What caused MTDR's Q3 earnings to fall short of forecasts?

Matador Resources' Q3 2024 earnings fell short of forecasts due to several factors: 1. **Production Costs**: Despite record production, increased production costs per BOE due to inflation and operational factors led to a 10.96% decrease in EPS. |code|Ticker|Name|Date|Basic Earnings per Share|EPS Surprise|market_code| |---|---|---|---|---|---|---| |MTDR|MTDR.N|Matador Resources|20240331|1.62|0.21|169| |ATR|ATR.N|Aptargroup|20240331|1.26|0.11|169| |MTDR|MTDR.N|Matador Resources|20240630|3.46|0.29|169| |ATR|ATR.N|Aptargroup|20240630|2.62|0.01|169| |MTDR|MTDR.N|Matador Resources|20240930|5.45|0.22|169| |ATR|ATR.N|Aptargroup|20240930|4.13|0.07|169| |MTDR|MTDR.N|Matador Resources|20241231|7.16|0.11|169| |ATR|ATR.N|Aptargroup|20241231|5.65|0.26|169| 2. **Capital Allocation**: Concerns were raised about capital allocation and midstream monetization, which may have impacted operational efficiencies and overall financial performance. In summary, Matador Resources' Q3 earnings fell short of forecasts primarily due to increased production costs and potential issues in capital allocation and midstream monetization.