Matador Resources ahead of earnings: what investors should watch in MTDR

what happened

Oil and gas producer Matador Resources will report financial results on Tuesday after the market closes. According to StockStory, last quarter revenue came in at $1.19 billion, up 32.5% year on year, and both earnings per share and EBITDA beat analyst estimates. Daily oil production grew 2.6% year on year.

The market expects revenue this quarter to rise 17.4% year on year, a faster pace than the 4.4% increase in the same quarter last year. Analysts have broadly reconfirmed their estimates over the past 30 days. Still, Matador has missed Wall Street revenue forecasts several times over the last two years. Among peers in the upstream and integrated segment, Cactus reported revenue growth of 63.2% and its shares rose 1.8% after the results. Expand Energy posted revenue up 11.6%, but its stock fell 3.2%. Matador shares have gained 14.3% over the past month, and the average analyst price target stands at $71.10 against a current share price of $60.58.

why it matters

Results from mid-sized US oil producers serve as a gauge of output trends and revenue momentum across the sector. Matador is a relatively small player, so its report is unlikely to move the broader oil market, though it may set the tone for similar companies.

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