Matador reports Q3 adjusted EPS $1.86, consensus $1.59

Reports Q3 revenue $772.294M, consensus $691.22M. Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, commented, “Matador achieved record results for the third quarter of 2023 due to the continued execution and teamwork by Matador’s staff, management team, Board of Directors, vendors, contractors and partners, among others. These results reflect our long-term approach to managing Matador’s business allowing for profitable growth at a measured pace, maintaining a strong balance sheet and returning value to our shareholders. We are pleased that this long-term approach is being increasingly recognized as Matador’s stock has been a top performer among our peer group over the last five years. In fact, Matador has significantly outperformed both the price of oil and the S&P Oil and Gas Exploration & Production Select Industry Index, or XOP Index, since our initial public offering in February 2012 and the acquisition of the Boros, Voni and Rodney Robinson leases from the Bureau of Land Management in 2018.”