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CONDENSED CONSOLIDATED STATEMENTS 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, 2022     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           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, 2023 119,458,674   119,478,000        
Balance at beginning of period at Dec. 31, 2023 $ 4,127,688 3,910,862 $ 1,194 2,133,172 1,776,541 $ (45) 216,826
Treasury stock, beginning of period (in shares) at Dec. 31, 2023 19,608         20,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared $ (23,858) (23,858)     (23,858)    
Issuance of common stock pursuant to employee stock compensation plan (in shares)     100,000        
Issuance of common stock pursuant to employee stock compensation plan (11,381) (11,381) $ 1 (11,382)      
Issuance of common stock pursuant to public offering (in shares)     5,250,000        
Issuance of common stock pursuant to public offering 344,663 344,663 $ 53 344,610      
Cost to issue equity (53) (53)   (53)      
Stock-based compensation expense related to equity-based awards including amounts capitalized 5,149 5,149   5,149      
Stock options exercised, net of options forfeited in net share settlements (in shares)     7,000        
Restricted stock forfeited (in shares)           35,000  
Restricted stock forfeited (2,046) (2,046)       $ (2,046)  
Contribution related to formation of San Mateo 1,185 1,185   1,185      
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries 7,350           7,350
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (25,725)           (25,725)
Current period net income $ 213,190 193,729     193,729   19,461
Balance at end of period (in shares) at Mar. 31, 2024 124,780,297   124,835,000        
Balance at end of period at Mar. 31, 2024 $ 4,636,162 $ 4,418,250 $ 1,248 $ 2,472,681 $ 1,946,412 $ (2,091) $ 217,912
Treasury stock, end of period (in shares) at Mar. 31, 2024 54,857         55,000