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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Revenues $ 2,817,621 $ 3,196,699 $ 1,862,075
Realized loss on derivatives (9,575) (157,483) (220,105)
Unrealized (loss) gain on derivatives (1,261) 18,809 21,011
Total revenues 2,806,785 3,058,025 1,662,981
Expenses      
Production taxes, transportation and processing 264,493 282,193 178,987
Lease operating 243,655 157,105 108,964
Plant and other midstream services operating 128,910 95,522 61,459
Purchased natural gas 129,401 178,937 77,126
Depletion, depreciation and amortization 716,688 466,348 344,905
Accretion of asset retirement obligations 3,943 2,421 2,068
General and administrative 110,373 116,229 96,396
Total expenses 1,597,463 1,298,755 869,905
Operating income 1,209,322 1,759,270 793,076
Other income (expense)      
Net loss on asset sales and impairment (202) (1,311) (331)
Interest expense (121,520) (67,164) (74,687)
Other income (expense) 8,785 (5,121) (2,712)
Total other expense (112,937) (73,596) (77,730)
Income before income taxes 1,096,385 1,685,674 715,346
Income tax provision (benefit)      
Current 13,922 54,877 0
Deferred 172,104 344,480 74,710
Total income tax provision 186,026 399,357 74,710
Net income 910,359 1,286,317 640,636
Net income attributable to non-controlling interest in subsidiaries (64,285) (72,111) (55,668)
Net income attributable to Matador Resources Company shareholders $ 846,074 $ 1,214,206 $ 584,968
Earnings per common share attributable to Matador Resources Company shareholders      
Basic (usd per share) $ 7.10 $ 10.28 $ 5.00
Diluted (usd per share) $ 7.05 $ 10.11 $ 4.91
Weighted average common shares outstanding      
Basic (in shares) 119,139 118,122 116,999
Diluted (in shares) 119,980 120,131 119,163
Oil and natural gas revenues      
Revenues      
Revenues $ 2,545,599 $ 2,905,738 $ 1,700,542
Third-party midstream services revenues      
Revenues      
Revenues 122,153 90,606 75,499
Sales of purchased natural gas      
Revenues      
Revenues $ 149,869 $ 200,355 $ 86,034