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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, beginning of period (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, end of period (in shares) at Mar. 31, 2022           24,000  
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, beginning of period (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     118,201,000        
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, end of period (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, beginning of period (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, and employee stock purchases (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     118,201,000        
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, end of period (in shares) at Jun. 30, 2022           71,000  
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, beginning of period (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     119,232,000        
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, end of period (in shares) at Mar. 31, 2023           26,000  
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, beginning of period (in shares) at Dec. 31, 2022 4,757         5,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Current period net income $ 356,019            
Balance at end of period (in shares) at Jun. 30, 2023 119,147,205   119,272,000        
Balance at end of period at Jun. 30, 2023 $ 3,617,430 3,402,856 $ 1,192 2,106,987 1,299,753 $ (5,076) 214,574
Treasury stock, end of period (in shares) at Jun. 30, 2023 125,514         126,000  
Balance at beginning of period (in shares) at Mar. 31, 2023     119,232,000        
Balance at beginning 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, beginning of period (in shares) at Mar. 31, 2023           26,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared (17,917) (17,917)     (17,917)    
Issuance of common stock pursuant to employee stock compensation plan (in shares)     27,000        
Issuance of common stock pursuant to employee stock compensation plan 950 950   950      
Issuance of common stock pursuant to directors' and advisors' compensation plan (in shares)     11,000        
Stock-based compensation expense related to equity-based awards including amounts capitalized 6,097 6,097   6,097      
Stock options exercised, net of options forfeited in net share settlements, and employee stock purchases 14 14   14      
Stock options exercised, net of options forfeited in net share settlements (in shares)     2,000        
Restricted stock forfeited (in shares)           100,000  
Restricted stock forfeited (3,806) (3,806)       $ (3,806)  
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries (see Note 7) 24,500           24,500
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (25,333)           (25,333)
Current period net income $ 177,095 164,666     164,666   12,429
Balance at end of period (in shares) at Jun. 30, 2023 119,147,205   119,272,000        
Balance at end of period at Jun. 30, 2023 $ 3,617,430 $ 3,402,856 $ 1,192 $ 2,106,987 $ 1,299,753 $ (5,076) $ 214,574
Treasury stock, end of period (in shares) at Jun. 30, 2023 125,514         126,000