Matador Beats on Q3 Earnings, Raises 2024 Output View

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 ...