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Dec 31, 2024
Matador Q4 2024 Earnings Report
Matador reported strong fourth-quarter earnings, achieving record production and financial performance.
Key Takeaways
Matador Resources achieved record quarterly production and revenue in Q4 2024. The company reported a 30% year-over-year increase in total oil-equivalent production and a 34% increase in oil production. Net income reached $214.5 million, with adjusted net income of $229.9 million. Free cash flow grew significantly, supporting a 25% dividend increase. Operational efficiencies and the integration of recent acquisitions contributed to improved financial performance.
Record quarterly production of 201,116 BOE per day, a 30% increase from Q4 2023.
Net income of $214.5 million and adjusted net income of $229.9 million.
Adjusted free cash flow of $415.5 million, an increase from the previous quarter.
Dividend increased by 25%, reflecting strong financial performance and cash flow generation.
Matador
Matador
Matador Revenue by Segment
Revenue by Segment
Third-Party Midstream Services Revenues Revenue
CapyFin.comSales of Purchased Natural Gas Revenue
CapyFin.com Forward Guidance
Matador expects continued production growth and financial strength in 2025, driven by operational efficiencies and increasing oil and gas production.
Positive Outlook
- Projected increase in oil production to 120,000-124,000 barrels per day in 2025.
- Total production expected to reach 202,000-208,000 BOE per day.
- Significant cost reductions in drilling and completion expenses.
- Midstream business expected to grow with new infrastructure expansion.
- Strong cash flow expected to support further dividend increases.
Challenges Ahead
- Potential price volatility in oil and natural gas markets.
- Higher capital expenditures due to increased drilling activity.
- Regulatory uncertainties affecting long-term expansion.
- Possible production disruptions from third-party midstream constraints.
- Higher operating expenses due to asset integrations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income