Articles from Matador Resources Company

Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that it has executed a definitive agreement whereby Matador would contribute Pronto Midstream, LLC (“Pronto”), Matador’s wholly-owned midstream subsidiary, to San Mateo Midstream, LLC, Matador’s midstream joint venture (“San Mateo”), for a total implied valuation of Pronto of approximately $600 million. At the closing of the transaction, Matador will receive an up-front cash payment of approximately $220 million for the contribution of Pronto to San Mateo. In addition, Matador may earn up to $75 million in incentive payments from Five Point Energy LLC (“Five Point”) as Matador executes its operational plans in northern Lea County, New Mexico over the next five years. San Mateo will continue to be owned 51% by Matador and 49% by an affiliate of Five Point.

Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that its lenders increased the borrowing base under the Company’s credit agreement by 30% from $2.50 billion to $3.25 billion. This increase of the borrowing base resulted from the regularly scheduled semi-annual borrowing base redetermination, although Matador elected to keep the borrowing commitments at $2.25 billion at present but appreciates the potential to increase its borrowings to $3.25 billion at a later date. The borrowing base increase was supported and approved by each of the 19 lenders under Matador’s credit facility.

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.

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.

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.

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.

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.

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 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 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.

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:

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.

Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock payable on September 5, 2024 to shareholders of record as of August 15, 2024.

Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release second quarter 2024 operational and financial results after the close of trading on Tuesday, July 23, 2024. Management will also host a live conference call on Wednesday, July 24, 2024 at 10:00 a.m. Central Time to review second quarter 2024 financial results and operational highlights.

Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC (“Ameredev”), including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas (the “Ameredev Acquisition”). The Ameredev Acquisition also includes an approximate 19% stake in Piñon Midstream, LLC (“Piñon”), which has midstream assets in southern Lea County, New Mexico. The consideration for the Ameredev Acquisition will consist of a cash payment of $1.905 billion, subject to customary closing adjustments. Ameredev is a portfolio company of EnCap Investments L.P. (“EnCap”).

Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) will hold its 2024 Annual Meeting of Shareholders on Thursday, June 13, 2024 at 9:30 a.m. Central Time.

Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported financial and operating results for the first quarter of 2024. A short slide presentation summarizing the highlights of Matador’s first 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.

Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock payable on June 7, 2024 to shareholders of record as of May 17, 2024.

Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release first quarter 2024 operational and financial results after the close of trading on Tuesday, April 23, 2024. Management will also host a live conference call on Wednesday, April 24, 2024 at 10:00 a.m. Central Time to review first quarter 2024 financial results and operational highlights.

Matador Resources Company (NYSE: MTDR) (“Matador”) today announced the expiration and results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% Senior Notes due 2026 (the “Notes”).

Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that it has priced a private offering of $900 million of 6.500% senior unsecured notes due 2032 (the “New Notes”) at a price of 100% of their face value. Matador increased the size of the offering to $900 million from the previously announced $800 million. The offering is expected to close on April 2, 2024, subject to customary closing conditions.

Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% senior notes due 2026 (the “2026 Notes”) with a portion of the net proceeds from Matador’s concurrent private placement of $800 million in aggregate principal amount of senior unsecured notes due 2032 (the “New Notes”), which was also announced today by Matador. The Tender Offer is being made pursuant to an offer to purchase and related notice of guaranteed delivery, each dated as of March 26, 2024. The Tender Offer will expire at 5:00 p.m., New York City time, on April 1, 2024 (as such time and date may be extended, the “expiration time”). Tendered 2026 Notes may be withdrawn at any time before the expiration time.

Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that, subject to market conditions, it intends to offer $800 million of senior unsecured notes due 2032 (the “New Notes”) in a private placement to eligible purchasers. Matador intends to use the net proceeds from the offering (i) to repurchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% senior notes due 2026 (the “2026 Notes”) through a cash tender offer (the “Tender Offer”), and to pay related premiums, fees and expenses in connection with the Tender Offer, and (ii) for general corporate purposes, which may include the funding of acquisitions and the repayment of borrowings outstanding under Matador’s revolving credit facility. To the extent any 2026 Notes remain outstanding after the consummation of the Tender Offer, Matador intends to satisfy and discharge any remaining 2026 Notes in accordance with the terms of the indenture governing the 2026 Notes. The Tender Offer is being made solely pursuant to the terms of an offer to purchase and related notice of guaranteed delivery, each dated as of March 26, 2024.

Matador Resources Company (NYSE: MTDR) (“Matador”) announced today that it has priced an underwritten public offering of 5,250,000 shares of its common stock. The total estimated gross proceeds of the offering, before estimated offering fees and expenses, are approximately $347.3 million. The offering is expected to close on or about March 27, 2024, subject to customary closing conditions.

Matador Resources Company (NYSE: MTDR) (“Matador”) announced today that it has commenced an underwritten public offering of 5,250,000 shares of its common stock.