XML 56 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Oil and natural gas revenues $ 71,815 $ 96,617 $ 222,128 $ 274,605
Realized gain (loss) on derivatives 19,862 (701) 52,146 (5,458)
Unrealized gain (loss) on derivatives 6,733 16,293 (25,356) 7,950
Total revenues 98,410 112,209 248,918 277,097
Expenses        
Production taxes and marketing 9,291 8,617 26,598 23,739
Lease operating 14,917 13,691 42,912 34,747
Depletion, depreciation and amortization 45,237 35,143 143,477 90,970
Accretion of asset retirement obligations 182 130 427 371
Full-cost ceiling impairment 285,721 0 581,874 0
General and administrative 12,151 8,099 38,523 23,417
Total expenses 367,499 65,680 833,811 173,244
Operating (loss) income (269,089) 46,529 (584,893) 103,853
Other income (expense)        
Net loss on asset sales and inventory impairment 0 0 (97) 0
Interest expense (7,229) (673) (15,168) (3,685)
Interest and other income 999 267 1,885 715
Total other expense (6,230) (406) (13,380) (2,970)
(Loss) income before income taxes (275,319) 46,123 (598,273) 100,883
Income tax (benefit) provision        
Current (295) (156) (295) 2,658
Deferred (33,010) 16,660 (148,750) 34,017
Total income tax (benefit) provision (33,305) 16,504 (149,045) 36,675
Net (loss) income (242,014) 29,619 (449,228) 64,208
Net income attributable to non-controlling interest in subsidiary (45) 0 (156) 0
Net (loss) income attributable to Matador Resources Company shareholders $ (242,059) $ 29,619 $ (449,384) $ 64,208
Earnings (loss) per common share        
Basic (in dollars per share) $ (2.86) $ 0.40 $ (5.58) $ 0.93
Diluted (in dollars per share) $ (2.86) $ 0.40 $ (5.58) $ 0.92
Weighted average common shares outstanding        
Basic (shares) 84,685 73,341 80,481 69,185
Diluted (shares) 84,685 74,028 80,481 69,879