Matador Resources Company Reports First Quarter 2020 Results and Updates Full Year 2020 Operational Plans and Guidance

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Go back to Matador Resources Company Reports First Quarter 2020 Results and Updates Full Year 2020 Operational Plans and Guidance

Matador Resources (MTDR) Tops Q1 EPS by 17c

April 29, 2020 4:51 PM EDT

Matador Resources (NYSE: MTDR) reported Q1 EPS of $0.20, $0.17 better than the analyst estimate of $0.03. Revenue for the quarter came in at $371.6 million versus the consensus estimate of $237 million.

Updated Full Year 2020 Guidance

A series of unprecedented events impacting the oil and natural gas industry has occurred since the beginning of 2020, including the worldwide destruction of demand for crude oil resulting from the outbreak of the novel coronavirus, or COVID-19, and, on March 6, 2020, from the actions of Saudi Arabia, other members of the Organization of Petroleum Exporting Countries and Russia. In response,... More