DALLAS (AP) — DALLAS (AP) — Matador Resources Co. (MTDR) on Wednesday reported second-quarter earnings of $390.7 million.
The Dallas-based company said it had profit of $3.15 per share. Earnings, adjusted for non-recurring gains, were $2.61 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.
The independent oil and gas company posted revenue of $1.19 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $942.7 million.
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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
