Matador Resources Company has recently appointed Ms. Susan M. Ward to its board of directors. Ms. Ward brings a wealth of experience from her tenure at Shell Oil Company and her previous roles in the energy sector, including a significant background in finance and investment banking.
David Lancaster, Matador's Chairman, and CEO, expressed enthusiasm about the appointment, stating, "We are pleased to welcome Ms. Ward to Matador's board of directors. Her extensive experience in the energy sector and her financial expertise will be invaluable as we continue to execute our business strategy and drive long-term value for our shareholders."
The company operates as an independent energy company, focusing on the exploration, development, production, and acquisition of oil and natural gas resources in the United States, with particular emphasis on unconventional plays. Matador's current operations are primarily concentrated in the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin, as well as in other key shale plays across Texas and Louisiana.
In response to the appointment, Ms. Ward remarked, "I am honored to join Matador's board of directors and look forward to contributing to the company's continued success in the energy sector. I believe in the company's strategic direction and am eager to work with the board and management team to help shape its future."
The announcement coincided with a 0.5% movement in the company's shares, which are now trading at a price of $54.41.
Matador Resources Company's full 8-K submission is available here.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $900 | $984 | $862 | $1,663 | $3,058 | $2,678 |
| Revenue Growth | n/a | 9.35% | -12.36% | 92.89% | 83.89% | -12.42% |
| Operating Margins | 40% | 24% | -60% | 48% | 57% | 45% |
| Net Margins | 30% | 9% | -69% | 35% | 40% | 32% |
| Net Income (MM) | $274 | $88 | -$593 | $585 | $1,214 | $845 |
| Net Interest Expense (MM) | $41 | $74 | $77 | $75 | $67 | $102 |
| Depreciation & Amort. (MM) | $265 | $351 | $362 | $345 | $466 | $628 |
| Earnings Per Share | $2.41 | $0.75 | -$5.11 | $4.91 | $10.11 | $7.02 |
| EPS Growth | n/a | -68.88% | -781.33% | 196.09% | 105.91% | -30.56% |
| Diluted Shares (MM) | 114 | 117 | 116 | 119 | 120 | 120 |
| Free Cash Flow (MM) | $606 | $548 | $475 | $1,053 | $1,978 | $1,693 |
| Capital Expenditures (MM) | $3 | $4 | $2 | $0 | $1 | $3 |
| Current Ratio | 0.93 | 0.7 | 0.9 | 0.8 | 1.86 | 0.98 |
