Matador Resources (MTDR) Q2 Results - July 25

[dan_s]

Second Quarter 2023 Matador Operational and Financial Highlights
(for comparisons to last year, please see the remainder of this press release)

Average production of 130,683 BOE per day (76,345 barrels of oil per day) < Beat my forecast of 126,000 Boepd.

Net cash provided by operating activities of $449.0 million

Adjusted Free Cash Flow of $77.7 million < Matador should generate a lot more FCF in Q3 and Q4.

Net income of $164.7 million, or $1.37 per diluted common share

Adjusted net income of $170.1 million, or adjusted earnings of $1.42 per diluted common share < Beat my forecast of $167.4 million.

Adjusted EBITDA of $423.3 million

San Mateo net income of $25.4 million

San Mateo Adjusted EBITDA of $42.7 million

D/C/E capital expenditures of $309.6 million

Midstream capital expenditures of $11.7 million
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Good quarter from one of the most Aggressive Growth companies in the Sweet 16.

[Fraser921]

MTDR on sale today

I established a position so that was the kiss of death

Conf Call 11 est

slide deck

https://www.matadorresources.com/static-files/b6d2efa8-5e2a-4675-be92-ecabee7aad0b

One thing I noted was q2 realized oil was 73.46. Current Aug price is 79.40. Q3 will be good and this name is mostly oil

[Cliff_N]

Beat EPS and Revenue this quarter and has beat estimates for the last 4 quarters and gets a 6% beat down so far this AM. SMH.