Matador Resources Raises FY24 Production Guidance From 153K-159K To 158.5K-163.5K Total BOE/d (+3.2%)
Portfolio Pulse from Benzinga Newsdesk
Matador Resources has raised its full-year 2024 production guidance for total oil and natural gas equivalent production by 3.2%. The new guidance does not include expected production from the anticipated acquisition of a subsidiary of Ameredev II Parent, LLC, which is expected to close late in the third quarter of 2024.
July 23, 2024 | 8:17 pm
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Matador Resources has increased its full-year 2024 production guidance by 3.2%, which is a positive indicator for the company's future performance. This update does not yet include the expected production from the anticipated acquisition of a subsidiary of Ameredev II Parent, LLC.
The increase in production guidance by 3.2% suggests that Matador Resources is expecting higher output, which is a positive sign for the company's revenue and profitability. The anticipated acquisition of Ameredev's subsidiary, which is expected to close in Q3 2024, could further boost production and financial performance.
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