Matador reports Q1 adjusted EPS $1.71, consensus $1.50

Average production of 149,760 BOE per day. Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, commented, “Matador is pleased to report another quarter that exceeded our original expectations due to the excellent operational and financial execution by the Matador team. This outcome reflects a total team effort and a long-term approach to managing Matador’s business that has resulted in Matador outperforming the S&P 500, our peer group and the price of crude oil over the last three years. Going forward, we remain focused-as a team-on profitable growth at a measured pace, which has resulted in over 30% oil production growth annually since we became a public company in 2012. Our Board, executive team and staff are increasingly excited about the outlook for the remainder of 2024 and beyond, as we continue to work together to build the value of Matador for our shareholders and other interest owners.”