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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Revenues $ 234,382 $ 212,426 $ 450,720 $ 397,448
Realized gain (loss) on derivatives 1,165 (2,488) 4,435 (6,746)
Unrealized gain (loss) on derivatives 6,157 1,429 (39,562) 11,845
Total revenues 241,704 211,367 415,593 402,547
Expenses        
Production taxes, transportation and processing 21,542 20,110 41,207 37,901
Lease operating 26,351 25,006 57,514 47,154
Purchased natural gas 8,172 0 18,806 0
Depletion, depreciation and amortization 80,132 66,838 156,999 122,207
Accretion of asset retirement obligations 420 375 834 739
General and administrative 19,876 19,369 38,166 37,295
Total expenses 164,915 137,374 331,264 255,192
Operating income 76,789 73,993 84,329 147,355
Other income (expense)        
Inventory impairment (368) 0 (368) 0
Interest expense (18,068) (8,004) (35,997) (16,495)
Other expense (423) (352) (532) (299)
Total other expense (18,859) (8,356) (36,897) (16,794)
Income before income taxes 57,930 65,637 47,432 130,561
Income tax provision        
Deferred 12,858 0 11,845 0
Total income tax provision 12,858 0 11,845 0
Net income 45,072 65,637 35,587 130,561
Net income attributable to non-controlling interest in subsidiaries 8,320 5,831 15,782 10,861
Net income attributable to Matador Resources Company shareholders $ 36,752 $ 59,806 $ 19,805 $ 119,700
Earnings per common share        
Basic (in dollars per share) $ 0.32 $ 0.53 $ 0.17 $ 1.08
Diluted (in dollars per share) $ 0.31 $ 0.53 $ 0.17 $ 1.08
Weighted average common shares outstanding        
Basic (shares) 116,571 112,706 116,469 110,809
Diluted (shares) 116,903 113,056 116,839 111,280
Oil and natural gas revenues        
Revenues        
Revenues $ 211,060 $ 209,019 $ 404,329 $ 390,973
Third-party midstream services revenues        
Revenues        
Revenues 14,359 3,407 26,197 6,475
Expenses        
Plant and other midstream services operating 8,422 5,676 17,738 9,896
Sales of purchased natural gas        
Revenues        
Revenues $ 8,963 $ 0 $ 20,194 $ 0