Matador Resources (MTDR - Free Report) reported $836.13 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 18.2%. EPS of $1.99 for the same period compares to $2.08 a year ago.
The reported revenue represents a surprise of +8.53% over the Zacks Consensus Estimate of $770.39 million. With the consensus EPS estimate being $1.75, the EPS surprise was +13.71%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Matador performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Daily Production Volumes - Total oil equivalent: 154261 millions of barrels of oil equivalent versus 146455.5 millions of barrels of oil equivalent estimated by seven analysts on average.
- Average Daily Production Volumes - Oil: 88,663 BBL/D versus 87,397.95 BBL/D estimated by six analysts on average.
- Average Daily Production Volumes - Natural gas: 393.6 millions of cubic feet compared to the 354.85 millions of cubic feet average estimate based on six analysts.
- Average Sales Prices - Natural gas without realized derivatives: $3.01 compared to the $3.35 average estimate based on four analysts.
- Average Sales Prices - Oil, with realized derivatives: $79 compared to the $81.12 average estimate based on four analysts.
- Average Sales Prices - Oil without realized derivatives: $79 versus $80.32 estimated by four analysts on average.
- Average Sales Prices - Natural gas, with realized derivatives: $2.92 versus $3.46 estimated by three analysts on average.
- Revenues- Third-party midstream services revenues: $35.64 million versus the four-analyst average estimate of $28.95 million. The reported number represents a year-over-year change of +33.4%.
- Revenues- Oil and natural gas revenues: $753.25 million versus $723.98 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +18.6% change.
- Revenues- Sales of purchased natural gas: $43.39 million versus the two-analyst average estimate of $73.16 million. The reported number represents a year-over-year change of +0.8%.
View all Key Company Metrics for Matador here>>>Shares of Matador have returned +10.1% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
Matador Resources (MTDR - Free Report) reported $836.13 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 18.2%. EPS of $1.99 for the same period compares to $2.08 a year ago.
The reported revenue represents a surprise of +8.53% over the Zacks Consensus Estimate of $770.39 million. With the consensus EPS estimate being $1.75, the EPS surprise was +13.71%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Matador performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Daily Production Volumes - Total oil equivalent: 154261 millions of barrels of oil equivalent versus 146455.5 millions of barrels of oil equivalent estimated by seven analysts on average.
- Average Daily Production Volumes - Oil: 88,663 BBL/D versus 87,397.95 BBL/D estimated by six analysts on average.
- Average Daily Production Volumes - Natural gas: 393.6 millions of cubic feet compared to the 354.85 millions of cubic feet average estimate based on six analysts.
- Average Sales Prices - Natural gas without realized derivatives: $3.01 compared to the $3.35 average estimate based on four analysts.
- Average Sales Prices - Oil, with realized derivatives: $79 compared to the $81.12 average estimate based on four analysts.
- Average Sales Prices - Oil without realized derivatives: $79 versus $80.32 estimated by four analysts on average.
- Average Sales Prices - Natural gas, with realized derivatives: $2.92 versus $3.46 estimated by three analysts on average.
- Revenues- Third-party midstream services revenues: $35.64 million versus the four-analyst average estimate of $28.95 million. The reported number represents a year-over-year change of +33.4%.
- Revenues- Oil and natural gas revenues: $753.25 million versus $723.98 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +18.6% change.
- Revenues- Sales of purchased natural gas: $43.39 million versus the two-analyst average estimate of $73.16 million. The reported number represents a year-over-year change of +0.8%.
View all Key Company Metrics for Matador here>>>Shares of Matador have returned +10.1% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
Get the latest research report on MTDR - FREE