DALLAS (AP) — DALLAS (AP) — Matador Resources Co. (MTDR) on Tuesday reported third-quarter net income of $248.3 million.
The Dallas-based company said it had profit of $1.99 per share. Earnings, adjusted for non-recurring gains, came to $1.89 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.
The independent oil and gas company posted revenue of $899.8 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $839.5 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
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