Matador Resources Company Reports Third Quarter 2016 Results and Provides Operational Update

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Go back to Matador Resources Company Reports Third Quarter 2016 Results and Provides Operational Update

Matador Resources (MTDR) Tops Q3 EPS by 7c

November 1, 2016 5:13 PM EDT

Matador Resources (NYSE: MTDR) reported Q3 EPS of $0.06, $0.07 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $88.7 million versus the consensus estimate of $77.6 million.

2016 Guidance Update

On November 1, 2016, Matador increased certain elements of its 2016 guidance, based on a 3-rig drilling program, as follows:

Total natural gas production guidance increased from 28.0 to... More