MTDR - Matador Resources: Growth In Production While Maintaining A Solid Balance Sheet
2024-05-02 01:37:00 ET
Summary
- Matador is projected to generate a bit over $700 million in 2024 free cash flow at current strip prices.
- It has been growing production through a combination of acquisitions and development.
- MTDR's balance sheet remains healthy, as evidenced by its ability to issue 6.5% notes due 2032 recently.
- Matador's next debt maturity isn't until 2028.
Matador Resources ( 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 Resources: Growth In Production While Maintaining A Solid Balance Sheet