Matador Resources (MTDR) Tops Q1 EPS by 16c; provides guidance

Matador Resources (NYSE: MTDR) reported Q1 EPS of $1.71, $0.16 better than the analyst estimate of $1.55. Revenue for the quarter came in at $787.69 million versus the consensus estimate of $744.58 million.

GUIDANCE

Matador anticipates achieving the high end of its full-year 2024 guidance range for total oil and natural gas equivalent production, oil production and natural gas production.

Matador anticipates its average daily oil equivalent production of 149,760 BOE per day in the first quarter of 2024 to grow by 5% to a midpoint of approximately 157,250 BOE per day in the second quarter of 2024.

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

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