Matador Resources Company and San Mateo Midstream Announce Leadership Promotions
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) ('Matador') and its midstream affiliate, San Mateo Midstream, LLC ('San Mateo'), today announced several leadership promotions, effective June 11, 2025.
Bryan A. Erman has been promoted to Co-President, Chief Legal Officer and Head of M&A
William D. Lambert has been promoted to Executive Vice President, Chief Financial Officer and Head of Strategy
Brian J. Willey has been promoted to Executive Vice President – Midstream of Matador and Executive Vice President, Chief Administrative Officer and Chief Legal Officer of San Mateo
Robert T. Macalik has been promoted to Executive Vice President – Administration and Finance of Matador and Executive Vice President and Chief Financial Officer of San Mateo
Bryan A. Erman, currently Executive Vice President, General Counsel and Head of M&A, has been promoted to Co-President, Chief Legal Officer and Head of M&A, and William D. Lambert, currently Executive Vice President, Deputy Chief Financial Officer and Chief of Strategy, has been promoted to Executive Vice President, Chief Financial Officer and Head of Strategy.
'I would like to congratulate Bryan and Bill on their promotions,' said Joseph Wm. Foran, Matador's Founder, Chairman and Chief Executive Officer. 'Bryan's contributions have gone well beyond land and legal operations, and this promotion reflects his critical role in shaping and executing our strategy and objectives alongside Co-President, Van Singleton.' Mr. Foran continued, 'Since joining us earlier this year, Bill has already made significant contributions to Matador's finance and investor relations teams, demonstrating strong leadership and a deep understanding of our business. I look forward to working with him as our Chief Financial Officer.'
Additionally, Brian J. Willey, currently Executive Vice President and Chief Financial Officer, who previously led the San Mateo team, has been promoted to Executive Vice President – Midstream of Matador and Executive Vice President, Chief Administrative Officer and Chief Legal Officer of San Mateo, and Robert T. Macalik, currently Executive Vice President and Chief Accounting Officer, who supported the Chief Financial Officer and finance team, has been promoted to Executive Vice President – Administration and Finance of Matador and Executive Vice President and Chief Financial Officer of San Mateo.
Timothy E. Parker, Matador's Lead Independent Director, noted, 'With the recently completed expansion of the Marlan Plant, San Mateo's midstream system has grown from a total gas processing capacity of 60 million cubic feet per day ('MMcf/d') in 2016 to 720 MMcf/d today, making it one of the top three midstream gas processing systems by capacity in New Mexico. As our midstream business grows in value and strategic importance, we're excited for Brian and Rob, who have been key members of the team at Matador for many years, to take on leadership roles at San Mateo. These promotions will help strengthen San Mateo for future opportunities and growth as we continue to explore ways to maximize the value of San Mateo for Matador's shareholders.'
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.
For more information, visit Matador Resources Company at www.matadorresources.com.
About San Mateo Midstream
San Mateo Midstream is a strategic joint venture formed in February 2017 by a subsidiary of Matador and a subsidiary of Five Point Infrastructure LLC. San Mateo provides an all-inclusive approach to midstream services for the three main streams produced by oil and natural gas activities, including natural gas gathering, compression, treating and processing services; produced water gathering and disposal services; and oil gathering and transportation services. San Mateo owns and operates natural gas, produced water, and oil gathering and transportation systems in the Delaware Basin, the Black River and Marlan Gas Processing Complexes in Eddy County, New Mexico with a combined designed inlet capacity of 720 MMcf/d of natural gas and 16 commercial produced water disposal wells in Eddy County, New Mexico and Loving County, Texas, with a combined designed disposal capacity of 475,000 barrels per day. San Mateo serves as the primary midstream solution for its anchor customer, Matador, and provides midstream services to other E&P operators in the Delaware Basin.
Forward-Looking Statements
This press release includes 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 'Forward-looking statements' are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as 'could,' 'believe,' 'would,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'may,' 'should,' 'continue,' 'plan,' 'predict,' 'potential,' 'project,' 'hypothetical,' 'forecasted' and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about the growth of Matador's midstream business, the impact of the promotions described above on San Mateo and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, disruption from Matador's acquisitions or dispositions making it more difficult to maintain business and operational relationships; significant transaction costs associated with Matador's acquisitions or dispositions; the risk of litigation and/or regulatory actions related to Matador's acquisitions or dispositions, as well as the following risks related to financial and operational performance: general economic conditions; Matador's ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of Matador's midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on Matador's operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its revolving credit facilities and otherwise; the operating results of and the availability of any potential distributions from our joint ventures; weather and environmental conditions; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador's filings with the Securities and Exchange Commission ('SEC'), including the 'Risk Factors' section of Matador's most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Philip Morris International Declares Regular Quarterly Dividend of $1.35 Per Share
STAMFORD, CT, June 13, 2025--(BUSINESS WIRE)--Regulatory News: The Board of Directors of Philip Morris International Inc. (PMI) (NYSE: PM) today declared a regular quarterly dividend of $1.35 per common share, payable on July 15, 2025, to shareholders of record as of June 27, 2025. The ex-dividend date is June 27, 2025. For more details on stock, dividends and other information, see Philip Morris International: A Global Smoke-Free Champion Philip Morris International is a leading international consumer goods company, actively delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company's current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, nicotine pouch and e-vapor products. As of December 31, 2024, PMI's smoke-free products were available for sale in 95 markets, and PMI estimates they were used by 38.6 million adults around the world. The smoke-free business accounted for 42% of PMI's first-quarter 2025 total net revenues. Since 2008, PMI has invested over $14 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. Following a robust science-based review, the U.S. Food and Drug Administration has authorized the marketing of Swedish Match's General snus and ZYN nicotine pouches and versions of PMI's IQOS devices and consumables - the first-ever such authorizations in their respective categories. Versions of IQOS devices and consumables and General snus also obtained the first-ever Modified Risk Tobacco Product authorizations from the FDA. With a strong foundation and significant expertise in life sciences, PMI has a long-term ambition to expand into wellness and healthcare areas and aims to enhance life through the delivery of seamless health experiences. References to "PMI", "we", "our" and "us" mean Philip Morris International Inc., and its subsidiaries. For more information, please visit and View source version on Contacts Philip Morris International Investor Relations:Stamford, CT: +1 (203) 904 2410Lausanne: +41 (0)58 242 4666Email: InvestorRelations@ Media: David FraserLausanne: +41 (0)58 242 4500Email: 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
35 minutes ago
- Yahoo
Should You Buy AMC Stock Before August?
AMC was one of the original meme stocks. The large movie theater company has struggled, though, as streaming apps and other platforms like YouTube have stolen viewers. AMC is expected to report second-quarter earnings in August. 10 stocks we like better than AMC Entertainment › AMC (NYSE: AMC), the world's largest owner of movie theaters, was also one of the original meme stocks that popped in 2020 and 2021. Retail investors, through the power of social media and investing chat groups, started looking for stocks with high short interest, even if the company's fundamentals weren't strong. They realized that by working together to purchase shares and refusing to sell, they could keep the stock price higher for longer, eventually forcing short-sellers to repurchase their borrowed shares, which they had to return to the original owners. The result is a massive short squeeze, which can lead to a stock melting up. While AMC's stock has crashed since its epic run, the name still has many loyal followers who think the stock can rally. Should you buy AMC before the company reports earnings some time in early August? While people consume more content than ever before, movie theaters have not benefited from this trend. YouTube and streaming apps, and the ability to use these platforms on a variety of devices, have taken market share from movie theaters. The pandemic made it more mainstream to watch movies from the confines of home, and the streaming apps regularly release new content that bypasses movie theaters altogether. Even the most highly anticipated movies with big-name actors that start out in theaters only take a few months before they are accessible on a streaming app for free or can be purchased, often at a cheaper rental price than going to the theaters. While many industries that struggled during the pandemic have now recovered, movie theaters are still struggling. Many experts thought this might be the year that the movie business recovered, but that hasn't been the case so far. In 2024, AMC reported a $353 million net loss, which improved 44% from 2023. Revenue dropped about 4% on the year. However, in the first quarter of 2025, which is believed to be a seasonally weak time for the sector, AMC reported a $202 million net loss and saw revenue decline 9.3% year over year. AMC CEO Adam Aron said he strongly believes the poor results are an anomaly. "Anyone trying to draw any conclusions about the success or appeal of movie theatres from the results of the first quarter of 2025 is likely to be mistaken," Aron said in AMC's earnings release, adding that the first quarter of the year was the worst experienced by the industry since 1996, excluding a few quarters impacted by the pandemic. Aron added that demand for movie theater experiences has surged in the second quarter, with domestic box office activity up more than double in April and May on a year-over-year basis. It's a bit hard for me to reconcile how the box office can be so volatile this year, but if Aron is to be believed there should be a bounce in the second quarter. A report from Grower Street Analytics earlier this year said that domestic box office totals in 2025 are supposed to jump 8% year over year, so perhaps the first quarter was an anomaly. Still, AMC's financials are not yet compelling. Furthermore, my own experiences and trends with how I view content do not make me a believer in the box office. I find streaming at home to be far more convenient. I've learned to simply wait a few months to see most new movies that appear in theaters, and when there is a popular new movie out that I want to see, it's difficult to book good seats in a theater. While movie ticket prices have gotten more expensive, it's now much more affordable to purchase a large television and entertainment system for your house or apartment. Considering these trends and no real financial proof yet that AMC is anywhere close to turning a profit or growing revenue, I think investors can find plenty of better opportunities to invest their capital over AMC. Before you buy stock in AMC Entertainment, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AMC Entertainment wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor's total average return is 996% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Should You Buy AMC Stock Before August? was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
an hour ago
- Yahoo
PharmaResearch Spin-Off into Holding and Aesthetics Companies Approved by Board of Directors
SEONGNAM, South Korea, June 13, 2025 /PRNewswire/ -- PharmaResearch announced on June 13 that its board of directors has approved a corporate spin-off, resulting in the formation of two distinct entities: PharmaResearch Holdings, which will remain as the surviving entity focused on investment and governance, and PharmaResearch, a newly established operating company that will continue to lead the aesthetics business. The decision is part of a broader strategy to enhance operational efficiency and sharpen business focus by separating investment and commercial functions. PharmaResearch Holdings will serve as the group's control tower, managing subsidiaries, directing M&A activities, and pursuing long-term value creation. The new PharmaResearch will concentrate on its core business areas—including medical devices, pharmaceuticals, and cosmetics—with the goal of accelerating growth in the global aesthetics market. The spin-off ratio is 0.7427944 for PharmaResearch Holdings and 0.2572056 for the new PharmaResearch. Following the spin-off, total assets are expected to reach KRW 580.2 billion (approx. USD 427.2 million) for PharmaResearch Holdings and KRW 219.5 billion (approx. USD 161.6 million) for PharmaResearch. The proposed spin-off will be finalized following shareholder approval at an extraordinary general meeting scheduled for October. If approved, the effective date will be November 1, 2025, followed by re-listing procedures for both entities. A company spokesperson commented, "This spin-off will allow us to sharpen our competitive edge in each business segment and respond more swiftly to evolving global market dynamics. Transitioning to a holding company structure will establish a strong foundation for sustainable growth and deliver greater long-term value to our shareholders." In a separate move to enhance shareholder value, PharmaResearch has also announced that it will cancel all of its treasury shares on June 20. View original content to download multimedia: SOURCE PharmaResearch Sign in to access your portfolio
