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

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

Matador Resources (MTDR) Tops Q3 EPS by 8c

October 29, 2019 4:57 PM EDT

Matador Resources (NYSE: MTDR) reported Q3 EPS of $0.32, $0.08 better than the analyst estimate of $0.24. Revenue for the quarter came in at $279.4 million versus the consensus estimate of $232.33 million.

Increased Net Income, Earnings Per Share and Adjusted EBITDA

Third quarter 2019 net income (GAAP basis) was $44.0 million, or $0.38 per diluted common share, a 20% sequential increase from net income of $36.8 million in the second quarter of 2019, and a 2.5-fold year-over-year increase from net income of $17.8 million in the third quarter of 2018.Third quarter 2019 adjusted net income (a non-GAAP financial measure) was $37.9 million, or $0.32 per... More