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 ...

Matador Resources (MTDR) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 22, 2024, might help the stock move higher if these key numbers are bet ...

Matador Resources Co. (MTDR) is an independent oil and gas company. Analysts are cutting this Zacks Rank #5 (Strong Sell)'s earnings estimates as the price of oil falls. Matador is an energy company that explores and produces oil and natural gas in the United States. It is focused on shale and other unconventional plays. Current operations include Wolfcamp and Bone Springs plays in the Delaware Basin in Southeast New Mexico and West Texas. It also operates in the Eagle Ford shale play in South Texas and the ...

Matador Resources Company (MTDR) announced the completion of its $1.832 billion acquisition of a subsidiary of Ameredev II Parent, LLC, adding significant assets in the Delaware Basin to its portfolio. This acquisition aligns with Matador's strategic expansion and enhances its position in a key U.S. oil and gas region. MTDR Expands Delaware Basin Footprint The Ameredev acquisition adds approximately 33,500 contiguous net acres in the Delaware Basin to MTDR's portfolio, with 82% of the acreage held by produc ...

Crude Oil Futures ( CL1:COM ) have risen 21.54% over the past 5 years despite falling 2.02% (YTD) partly due to the surging imbalance between the supply and demand of crude oil into 2024. Recently, the FOMC I have more than five years experience in the financial industry. I focus mostly in the commodities, foreign exchange and cryptocurrencies. I also write on general issues like equity research, economics and geopolitics.Fellow contributor Crispus Nyaga is my colleague. Analyst's Disclosure: I/we have a be ...

Core Viewpoint - Matador Resources Company (MTDR) is positioned for significant earnings growth, with projections of nearly 16% in 2024 and 20% in 2025, driven by favorable commodity prices and increased production volumes [1][4]. Group 1: Company Performance - The price of West Texas Intermediate crude is nearing $70 per barrel, which is beneficial for exploration and production activities, likely aiding MTDR in increasing production volumes [2]. - Matador Resources has entered a $1.91 billion agreement to expand its operations in the Delaware Basin, which is expected to close in late Q3 2024, resulting in over 190,000 net acres and an estimated production exceeding 180,000 barrels of oil equivalent per day [3]. Group 2: Market Conditions - The combination of high commodity prices and expectations for increased production is anticipated to positively impact MTDR's bottom line [4].

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------|-------|-------------|-------|---------|-------|-------------|-------|-----------| | | | June \n2024 | 30, | 2023 | | June \n2024 | 30, | 2023 | | Operating Data | | | | | | | | | | (1) Revenues (in thousands) | | | | | | | | | | Oil | $ | 705,550 | $ | 510,364 | $ | 1,304,064 | $ | 912,141 | | Natural gas | | 70,729 | | 77,553 | | 175,755 | | 178,685 | | Total oil and natural gas reven ...

Core Viewpoint - Matador Resources (MTDR) is identified as a strong growth stock due to its impressive earnings growth, efficient asset utilization, and positive earnings estimate revisions, positioning it well for outperformance in the market [2][5][12]. Earnings Growth - Matador's historical EPS growth rate stands at 80.6%, with a projected EPS growth of 16.4% for the current year, significantly outperforming the industry average of -5.6% [2]. - The current-year earnings estimates for Matador have been revised upward, with the Zacks Consensus Estimate increasing by 0.3% over the past month [18]. Asset Utilization - Matador has a sales-to-total-assets (S/TA) ratio of 0.42, indicating that the company generates $0.42 in sales for every dollar in assets, which is higher than the industry average of 0.4, showcasing better efficiency [3]. - The company is also expected to achieve a sales growth of 25.1% this year, compared to the industry average of 1.9%, further highlighting its strong sales performance [17]. Earnings Estimate Revisions - The trend in earnings estimate revisions for Matador is positive, which is correlated with near-term stock price movements, making it an attractive investment [4]. - Matador has earned a Zacks Rank of 2 (Buy) and a Growth Score of B, reflecting its favorable growth characteristics [5][14]. Investment Recommendation - Given the combination of strong earnings growth, efficient asset utilization, and positive earnings revisions, Matador is recommended as a compelling growth investment opportunity for investors [12].

Matador Resources Company (MTDR) reported second-quarter 2024 adjusted earnings of $2.05 per share, which beat the Zacks Consensus Estimate of $1.75. The bottom line also improved from the year-ago quarter's $1.42. Total quarterly revenues of $847.1 million beat the Zacks Consensus Estimate of $817 million. The top line also increased from the year-ago quarter's $638.1 million. Strong second-quarter results were aided by Matador's high total production volume, along with an increase in the realized price of ...