XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Revenues $ 147,416 $ 234,382 $ 371,704 $ 450,720
Lease bonus - mineral acreage 4,062 0 4,062 0
Realized gain on derivatives 44,110 1,165 54,977 4,435
Unrealized (loss) gain on derivatives (132,668) 6,157 3,762 (39,562)
Total revenues 62,920 241,704 434,505 415,593
Expenses        
Production taxes, transportation and processing 18,797 21,542 40,513 41,207
Lease operating 26,162 26,351 57,072 57,514
Purchased natural gas 10,922 8,172 18,980 18,806
Depletion, depreciation and amortization 93,350 80,132 184,057 156,999
Accretion of asset retirement obligations 495 420 971 834
Full-cost ceiling impairment 324,001 0 324,001 0
General and administrative 14,723 19,876 30,945 38,166
Total expenses 498,230 164,915 676,283 331,264
Operating (loss) income (435,310) 76,789 (241,778) 84,329
Net loss on asset sales and impairment (2,632) (368) (2,632) (368)
Other income (expense)        
Interest expense (18,297) (18,068) (38,109) (35,997)
Other income (expense) 473 (423) 1,793 (532)
Total other expense (20,456) (18,859) (38,948) (36,897)
(Loss) income before income taxes (455,766) 57,930 (280,726) 47,432
Income tax (benefit) provision        
Deferred (109,823) 12,858 (69,866) 11,845
Total income tax (benefit) provision (109,823) 12,858 (69,866) 11,845
Net (loss) income (345,943) 45,072 (210,860) 35,587
Net income attributable to non-controlling interest in subsidiaries (7,473) (8,320) (16,827) (15,782)
Net (loss) income attributable to Matador Resources Company shareholders $ (353,416) $ 36,752 $ (227,687) $ 19,805
(Loss) earnings per common share        
Basic (in dollars per share) $ (3.04) $ 0.32 $ (1.96) $ 0.17
Diluted (in dollars per share) $ (3.04) $ 0.31 $ (1.96) $ 0.17
Weighted average common shares outstanding        
Basic (shares) 116,071 116,571 115,977 116,469
Diluted (shares) 116,071 116,903 115,977 116,839
Oil and natural gas revenues        
Revenues        
Revenues $ 118,767 $ 211,060 $ 316,681 $ 404,329
Third-party midstream services revenues        
Revenues        
Revenues 14,668 14,359 30,498 26,197
Expenses        
Plant and other midstream services operating 9,780 8,422 19,744 17,738
Sales of purchased natural gas        
Revenues        
Revenues $ 13,981 $ 8,963 $ 24,525 $ 20,194