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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Oil and natural gas revenues $ 209,019 $ 113,764 $ 390,973 $ 228,611
Third-party midstream services revenues 3,407 2,099 6,475 3,654
Realized (loss) gain on derivatives (2,488) 558 (6,746) (1,661)
Unrealized gain on derivatives 1,429 13,190 11,845 33,821
Total revenues 211,367 129,611 402,547 264,425
Expenses        
Production taxes, transportation and processing 20,110 12,875 37,901 24,682
Lease operating 25,006 16,040 47,154 31,797
Plant and other midstream services operating 5,676 2,942 9,896 5,283
Depletion, depreciation and amortization 66,838 41,274 122,207 75,266
Accretion of asset retirement obligations 375 314 739 614
General and administrative 19,369 17,177 37,295 33,515
Total expenses 137,374 90,622 255,192 171,157
Operating income 73,993 38,989 147,355 93,268
Other income (expense)        
Net gain on asset sales and inventory impairment 0 0 0 7
Interest expense (8,004) (9,224) (16,495) (17,679)
Other (expense) income (352) 1,922 (299) 1,991
Total other expense (8,356) (7,302) (16,794) (15,681)
Net income 65,637 31,687 130,561 77,587
Net income attributable to non-controlling interest in subsidiaries 5,831 3,178 10,861 5,094
Net income attributable to Matador Resources Company shareholders $ 59,806 $ 28,509 $ 119,700 $ 72,493
Earnings per common share        
Basic (in dollars per share) $ 0.53 $ 0.28 $ 1.08 $ 0.72
Diluted (in dollars per share) $ 0.53 $ 0.28 $ 1.08 $ 0.72
Weighted average common shares outstanding        
Basic (shares) 112,706 100,211 110,809 100,005
Diluted (shares) 113,056 100,227 111,280 100,455