Overview

• Matador Q3 2025 adjusted EPS beats analyst expectations

• Record Q3 production of 209,184 BOE per day, exceeding guidance by 5%

• Company repurchased 1.3 mln shares for $55 mln

Outlook

• Matador raises 2025 full-year production guidance to 205,500-206,500 BOE per day

• Company expects 2026 organic production of about 210,000 BOE per day

• Matador plans 8-12% lower total CapEx in 2026 compared to 2025

Result Drivers

• RECORD PRODUCTION - Matador achieved record production of 209,184 BOE per day, exceeding guidance by 5% due to operational efficiencies and well performance

• COST EFFICIENCIES - Drilling and completion costs were reduced to $855 per completed lateral foot, below guidance, due to operational efficiencies

• WELL PERFORMANCE - 34.5 net operated locations turned to sales, exceeding guidance by 15%, contributing to production growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

• Wall Street's median 12-month price target for Matador Resources Co is $62.00, about 30% above its October 20 closing price of $43.39

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBwbNrNc3a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)