Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020


	Year Ended December 31,
	2020		2019		2018
Revenues from contracts with customers	$	851,135	$	1,026,204	$	829,691
Lease bonus - mineral acreage	4,062		1,711		2,489
Realized gain on derivatives	38,937		9,482		2,334
Unrealized (loss) gain on derivatives	(32,008)		(53,727)		65,085
Total revenues	$	862,126	$	983,670	$	899,599


	Year Ended December 31,
	2020		2019		2018
Oil revenues	$	595,507	$	759,811	$	635,554
Natural gas revenues	148,954		132,514		165,146
Third-party midstream services revenues	64,932		59,110		21,920
Sales of purchased natural gas	41,742		74,769		7,071
Total revenues from contracts with customers	$	851,135	$	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, 2020, 2019 and 2018 (in thousands, except per share data).


	Year Ended December 31,
	2020		2019		2018

Net (loss) income attributable to Matador Resources Company shareholders — numerator	$	(593,205)	$	87,777	$	274,207

Weighted average common shares outstanding — denominator
Basic	116,068		116,555		113,580
Dilutive effect of options and restricted stock units	—		508		111
Diluted weighted average common shares outstanding	116,068		117,063		113,691
Earnings per common share attributable to Matador Resources Company shareholders
Basic	$	(5.11)	$	0.75	$	2.41
Diluted	$	(5.11)	$	0.75	$	2.41