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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Oil and natural gas revenues $ 113,764 $ 69,336 $ 228,611 $ 113,262
Third-party midstream services revenues 2,099 918 3,654 1,391
Realized gain (loss) on derivatives 558 2,465 (1,661) 9,528
Unrealized gain (loss) on derivatives 13,190 (26,625) 33,821 (33,464)
Total revenues 129,611 46,094 264,425 90,717
Expenses        
Production taxes, transportation and processing 12,875 10,556 24,682 18,459
Lease operating 16,040 12,183 31,797 26,695
Plant and other midstream services operating 2,942 1,061 5,283 2,088
Depletion, depreciation and amortization 41,274 31,248 75,266 60,170
Accretion of asset retirement obligations 314 289 614 552
Full-cost ceiling impairment 0 78,171 0 158,633
General and administrative 17,177 13,197 33,515 26,360
Total expenses 90,622 146,705 171,157 292,957
Operating income (loss) 38,989 (100,611) 93,268 (202,240)
Other income (expense)        
Net gain on asset sales and inventory impairment 0 1,002 7 2,067
Interest expense (9,224) (6,167) (17,679) (13,365)
Other income 1,922 29 1,991 124
Total other expense (7,302) (5,136) (15,681) (11,174)
Net income (loss) 31,687 (105,747) 77,587 (213,414)
Net income attributable to non-controlling interest in subsidiaries (3,178) (106) (5,094) (93)
Net income (loss) attributable to Matador Resources Company shareholders $ 28,509 $ (105,853) $ 72,493 $ (213,507)
Earnings (loss) per common share        
Basic (in dollars per share) $ 0.28 $ (1.15) $ 0.72 $ (2.40)
Diluted (in dollars per share) $ 0.28 $ (1.15) $ 0.72 $ (2.40)
Weighted average common shares outstanding        
Basic (shares) 100,211 92,346 100,005 88,826
Diluted (shares) 100,227 92,346 100,455 88,826