Matador (MTDR) Beats on Q2 Earnings, Ups '24 Output Guidance
MTDRMatador Resources(MTDR) ZACKS·2024-07-25 01:05

Matador Resources Company (MTDR) reported second-quarter 2024 adjusted earnings of 2.05pershare,whichbeattheZacksConsensusEstimateof2.05 per share, which beat the Zacks Consensus Estimate of 1.75. The bottom line also improved from the year-ago quarter’s 1.42.Totalquarterlyrevenuesof1.42.Total quarterly revenues of 847.1 million beat the Zacks Consensus Estimate of 817million.Thetoplinealsoincreasedfromtheyearagoquarters817 million. The top line also increased from the year-ago quarter’s 638.1 million.Strong second-quarter results were aided by Matador’s high total production volume, along with an increase in the realized price of o ...