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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Oil and natural gas revenues $ 83,079 $ 71,815 $ 196,341 $ 222,128
Third-party midstream services revenues 1,566 569 2,956 1,384
Realized gain on derivatives 885 19,862 10,413 52,146
Unrealized gain (loss) on derivatives 3,203 6,733 (30,261) (25,356)
Total revenues 88,733 98,979 179,449 250,302
Expenses        
Production taxes, transportation and processing 12,388 9,426 30,846 26,734
Lease operating 14,605 13,466 41,300 40,140
Plant and other midstream services operating 1,449 1,450 3,537 2,772
Depletion, depreciation and amortization 30,015 45,237 90,185 143,477
Accretion of asset retirement obligations 276 182 828 427
Full-cost ceiling impairment 0 285,721 158,633 581,874
General and administrative 13,146 12,151 39,506 38,523
Total expenses 71,879 367,633 364,835 833,947
Operating income (loss) 16,854 (268,654) (185,386) (583,645)
Other income (expense)        
Net gain (loss) on asset sales and inventory impairment 1,073 0 3,140 (97)
Interest expense (6,880) (7,229) (20,244) (15,168)
Other (expense) income (141) 564 (17) 637
Total other expense (5,948) (6,665) (17,121) (14,628)
Income (loss) before income taxes 10,906 (275,319) (202,507) (598,273)
Income tax (benefit) provision        
Current (1,141) (295) (1,141) (295)
Deferred 0 (33,010)   (148,750)
Total income tax benefit (1,141) (33,305) (1,141) (149,045)
Net income (loss) 12,047 (242,014) (201,366) (449,228)
Net income attributable to non-controlling interest in subsidiaries (116) (45) (209) (156)
Net income (loss) attributable to Matador Resources Company shareholders $ 11,931 $ (242,059) $ (201,575) $ (449,384)
Earnings (loss) per common share        
Basic (in dollars per share) $ 0.13 $ (2.86) $ (2.24) $ (5.58)
Diluted (in dollars per share) $ 0.13 $ (2.86) $ (2.24) $ (5.58)
Weighted average common shares outstanding        
Basic (shares) 93,384 84,685 90,016 80,481
Diluted (shares) 93,724 84,685 90,016 80,481