Matador: Q4 Earnings Snapshot

Associated Press Finance
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DALLAS (AP) — DALLAS (AP) — Matador Resources Co. (MTDR) on Tuesday reported fourth-quarter profit of $254.5 million.

The Dallas-based company said it had profit of $2.12 per share. Earnings, adjusted for non-recurring gains, were $1.99 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.

The independent oil and gas company posted revenue of $836.1 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $770.4 million.

For the year, the company reported profit of $846.1 million, or $7.05 per share. Revenue was reported as $2.81 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTDR at https://www.zacks.com/ap/MTDR

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