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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Revenues $ 224,288 $ 216,338
Realized gain on derivatives 10,867 3,270
Unrealized gain (loss) on derivatives 136,430 (45,719)
Total revenues 371,585 173,889
Expenses    
Production taxes, transportation and processing 21,716 19,665
Lease operating 30,910 31,163
Purchased natural gas 8,058 10,634
Depletion, depreciation and amortization 90,707 76,866
Accretion of asset retirement obligations 476 414
General and administrative 16,222 18,290
Total expenses 178,053 166,348
Operating income 193,532 7,541
Other income (expense)    
Interest expense (19,812) (17,929)
Other income (expense) 1,320 (110)
Total other expense (18,492) (18,039)
Income (loss) before income taxes 175,040 (10,498)
Income tax provision (benefit)    
Deferred 39,957 (1,013)
Total income tax provision (benefit) 39,957 (1,013)
Net income (loss) 135,083 (9,485)
Net income attributable to non-controlling interest in subsidiaries 9,354 7,462
Net income (loss) attributable to Matador Resources Company shareholders $ 125,729 $ (16,947)
Earnings (loss) per common share    
Basic (in dollars per share) $ 1.08 $ (0.15)
Diluted (in dollars per share) $ 1.08 $ (0.15)
Weighted average common shares outstanding    
Basic (shares) 116,607 115,315
Diluted (shares) 116,684 115,315
Oil and natural gas revenues    
Revenues    
Revenues $ 197,914 $ 193,269
Third-party midstream services revenues    
Revenues    
Revenues 15,830 11,838
Expenses    
Plant and other midstream services operating 9,964 9,316
Sales of purchased natural gas    
Revenues    
Revenues $ 10,544 $ 11,231