Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019



	Year Ended December 31,
	2019			2018
Revenues from contracts with customers	$	1,026,204		$	829,691
Lease bonus - mineral acreage	1,711			2,489
Realized gain on derivatives	9,482			2,334
Unrealized (loss) gain on derivatives	(53,727		)	65,085
Total revenues	$	983,670		$	899,599



	Year Ended December 31,
	2019		2018
Oil revenues	$	759,811	$	635,554
Natural gas revenues	132,514		165,146
Third-party midstream services revenues	59,110		21,920
Sales of purchased natural gas	74,769		7,071
Total revenues from contracts with customers	$	1,026,204	$	829,691

Reconciliations of basic and diluted distributed and undistributed earnings (loss) per common share

The following are reconciliations of the numerators and denominators used to compute the Company’s basic and diluted earnings per common share as reported for the years ended December 31, 2019, 2018 and 2017 (in thousands, except per share data).



	Year Ended December 31,
	2019		2018		2017
Net income attributable to Matador Resources Company shareholders — numerator	$	87,777	$	274,207	$	125,867
Weighted average common shares outstanding — denominator
Basic	116,555		113,580		102,029
Dilutive effect of options and restricted stock units	508		111		514
Diluted weighted average common shares outstanding	117,063		113,691		102,543
Earnings per common share attributable to Matador Resources Company shareholders
Basic	$	0.75	$	2.41	$	1.23
Diluted	$	0.75	$	2.41	$	1.23