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Compared to Estimates, Matador (MTDR) Q3 Earnings: A Look at Key Metrics

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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 compares to the Zacks Consensus Estimate of $966.99 million, representing a surprise of +26.38%. The company delivered an EPS surprise of +14.92%, with the consensus EPS estimate being $1.81.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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 versus 572.39 millions of cubic feet per day estimated by nine analysts on average.
  • 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 compared to the $74.00 average estimate based on six analysts.
  • Average Sales Prices - Oil without realized derivatives: $87.25 versus the five-analyst average estimate of $85.94.
  • Average Sales Prices - Natural gas without realized derivatives: $2.99 versus the five-analyst average estimate of $2.31.
  • 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 compared to the $53.1 million average estimate based on five analysts. The reported number represents a change of +28.5% year over year.
  • 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 $59.63 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +83.6% change.

View all Key Company Metrics for Matador here>>>

Shares of Matador have returned -7.1% over the past month versus the Zacks S&P 500 composite's -5.6% 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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