Matador Resources ( (MTDR) ) has released its Q1 earnings. Here is a breakdown of the information Matador Resources presented to its investors.
Matador Resources Company is an independent energy company engaged in the exploration, development, and production of oil and natural gas resources, primarily focusing on the Delaware Basin in Southeast New Mexico and West Texas. The company also operates midstream services to support its operations.
In its first-quarter 2025 earnings report, Matador Resources announced a profitable quarter with a significant increase in production and the approval of a $400 million share repurchase program. The company also revealed adjustments to its drilling activities to navigate market volatility.
Key highlights from the report include a 33% year-over-year increase in total oil and natural gas production, reaching an average of 198,631 BOE per day. Matador’s net income rose by 24% to $240.1 million, and adjusted EBITDA increased by 27% to $644.2 million. The company also achieved a 396% increase in adjusted free cash flow, amounting to $141.9 million. Additionally, Matador announced the repayment of $190 million in borrowings and the sale of non-core assets worth $440 million.
Looking ahead, Matador Resources remains optimistic about its ability to adapt to market conditions. The company plans to reduce its drilling rigs from nine to eight by mid-2025, providing flexibility to adjust operations based on market volatility. Matador aims to continue enhancing operational efficiencies and leveraging its strong asset base to deliver value to shareholders.