Matador Resources (MTDR)
NYSE:MTDR
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Earnings Data
Report Date
Jul 28, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.02Last Year’s EPS
1.53Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive tone: operational outperformance, meaningful efficiency gains (faster cycle times, D&C cost targets ~6% below prior year), strong midstream strategic value (San Mateo) and tangible cost savings (field gas ~$100k/well), plus a large multi-year inventory base with high expected returns. Key near-term risks noted include macro/price volatility, regional basis (negative Waha) exposure until takeaway catalysts fully mitigate it, and uncertainty around back-half capital cadence and Woodford well results. Overall, positives (production growth, efficiency gains, midstream value, water recycling, and disciplined capital allocation) materially outweigh the documented lowlights.Company Guidance
Production Growth and Strong Balance Sheet
Management reported production is up in Q1 and stated that debt has been reduced and the balance sheet is the strongest in company history; market capitalization mentioned around $8 billion, positioning the company to meet challenges and optionality for measured growth.
Large Inventory with High Returns
Company cited 10 to 15 years of inventory with expected returns of ~50% or better at various commodity prices, providing long-term development optionality and limited inventory scarcity risk.
Midstream (San Mateo) Strategic Value and Takeaway Catalyst
San Mateo midstream assets delivered operational and financial benefits (flow assurance, water/gas/oil pipelines). The Hubrinson takeaway catalyst is expected to shift volumes away from negative Waha pricing to Henry Hub, potentially improving realized pricing by approximately $0.50/mmbtu and materially benefiting gas economics.
Operational Efficiency and Faster Cycle Times
Operational improvements drove outperformance: two additional net wells turned online in Q1; average cycle times improved ~13% year-over-year; three-mile laterals drilled in under 16 days (a ~40% improvement vs. 2025). Management expects continued efficiency-driven production gains.
D&C Cost Targets and Levers for Improvement
Full-year D&C per lateral foot guidance of $785–$805 (about 6% below 2025). Levers include multi-well completions, Simul/TrimalFrac, ~90% reduction in diesel via electric fleets, increased water recycling, vendor relationships, and AI/MaxComm integration.
Water Recycling and CapEx/OpEx Benefits
Approximately 30% of water volumes in Q1 were sourced from San Mateo assets; company reported over 70% of water usage coming from recycled sources in 2026 and commenced construction of a new water recycling facility to yield upstream CapEx savings and midstream revenue growth. Using field gas for fracs saves an average of $100,000 per well versus trucked compressed natural gas.
Disciplined Capital Allocation and CapEx Cadence
Company maintained its February guidance that ~55%–60% of the capital budget will be spent in the first half of the year. About 50% of turns-in-line are expected in H1, with Q3 and Q4 anticipated to be down from Q2 levels, reflecting disciplined, measured growth.
Technology & AI Integration Driving Performance
Expanded AI-driven analytics and MaxComm usage: the control room ingests over ~40 million data points per day to reduce downtime and optimize completions/drilling; the company reported 36+ operational records this quarter tied to MaxComm and AI use.
Woodford Exploration Upside
Drilled and cased first Woodford well with completions ongoing; management views the Woodford as a significant catalyst and potential upside, noting the land position is not currently counted in reserves or lease inventory.
MTDR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MTDR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $57.37 | $55.20 | -3.79% |
Feb 24, 2026 | $49.81 | $49.04 | -1.54% |
Oct 21, 2025 | $42.87 | $38.74 | -9.63% |
Jul 22, 2025 | $49.39 | $48.82 | -1.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Matador Resources (MTDR) report earnings?
Matador Resources (MTDR) is schdueled to report earning on Jul 28, 2026, After Close (Confirmed).
What is Matador Resources (MTDR) earnings time?
Matador Resources (MTDR) earnings time is at Jul 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is MTDR EPS forecast?
MTDR EPS forecast for the fiscal quarter 2026 (Q2) is 2.02.