Matador Resources Company (MTDR) Earnings
Matador Resources Company is expected to report next earnings on July 28, 2026 (in NaN days), with a consensus EPS estimate of $2.25. MTDR has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +19.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $1.24 | $1.53 | +23.4% | $672M | -22.9% |
| Feb 25, 2026 | $0.71 | $0.87 | +22.5% | $848M | +0.4% |
| Oct 21, 2025 | $1.22 | $1.36 | +11.5% | $915M | +10.7% |
| Jul 22, 2025 | $1.29 | $1.53 | +18.6% | $926M | +1.6% |
| Apr 23, 2025 | $1.78 | $1.99 | +11.8% | $1.0B | +4.4% |
| Feb 18, 2025 | $1.88 | $1.83 | -2.7% | $970M | +0.3% |
| Oct 22, 2024 | $1.72 | $1.89 | +9.9% | $860M | -14.0% |
| Jul 23, 2024 | $1.76 | $2.05 | +16.5% | $855M | +3.5% |
| Feb 20, 2024 | $1.78 | $1.99 | +11.8% | $832M | +3.9% |
| Jul 25, 2023 | $1.31 | $1.42 | +8.4% | $638M | -1.5% |
| Feb 21, 2023 | $1.95 | $2.08 | +6.7% | $707M | +9.4% |
| Oct 25, 2022 | $2.49 | $2.68 | +7.6% | $841M | +14.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Teamwork is strong and has improved over time, helping the company navigate challenges. - Production is up, capital spending is kept in check, and debt has been reduced. - The midstream business of San Mateo is valuable for flow assurance, operational control, and has opportunities like the Hubrinson deal moving away from negative Waha pricing. - The Woodford well is a new catalyst with positive expectations. - AI is being integrated into operations in various facets like production, completion, and drilling to enhance efficiencies.
Guidance
CapEx guidance for the first half is 55% to 60% of the budget. Second half CapEx will be down from the second quarter number. D&C per lateral foot leverage includes multi-well completions, Simul and TrimalFrac utilization, electric fleets, water recycling, shorter cycle times, vendor relationships, AI integration, etc.
Segment performance
Production is up, capital spending is kept in check or down a bit, debt has been reduced. The midstream business of San Mateo is a key asset with flow assurance and operational control. The Woodford well is a new development with potential inventory opportunity. Production growth, capital expenditure management, and debt reduction are key aspects with the midstream business playing a significant role in upstream efficiencies.
Risks & headwinds
Actual results could differ materially from forward-looking statements due to factors like oil price fluctuations and changes in the business environment. Potential missteps in implementing new technologies like AI if not controlled properly.
Analyst Q&A
Q: Historically production growth was higher, how is growth this year influenced by macro environment and capital spend?
A: Management is nimble, considering macro environment, keeping emphasis on production, debt reduction, and controlled capital spend, with collaborative effort with department heads.
Q: Opportunity to continue pulling forward activities and add to growth?
A: First quarter outperformance was buoyed by wells turned online and activity acceleration, efficiencies will continue, but early to judge full-year impact.
Q: Update on San Mateo?
A: Midstream is valuable, thought of taking it public, Hubrinson deal helps move away from negative Waha pricing, water recycling and field gas use provide savings and advantages.
Q: Detail on Woodford well?
A: Encouraging expectations, well drilled and cased, completion ongoing, land team and geoscience team involved, no current count in inventory.
Q: CapEx cadence for second half?
A: 55% to 60% first half guidance intact, second half will be down from second quarter, early to precise cadence.
Q: D&C per lateral foot leverage?
A: Levers include multi-well completions, Simul and TrimalFrac, electric fleets, water recycling, shorter cycle times, vendor relationships, AI integration.
Q: AI implementation in operations?
A: AI integrated in production, completion, drilling, with data monitoring, real-time operation monitoring, and targeting in lateral to enhance efficiencies.