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CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY — UNAUDITED - USD ($)
$ in Thousands
Total
Total shareholders’ equity attributable to Matador Resources Company
Common Stock
Additional paid-in capital
Accumulated deficit
Treasury Stock
Non-controlling interest in subsidiaries
Balance at beginning of period (in shares) at Dec. 31, 2019     116,644,000     1,000  
Balance at beginning of period at Dec. 31, 2019 $ 1,969,452 $ 1,833,654 $ 1,166 $ 1,981,014 $ (148,500) $ (26) $ 135,798
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock pursuant to employee stock compensation plan (in shares)     3,000        
Issuance of common stock pursuant to employee stock compensation plan 0            
Issuance of common stock pursuant to directors' and advisors' compensation plan (in shares)     2,000        
Issuance of common stock pursuant to directors’ and advisors’ compensation plan 0            
Stock-based compensation expense related to equity-based awards including amounts capitalized 5,066 5,066   5,066      
Stock options exercised, net of options forfeited in net share settlements (24) (24)   (24)      
Liability-based stock option awards settled in equity (in shares)     22,000        
Liability-based stock option awards settled in equity 298 298 $ 1 297      
Restricted stock forfeited (in shares)           106,000  
Restricted stock forfeited (1,267) (1,267)       $ (1,267)  
Contribution related to formation of San Mateo 11,613 11,613   11,613      
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries, net of tax 45,674 16,280   16,280     29,394
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (11,515)           (11,515)
Current period net (loss) income 135,083 125,729     125,729   9,354
Balance at end of period (in shares) at Mar. 31, 2020     116,671,000     107,000  
Balance at end of period at Mar. 31, 2020 2,154,380 1,991,349 $ 1,167 2,014,246 (22,771) $ (1,293) 163,031
Balance at beginning of period (in shares) at Dec. 31, 2019     116,644,000     1,000  
Balance at beginning of period at Dec. 31, 2019 1,969,452 1,833,654 $ 1,166 1,981,014 (148,500) $ (26) 135,798
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Current period net (loss) income (476,967)            
Balance at end of period (in shares) at Sep. 30, 2020     116,984,000     148,000  
Balance at end of period at Sep. 30, 2020 1,577,629 1,371,933 $ 1,170 2,024,526 (652,251) $ (1,512) 205,696
Balance at beginning of period (in shares) at Mar. 31, 2020     116,671,000     107,000  
Balance at beginning of period at Mar. 31, 2020 2,154,380 1,991,349 $ 1,167 2,014,246 (22,771) $ (1,293) 163,031
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock pursuant to employee stock compensation plan (in shares)     230,000        
Issuance of common stock pursuant to employee stock compensation plan 0   $ 2 (2)      
Issuance of common stock pursuant to directors' and advisors' compensation plan (in shares)     83,000        
Issuance of common stock pursuant to directors’ and advisors’ compensation plan 0   $ 1 (1)      
Stock-based compensation expense related to equity-based awards including amounts capitalized 4,103 4,103   4,103      
Restricted stock forfeited (in shares)           33,000  
Restricted stock forfeited (156) (156)       $ (156)  
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries, net of tax 16,652 1,952   1,952     14,700
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (10,535)           (10,535)
Current period net (loss) income (345,943) (353,416)     (353,416)   7,473
Balance at end of period (in shares) at Jun. 30, 2020     116,984,000     140,000  
Balance at end of period at Jun. 30, 2020 1,818,501 1,643,832 $ 1,170 2,020,298 (376,187) $ (1,449) 174,669
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Contribution related to formation of San Mateo, net of tax 3,100            
Stock-based compensation expense related to equity-based awards including amounts capitalized 4,228 4,228   4,228      
Restricted stock forfeited (in shares)           8,000  
Restricted stock forfeited (63) (63)       $ (63)  
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries, net of tax 31,850           31,850
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (10,780)           (10,780)
Current period net (loss) income (266,107) (276,064)     (276,064)   9,957
Balance at end of period (in shares) at Sep. 30, 2020     116,984,000     148,000  
Balance at end of period at Sep. 30, 2020 $ 1,577,629 1,371,933 $ 1,170 2,024,526 (652,251) $ (1,512) 205,696
Balance at beginning of period (in shares) at Dec. 31, 2020 116,844,768   116,847,000     2,000  
Balance at beginning of period at Dec. 31, 2020 $ 1,513,025 1,286,530 $ 1,169 2,027,069 (741,705) $ (3) 226,495
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared (2,913) (2,913)     (2,913)    
Issuance of common stock pursuant to employee stock compensation plan (in shares)     3,000        
Issuance of common stock pursuant to employee stock compensation plan 0            
Issuance of common stock pursuant to directors' and advisors' compensation plan (in shares)     9,000        
Issuance of common stock pursuant to directors’ and advisors’ compensation plan 0            
Stock-based compensation expense related to equity-based awards including amounts capitalized 1,477 1,477   1,477      
Stock options exercised, net of options forfeited in net share settlements (in shares)     13,000        
Stock options exercised, net of options forfeited in net share settlements 0            
Restricted stock forfeited (in shares)           90,000  
Restricted stock forfeited (1,720) (1,720)   (219)   $ (1,501)  
Contribution related to formation of San Mateo 15,376 15,376   15,376      
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (14,210)           (14,210)
Current period net (loss) income 69,498 60,645     60,645   8,853
Balance at end of period (in shares) at Mar. 31, 2021     116,872,000     92,000  
Balance at end of period at Mar. 31, 2021 $ 1,580,533 1,359,395 $ 1,169 2,043,703 (683,973) $ (1,504) 221,138
Balance at beginning of period (in shares) at Dec. 31, 2020 116,844,768   116,847,000     2,000  
Balance at beginning of period at Dec. 31, 2020 $ 1,513,025 1,286,530 $ 1,169 2,027,069 (741,705) $ (3) 226,495
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Current period net (loss) income $ 409,391            
Balance at end of period (in shares) at Sep. 30, 2021 117,103,248   117,249,000     146,000  
Balance at end of period at Sep. 30, 2021 $ 1,907,900 1,688,007 $ 1,172 2,069,484 (380,268) $ (2,381) 219,893
Balance at beginning of period (in shares) at Mar. 31, 2021     116,872,000     92,000  
Balance at beginning of period at Mar. 31, 2021 1,580,533 1,359,395 $ 1,169 2,043,703 (683,973) $ (1,504) 221,138
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared (2,913) (2,913)     (2,913)    
Issuance of common stock pursuant to employee stock compensation plan (in shares)     138,000        
Issuance of common stock pursuant to employee stock compensation plan 0   $ 1 (1)      
Issuance of common stock pursuant to directors' and advisors' compensation plan (in shares)     73,000        
Issuance of common stock pursuant to directors’ and advisors’ compensation plan 0   $ 1 (1)      
Stock-based compensation expense related to equity-based awards including amounts capitalized 2,289 2,289   2,289      
Stock options exercised, net of options forfeited in net share settlements (in shares)     40,000        
Stock options exercised, net of options forfeited in net share settlements 0            
Restricted stock forfeited (in shares)           38,000  
Restricted stock forfeited (1,164) (1,164)   (425)   $ (739)  
Contribution related to formation of San Mateo 16,250 16,250   16,250      
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (14,700)           (14,700)
Current period net (loss) income 121,831 105,905     105,905   15,926
Balance at end of period (in shares) at Jun. 30, 2021     117,123,000     130,000  
Balance at end of period at Jun. 30, 2021 1,702,126 1,479,762 $ 1,171 2,061,815 (580,981) $ (2,243) 222,364
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared (2,915) (2,915)     (2,915)    
Issuance of common stock pursuant to employee stock compensation plan (in shares)     3,000        
Stock-based compensation expense related to equity-based awards including amounts capitalized 3,856 3,856   3,856      
Stock options exercised, net of options forfeited in net share settlements (in shares)     123,000        
Stock options exercised, net of options forfeited in net share settlements 212 212 $ 1 211      
Restricted stock forfeited (in shares)           16,000  
Restricted stock forfeited (1,276) (1,276)   (1,138)   $ (138)  
Contribution related to formation of San Mateo 4,740 4,740   4,740      
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (16,905)           (16,905)
Current period net (loss) income $ 218,062 203,628     203,628   14,434
Balance at end of period (in shares) at Sep. 30, 2021 117,103,248   117,249,000     146,000  
Balance at end of period at Sep. 30, 2021 $ 1,907,900 $ 1,688,007 $ 1,172 $ 2,069,484 $ (380,268) $ (2,381) $ 219,893
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Contribution related to formation of San Mateo, net of tax $ 1,300