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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Revenues $ 336,181 $ 224,288
Realized (loss) gain on derivatives (25,913) 10,867
Unrealized (loss) gain on derivatives (43,423) 136,430
Total revenues 266,845 371,585
Expenses    
Production taxes, transportation and processing 34,174 21,716
Lease operating 25,939 30,910
Purchased natural gas 2,855 8,058
Depletion, depreciation and amortization 74,863 90,707
Accretion of asset retirement obligations 500 476
General and administrative 22,188 16,222
Total expenses 174,182 178,053
Operating income 92,663 193,532
Other income (expense)    
Interest expense (19,650) (19,812)
Other (expense) income (675) 1,320
Total other expense (20,325) (18,492)
Income before income taxes 72,338 175,040
Income tax provision (benefit)    
Deferred 2,840 39,957
Income tax provision 2,840 39,957
Net income 69,498 135,083
Net income attributable to non-controlling interest in subsidiaries (8,853) (9,354)
Net income attributable to Matador Resources Company shareholders $ 60,645 $ 125,729
Earnings per common share    
Basic (in dollars per share) $ 0.52 $ 1.08
Diluted (in dollars per share) $ 0.51 $ 1.08
Weighted average common shares outstanding    
Basic (shares) 116,807 116,607
Diluted (shares) 118,669 116,684
Oil and natural gas revenues    
Revenues    
Revenues $ 316,233 $ 197,914
Third-party midstream services revenues    
Revenues    
Revenues 15,438 15,830
Expenses    
Plant and other midstream services operating 13,663 9,964
Sales of purchased natural gas    
Revenues    
Revenues $ 4,510 $ 10,544