Matador (MTDR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Matador Resources (MTDR) reported revenue of $939.02 million for Q3 2025, a year-over-year increase of 4.4% and a surprise of +6.3% over the Zacks Consensus Estimate of $883.36 million [1] - The EPS for the same period was $1.36, down from $1.89 a year ago, with an EPS surprise of +11.48% compared to the consensus estimate of $1.22 [1] Financial Performance Metrics - Average Daily Production Volumes: - Oil: 119,556 BBL/D, exceeding the estimated 117,874.80 BBL/D [4] - Natural Gas: 537.8 million cubic feet per day, surpassing the estimated 498.45 million cubic feet per day [4] - Total Oil Equivalent: 209,184 million barrels of oil equivalent per day, above the estimated 201,142.9 million barrels [4] - Average Sales Prices: - Natural Gas (with realized derivatives): $2.03, below the estimated $2.46 [4] - Oil (with realized derivatives): $64.91, slightly above the estimated $64.51 [4] - Oil (without realized derivatives): $64.91, below the estimated $65.38 [4] - Natural Gas (without realized derivatives): $1.95, below the estimated $2.29 [4] - Revenue Breakdown: - Oil and Natural Gas Revenues: $810.24 million, exceeding the estimated $798.5 million, representing a +5.2% year-over-year change [4] - Third-party Midstream Services Revenues: $43.83 million, above the estimated $43.34 million, with a +14.4% year-over-year change [4] - Oil Revenues: $713.95 million, surpassing the estimated $671.13 million, reflecting a +2.2% year-over-year change [4] - Natural Gas Revenues: $96.29 million, below the estimated $118.54 million, with a +34.2% year-over-year change [4] - Sales of Purchased Natural Gas: $61.04 million, below the estimated $67.43 million, with an +18.2% year-over-year change [4] Stock Performance - Matador's shares have returned -15.8% over the past month, contrasting with the Zacks S&P 500 composite's +1.3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]