Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021


	Year Ended December 31,
	2021		2020		2019
Revenues from contracts with customers	$	1,862,075	$	851,135	$	1,026,204
Lease bonus - mineral acreage	—		4,062		1,711
Realized (loss) gain on derivatives	(220,105)		38,937		9,482
Unrealized gain (loss) on derivatives	21,011		(32,008)		(53,727)
Total revenues	$	1,662,981	$	862,126	$	983,670


	Year Ended December 31,
	2021		2020		2019
Oil revenues	$	1,205,608	$	595,507	$	759,811
Natural gas revenues	494,934		148,954		132,514
Third-party midstream services revenues	75,499		64,932		59,110
Sales of purchased natural gas	86,034		41,742		74,769
Total revenues from contracts with customers	$	1,862,075	$	851,135	$	1,026,204

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, 2021, 2020 and 2019 (in thousands, except per share data).


	Year Ended December 31,
	2021		2020		2019

Net income (loss) attributable to Matador Resources Company shareholders — numerator	$	584,968	$	(593,205)	$	87,777

Weighted average common shares outstanding — denominator
Basic	116,999		116,068		116,555
Dilutive effect of options and restricted stock units	2,164		—		508
Diluted weighted average common shares outstanding	119,163		116,068		117,063
Earnings (loss) per common share attributable to Matador Resources Company shareholders
Basic	$	5.00	$	(5.11)	$	0.75
Diluted	$	4.91	$	(5.11)	$	0.75