Matador Resources (MTDR) Misses Q4 EPS by 8c; Updates Q1, FY12 Outlook
Matador Resources (NYSE: MTDR) reported Q4 EPS of $0.08, $0.08 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $21.46 million versus the consensus estimate of $29.23 million.
For Q1: Matador plans to direct approximately 94% or $295 million of its 2012 capital budget to opportunities prospective for oil and liquids, including the allocation of approximately 84% or $264 million specifically to the exploration, development and acquisition of additional interests in the Eagle Ford shale play in South Texas.
For FY12: Matador affirms the guidance metrics previously announced on March 7, 2012 including (1) estimated capital spending of $313 million, (2) estimated total oil production of 1.4 to 1.5 million barrels, (3) estimated exit rate for oil production of 5,000 to 5,500 barrels per day and (4) estimated total natural gas production of 12.5 to 13.5 billion cubic feet.
For earnings history and earnings-related data on Matador Resources (MTDR) click here.
For Q1: Matador plans to direct approximately 94% or $295 million of its 2012 capital budget to opportunities prospective for oil and liquids, including the allocation of approximately 84% or $264 million specifically to the exploration, development and acquisition of additional interests in the Eagle Ford shale play in South Texas.
For FY12: Matador affirms the guidance metrics previously announced on March 7, 2012 including (1) estimated capital spending of $313 million, (2) estimated total oil production of 1.4 to 1.5 million barrels, (3) estimated exit rate for oil production of 5,000 to 5,500 barrels per day and (4) estimated total natural gas production of 12.5 to 13.5 billion cubic feet.
For earnings history and earnings-related data on Matador Resources (MTDR) click here.