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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Revenues $ 3,196,699 $ 1,862,075 $ 851,135
Lease bonus - mineral acreage 0 0 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
Expenses      
Production taxes, transportation and processing 282,193 178,987 93,338
Lease operating 157,105 108,964 104,953
Plant and other midstream services operating 95,522 61,459 41,500
Purchased natural gas 178,937 77,126 32,734
Depletion, depreciation and amortization 466,348 344,905 361,831
Accretion of asset retirement obligations 2,421 2,068 1,948
Full-cost ceiling impairment 0 0 684,743
General and administrative 116,229 96,396 62,578
Total expenses 1,298,755 869,905 1,383,625
Operating income (loss) 1,759,270 793,076 (521,499)
Other income (expense)      
Net loss on asset sales and impairment (1,311) (331) (2,832)
Interest expense (67,164) (74,687) (76,692)
Other (expense) income (5,121) (2,712) 1,864
Total other expense (73,596) (77,730) (77,660)
Income (loss) before income taxes 1,685,674 715,346 (599,159)
Income tax provision (benefit)      
Current 54,877 0 0
Deferred 344,480 74,710 (45,599)
Total income tax provision (benefit) 399,357 74,710 (45,599)
Net income (loss) 1,286,317 640,636 (553,560)
Net income attributable to non-controlling interest in subsidiaries (72,111) (55,668) (39,645)
Net income (loss) attributable to Matador Resources Company shareholders $ 1,214,206 $ 584,968 $ (593,205)
Earnings (loss) per common share attributable to Matador Resources Company shareholders      
Basic (usd per share) $ 10.28 $ 5.00 $ (5.11)
Diluted (usd per share) $ 10.11 $ 4.91 $ (5.11)
Weighted average common shares outstanding      
Basic (in shares) 118,122 116,999 116,068
Diluted (in shares) 120,131 119,163 116,068
Oil and natural gas revenues      
Revenues      
Revenues $ 2,905,738 $ 1,700,542 $ 744,461
Third-party midstream services revenues      
Revenues      
Revenues 90,606 75,499 64,932
Sales of purchased natural gas      
Revenues      
Revenues $ 200,355 $ 86,034 $ 41,742