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Matador (MTDR) Reports Q3 Earnings: What Key Metrics Have to Say

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Matador Resources (MTDR - Free Report) reported $1.22 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 30.2%. EPS of $2.08 for the same period compares to $1.36 a year ago.

The reported revenue represents a surprise of +26.38% over the Zacks Consensus Estimate of $966.99 million. With the consensus EPS estimate being $1.81, the EPS surprise was +14.92%.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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 - Oil: 132,019.00 BBL/D compared to the 129,649.90 BBL/D average estimate based on nine analysts.
  • Average Daily Production Volumes - Natural gas: 590.7 millions of cubic feet per day compared to the 572.39 millions of cubic feet per day average estimate based on nine analysts.
  • Average Daily Production Volumes - Total oil equivalent: 230470 millions of barrels of oil equivalent per day versus the nine-analyst average estimate of 226221.7 millions of barrels of oil equivalent per day.
  • Average Sales Prices - Oil, with realized derivatives: $74.84 versus the six-analyst average estimate of $74.00.
  • Average Sales Prices - Oil without realized derivatives: $87.25 compared to the $85.94 average estimate based on five analysts.
  • Average Sales Prices - Natural gas without realized derivatives: $2.99 versus $2.31 estimated by five analysts on average.
  • Average Sales Prices - Natural gas, with realized derivatives: $2.81 versus $2.15 estimated by five analysts on average.
  • Revenues- Third-party midstream services revenues: $56.33 million versus the five-analyst average estimate of $53.1 million. The reported number represents a year-over-year change of +28.5%.
  • Revenues- Oil and natural gas revenues: $1.22 billion versus $1.06 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +50.8% change.
  • Revenues- Sales of purchased natural gas: $112.09 million versus the three-analyst average estimate of $59.63 million. The reported number represents a year-over-year change of +83.6%.

View all Key Company Metrics for Matador here>>>

Shares of Matador have returned +5.2% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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