Matador provides update on strength of balance sheet

The company stated, “Matador (MTDR) applied a portion of its cash flows and over $30M in proceeds from the sale of its Eagle Ford assets to reduce the borrowings under its credit facility. In total, Matador repaid $180M of its borrowings under its credit facility during the first quarter of 2025 and ended the quarter with $405M outstanding under this credit facility and, based on a preliminary review of our results for the first quarter, an expected leverage ratio of one times or less as of March 31, 2025. Notably, Matador finished the first quarter of 2025 in the strongest financial position in its history with approximately $1.8B in liquidity.”