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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Oil and natural gas revenues $ 114,847 $ 43,926
Third-party midstream services revenues 1,555 473
Realized (loss) gain on derivatives (2,219) 7,063
Unrealized gain (loss) on derivatives 20,631 (6,839)
Total revenues 134,814 44,623
Expenses    
Production taxes, transportation and processing 11,807 7,902
Lease operating 15,758 14,511
Plant and other midstream services operating 2,341 1,027
Depletion, depreciation and amortization 33,992 28,923
Accretion of asset retirement obligations 300 264
Full-cost ceiling impairment 0 80,462
General and administrative 16,338 13,163
Total expenses 80,536 146,252
Operating income (loss) 54,278 (101,629)
Other income (expense)    
Net gain on asset sales and inventory impairment 7 1,065
Interest expense (8,455) (7,197)
Other income 70 94
Total other expense (8,378) (6,038)
Net income (loss) 45,900 (107,667)
Net (income) loss attributable to non-controlling interest in subsidiaries (1,916) 13
Net income (loss) attributable to Matador Resources Company shareholders $ 43,984 $ (107,654)
Earnings (loss) per common share    
Basic (in dollars per share) $ 0.44 $ (1.26)
Diluted (in dollars per share) $ 0.44 $ (1.26)
Weighted average common shares outstanding    
Basic (shares) 99,799 85,305
Diluted (shares) 100,298 85,305