Matador Resources Third Quarter 2024 Earnings: Beats Expectations

Matador Resources (NYSE:MTDR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$860.1m (up 20% from 3Q 2023).
• Net income: US$248.3m (down 5.9% from 3Q 2023).
• Profit margin: 29% (down from 37% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.99 (down from US$2.21 in 3Q 2023).

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

Matador Resources Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are down 2.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Matador Resources that you should be aware of.

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