Matador Resources (MTDR) Tops Q3 EPS by 5c

Matador Resources (NYSE: MTDR) reported Q3 EPS of $0.03, $0.05 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $98.4 million versus the consensus estimate of $80.83 million.

• Increased full-year 2015 natural gas production guidance from 26.0 to 27.0 billion cubic feet to 27.0 to 28.0 billion cubic feet. Reaffirmed all other full-year 2015 guidance estimates as increased on August 4, 2015 including (1) capital expenditures of $425 million (excluding capital expenditures associated with the HEYCO merger), (2) oil production of 4.4 to 4.5 million barrels, (3) oil and natural gas revenues of $290 to $300 million and (4) Adjusted EBITDA of $220 to $230 million. Oil and natural gas revenues and Adjusted EBITDA guidance are based on estimated average realized oil and natural gas prices of $50.00 per barrel and $3.00 per thousand cubic feet for the final three months of 2015.

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

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