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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Revenues $ 264,498 $ 223,091 $ 715,218 $ 620,539
Lease bonus - mineral acreage 1,711 0 1,711 0
Realized gain (loss) on derivatives 3,346 5,424 7,781 (1,322)
Unrealized gain (loss) on derivatives 9,847 (21,337) (29,715) (9,492)
Total revenues 279,402 207,178 694,995 609,725
Expenses        
Production taxes, transportation and processing 24,762 20,215 65,969 58,116
Lease operating 29,714 22,531 87,228 69,685
Purchased natural gas 16,608 0 35,414 0
Depletion, depreciation and amortization 92,498 70,457 249,497 192,664
Accretion of asset retirement obligations 520 387 1,354 1,126
General and administrative 20,381 18,444 58,547 55,739
Total expenses 193,300 139,325 524,564 394,517
Operating income 86,102 67,853 170,431 215,208
Other income (expense)        
Net loss on asset sales and inventory impairment (439) (196) (807) (196)
Interest expense (18,175) (10,340) (54,172) (26,835)
Prepayment premium on extinguishment of debt 0 (31,226) 0 (31,226)
Other expense (245) (976) (777) (1,275)
Total other expense (18,859) (42,738) (55,756) (59,532)
Income before income taxes 67,243 25,115 114,675 155,676
Income tax provision        
Deferred 13,490 0 25,335 0
Total income tax provision 13,490 0 25,335 0
Net income 53,753 25,115 89,340 155,676
Net income attributable to non-controlling interest in subsidiaries 9,800 7,321 25,582 18,182
Net income attributable to Matador Resources Company shareholders $ 43,953 $ 17,794 $ 63,758 $ 137,494
Earnings per common share        
Basic (in dollars per share) $ 0.38 $ 0.15 $ 0.55 $ 1.22
Diluted (in dollars per share) $ 0.38 $ 0.15 $ 0.54 $ 1.21
Weighted average common shares outstanding        
Basic (shares) 116,643 116,358 116,541 112,659
Diluted (shares) 116,976 116,912 116,994 113,208
Oil and natural gas revenues        
Revenues        
Revenues $ 229,377 $ 216,282 $ 633,706 $ 607,255
Third-party midstream services revenues        
Revenues        
Revenues 15,257 6,809 41,454 13,284
Expenses        
Plant and other midstream services operating 8,817 7,291 26,555 17,187
Sales of purchased natural gas        
Revenues        
Revenues 19,864 $ 0 40,058 $ 0
Lease bonus - mineral acreage $ 1,711   $ 1,711