Matador Resources Gets $113M From Sale Of Piñon Midstream, LLC
Portfolio Pulse from Benzinga Newsdesk
Matador Resources has sold its interest in Piñon Midstream, LLC for $113 million. This transaction is expected to impact Matador's financials positively.
October 29, 2024 | 10:50 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Matador Resources has completed the sale of its interest in Piñon Midstream, LLC for $113 million, which is expected to positively impact its financials.
The sale of Piñon Midstream, LLC for $113 million provides Matador Resources with a significant cash inflow, which is likely to strengthen its balance sheet and potentially improve its financial performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100