Financial Performance - Matador Resources reported $970.37 million in revenue for Q4 2024, a year-over-year increase of 16.1% [1] - The EPS for the same period was $1.83, compared to $1.99 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $955.17 million, resulting in a surprise of +1.59% [1] - The company delivered an EPS surprise of +5.17%, with the consensus EPS estimate being $1.74 [1] Key Metrics - Average Daily Production Volumes for total oil equivalent were 201,116 million barrels, slightly above the average estimate of 199,297.3 million barrels [4] - Average Daily Production Volumes for oil were 118,440 BBL/D, compared to the average estimate of 119,487.1 BBL/D [4] - Average Daily Production Volumes for natural gas were 496.1 million cubic feet, exceeding the average estimate of 477.63 million cubic feet [4] Sales Prices and Revenues - Average Sales Prices for natural gas with realized derivatives were $2.81, slightly above the estimated $2.80 [4] - Average Sales Prices for oil with realized derivatives were $70.66, compared to the estimated $70.81 [4] - Oil and natural gas revenues were reported at $893.86 million, exceeding the estimated $881.53 million, representing an 18.7% year-over-year change [4] - Third-party midstream services revenues were $37.70 million, below the average estimate of $43.37 million, but showed a +5.8% year-over-year change [4] Stock Performance - Shares of Matador have returned -10.3% over the past month, while the Zacks S&P 500 composite increased by +4.7% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - Matador Resources reported quarterly earnings of $1.83 per share, exceeding the Zacks Consensus Estimate of $1.74 per share, although down from $1.99 per share a year ago, indicating a 5.17% earnings surprise [1][2] Financial Performance - The company achieved revenues of $970.37 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.59% and showing an increase from $836.13 million year-over-year [2] - Over the last four quarters, Matador has consistently surpassed consensus EPS estimates and revenue estimates [2] Stock Performance and Outlook - Matador shares have increased approximately 1.7% since the beginning of the year, underperforming compared to the S&P 500's gain of 4% [3] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $2.08 for the coming quarter and $8.53 for the current fiscal year [7] Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently ranked in the top 16% of over 250 Zacks industries, suggesting a favorable environment for stocks in this sector [8]

Group 1 - Matador Resources (MTDR) is part of the Oils-Energy sector, which consists of 247 individual stocks and holds a Zacks Sector Rank of 6, indicating its relative strength among sector groups [2] - The Zacks Rank system highlights stocks with favorable earnings estimates and revisions, with Matador Resources currently holding a Zacks Rank of 2 (Buy) [3] - The consensus estimate for MTDR's full-year earnings has increased by 11.1% in the past quarter, reflecting improved analyst sentiment and a positive earnings outlook [3] Group 2 - Year-to-date, Matador Resources has gained approximately 5.3%, outperforming the Oils-Energy sector's average return of 5% [4] - Another stock in the Oils-Energy sector, Range Resources (RRC), has performed even better with a year-to-date return of 10.4% [4] - Matador Resources is categorized under the Oil and Gas - Exploration and Production - United States industry, which includes 34 stocks and currently ranks 52 in the Zacks Industry Rank, while this industry has seen an average loss of 13% this year [6] Group 3 - Investors in the Oils-Energy sector should monitor Matador Resources and Range Resources for their continued strong performance [7]

Matador Resources (MTDR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a chan ...

A month has gone by since the last earnings report for Matador Resources (MTDR) . Shares have added about 16.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Matador due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Matador Q3 Earnings Beat Estimates, Raises '24 O ...

We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Aaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Enterta ...

Financial Data and Key Metrics - The company expects to have over 200,000 BOE per day in 2025, driven by the integration of Ameredev assets and the full-year operation of nine rigs [15][16] - CapEx for 2025 is expected to be slightly higher than the $1.25 billion spent in 2024, primarily due to the full-year operation of nine rigs and the high working interest from Ameredev wells [16] - The company reduced its drilling and completion cost per lateral foot from $1,010 to $930, an 8% reduction, driven by operational efficiencies and the use of Trimul-Frac technology [21] Business Line Data and Key Metrics - The Ameredev acquisition is performing better than expected, with production increasing to 31,500 BOE per day in the last 13 days of Q3 2024, up from 26,000 BOE per day at the time of acquisition [29][30] - The company has successfully integrated Trimul-Frac technology, which has saved approximately $20 million by converting over 90 wells into Simul- or Trimul-Frac candidates [48] - Midstream operations achieved record EBITDA, with over 99% uptime for the plant, and the new plant is on track for completion in 2025 [40][42] Market Data and Key Metrics - The company is optimistic about the eastern side of the basin, particularly the Antelope Ridge area, where well results have confirmed the quality of the rock [31] - The company has a significant gas bank in the Cotton Valley, with over 200-300 Bcf of gas opportunities, and 1.4 Tcf of gas reserves in the Delaware Basin, providing flexibility to pivot to gas if needed [60] Company Strategy and Industry Competition - The company emphasizes profitable growth at a measured pace, with a focus on maintaining a 20% annual growth rate, leveraging a portfolio of 2,000 drilling locations with a >50% rate of return [13][14] - The company is open to acquisitions, particularly those that add to its inventory of undeveloped acreage, as seen with the $66 million in acquisitions in Q3 2024, which added minimal production but significant inventory [35][36] - The company is exploring ways to unlock midstream value, with potential opportunities being studied, including partnerships and capital allocation strategies [38][39] Management Commentary on Operating Environment and Future Outlook - Management is confident in the company's ability to continue improving operational efficiencies, particularly through the use of remote operations and produced water for hydraulic fracturing, which reduces costs and environmental impact [22][26] - The company expects to see further LOE reductions in the Ameredev area, with $1 million in monthly savings already identified, primarily from the use of recycled produced water and optimized chemical usage [51] - Management is optimistic about the future, citing strong well results, operational efficiencies, and the successful integration of Ameredev assets as key drivers for growth in 2025 [53] Other Important Information - The company's CEO, Joseph Foran, was awarded the Legacy Award by the CEO Magazine, recognizing his contributions to the industry and the growth of Matador Resources from a $270,000 startup to a $6.5 billion market cap company [61][62] Q&A Session Summary Question: Shareholder returns and potential for stock buybacks - The company prefers fixed dividends over buybacks, as they are more aligned with long-term shareholder interests and do not require additional debt [8][9][10] Question: Capital allocation and rig count for 2025 - The company plans to maintain nine rigs for the full year in 2025, with CapEx expected to be slightly higher than 2024 due to the full-year operation of rigs and the integration of Ameredev assets [15][16] Question: Cash tax expectations for 2025 - The company expects cash taxes to be lower in 2025, with the corporate alternative minimum tax (AMT) not applying, and the actual rate will depend on available deductions [19] Question: Operational efficiencies and cost reductions - The company has achieved significant cost reductions through the use of Trimul-Frac technology, remote operations, and produced water for hydraulic fracturing, with further efficiencies expected in 2025 [21][22][26] Question: Ameredev asset performance and future outlook - The Ameredev assets have outperformed expectations, with production increasing to 31,500 BOE per day, and the company is optimistic about further development in the Antelope Ridge area [29][31] Question: Midstream value and CapEx for 2025 - The company is exploring ways to unlock midstream value, with CapEx expected to decrease in 2025 as the system is built out, moving towards a maintenance capital model [38][42] Question: LOE trends and Ameredev integration - The company expects LOE to decrease in the Ameredev area, with $1 million in monthly savings already identified, primarily from the use of recycled produced water and optimized chemical usage [51] Question: Ground game and M&A opportunities - The company expects to see more M&A opportunities in 2025, particularly from larger companies rationalizing their portfolios and private equity firms turning over assets [55][56]

Matador Resources Company (MTDR) reported third-quarter 2024 adjusted earnings of $1.89 per share, which beat the Zacks Consensus Estimate of $1.73. The bottom line also improved from the year-ago quarter’s $1.86.Total revenues of $899.8 million beat the Zacks Consensus Estimate of $839 million. The top line also increased from the year-ago quarter’s $772.3 million.The strong third-quarter results were driven by Matador’s high total production volume and a decrease in the total operating expenses per barrel ...

Matador Resources (MTDR) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.25%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $1.75 per share when it actually produced earnings of $2.05, delivering a surprise of 17.14%.Over the last fo ...

Exhibit 99.1 MATADOR RESOURCES COMPANY REPORTS RECORD THIRD QUARTER 2024 RESULTS, INCREASES FULL-YEAR 2024 GUIDANCE AND EXPECTS OVER 200,000 BOE PER DAY IN 2025 DALLAS, Texas, October 22, 2024 -- Matador Resources Company (NYSE: MTDR) ("Matador" or the "Company") today reported financial and record operating results for the third quarter of 2024, increased full-year 2024 guidance and expects to produce over 200,000 barrels of oil and natural gas equivalent ("BOE") per day in 2025. A short slide presentation ...