PXD - Range Laredo Matador - a story in three energy mid cap releases

After the close Tuesday, Range (NYSE:RRC), Laredo (NYSE:LPI) and Matador (NYSE:MTDR) released Q4 earnings results. The results and subsequent share price reactions tell an interesting story.  Matador (MTDR) posted the best Q4 results, beating Street EPS estimates by 17%. The Company guided production up 17% sequentially, and capex up 32% year on year. The dividend yield remained sub 1%, and the Company released no plans for share repurchases.  Laredo (LPI) results came in next best, beating Street EPS by 4% . The Company guided 2022 production below Q4 2021 levels, and increased capex 18% year on year. There was no dividend or share repurchase announcement, as the Company focuses on reducing debt.  Range (RRC) actually missed Q4 estimates, though only by ~1%. The Company guided production effectively flat year on year, on the back of a 14% increase in capex. The dividend remains relatively modest, though the Company announced a surprise

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Range, Laredo, Matador - a story in three energy mid cap releases