XML 39 R57.htm IDEA: XBRL DOCUMENT v3.19.3
Subsidiary Guarantors Consolidated Income Statement (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Condensed Income Statements, Captions [Line Items]        
Total revenues $ 279,402 $ 207,178 $ 694,995 $ 609,725
Total expenses 193,300 139,325 524,564 394,517
Operating (loss) income 86,102 67,853 170,431 215,208
Interest expense (18,175) (10,340) (54,172) (26,835)
Other (expense) income (245) (32,202) (777) (32,501)
Earnings in subsidiaries 0 0 0 0
Income before income taxes 67,243 25,115 114,675 155,676
Total income tax provision 13,490 0 25,335 0
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
Net loss on asset sales and inventory impairment (439) (196) (807) (196)
Eliminating Entries        
Condensed Income Statements, Captions [Line Items]        
Total revenues (19,609) (17,848) (54,745) (46,550)
Total expenses (19,609) (17,848) (54,745) (46,550)
Operating (loss) income 0 0 0 0
Interest expense 0 0 0 0
Other (expense) income 0 0 0 0
Earnings in subsidiaries (84,393) (68,169) (166,080) (218,076)
Income before income taxes (84,393) (68,169) (166,080) (218,076)
Total income tax provision 0   0  
Net income attributable to non-controlling interest in subsidiaries 0 0 0 0
Net income attributable to Matador Resources Company shareholders (84,393) (68,169) (166,080) (218,076)
Net loss on asset sales and inventory impairment 0 0 0 0
Matador | Reportable Legal Entities        
Condensed Income Statements, Captions [Line Items]        
Total revenues 0 0 0 0
Total expenses 1,034 1,184 2,970 3,596
Operating (loss) income (1,034) (1,184) (2,970) (3,596)
Interest expense (15,716) (10,340) (47,391) (26,835)
Other (expense) income 0 (31,232) 0 (31,226)
Earnings in subsidiaries 74,193 60,550 139,454 199,151
Income before income taxes 57,443 17,794 89,093 137,494
Total income tax provision 13,490   25,335  
Net income attributable to non-controlling interest in subsidiaries 0 0 0 0
Net income attributable to Matador Resources Company shareholders 43,953 17,794 63,758 137,494
Net loss on asset sales and inventory impairment 0 0 0 0
Non-Guarantor Subsidiaries | Reportable Legal Entities        
Condensed Income Statements, Captions [Line Items]        
Total revenues 52,776 25,640 137,372 64,190
Total expenses 30,317 10,708 78,386 27,102
Operating (loss) income 22,459 14,932 58,986 37,088
Interest expense (2,459) 0 (6,781) 0
Other (expense) income 0 8 3 19
Earnings in subsidiaries 0 0 0 0
Income before income taxes 20,000 14,940 52,208 37,107
Total income tax provision 0   0  
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 10,200 7,619 26,626 18,925
Net loss on asset sales and inventory impairment 0 0 0 0
Guarantor Subsidiaries | Reportable Legal Entities        
Condensed Income Statements, Captions [Line Items]        
Total revenues 246,235 199,386 612,368 592,085
Total expenses 181,558 145,281 497,953 410,369
Operating (loss) income 64,677 54,105 114,415 181,716
Interest expense 0 0 0 0
Other (expense) income (245) (978) (780) (1,294)
Earnings in subsidiaries 10,200 7,619 26,626 18,925
Income before income taxes 74,193 60,550 139,454 199,151
Total income tax provision 0   0  
Net income attributable to non-controlling interest in subsidiaries 0 0 0 0
Net income attributable to Matador Resources Company shareholders 74,193 60,550 139,454 199,151
Net loss on asset sales and inventory impairment $ (439) $ (196) $ (807) $ (196)