Matador Resources (MTDR) Posts Q4 EPS of 63c
Matador Resources (NYSE: MTDR) reported Q4 EPS of $0.63, $0.61 better than the analyst estimate of $0.02. Revenue for the quarter came in at $93.1 million versus the consensus estimate of $77.4 million.
The Company’s earnings per diluted common share for the fourth quarter of 2014 were favorably impacted by increased oil and natural gas production during the fourth quarter of 2014 and by an increase in unrealized gain on derivatives, particularly the increased fair value of oil derivative contracts, as oil and natural gas prices declined sharply during the fourth quarter of 2014. The Company’s earnings per diluted common share for the fourth quarter of 2014 were unfavorably impacted by the sharp decline in the prices of oil and natural gas, with weighted average oil and natural gas prices realized in the fourth quarter of 2014 of $69.09 per barrel and $4.24 per thousand cubic feet, respectively, being significantly lower than the weighted average oil and natural gas prices of $90.91 per barrel and $4.86 per thousand cubic feet, respectively, realized in the fourth quarter of 2013.
For earnings history and earnings-related data on Matador Resources (MTDR) click here.
