Matador Resources Company Reports Second Quarter 2019 Results, Provides Operational Update and Raises Full Year 2019 Guidance
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Matador Resources (MTDR) Tops Q2 EPS by 8c, Revenues Beat
July 31, 2019 5:43 PM EDTMatador 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