Matador (MTDR) Q1 Earnings Beat Estimates on Production Volume

Matador Resources Company (MTDR) reported first-quarter 2023 adjusted earnings of $1.71 per share, which beat the Zacks Consensus Estimate of $1.48. The bottom line also improved from the year-ago quarter’s level of $1.50.Total quarterly revenues of $788 million beat the Zacks Consensus Estimate of $726 million. The top line also increased from the year-ago quarter’s level of $560 million.Strong first-quarter results were aided by Matador’s high total production volume, averaging more than 149,700 barrels o ...