DALLAS (AP) — DALLAS (AP) — Matador Resources Co. (MTDR) on Tuesday reported third-quarter profit of $176.4 million.
The Dallas-based company said it had profit of $1.42 per share. Earnings, adjusted for non-recurring gains, came to $1.36 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The independent oil and gas company posted revenue of $939 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $883.4 million.
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