Matador Resources ( (MTDR) ) has released its Q4 earnings. Here is a breakdown of the information Matador Resources presented to its investors.
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Matador Resources, an independent energy company, primarily focuses on the exploration and production of oil and natural gas within the Delaware Basin, while also engaging in midstream operations.
In its latest earnings report, Matador Resources announced a 25% increase in its dividend alongside record financial results for 2024. The company highlighted its growing production capabilities and strategic acquisitions, positioning itself for continued growth in 2025.
Matador reported record average daily production of 201,116 BOE in Q4 2024, marking a 30% year-over-year increase. The company’s net income rose to $885.3 million for the full year, and adjusted EBITDA reached $2.30 billion. Key achievements include successful integration of acquisitions and operational efficiencies that resulted in reduced costs.
In addition to operational successes, Matador expanded its acreage and proved reserves, achieving record levels in both categories. The company remains optimistic about its 2025 prospects, projecting significant increases in production and cash flow.
Looking forward, Matador Resources anticipates continued growth and efficiency improvements in 2025, with plans to increase average daily production and further develop its midstream infrastructure. The company’s management remains confident in its strategic direction, supported by its strong financial position.
