Matador Resources Company (NYSE:MTDR) Q4 2019 Earnings Conference Call - Final Transcript
Feb 26, 2020 • 10:00 am ET
Good morning, ladies and gentlemen, and welcome to the Fourth Quarter and Full Year 2019 Matador Resources Company Earnings Conference Call. My name is Tawanda and I'll be serving as the operator for today. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. The replay will be available on the Company's website through March 31, 2020 as discussed in the Company's earnings press release issued yesterday.
I will now turn the call over to Mr. Mac Schmitz, Capital Market Coordinator for Matador. Mr. Schmitz, you may proceed.
Thank you. Tawanda, and good morning, everyone and thank you for joining us for Matador's fourth quarter and full year 2019 earnings conference call. Some of the presenters today will reference certain non-GAAP financial measures regularly used Matador Resources in measuring the Company's financial performance. Reconciliations of such non-GAAP financial measures with the comparable financial measures calculated in accordance with GAAP are contained at the end of the Company's earnings press release.
As a reminder, certain statements included in this morning's presentation may be forward-looking and reflect the company's current expectations or forecasts of future events based on the information that is now available. Actual results and future events could differ materially from those anticipated in such statements. Additional information concerning factors that could cause actual results to differ materially is contained in the Company's earnings release and its most recent quarterly report on Form 10-Q.
Finally, in addition to our earnings press release. I would like to remind everyone that you can find a short slide presentation summarizing the highlights of our fourth quarter and full year 2019 earnings release on our website on the Events and Presentations page under the Investor Relations tab.
And with that, I would now like to turn the call over to Mr. Joe Foran, our Chairman and CEO, Joe?
Joseph Wm. Foran
Thank you. Mac, and good morning to everyone on the line. And thank you for participating in today's call. We appreciate your time and interest in Matador very much. I'm forgo the usual introduction of the Executive Committee, who are in the room with me today and other selected people at Matador, but in order to make a couple of points and then we'll have more time for questions.
And I'd like to begin simply by thanking the staff, our shareholders that with their help and support, we can report to you that we very simply had the best quarter we've ever had in the fourth quarter and we've had the best year we've ever had in 2019, despite the head headlines. And now two months into 2020, I can say that 2020 is shaping up to be even better and 2021 as I've noted, for the first time looks like, we'll reach the free cash flow and continue to the achievements in the field and with the midstream and the 2021 will be the next best year.
Several points, I just want to make. It's not a model claim that 2020 is going