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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
Retained earnings (accumulated deficit)
Treasury Stock
Non-controlling interest in subsidiaries
Balance at beginning of period (in shares) at Dec. 31, 2020     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 directors' and advisors' compensation plan (in shares)     9,000        
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        
Restricted stock forfeited (in shares)       219,000   90,000  
Restricted stock forfeited (1,720) (1,720)       $ (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 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared (in dollars per share) $ 0.025            
Balance at beginning of period (in shares) at Dec. 31, 2020     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 income 191,329            
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
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     $ (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     $ 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        
Restricted stock forfeited (in shares)       425,000   38,000  
Restricted stock forfeited (1,164) (1,164)       $ (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 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 (in dollars per share) $ 0.025            
Balance at beginning of period (in shares) at Dec. 31, 2021 117,850,233   117,862,000        
Balance at beginning of period at Dec. 31, 2021 $ 2,127,388 1,907,210 $ 1,179 2,077,592 (171,318) $ (243) 220,178
Treasury stock (in shares) at Dec. 31, 2021           12,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared (5,866) (5,866)     (5,866)    
Issuance of common stock pursuant to employee stock compensation plan (in shares)     205,000        
Issuance of common stock pursuant to employee stock compensation plan   (11,534) $ 2 (11,536)      
Issuance of common stock pursuant to employee stock compensation plan (11,534)            
Stock-based compensation expense related to equity-based awards including amounts capitalized 4,344 4,344   4,344      
Stock options exercised, net of options forfeited in net share settlements (585) (585)   (585)      
Stock options exercised, net of options forfeited in net share settlements (in shares)     24,000        
Restricted stock forfeited (in shares)           12,000  
Restricted stock forfeited (66) (66)       $ (66)  
Contribution related to formation of San Mateo 17,973 17,973   17,973      
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (18,375)           (18,375)
Current period net income 224,185 207,124     207,124   17,061
Balance at end of period (in shares) at Mar. 31, 2022     118,091,000        
Balance at end of period at Mar. 31, 2022 $ 2,337,464 2,118,600 $ 1,181 2,087,788 29,940 $ (309) 218,864
Treasury stock (in shares) at Mar. 31, 2022           24,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared (in dollars per share) $ 0.05            
Balance at beginning of period (in shares) at Dec. 31, 2021 117,850,233   117,862,000        
Balance at beginning of period at Dec. 31, 2021 $ 2,127,388 1,907,210 $ 1,179 2,077,592 (171,318) $ (243) 220,178
Treasury stock (in shares) at Dec. 31, 2021           12,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Current period net income $ 660,380            
Balance at end of period (in shares) at Jun. 30, 2022 118,130,068   118,201,000        
Balance at end of period at Jun. 30, 2022 $ 2,742,051 2,529,170 $ 1,182 2,090,564 439,780 $ (2,356) 212,881
Treasury stock (in shares) at Jun. 30, 2022           71,000  
Balance at beginning of period (in shares) at Mar. 31, 2022     118,091,000        
Balance at beginning of period at Mar. 31, 2022 2,337,464 2,118,600 $ 1,181 2,087,788 29,940 $ (309) 218,864
Treasury stock (in shares) at Mar. 31, 2022           24,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared (5,878) (5,878)     (5,878)    
Issuance of common stock pursuant to employee stock compensation plan (in shares)     10,000        
Issuance of common stock pursuant to directors' and advisors' compensation plan (in shares)     25,000        
Stock-based compensation expense related to equity-based awards including amounts capitalized 5,383 5,383   5,383      
Stock options exercised, net of options forfeited in net share settlements (2,606) (2,606) $ (1) (2,607)      
Stock options exercised, net of options forfeited in net share settlements (in shares)     75,000        
Restricted stock forfeited (in shares)           47,000  
Restricted stock forfeited (2,047) (2,047)       $ (2,047)  
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (26,460)           (26,460)
Current period net income $ 436,195 415,718     415,718   20,477
Balance at end of period (in shares) at Jun. 30, 2022 118,130,068   118,201,000        
Balance at end of period at Jun. 30, 2022 $ 2,742,051 $ 2,529,170 $ 1,182 $ 2,090,564 $ 439,780 $ (2,356) $ 212,881
Treasury stock (in shares) at Jun. 30, 2022           71,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared (in dollars per share) $ 0.05