Matador Resources: Growth In Production While Maintaining A Solid Balance Sheet
MTDRMatador Resources(MTDR) Seeking Alpha·2024-05-02 13:37

zhengzaishuru Matador Resources (NYSE:MTDR) is a mostly Delaware Basin focused company that has been growing production rapidly through a combination of development and acquisitions. It reported strong Q1 2024 results and now expects its full-year production to end up at the high-end of its guidance. Matador's balance sheet remains healthy, as indicated by its ability to issue 2032 notes at a 6.5% interest rate recently. I also project Matador to generate $705 million in 2024 free cash flow at current strip ...