Overview

* Matador Q2 2025 production exceeds company guidance, achieving record levels

* Adjusted EPS and net income beat analyst expectations, per LSEG data

* Co raises full-year 2025 production guidance, maintaining capital expenditure forecasts

Outlook

* Matador raises 2025 production guidance to 200,000-205,000 BOE/d

* Company expects Q3 2025 production to decline slightly

* Matador anticipates lower cash tax payments in 2025

Result Drivers

* RECORD PRODUCTION - Achieved through outperformance of wells and existing production, exceeding company guidance

* MIDSTREAM EXPANSION - San Mateo's increased processing capacity supported strong free cash flow margin

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.53 $1.41

Adjusted (18

EPS Analysts

)

Q2 EPS $1.21

Q2 Beat $190.90 $185.10

Adjusted mln mln (16

Net Analysts

Income )

Q2 $132.70

Adjusted mln

Free

Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "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 ( MTDR ) is $63.00, about 20.9% above its July 21 closing price of $49.86

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

(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.)