Matador Resources Q1 2024 Earnings Report

Matador Resources EPS Results

• Actual EPS: $1.71
• Consensus EPS: $1.39
• Beat/Miss: Beat by +$0.32
• One Year Ago EPS: $1.50

Matador Resources Revenue Results

• Actual Revenue: $787.70 million
• Expected Revenue: $740.99 million
• Beat/Miss: Beat by +$46.71 million
• YoY Revenue Growth: +40.60%

Matador Resources Announcement Details

• Quarter: Q1 2024
• Date: 4/23/2024
• Time: After Market Closes

Matador Resources (NYSE:MTDR) Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. It also operates the Eagle Ford shale play in South Texas; and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. In addition, the company conducts midstream operations in support of its exploration, development, and production operations. Further, it provides natural gas processing and oil transportation services; and oil, natural gas, and produced water gathering services, as well as produced water disposal services to third parties. The company sells natural gas to unaffiliated independent marketing companies and unaffiliated midstream companies. The company was formerly known as Matador Holdco, Inc. and changed its name to Matador Resources Company in August 2011. Matador Resources Company was founded in 2003 and is headquartered in Dallas, Texas.