Matador Resources Management

Management criteria checks 3/4

Matador Resources' CEO is Joseph Foran, appointed in Jul 2003, has a tenure of 21.33 years. total yearly compensation is $8.06M, comprised of 16.8% salary and 83.2% bonuses, including company stock and options. directly owns 3.4% of the company’s shares, worth €248.42M. The average tenure of the management team and the board of directors is 5.3 years and 6 years respectively.

Key information

Joseph Foran

Chief executive officer

US$8.1m

Total compensation

CEO salary percentage	16.8%
CEO tenure	21.3yrs
CEO ownership	3.4%
Management average tenure	5.3yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Joseph Foran's remuneration changed compared to Matador Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$925m
Jun 30 2024	n/a	n/a	US$941m
Mar 31 2024	n/a	n/a	US$877m
Dec 31 2023	US$8m	US$1m	US$846m
Sep 30 2023	n/a	n/a	US$845m
Jun 30 2023	n/a	n/a	US$919m
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$9m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$731m
Dec 31 2021	US$9m	US$1m	US$585m
Sep 30 2021	n/a	n/a	US$281m
Jun 30 2021	n/a	n/a	-US$199m
Mar 31 2021	n/a	n/a	-US$658m
Dec 31 2020	US$2m	US$1m	-US$593m
Sep 30 2020	n/a	n/a	-US$480m
Jun 30 2020	n/a	n/a	-US$160m
Mar 31 2020	n/a	n/a	US$230m
Dec 31 2019	US$8m	US$1m	US$88m
Sep 30 2019	n/a	n/a	US$200m
Jun 30 2019	n/a	n/a	US$174m
Mar 31 2019	n/a	n/a	US$197m
Dec 31 2018	US$7m	US$1m	US$274m
Sep 30 2018	n/a	n/a	US$176m
Jun 30 2018	n/a	n/a	US$173m
Mar 31 2018	n/a	n/a	US$142m
Dec 31 2017	US$10m	US$1m	US$126m

Compensation vs Market: Joseph's total compensation ($USD8.06M) is above average for companies of similar size in the German market ($USD3.58M).

Compensation vs Earnings: Joseph's compensation has been consistent with company performance over the past year.

CEO

Joseph Foran (72 yo)

21.3yrs

Tenure

US$8,056,599

Compensation

Mr. Joseph Wm. Foran co-founded Matador Resources Company in July 2003 and has been Chairman and Chief Executive Officer since July 2003 and served as its President from July 2003 to November 2013 and serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joseph Foran	Founder	21.3yrs	US$8.06m	3.4% € 248.4m
Brian Willey	CFO & Executive VP	1.8yrs	US$3.00m	0.073% € 5.3m
Van Singleton	President of Land	9.8yrs	US$4.22m	0.22% € 15.9m
Michael Frenzel	Executive VP & Treasurer	6.3yrs	US$2.05m	0.054% € 3.9m
Christopher Calvert	Executive VP & COO	5.1yrs	no data	0.091% € 6.6m
Robert Macalik	Executive VP & Chief Accounting Officer	9.3yrs	no data	0.11% € 7.9m
Mac Schmitz	Vice President of Investor Relations	no data	no data	no data
Bryan Erman	Executive VP	2.7yrs	no data	0.061% € 4.4m
George Krug	Executive Vice President of Marketing & Midstream Strategy	8.8yrs	no data	0.17% € 12.2m
Edmund Frost	Executive Vice President of Geosciences	5.3yrs	no data	no data
W. Elsener	Executive Vice President of Reservoir Engineering & Senior Asset Manager	5.1yrs	no data	0.082% € 6.0m
Glenn Stetson	Executive Vice President of Production	5.1yrs	no data	0.069% € 5.0m

5.3yrs

Average Tenure

46yo

Average Age

Experienced Management: 7MR's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joseph Foran	Founder	21.3yrs	US$8.06m	3.4% € 248.4m
Kenneth Stewart	Independent Director	7.8yrs	US$211.23k	0.055% € 4.0m
Robert Baty	Deputy Lead Independent Director	8.1yrs	US$313.32k	0.039% € 2.8m
David Lancaster	Special Board Advisor	2.7yrs	US$1.53m	no data
Timothy Parker	Lead Independent Director	6.8yrs	US$325.82k	0.064% € 4.6m
Matthew Hairford	Special Board Advisor	2.7yrs	US$4.40m	no data
Reynald Baribault	Independent Director	10.4yrs	US$304.98k	0.10% € 7.4m
William Byerley	Independent Director	8.4yrs	US$254.98k	0.019% € 1.4m
Susan Ward	Independent Director	less than a year	no data	0.0010% € 76.6k
Monika Ehrman	Independent Director	5.2yrs	US$225.82k	0.027% € 2.0m
James Howard	Independent Director	3.8yrs	US$225.82k	0.088% € 6.4m
Shelley Appel	Director	1.4yrs	US$202.32k	0.050% € 3.6m

6.0yrs

Average Tenure

66.5yo

Average Age

Experienced Board: 7MR's board of directors are considered experienced (6 years average tenure).

Matador Resources Management

Management criteria checks 3/4

Key information

Recent management updates

Matador Resources Company, Annual General Meeting, Jun 13, 2024

Matador Resources Company Announces Executive Changes

Matador Resources Company Announces Resignation of Craig N. Adams as Executive Vice President, Co-Chief Operating Officer and Corporate Secretary

Matador Resources Company Announces Appointment of Susan M. Ward to Its Board of Directors

Founder recently bought €77k worth of stock

Founder recently bought €91k worth of stock

Recent updates

Upcoming dividend of US$0.25 per share

Matador Resources Company Increases Production Guidance for the Full-Year 2024

Third quarter 2024 earnings released: EPS: US$1.99 (vs US$2.21 in 3Q 2023)

Second quarter dividend of US$0.25 announced

Matador Resources Company Increases Quarterly Cash Dividend, Payable on December 6, 2024

Matador Resources Company to Report Q3, 2024 Results on Oct 22, 2024

Now 21% undervalued after recent price drop

New minor risk - Dividend sustainability

Matador Resources Company (NYSE:MTDR) completed the acquisition of Ameredev Stateline II, LLC from Ameredev II Parent, LLC and Ameredev Intermediate II, LLC for $1.8 billion.

Matador Resources Company (NYSE:MTDR) completed the acquisition of Ameredev Stateline II, LLC from Ameredev II Parent, LLC and Ameredev Intermediate II, LLC for $1.8 billion.

Upcoming dividend of US$0.20 per share

Second quarter 2024 earnings released: EPS: US$1.83 (vs US$1.38 in 2Q 2023)

Matador Resources Company Updates Production Guidance for the Full-Year 2024

First quarter dividend of US$0.20 announced

Matador Resources Company Declares Quarterly Cash Dividend, Payable on September 5, 2024

Matador Resources Company(NYSE:MTDR) dropped from Russell 2000 Growth Index

Matador Resources Company to Report Q2, 2024 Results on Jul 23, 2024

Matador Resources Company announced that it expects to receive $250 million in funding

Upcoming dividend of US$0.20 per share

Matador Resources Company, Annual General Meeting, Jun 13, 2024

First quarter 2024 earnings released: EPS: US$1.62 (vs US$1.37 in 1Q 2023)

Fourth quarter dividend of US$0.20 announced

Matador Resources Company Declares Quarterly Cash Dividend, Payable on June 7, 2024

Matador Resources Company Announces Executive Changes

Matador Resources Company to Report Q1, 2024 Results on Apr 23, 2024

New minor risk - Shareholder dilution

Matador Resources Company has completed a Follow-on Equity Offering in the amount of $347.3 million.

Matador Resources Company Announces Resignation of Craig N. Adams as Executive Vice President, Co-Chief Operating Officer and Corporate Secretary

Full year 2023 earnings released: EPS: US$7.10 (vs US$10.28 in FY 2022)

Matador Resources Company Provides Production Guidance for the First Quarter and Full Year 2024

Third quarter dividend of US$0.20 announced

Matador Resources Company Announces Appointment of Susan M. Ward to Its Board of Directors

Matador Resources Company to Report Q4, 2023 Results on Feb 20, 2024

Upcoming dividend of US$0.20 per share at 1.3% yield

Third quarter 2023 earnings released: EPS: US$2.21 (vs US$2.86 in 3Q 2022)

Matador Resources Company Increases Production Guidance for the Fourth Quarter and Updates Production Guidance for the Full Year 2023

Now 22% undervalued

Matador Resources Company Increases Quarterly Cash Dividend, Payable on December 1, 2023

Investor sentiment improves as stock rises 20%

Matador Resources Company to Report Q3, 2023 Results on Oct 24, 2023

Upcoming dividend of US$0.15 per share at 1.1% yield

Matador Resources Company Updates Production Guidance for the Full-Year 2023

New minor risk - Financial position

Second quarter 2023 earnings released: EPS: US$1.38 (vs US$3.52 in 2Q 2022)

Matador Resources Company to Report Q2, 2023 Results on Jul 25, 2023

New major risk - Revenue and earnings growth

Investor sentiment improves as stock rises 17%

Founder recently bought €77k worth of stock

Upcoming dividend of US$0.15 per share at 1.3% yield

First quarter 2023 earnings released: EPS: US$1.37 (vs US$1.76 in 1Q 2022)

Founder recently bought €91k worth of stock

Investor sentiment deteriorates as stock falls 17%

Full year 2022 earnings released: EPS: US$10.28 (vs US$5.00 in FY 2021)

Now 21% undervalued after recent price drop

Matador Resources Company Announces the Promotion of Brian J. Willey to Chief Financial Officer

Matador Resources Company Declares Quarterly Cash Dividend, Payable on March 9, 2023

Matador Resources Company to Report Q4, 2022 Results on Feb 21, 2023

Matador Resources Company Announces Quarterly Cash Dividend Quarter in 2023

Upcoming dividend of US$0.10 per share

Third quarter 2022 earnings released: EPS: US$2.86 (vs US$1.74 in 3Q 2021)

Matador Resources Company Raises Production Guidance for the Full Year 2022

Matador Resources Company Declares Quarterly Cash Dividend, Payable on December 1, 2022

Matador Resources Company to Report Q3, 2022 Results on Oct 25, 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.10 per share

Matador Resources Company Affirms Production Guidance for the Full Year of 2022

Second quarter 2022 earnings released: EPS: US$3.52 (vs US$0.91 in 2Q 2021)

Matador Resources Company Declares Quarterly Cash Dividend, Payable on September 1, 2022

Matador Resources Company to Report Q2, 2022 Results on Jul 26, 2022