04:56 PM EDT, 04/23/2024 (MT Newswires) -- Matador Resources ( MTDR ) reported Q1 adjusted earnings late Tuesday of $1.71 per diluted share, up from $1.50 a year earlier.

Analysts polled by Capital IQ expected $1.55.

Revenue in the quarter ended March 31 rose to $787.7 million from $560.3 million a year earlier.

Analysts surveyed by Capital IQ expected $734.3 million.

Shares of the company rose 2% in after-hours trading.