Matador Resources Q2 2023 Earnings : Matador Resources (MTDR) Q2 2023 Earnings Report: Key Numbers and Analysis. On August 11, 2023, stock analyst Zacks Equity Research issued a study. Read the report in 2 minutes. It’s GMT+5:30.
MTDR reported its Q2 2023 profits. Sales were $638.08 million, down 32.4% from the previous year. Quarterly profits per share (EPS) were $1.42, down from $3.47 the previous year.
Sales of $638.08 million were below expectations. The surprise was -0.40%. Matador Resources beat expectations with 10.94% EPS. The average EPS was $1.28.
Key Measurements:
Sales and profits fluctuating over the year are crucial indicators, but there are additional measurements that might reveal a company’s financial health and stock price. These metrics, plus previous years’ and experts’ predictions, may help you anticipate the stock’s price.
Performance Metrics: Let’s examine Matador Resources’ second-quarter 2023 performance based on Wall Street financial gurus’ key metrics:
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Daily oil and gas production is 130,683 barrels of oil equivalent. This exceeds the average of 127,799.1 barrels of oil equivalent per day projected by six experts.
Net Daily Production Volumes are 76,345 barrels of oil per day. Five experts anticipated 76,173.7 barrels per day.
Three hundred twenty-six million cubic feet of natural gas are generated daily, above the average 309.03 million projected by five experts.
Oil prices without realized derivatives average $73.46, more than the $72.77 four experts predicted.
Natural gas sales without derivatives average $2.61. Four experts predicted $2.9.
Oil derivative sales average $73.46. Both experts predicted $72.81.
Two experts predicted $2.7, but natural gas sales with realized derivatives averaged $2.51.
Third-party pipeline services earned $30.10 million. 37.5% greater than the previous year. Four experts projected $26.68 million, but it was greater.
Oil and gas sales generated $587.90 million. Earnings are 34.2% lower than the previous year. Three experts projected $528.54 million, but it was higher.
Two experts expected $53.79 million from selling natural gas, but it only generated $31.90 million.
Market performance and prospects:
Matador’s stock rose 13.6% last month, outperforming the Zacks S&P 500’s 4.9%. However, its Zacks Rank #5 (Strong Sell) predicts it may underperform the market in the near future.
This is a rewrite of a July 25, 2023 article. Zacks Investment Research recommends the “7 Best Stocks for the Next 30 Days” report. Zacks Equity Research completed extensive research and analysis for this item. Zacks.com provides Matador Resources Company (MTDR) research.
Our Reader’s Queries
What is the annual revenue of Matador Resources?
Matador Resources experienced a decline in revenue for the twelve months ending September 30, 2023, with a year-over-year decrease of 8.19%. However, the company saw a significant increase in annual revenue for 2022, with a whopping 83.89% increase from the previous year. In 2021, Matador Resources also experienced a substantial increase in annual revenue, with a 92.89% increase from 2020.
Is Matador Resources a good investment?
Matador Resources Company appears to be undervalued based on its valuation metrics. With a Value Score of B, it could be a wise choice for value investors. Additionally, MTDR’s financial health and growth prospects suggest that it has the potential to outperform the market, as evidenced by its Growth Score of B.
What are the earnings for Matador Q3?
Matador Resources has exceeded expectations with their Q3 earnings report, boasting a record production and adjusted earnings of $1.86 per share. This impressive feat has surpassed the Zacks Consensus Estimate of $1.59. Although the bottom line has decreased from the previous year’s quarter level of $2.68, Matador Resources continues to demonstrate their strength and resilience in the industry.
How many employees does Matador Resources have?
Matador Resources saw a slight dip in their employee count in 2021, with a total of 286 individuals on their team. This represents a 0.69% decrease from the previous year.