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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Oil and natural gas revenues $ 134,948 $ 83,079 $ 363,559 $ 196,341
Third-party midstream services revenues 3,218 1,566 6,871 2,956
Realized gain (loss) on derivatives 485 885 (1,176) 10,413
Unrealized (loss) gain on derivatives (12,372) 3,203 21,449 (30,261)
Total revenues 126,279 88,733 390,703 179,449
Expenses        
Production taxes, transportation and processing 15,666 12,388 40,348 30,846
Lease operating 16,689 14,605 48,486 41,300
Plant and other midstream services operating 3,096 1,449 8,379 3,537
Depletion, depreciation and amortization 47,800 30,015 123,066 90,185
Accretion of asset retirement obligations 323 276 937 828
Full-cost ceiling impairment 0 0 0 158,633
General and administrative 16,156 13,146 49,671 39,506
Total expenses 99,730 71,879 270,887 364,835
Operating income (loss) 26,549 16,854 119,816 (185,386)
Other income (expense)        
Net gain on asset sales and inventory impairment 16 1,073 23 3,140
Interest expense (8,550) (6,880) (26,229) (20,244)
Other (expense) income (36) (141) 1,956 (17)
Total other expense (8,570) (5,948) (24,250) (17,121)
Income (loss) before income taxes 17,979 10,906 95,566 (202,507)
Current 0 (1,141)   (1,141)
Total income tax benefit 0 (1,141) 0 (1,141)
Net income (loss) 17,979 12,047 95,566 (201,366)
Net income attributable to non-controlling interest in subsidiaries (2,940) (116) (8,034) (209)
Net income (loss) attributable to Matador Resources Company shareholders $ 15,039 $ 11,931 $ 87,532 $ (201,575)
Earnings (loss) per common share        
Basic (in dollars per share) $ 0.15 $ 0.13 $ 0.87 $ (2.24)
Diluted (in dollars per share) $ 0.15 $ 0.13 $ 0.87 $ (2.24)
Weighted average common shares outstanding        
Basic (shares) 100,365 93,384 100,141 90,016
Diluted (shares) 100,504 93,724 100,580 90,016