Matador Resources Company Reports Second Quarter 2019 Results, Provides Operational Update and Raises Full Year 2019 Guidance

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Go back to Matador Resources Company Reports Second Quarter 2019 Results, Provides Operational Update and Raises Full Year 2019 Guidance

Matador Resources (MTDR) Tops Q2 EPS by 8c, Revenues Beat

July 31, 2019 5:43 PM EDT

Matador Resources (NYSE: MTDR) reported Q2 EPS of $0.31, $0.08 better than the analyst estimate of $0.23. Revenue for the quarter came in at $241.7 million versus the consensus estimate of $218.73 million.

Second Quarter 2019 Financial and Operational Highlights

Second quarter 2019 average daily oil equivalent production increased 2% sequentially to a record quarterly high for the Company of 61,300 barrels of oil equivalent (BOE) per day (60% oil) as compared to the first quarter of 2019. Average daily oil production increased 7% sequentially to 36,800 barrels per day, and average daily natural gas production decreased 4% sequentially to 147.1 million cubic feet per day, each as... More