Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: April 18, 2023
Principal Executive Offices: Dallas, Texas
Trading Symbol: MTDR (New York Stock Exchange)
This filing serves as a Regulation FD disclosure announcing the declaration of a quarterly cash dividend on the Company's common stock, pursuant to a dividend policy adopted by the Board of Directors in December 2022.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses solely on the corporate action of declaring a dividend rather than reporting operational financial results.
Material Changes
No material changes to financial performance or operational status are detailed in this specific filing. The primary event is the initiation of a dividend payment under the established policy.
Guidance, Outlook, and Management Commentary
- Dividend Policy: Future dividend payments are at the discretion of the Board of Directors.
- Determining Factors: Decisions will depend on results of operations, cash flows, financial position, capital requirements, general business conditions, and legal, tax, and regulatory restrictions.
- Exhibit Reference: A press release dated April 18, 2023 (Exhibit 99.1) contains the full announcement details.
Investor Verification Checklist
- Verify the specific dividend amount per share and the record/payment dates in the attached press release (Exhibit 99.1).
- Review the December 2022 Board resolution regarding the dividend policy for long-term payout expectations.
- Confirm the Company's current cash flow position in the most recent 10-Q or 10-K to assess the sustainability of the dividend.