- Matador Resources reported record oil and gas revenues, record adjusted EBITDA, free cash flows, a big jump in net profits, and lower debt in its Q1-2021 results.
- Matador Resources’ earnings will likely move higher in Q2-2021 as it ramps up drilling activity, grows production, and continues to benefit from strong oil and gas prices.
- The company should generate strong levels of free cash flows which will allow it to reduce its debt by repaying funds borrowed from the revolving credit facility.
For further details see:
Matador Resources Firing On All Cylinders