Matador Resources (MTDR) Tops Q3 EPS by 22c; Issues Production Guidance

Matador Resources (NYSE: MTDR) reported Q3 EPS of $1.86, $0.22 better than the analyst estimate of $1.64. Revenue for the quarter came in at $772.29 million versus the consensus estimate of $705.73 million.

Full-Year 2023 Guidance Update

Effective October 24, 2023, Matador anticipates achieving the mid-to-high end of its full-year 2023 guidance range for total oil and natural gas equivalent production, oil production and natural gas production. Matador also expects lower capital expenditures for full-year 2023, primarily due to lower midstream capital expenditures of $25 million.

For earnings history and earnings-related data on Matador Resources (MTDR) click here.

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