Edition:
United States

Matador Resources Q4 Adjusted EPS $0.25


Wednesday, 21 Feb 2018 04:15pm EST 

Feb 21 (Reuters) - Matador Resources Co ::MPANY REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS AND PROVIDES OPERATIONAL UPDATE AND 2018 GUIDANCE.Q4 ADJUSTED EARNINGS PER SHARE $0.25.Q4 GAAP EARNINGS PER SHARE $0.35.‍ AVERAGE DAILY OIL PRODUCTION INCREASED 5 PERCENT SEQUENTIALLY TO ABOUT 24,700 BARRELS PER DAY IN Q4​.‍ AVERAGE DAILY OIL EQUIVALENT PRODUCTION INCREASED 4 PERCENT SEQUENTIALLY TO ABOUT 43,700 BOE PER DAY IN Q4​.SEES ‍2018 OIL PRODUCTION OF 9.7 MILLION TO 10.1 MILLION BARRELS​.SEES 2018 TOTAL OIL EQUIVALENT PRODUCTION OF 16.5 MILLION TO 17.3 MILLION BOE​.SEES ‍2018 MIDSTREAM CAPITAL EXPENDITURES OF $70 MILLION TO $90 MILLION.SEES ‍2018 ADJUSTED EBITDA, OF $425 MILLION TO $455 MILLION​.MATADOR RESOURCES - ‍ ANTICIPATES OIL PRODUCTION IN Q1 WILL BE RELATIVELY FLAT VERSUS Q4 OF 2017, BEFORE GROWING AGAIN IN SUBSEQUENT QTRS OF 2018​.‍ESTIMATES Q4 2018 AVERAGE DAILY OIL PRODUCTION BETWEEN 28,500 AND 29,500 BARRELS OF OIL PER DAY​.‍ANTICIPATES A SMALL DECLINE OF 3 TO 5% IN ITS NATURAL GAS PRODUCTION IN Q1 OF 2018, AS COMPARED TO Q4 OF 2017​.QTRLY ‍OIL AND NATURAL GAS REVENUES $165.1 MILLION VERSUS $94.8 MILLION.Q4 EARNINGS PER SHARE VIEW $0.23, REVENUE VIEW $148.7 MILLION -- THOMSON REUTERS I/B/E/S. 

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