Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022


	Year Ended December 31,
	2022		2021		2020
Revenues from contracts with customers	$	3,196,699	$	1,862,075	$	851,135
Lease bonus - mineral acreage	—		—		4,062
Realized (loss) gain on derivatives	(157,483)		(220,105)		38,937
Unrealized gain (loss) on derivatives	18,809		21,011		(32,008)
Total revenues	$	3,058,025	$	1,662,981	$	862,126


	Year Ended December 31,
	2022		2021		2020
Oil revenues	$	2,113,606	$	1,205,608	$	595,507
Natural gas revenues	792,132		494,934		148,954
Third-party midstream services revenues	90,606		75,499		64,932
Sales of purchased natural gas	200,355		86,034		41,742
Total revenues from contracts with customers	$	3,196,699	$	1,862,075	$	851,135

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, 2022, 2021 and 2020 (in thousands, except per share data).


	Year Ended December 31,
	2022		2021		2020

Net income (loss) attributable to Matador Resources Company shareholders — numerator	$	1,214,206	$	584,968	$	(593,205)

Weighted average common shares outstanding — denominator
Basic	118,122		116,999		116,068
Dilutive effect of options and restricted stock units	2,009		2,164		—
Diluted weighted average common shares outstanding	120,131		119,163		116,068
Earnings (loss) per common share attributable to Matador Resources Company shareholders
Basic	$	10.28	$	5.00	$	(5.11)
Diluted	$	10.11	$	4.91	$	(5.11)