Matador Resources Co

Matador agreed to buy Paloma Permian for $1.275 billion cash -- its third billion-dollar-plus Delaware Basin acquisition in under four years -- adding producing properties and undeveloped acreage in Eddy and Lea Counties, New Mexico, with the deal backed by a representation-and-warranty insurance policy in place of seller indemnities.

material agreement

The new 2034 notes closed, netting about $737 million.

debt financing

Matador priced a new $750 million senior notes offering (6.000% due 2034), positioned alongside its existing 2028 notes -- continued refinancing/extension of its debt maturity profile.

material agreement

Matador raised its dividend 20%, to $0.375 per share ($1.50/year, up from $1.25/year) -- its fastest string of consecutive annual increases since introducing the payout in 2021.

dividend declaration

Matador raised its dividend to $0.3125 per share, a 25% increase from the $0.25 rate set the prior quarter.

dividend declaration

Matador raised its dividend to $0.25 per share ($1.00/year), the first increase since the 33% raise a year earlier -- continued growth in shareholder returns alongside its acquisition-driven expansion.

dividend declaration

The 2033 notes closed, netting about $736 million.

debt financing

Following the Ameredev close, Matador priced $750 million of new 6.250% Senior Notes due 2033 to help term out the acquisition debt.

material agreement

Matador closed the Ameredev Stateline II acquisition for an adjusted $1.832 billion, funded in part by drawing the full $250 million new term loan and expanding its revolver commitment to $2.25 billion -- total borrowings under the credit facility reached $1.865 billion.

asset acquisition disposition

Matador agreed to buy Ameredev Stateline II for $1.905 billion cash -- its second blockbuster Delaware Basin deal in under 18 months -- adding producing properties and undeveloped acreage in Lea County, New Mexico and Loving/Winkler Counties, Texas, plus a roughly 19% stake in Pinon Midstream, LLC. To help fund it, Matador lined up a new $250 million term loan and an increase in its revolver commitment to $2.25 billion.

material agreement

Matador completed its cash tender offer for the outstanding 5.875% Senior Notes due 2026, using proceeds from the new 2032 notes -- wrapping up the refinancing.

debt financing

Alongside the notes offering, Matador raised about $345 million in an underwritten equity offering of 5.25 million shares at $65.65/share.

material agreement

Matador priced $900 million of new 6.500% Senior Notes due 2032, positioning to refinance its existing 2026 notes at a longer maturity.

material agreement

Matador again expanded its credit facility (borrowing base to $2.5 billion, maximum facility to $2.0 billion, elected commitment to $1.325 billion) and, in the same announcement, raised its dividend 33% to $0.20 per share -- continued balance-sheet growth alongside returning more cash to shareholders.

debt financing

Matador closed the Advance Energy Partners acquisition, paying an adjusted purchase price of approximately $1.598 billion in cash -- its largest deal to date, completed less than three months after signing.

asset acquisition disposition

The 2028 notes closed, netting about $488 million; the notes mature April 2028 and carry the same subsidiary guarantees and change-of-control protections as Matador's other senior notes.

debt financing

Matador priced $500 million of new 6.875% Senior Notes due 2028 -- upsized from the previously announced $400 million -- to help fund the pending Advance Energy Partners acquisition.

material agreement

Ahead of closing the Advance Energy Partners deal, Matador expanded its credit facility (elected commitment from $775 million to $1.25 billion, borrowing base reaffirmed at $2.25 billion) and switched administrative agents from Royal Bank of Canada to Truist Bank; it also announced plans for a $400 million private notes offering.

debt financing

Matador raised its dividend 50%, to $0.15 per share, under a policy adopted in December 2022.

dividend declaration

Matador agreed to buy Advance Energy Partners Holdings for $1.6 billion cash (plus contingent payments of $7.5 million per month in 2023 whenever WTI oil averages above $85) -- by far its largest acquisition to date, adding roughly 18,500 net acres, 99% held by production, in the core northern Delaware Basin adjacent to its existing Ranger area in Lea County, New Mexico.

material agreement

Matador doubled its dividend again, to $0.10 per share, under a revised policy adopted in June 2022 -- its second doubling in under a year.

dividend declaration

Matador and its lenders signed a Fourth Amended and Restated Credit Agreement: maximum facility reaffirmed at $1.5 billion, borrowing base raised to $1.35 billion, elected commitment held at $700 million, and maturity extended to October 2026 -- a comprehensive refresh of the facility that had backed the company since 2012.

debt financing

Matador doubled its dividend policy to $0.05 per share (from $0.025), the first raise since the payout was introduced nine months earlier.

dividend declaration

Matador adopted a dividend policy and declared its first-ever quarterly cash dividend, $0.025 per share -- a new capital-return commitment on top of its growth spending.

dividend declaration

Matador's credit facility was substantially expanded: maximum facility size raised to $1.5 billion, borrowing base to $850 million, elected commitment to $500 million, maturity extended to October 2023, the interest rate cut by 0.25%, and a 4.00x leverage covenant set -- reflecting the company's growing scale and improved lender terms.

debt financing

Matador tapped the same notes for an additional $300 million (total now $1.05 billion outstanding), netting about $298 million, which it used to pay down its revolving credit facility.

debt financing

The $750 million notes offering closed, netting $740 million; the notes mature September 2026, are guaranteed by Matador's subsidiaries, and require a change-of-control repurchase offer at 101% of face value.

debt financing

Matador priced $750 million of new 5.875% Senior Notes due 2026, intending to use the proceeds to tender for its existing 6.875% Senior Notes due 2023 -- refinancing to a lower rate and a longer maturity.

debt financing

A further equity raise: 7 million shares at $32.3731/share, about $227 million gross -- continued funding for Matador's growth.

material agreement

Matador raised about $209 million in an underwritten equity offering of 8 million shares at $26.09/share -- growth capital as the company scaled up its Permian Basin drilling program.

material agreement

Matador formed San Mateo Midstream, LLC, a joint venture with Five Point Capital Partners: Matador contributed its Wolf and Rustler Breaks midstream assets (valued at $350 million) plus $5.1 million cash for 51%, while Five Point contributed $176.4 million cash for 49% (most of it immediately paid back to Matador as capex reimbursement). Both partners committed tens of millions more in follow-on capital -- Matador's first major midstream joint venture, monetizing infrastructure it had already built.

asset acquisition disposition