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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.36 $1.26

Adjusted (18

EPS Analysts

)

Q3 EPS $1.42

Q3 Miss $169.30 $169.49

Adjusted mln mln (15

Net Analysts

Income )

Q3 $93.40

Adjusted mln

Free

Cash

Flow

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 ( MTDR ) 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:

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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.)