natural gas equivalent ("BOE") per day in 2025. A short slide presentation summarizing the highlights of Matador's third quarter 2024 earnings release is also included on the Company's website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. Management Commentary Joseph Wm. Foran, Matador's Founder, Chairman and CEO, commented, "Matador's third quarter of 2024 was one of the best quarters in Matador's h

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced that its Board of Directors revised and amended the Company's dividend policy. Pursuant to the new policy, the Company intends to pay cash dividends on its common stock of $0.25 per share per quarter, or $1.00 per share per year, beginning in the fourth quarter of 2024, which is a 25% increase from its prior policy of $0.20 per share per quarter. The Board also declared a quarterly cash dividend of $0.25 per share of common stock to begin this quarter payable on December 6, 2024, to shareholders of record as of November 15, 2024. Joseph Wm. Foran, Matador's Founder, Chairman and Chief Executive Officer, stat

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced plans to release third quarter 2024 operational and financial results after the close of trading on Tuesday, October 22, 2024. Management will also host a live conference call on Wednesday, October 23, 2024, at 10:00 a.m. Central Time to review third quarter 2024 financial results and operational highlights. To access the live conference call by phone, you can use the following link https://register.vevent.com/register/BI7913e6f5b9e94b8b9b83dc122a0d4273 and you will be provided with dial in details. To avoid delays, it is recommended that participants dial into the conference call 15 minutes ahead of the sch

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced the closing of its previously announced senior notes offering and provided an operational update. Closing of Senior Notes Offering On September 25, 2024, Matador successfully closed its private offering (the "Offering") of $750 million of 6.250% senior unsecured notes due 2033. Matador is using the net proceeds from the offering to repay borrowings outstanding under Matador's credit facility, including all of the $250 million in outstanding borrowings under Matador's term loan, making the Offering debt neutral. Brian J. Willey, Matador's Executive Vice President and Chief Financial Officer, commented, "Las

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") previously announced Friday, September 20 that it priced a private offering of $750 million of 6.250% senior unsecured notes due 2033 (the "Notes") at a price of 100% of their face value. The offering is expected to close on September 25, 2024, subject to customary closing conditions. Matador intends to use the net proceeds from the offering to repay borrowings outstanding under Matador's credit facility, including all of the $250 million in outstanding borrowings under Matador's term loan, making the offering debt neutral. The Notes and related guarantees have not been registered under the Securities Act of 1933, as amend

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced that it has priced a private offering of $750 million of 6.250% senior unsecured notes due 2033 (the "Notes") at a price of 100% of their face value. The offering is expected to close on September 25, 2024, subject to customary closing conditions. Matador intends to use the net proceeds from the offering to repay borrowings outstanding under Matador's credit facility, including all of the $250 million in outstanding borrowings under Matador's term loan. The Notes and related guarantees have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or the applicable securities

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced that, subject to market conditions, it intends to offer $750 million of senior unsecured notes due 2033 (the "Notes") in a private placement to eligible purchasers. Matador intends to use the net proceeds from the offering to repay borrowings outstanding under Matador's credit facility, including all of the $250 million in outstanding borrowings under Matador's term loan. The Notes and related guarantees have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or the applicable securities laws of any state or other jurisdiction and may not be offered, transferred or sold

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced the closing of its previously announced strategic bolt-on acquisition of a subsidiary of Ameredev II Parent, LLC ("Ameredev") from affiliates of EnCap Investments L.P. ("EnCap") for cash consideration of $1.832 billion, which amount is subject to customary post-closing adjustments (the "Ameredev Acquisition"). The Ameredev Acquisition includes: Approximately 33,500 contiguous net acres (82% held by production; over 99% operated) in the core of the Delaware Basin; Production that is expected to average between 25,500 and 26,500 barrels of oil and natural gas equivalent ("BOE") per day during the remainder

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today reported record financial and operating results for the second quarter of 2024. A short slide presentation summarizing the highlights of Matador's second quarter 2024 earnings release is also included on the Company's website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. Full-Year 2024 Guidance Update Effective July 23, 2024, Matador increased its full-year 2024 guidance range for total oil and natural gas equivalent production, oil production and natural gas production as set forth in the table below. This increased production guidance does not yet include any e

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Yesterday, on October 28, 2024, Enterprise Products Partners L.P. ("Enterprise") announced that it had completed its acquisition of Piñon Midstream, LLC ("Piñon"). Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced it had received its share of the sales proceeds, or approximately $113 million, for Matador's approximate 19% ownership interest in the parent company of Piñon. Joseph Wm. Foran, Matador's Founder, Chairman and CEO, commented, "Congratulations to the Enterprise team on a smooth and successful transaction. We were pleased to have acquired an approximate 19% ownership interest in the parent company of Piñon in connection with our recent Ameredev acq

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today reported financial and record operating results for the third quarter of 2024, increased full-year 2024 guidance and expects to produce over 200,000 barrels of oil and natural gas equivalent ("BOE") per day in 2025. A short slide presentation summarizing the highlights of Matador's third quarter 2024 earnings release is also included on the Company's website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. Management Commentary Joseph Wm. Foran, Matador's Founder, Chairman and CEO, commented, "Matador's third quarter of 2024 was one of the best quarters in Matador's h

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced that its Board of Directors revised and amended the Company's dividend policy. Pursuant to the new policy, the Company intends to pay cash dividends on its common stock of $0.25 per share per quarter, or $1.00 per share per year, beginning in the fourth quarter of 2024, which is a 25% increase from its prior policy of $0.20 per share per quarter. The Board also declared a quarterly cash dividend of $0.25 per share of common stock to begin this quarter payable on December 6, 2024, to shareholders of record as of November 15, 2024. Joseph Wm. Foran, Matador's Founder, Chairman and Chief Executive Officer, stat

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced plans to release third quarter 2024 operational and financial results after the close of trading on Tuesday, October 22, 2024. Management will also host a live conference call on Wednesday, October 23, 2024, at 10:00 a.m. Central Time to review third quarter 2024 financial results and operational highlights. To access the live conference call by phone, you can use the following link https://register.vevent.com/register/BI7913e6f5b9e94b8b9b83dc122a0d4273 and you will be provided with dial in details. To avoid delays, it is recommended that participants dial into the conference call 15 minutes ahead of the sch

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced the closing of its previously announced senior notes offering and provided an operational update. Closing of Senior Notes Offering On September 25, 2024, Matador successfully closed its private offering (the "Offering") of $750 million of 6.250% senior unsecured notes due 2033. Matador is using the net proceeds from the offering to repay borrowings outstanding under Matador's credit facility, including all of the $250 million in outstanding borrowings under Matador's term loan, making the Offering debt neutral. Brian J. Willey, Matador's Executive Vice President and Chief Financial Officer, commented, "Las

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") previously announced Friday, September 20 that it priced a private offering of $750 million of 6.250% senior unsecured notes due 2033 (the "Notes") at a price of 100% of their face value. The offering is expected to close on September 25, 2024, subject to customary closing conditions. Matador intends to use the net proceeds from the offering to repay borrowings outstanding under Matador's credit facility, including all of the $250 million in outstanding borrowings under Matador's term loan, making the offering debt neutral. The Notes and related guarantees have not been registered under the Securities Act of 1933, as amend

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced that it has priced a private offering of $750 million of 6.250% senior unsecured notes due 2033 (the "Notes") at a price of 100% of their face value. The offering is expected to close on September 25, 2024, subject to customary closing conditions. Matador intends to use the net proceeds from the offering to repay borrowings outstanding under Matador's credit facility, including all of the $250 million in outstanding borrowings under Matador's term loan. The Notes and related guarantees have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or the applicable securities

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced that, subject to market conditions, it intends to offer $750 million of senior unsecured notes due 2033 (the "Notes") in a private placement to eligible purchasers. Matador intends to use the net proceeds from the offering to repay borrowings outstanding under Matador's credit facility, including all of the $250 million in outstanding borrowings under Matador's term loan. The Notes and related guarantees have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or the applicable securities laws of any state or other jurisdiction and may not be offered, transferred or sold

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced the closing of its previously announced strategic bolt-on acquisition of a subsidiary of Ameredev II Parent, LLC ("Ameredev") from affiliates of EnCap Investments L.P. ("EnCap") for cash consideration of $1.832 billion, which amount is subject to customary post-closing adjustments (the "Ameredev Acquisition"). The Ameredev Acquisition includes: Approximately 33,500 contiguous net acres (82% held by production; over 99% operated) in the core of the Delaware Basin; Production that is expected to average between 25,500 and 26,500 barrels of oil and natural gas equivalent ("BOE") per day during the remainder

Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today reported record financial and operating results for the second quarter of 2024. A short slide presentation summarizing the highlights of Matador's second quarter 2024 earnings release is also included on the Company's website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. Full-Year 2024 Guidance Update Effective July 23, 2024, Matador increased its full-year 2024 guidance range for total oil and natural gas equivalent production, oil production and natural gas production as set forth in the table below. This increased production guidance does not yet include any e

Stephens & Co. analyst Mike Scialla maintains Matador Resources (NYSE:MTDR) with a Overweight and lowers the price target from $83 to $81.

Benchmark analyst Subash Chandra reiterates Matador Resources (NYSE:MTDR) with a Buy and maintains $62 price target.

TD Cowen analyst Gabe Daoud maintains Matador Resources (NYSE:MTDR) with a Buy and raises the price target from $85 to $87.

Full-Year 2024 Guidance UpdateEffective July 23, 2024, Matador increased its full-year 2024 guidance range for total oil and natural gas equivalent production, oil production and natural gas production as set forth in the table below. This increased production guidance does not yet include any expected production from Matador's anticipated acquisition of a subsidiary of Ameredev II Parent, LLC ("Ameredev"). The Ameredev acquisition is expected to close late in the third quarter of 2024, subject to customary closing conditions, including regulatory approval.ProductionPrior Full-Year 2024Guidance RangeNew Full-Year 2024Guidance Range(1)Difference(2)Total, BOE per day153,000 to 159,000158,500 t

Matador Resources (NYSE:MTDR) reported quarterly earnings of $2.05 per share which beat the analyst consensus estimate of $1.76 by 16.48 percent. This is a 44.37 percent increase over earnings of $1.42 per share from the same period last year. The company reported quarterly sales of $847.14 million which beat the analyst consensus estimate of $826.41 million by 2.51 percent. This is a 32.76 percent increase over sales of $638.08 million the same period last year.

Truist Securities analyst Neal Dingmann maintains Matador Resources (NYSE:MTDR) with a Buy and lowers the price target from $91 to $86.

Matador Resources (NYSE:MTDR) has outperformed the market over the past 5 years by 16.27% on an annualized basis producing an average annual return of 29.26%. Currently, Matador Resources has a market capitalization of $8.11 billion. Buying $1000 In MTDR: If an investor had bought $1000 of MTDR stock 5 years ago, it would be worth $3,709.64 today based on a price of $65.03 for MTDR at the time of writing. Matador Resources's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automat

Wolfe Research analyst Doug Leggate reinstates Matador Resources (NYSE:MTDR) with a Peer Perform.

Matador Resources (NYSE:MTDR) underwent analysis by 9 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 2 0 0 0 0 3M Ago 4 1 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Matador Resources, presenting an average target of $81.44, a high estimate of $91.00

Wells Fargo analyst Hanwen Chang maintains Matador Resources (NYSE:MTDR) with a Overweight and raises the price target from $85 to $88.