Matador reports Q4 adjusted EPS $1.99, consensus $1.78

Reports Q4 revenue $836.132M, consensus $800.91M. Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, noted, “Matador achieved another record quarter in the fourth quarter of 2023, which was another strong finish to yet another record year. Matador not only produced a record amount of oil and natural gas through strong well performance during the fourth quarter of 2023 but also steadily decreased costs during the quarter, resulting in better-than-expected free cash flow per share. We used this higher free cash flow to repay borrowings under our credit facility, make profitable investments in our oil and natural gas properties and our midstream business and pay a steadily increasing fixed dividend to our shareholders. “