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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Oil and natural gas revenues $ 87,848 $ 99,054 $ 150,314 $ 177,986
Realized gain (loss) on derivatives 13,780 (2,913) 32,285 (4,756)
Unrealized loss on derivatives (23,532) (5,234) (32,090) (8,342)
Total revenues 78,096 90,907 150,509 164,888
Expenses        
Production taxes and marketing 10,258 9,116 17,308 15,122
Lease operating 14,950 11,704 27,996 21,055
Depletion, depreciation and amortization 51,768 31,797 98,239 55,827
Accretion of asset retirement obligations 132 123 244 241
Full-cost ceiling impairment 229,026 0 296,153 0
General and administrative 12,961 8,100 26,372 15,319
Total expenses 319,095 60,840 466,312 107,564
Operating (loss) income (240,999) 30,067 (315,803) 57,324
Other income (expense)        
Net loss on asset sales and inventory impairment 0 0 (97) 0
Interest expense (5,869) (1,616) (7,939) (3,012)
Interest and other income 502 409 886 447
Total other expense (5,367) (1,207) (7,150) (2,565)
(Loss) income before income taxes (246,366) 28,860 (322,953) 54,759
Income tax (benefit) provision        
Current 0 1,539   2,814
Deferred (89,350) 9,095 (115,740) 17,356
Total income tax (benefit) provision (89,350) 10,634 (115,740) 20,170
Net (loss) income (157,016) 18,226 (207,213) 34,589
Net income attributable to non-controlling interest in subsidiary (75) 0 (111) 0
Net (loss) income attributable to Matador Resources Company shareholders $ (157,091) $ 18,226 $ (207,324) $ 34,589
Earnings (loss) per common share        
Basic (in dollars per share) $ (1.89) $ 0.27 $ (2.65) $ 0.52
Diluted (in dollars per share) $ (1.89) $ 0.26 $ (2.65) $ 0.51
Weighted average common shares outstanding        
Basic (shares) 82,938 68,531 78,379 67,108
Diluted (shares) 82,938 69,220 78,379 67,771