Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Matador Resources Company (MTDR)
NYSE:MTDR
Holding MTDR?
Track your performance easily
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.87Last Year’s EPS
$1.99Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 22, 2024
|% Change Since: 4.94%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with successful integration of acquisitions, increased production, and operational efficiencies. However, challenges with higher operating expenses for newly acquired assets present some concerns. The sentiment is balanced by strong performance in the midstream segment and strategic focus on future inventory.Company Guidance
During the Matador Resources Company's Q3 2024 earnings call, several key metrics and guidance points were discussed. The company highlighted the successful integration of the Ameredev acquisition, which contributed to a production increase to 31,500 BOE per day for the last 13 days of the quarter, exceeding initial expectations. The company also achieved an 8% reduction in drilling and completion costs per lateral foot, down to $930. Looking ahead to 2025, Matador expects to maintain its 9-rig program, projecting over 200,000 BOE per day in production. While capital expenditures are anticipated to be slightly higher than the $1.25 billion spent in 2024, the company plans to continue focusing on profitable growth and maintaining leverage below 1x. Additionally, the midstream segment reported record throughput and EBITDA, with infrastructure capital expected to decrease as the system nears full build-out.Successful Integration of Ameredev Acquisition
The Ameredev acquisition is being integrated ahead of schedule and performing better than expected, contributing positively to the company's overall performance.
Increased Production from Ameredev Assets
The Ameredev assets increased production from 26,000 barrels per day to 31,500 barrels per day in the last 13 days of the quarter, driven by new Tea Olive wells performing better than projections.
Efficiency Gains in Drilling and Completion Costs
The company reduced drilling and completion costs per lateral foot by 8% from January estimates, achieving $930 per foot due to operational efficiencies.
Record EBITDA for San Mateo
San Mateo achieved record EBITDA with significant throughput increases in water and gas gathering, reflecting strong performance in the midstream segment.
---
MTDR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
MTDR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $50.12 | $50.54 | +0.84% |
| Jul 23, 2024 | $60.44 | $61.20 | +1.26% |
| Apr 23, 2024 | $64.43 | $64.57 | +0.22% |
| Feb 20, 2024 | $57.90 | $59.69 | +3.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Matador Resources Company (MTDR) report earnings?
Matador Resources Company (MTDR) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Matador Resources Company (MTDR) earnings time?
Matador Resources Company (MTDR) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTDR EPS forecast?
MTDR EPS forecast for the fiscal quarter 2024 (Q4) is $1.87.
---