Matador Resources (MTDR) Tops Q2 EPS by 29c; Increases Full-Year 2024 Production Guidance

Matador Resources (NYSE: MTDR) reported Q2 EPS of $2.05, $0.29 better than the analyst estimate of $1.76. Revenue for the quarter came in at $847.14 million versus the consensus estimate of $824.05 million.

GUIDANCE

Effective July 23, 2024, Matador increased its full-year 2024 guidance range for total oil and natural gas equivalent production, oil production and natural gas production. This increased production guidance does not yet include any expected production from Matador’s anticipated acquisition of a subsidiary of Ameredev II Parent, LLC (“Ameredev”). The Ameredev acquisition is expected to close late in the third quarter of 2024, subject to customary closing conditions, including regulatory approval.

Total, BOE per day to 158,500 to 163,000

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

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