NYSE$MTDR
Matador Resources Co · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Matador reported strong fourth-quarter earnings, achieving record production and financial performance.
Matador Resources achieved record quarterly production and revenue in Q4 2024. The company reported a 30% year-over-year increase in total oil-equivalent production and a 34% increase in oil production. Net income reached $214.5 million, with adjusted net income of $229.9 million. Free cash flow grew significantly, supporting a 25% dividend increase. Operational efficiencies and the integration of recent acquisitions contributed to improved financial performance.
- Record quarterly production of 201,116 BOE per day, a 30% increase from Q4 2023.
- Net income of $214.5 million and adjusted net income of $229.9 million.
- Adjusted free cash flow of $415.5 million, an increase from the previous quarter.
- Dividend increased by 25%, reflecting strong financial performance and cash flow generation.
Headline financials
Revenue & EPS history
Matador · Revenue · Quarterly
$970M
Revenue by segment
Matador · $70.3M total across 2 segments · Q3 2023
- Purchased Natural Gas Sales$40.3M-48.3%57.4%
- Third-party Midstream$29.9M+21.1%42.6%
Forward guidance
Matador expects continued production growth and financial strength in 2025, driven by operational efficiencies and increasing oil and gas production.
Tailwinds
- Projected increase in oil production to 120,000-124,000 barrels per day in 2025.
- Total production expected to reach 202,000-208,000 BOE per day.
- Significant cost reductions in drilling and completion expenses.
- Midstream business expected to grow with new infrastructure expansion.
- Strong cash flow expected to support further dividend increases.
Headwinds
- Potential price volatility in oil and natural gas markets.
- Higher capital expenditures due to increased drilling activity.
- Regulatory uncertainties affecting long-term expansion.
- Possible production disruptions from third-party midstream constraints.
- Higher operating expenses due to asset integrations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-0.6%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+2.1%
Avg return
30 days after
38%
21 / 56 earnings
Positive
+42.8%
Q1 2020
Best reaction
-14.9%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | +3.0% | -3.7% | |
| Q4 2025 | -1.4% | +7.1% | +29.5% | |
| Q3 2025 | -9.4% | -10.2% | -6.5% | |
| Q1 2025 | -0.2% | +0.4% | +6.3% | |
| Q4 2024 | -2.0% | -7.6% | -10.9% | |
| Q3 2024 | -0.1% | +2.0% | +18.4% | |
| Q2 2024 | -1.6% | -2.0% | -11.1% | |
| Q1 2024 | +0.9% | +1.4% | -7.1% | |
| Q4 2023 | +2.1% | +2.3% | +15.7% | |
| Q3 2023 | -3.7% | -5.3% | -8.5% | |
| Q2 2023 | -7.0% | -5.2% | +5.7% | |
| Q1 2023 | -6.9% | -3.5% | -9.7% | |
| Q4 2022 | -11.2% | -6.7% | -23.7% | |
| Q3 2022 | +2.1% | -1.2% | +0.0% | |
| Q2 2022 | +8.5% | +12.5% | +22.2% | |
| Q1 2022 | -2.2% | -4.4% | +13.8% | |
| Q4 2021 | -2.1% | -1.2% | +20.5% | |
| Q3 2021 | -2.6% | -6.6% | -0.8% | |
| Q2 2021 | +0.1% | -2.9% | -14.9% | |
| Q1 2021 | +9.6% | +5.1% | +23.1% | |
| Q4 2020 | +5.1% | +0.9% | +21.4% | |
| Q3 2020 | -14.9% | -13.6% | +40.7% | |
| Q2 2020 | +2.0% | -4.9% | +8.4% | |
| Q1 2020 | +42.8% | +40.6% | +59.0% | |
| Q4 2019 | -11.8% | -21.0% | -77.7% | |
| Q3 2019 | -1.3% | +3.1% | +3.1% | |
| Q2 2019 | -0.3% | -12.0% | -8.3% | |
| Q1 2019 | -6.3% | -1.1% | -16.5% | |
| Q4 2018 | +0.7% | -4.4% | +4.5% | |
| Q3 2018 | +0.3% | -2.5% | -20.9% | |
| Q2 2018 | -2.1% | -6.5% | -2.3% | |
| Q1 2018 | -5.1% | -0.3% | -19.2% | |
| Q4 2017 | -0.7% | +3.0% | -0.9% | |
| Q3 2017 | +4.9% | +6.8% | +0.6% | |
| Q2 2017 | -8.9% | -0.9% | -0.3% | |
| Q1 2017 | +3.1% | +11.4% | +8.2% | |
| Q4 2016 | -5.4% | -8.2% | -18.3% | |
| Q3 2016 | -2.3% | -5.2% | +20.7% | |
| Q2 2016 | +9.7% | +13.5% | +22.8% | |
| Q1 2016 | -10.1% | — | — | |
| Q4 2015 | +3.8% | — | — | |
| Q3 2015 | -1.1% | — | — | |
| Q2 2015 | -1.0% | — | — | |
| Q1 2015 | -4.1% | — | — | |
| Q4 2014 | +3.6% | — | — | |
| Q3 2014 | +2.3% | — | — | |
| Q2 2014 | -1.0% | — | — | |
| Q1 2014 | -7.0% | — | — | |
| Q4 2013 | +1.6% | — | — | |
| Q3 2013 | +1.2% | — | — | |
| Q2 2013 | +14.7% | — | — | |
| Q1 2013 | -1.8% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | +1.7% | — | — | |
| Q2 2012 | -3.3% | — | — | |
| Q1 2012 | -13.5% | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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