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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Revenues $ 221,825 $ 264,498 $ 593,529 $ 715,218
Lease bonus - mineral acreage 0 1,711 4,062 1,711
Realized (loss) gain on derivatives (5,406) 3,346 49,571 7,781
Unrealized (loss) gain on derivatives (13,033) 9,847 (9,271) (29,715)
Total revenues 203,386 279,402 637,891 694,995
Expenses        
Production taxes, transportation and processing 25,840 24,762 66,353 65,969
Lease operating 23,392 29,714 80,464 87,228
Purchased natural gas 11,144 16,608 30,124 35,414
Depletion, depreciation and amortization 88,025 92,498 272,082 249,497
Accretion of asset retirement obligations 478 520 1,449 1,354
Full-cost ceiling impairment 251,163 0 575,164 0
General and administrative 15,100 20,381 46,045 58,547
Total expenses 424,527 193,300 1,100,810 524,564
Operating (loss) income (221,141) 86,102 (462,919) 170,431
Net loss on asset sales and impairment 0 (439) (2,632) (807)
Other income (expense)        
Interest expense (18,231) (18,175) (56,340) (54,172)
Other (expense) income (238) (245) 1,555 (777)
Total other expense (18,469) (18,859) (57,417) (55,756)
(Loss) income before income taxes (239,610) 67,243 (520,336) 114,675
Income tax provision (benefit)        
Deferred 26,497 13,490 (43,369) 25,335
Income tax provision (benefit) 26,497 13,490 (43,369) 25,335
Net (loss) income (266,107) 53,753 (476,967) 89,340
Net income attributable to non-controlling interest in subsidiaries (9,957) (9,800) (26,784) (25,582)
Net (loss) income attributable to Matador Resources Company shareholders $ (276,064) $ 43,953 $ (503,751) $ 63,758
(Loss) earnings per common share        
Basic (in dollars per share) $ (2.38) $ 0.38 $ (4.34) $ 0.55
Diluted (in dollars per share) $ (2.38) $ 0.38 $ (4.34) $ 0.54
Weighted average common shares outstanding        
Basic (shares) 116,155 116,643 116,036 116,541
Diluted (shares) 116,155 116,976 116,036 116,994
Oil and natural gas revenues        
Revenues        
Revenues $ 189,104 $ 229,377 $ 505,785 $ 633,706
Third-party midstream services revenues        
Revenues        
Revenues 19,363 15,257 49,861 41,454
Expenses        
Plant and other midstream services operating 9,385 8,817 29,129 26,555
Sales of purchased natural gas        
Revenues        
Revenues $ 13,358 $ 19,864 $ 37,883 $ 40,058