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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
Treasury Stock
Non-controlling interest in subsidiaries
Balance at beginning of period (in shares) at Dec. 31, 2021     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) (11,534) $ 2 (11,536)      
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, and employee stock purchases (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            
Contribution related to formation of San Mateo, net of tax $ 4,800            
Balance at beginning of period (in shares) at Dec. 31, 2022 118,948,624   118,953,000        
Balance at beginning of period at Dec. 31, 2022 $ 3,317,091 3,110,797 $ 1,190 2,101,999 1,007,642 $ (34) 206,294
Treasury stock (in shares) at Dec. 31, 2022 4,757         5,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared $ (17,768) (17,768)     (17,768)    
Issuance of common stock pursuant to employee stock compensation plan (in shares)     264,000        
Issuance of common stock pursuant to employee stock compensation plan (17,590) (17,590) $ 2 (17,592)      
Stock-based compensation expense related to equity-based awards including amounts capitalized 3,894 3,894   3,894      
Stock options exercised, net of options forfeited in net share settlements, and employee stock purchases 12 12   12      
Stock options exercised, net of options forfeited in net share settlements (in shares)     15,000        
Restricted stock forfeited (in shares)           21,000  
Restricted stock forfeited (1,236) (1,236)       $ (1,236)  
Contribution related to formation of San Mateo 11,613 11,613   11,613      
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (19,110)           (19,110)
Current period net income $ 178,924 163,130     163,130   15,794
Balance at end of period (in shares) at Mar. 31, 2023 119,205,783   119,232,000        
Balance at end of period at Mar. 31, 2023 $ 3,455,830 $ 3,252,852 $ 1,192 $ 2,099,926 $ 1,153,004 $ (1,270) $ 202,978
Treasury stock (in shares) at Mar. 31, 2023 26,219         26,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared (in dollars per share) $ 0.15            
Contribution related to formation of San Mateo, net of tax $ 3,100