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Matador Resources Co (MTDR.N)

MTDR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Matador Resources reports Q4 GAAP earnings per share $1.09
Wednesday, 22 Feb 2017 05:15pm EST 

Matador Resources Co : Matador Resources Company reports fourth quarter and full year 2016 results and provides operational update and 2017 guidance . Q4 adjusted non-GAAP earnings per share $0.08 . Q4 earnings per share view $0.08 -- Thomson Reuters I/B/E/S . Q4 GAAP earnings per share $1.09 . Matador Resources Co sees 2017 oil production of 6.7 to 7.0 million barrels . Matador Resources Co sees 2017 natural gas production of 33.0 to 35.0 billion cubic feet . Matador Resources Co sees 2017 total oil equivalent production of 12.2 to 12.8 million boe . Matador Resources - Q4 average daily total production of approximately 30,000 boe per day, an increase of 2pct sequentially . Sees FY17 midstream capital expenditures of $56 to $64 million . Matador Resources Co sees 2017 adjusted ebitda of $245 to $265 million . Matador Resources Co - from January 1 through mid-february 2017, matador has averaged oil production of approximately 17,500 barrels per day . Matador Resources Co - at February 22, 2017, matador estimates that its Q1 2017 average oil equivalent production will be about 32,000 boe per day . Matador Resources Co - expects to operate four drilling rigs in delaware basin in Q1 2017, adding a fifth drilling rig in Delaware basin in Q2 of 2017.  Full Article

Matador Resources announces formation of JV for Delaware basin midstream assets
Friday, 17 Feb 2017 09:02am EST 

Matador Resources Co : Matador Resources company announces formation of joint venture for Delaware basin midstream assets . Matador Resources Co - Matador received $171.5 million in connection with formation of joint venture . Matador Resources Co - Matador will continue to operate midstream assets and control joint venture . Matador Resources Co - matador and five point owned 51% and 49% of joint venture, respectively . Matador Resources Co - five point provided initial cash consideration of $176.4 million to joint venture in exchange for its 49% interest . Matador Resources - implied value of midstream assets and associated gathering, processing and disposal agreements was approximately $500 million at closing .Matador Resources Co - Matador also announced its plans to add a fifth operated drilling rig in delaware basin beginning early in q2 of 2017.  Full Article

Matador Resources announces pricing of upsized public offering of common stock
Tuesday, 6 Dec 2016 06:30am EST 

Matador Resources Co : Matador Resources Co - total gross proceeds of offering, before estimated offering fees and expenses, are approximately $147.9 million . Matador Resources Co - priced an upsized underwritten public offering of 6 million shares of its common stock .Matador Resources Company announces pricing of upsized public offering of common stock.  Full Article

Matador Resources offers $150 mln of additional senior notes due 2023
Monday, 5 Dec 2016 04:11pm EST 

Matador Resources Co : Matador Resources Company announces offering of $150 million of additional senior notes due 2023 . Matador Resources Co - Offering of $150 million of additional senior notes due 2023 . Says additional notes are being offered as notes to Matador's principal amount of 6.875% senior notes due 2023 .Matador Resources Co - Additional notes being offered as additional notes to co's existing $400 million principal amount of 6.875% senior notes due 2023.  Full Article

Matador Resources Q2 adjusted non-gaap loss per share $0.01 excluding items
Wednesday, 3 Aug 2016 04:15pm EDT 

Matador Resources Co : Q2 gaap loss per share $1.15 . Q2 earnings per share view $-0.10 -- Thomson Reuters I/B/E/S . Matador resources company reports second quarter 2016 results . Q2 adjusted non-gaap loss per share $0.01 excluding items . Oil production is expected to increase by 6 to 7% in q3 and by approximately same amount again in q4 of 2016 . Natural gas production is expected to decline by about 8 to 9% in q3 and then by another 4 to 5% in q4 of 2016 . Qtrly average daily production of approximately 28,000 barrels of oil equivalent ("boe") per day, an increase of 18% sequentially . Has ample liquidity to continue its three-rig drilling program in delaware basin for remainder of 2016 and 2017 .Total oil equivalent production expected to remain relatively flat to q2 2016 production volumes during remaining two qtrs of 2016.  Full Article

Matador Resources Co gives FY 2016 production and EBITDA guidance
Wednesday, 3 Feb 2016 06:00am EST 

Matador Resources Co:Expects FY 2016 oil production guidance of 4.9 to 5.1 million barrels.Expect FY 2016 adjusted EBITDA guidance of $120 to $130 million.  Full Article

Matador Resources Company announces closing of sale of Loving County Gas Gathering and Processing Assets
Thursday, 1 Oct 2015 11:09am EDT 

Matador Resources Company:Previously announced sale of its wholly-owned subsidiary that owns certain natural gas gathering and processing assets in the Delaware Basin in Loving County, Texas, to a subsidiary of EnLink Midstream Partners, LP.Pursuant to the terms of the transaction, a subsidiary of EnLink paid Matador consideration of approximately $143 million excluding customary purchase price adjustments.In conjunction with the sale of the Loving County System, Matador is dedicating its current leasehold interests in Loving County pursuant to a 15-year, fixed-fee gathering and processing agreement and providing a volume commitment in exchange for priority one service.  Full Article

Matador Resources Co announces agreement for sale of loving county gas gathering and processing assets
Tuesday, 15 Sep 2015 04:01pm EDT 

Matador Resources Co:Matador Resources Company announces agreement for sale of loving county gas gathering and processing assets for $143 million.In conjunction with sale of loving county system, Matador will dedicate leasehold interests in loving county pursuant to 15-year, fixed-fee.Upon closing, Matador expects to have over $500 million in liquidity including nothing drawn against its revolving credit facility.Says sale of loving county gas gathering and processing assets to a subsidiary of EnLink Midstream Partners.  Full Article

Matador Resources Co raises FY 2015 production guidance
Tuesday, 4 Aug 2015 04:01pm EDT 

Matador Resources Co:Increases FY 2015 estimated oil production from 4.1 to 4.3 million barrels to 4.4 to 4.5 million barrels.Increases FY 2015 estimated natural gas production from 24.0 to 26.0 billion cubic feet to 26.0 to 27.0 billion cubic feet.Increased FY 2015 estimated oil and natural gas revenues from $270 to $290 million to $290 to $300 million.Increased FY 2015 estimated Adjusted EBITDA from $200 to $220 million to $220 to $230 million.  Full Article

Matador Resources Co raises FY 2015 production guidance - Conference call
Thursday, 7 May 2015 10:00am EDT 

Matador Resources Co:Increases FY 2015 oil production guidance from 4.0 million to 4.2 million to 4.1 million to 4.3 million barrels.  Full Article

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BRIEF-Matador Resources reports Q4 GAAP earnings per share $1.09

* Matador Resources Company reports fourth quarter and full year 2016 results and provides operational update and 2017 guidance