Matador Resources Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Matador Resources (NYSE:MTDR) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.48b (up 33% from FY 2023).
• Net income: US$885.3m (up 4.6% from FY 2023).
• Profit margin: 25% (down from 32% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$7.17 (up from US$7.10 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Matador Resources Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's share price is broadly unchanged from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Matador Resources could be a good place to look. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.