Matador resources company (MTDR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Revenues
Revenue from Contract with Customer, Excluding Assessed Tax

224,288

310,986

264,498

234,382

216,338

209,152

223,091

212,426

185,022

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease bonus - mineral acreage

-

-

1,711

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Sale of Derivatives

10,867

1,701

3,346

1,165

3,270

3,656

5,424

-2,488

-4,258

-3,145

485

558

-2,219

-1,127

885

2,465

7,063

24,948

19,862

13,780

18,504

10,479

-701

-2,913

-1,843

-390

-1,165

254

392

2,813

3,371

4,713

3,063

2,869

1,435

952

1,849

Unrealized Gain (Loss) on Derivatives

136,430

-24,012

9,847

6,157

-45,719

74,577

-21,337

1,429

10,416

-11,734

-12,372

13,190

20,631

-10,977

3,203

-26,625

-6,839

-13,909

6,733

-23,532

-8,557

50,351

16,293

-5,234

-3,108

-606

-9,327

7,526

-4,825

-3,653

-12,993

15,114

-3,270

3,604

2,870

332

-1,668

Revenues

371,585

288,675

279,402

241,704

173,889

289,874

207,178

211,367

191,180

153,572

126,279

129,611

134,814

84,972

88,733

46,094

44,623

68,546

98,979

78,096

72,412

155,153

112,209

90,907

73,980

68,668

71,376

65,959

54,886

51,908

28,386

55,905

28,957

21,463

21,752

22,148

13,880

Expenses
Production taxes, transportation and processing

21,716

26,304

24,762

21,542

19,665

18,022

20,215

20,110

17,791

17,927

15,666

12,875

11,807

12,200

12,388

10,556

7,902

8,917

9,426

10,258

7,049

9,433

8,617

9,116

6,006

5,866

6,559

4,451

4,097

4,066

2,822

2,619

2,165

1,476

1,848

1,654

1,299

Lease operating

30,910

30,077

29,714

26,351

31,163

23,281

22,531

25,006

22,148

18,826

16,689

16,040

15,758

14,903

14,605

12,183

14,511

13,242

13,466

14,950

13,046

15,199

13,691

11,704

9,351

9,112

8,569

10,140

10,899

10,673

6,491

6,375

4,645

1,604

2,065

1,969

1,605

Purchased natural gas

8,058

33,984

16,608

8,172

10,634

6,635

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depletion, depreciation and amortization

90,707

101,044

92,498

80,132

76,866

72,478

70,457

66,838

55,369

54,436

47,800

41,274

33,992

31,862

30,015

31,248

28,923

35,372

45,237

51,768

46,470

43,767

35,143

31,797

24,030

23,802

26,127

20,234

28,232

27,656

21,680

19,913

11,205

9,175

7,288

8,179

7,111

Asset Retirement Obligation, Accretion Expense

476

468

520

420

414

404

387

375

364

353

323

314

300

353

276

289

264

308

182

132

112

134

130

123

117

101

86

80

81

86

59

58

53

51

61

57

39

Full-cost ceiling impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

78,171

80,462

219,319

285,721

229,026

67,100

0

0

0

0

-1

0

0

21,230

26,674

3,596

33,205

0

0

0

-0

35,673

General and administrative

16,222

21,507

20,381

19,876

18,290

13,569

18,444

19,369

17,926

16,345

16,156

17,177

16,338

15,583

13,146

13,197

13,163

11,580

12,151

12,961

13,413

8,734

8,099

8,100

7,219

6,633

5,395

4,149

4,602

3,222

3,439

4,093

3,789

3,474

4,207

3,094

2,618

Costs and Expenses

178,053

223,627

193,300

164,915

166,348

141,811

139,325

137,374

117,818

112,547

99,730

90,622

80,536

76,753

71,879

146,705

146,252

290,750

367,633

319,095

147,217

78,675

65,680

60,840

46,723

45,513

46,736

39,054

69,141

72,377

38,087

66,263

21,857

15,783

15,469

14,953

48,346

Operating Income (Loss)

193,532

65,048

86,102

76,789

7,541

148,063

67,853

73,993

73,362

41,025

26,549

38,989

54,278

8,219

16,854

-100,611

-101,629

-222,204

-268,654

-240,999

-74,805

76,478

46,529

30,067

27,257

23,155

24,640

26,905

-14,255

-20,469

-9,701

-10,358

7,100

5,680

6,283

7,195

-34,466

Other income (expense)
Net (loss) gain on asset sales and inventory impairment

-

-

-439

-368

-

-

-196

0

-

0

16

0

7

104,137

1,073

1,002

1,065

1,005

0

0

-97

0

0

0

0

-

0

192

-

-

0

60

-

-

0

-

-

Interest Expense

19,812

19,701

18,175

18,068

17,929

14,492

10,340

8,004

8,491

8,336

8,550

9,224

8,455

7,955

6,880

6,167

7,197

6,586

7,229

5,869

2,070

1,649

673

1,616

1,396

769

2,038

1,609

1,271

549

144

1

308

222

171

183

106

Prepayment premium on extinguishment of debt

-

-

0

-

-

-

-31,226

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

70

-

-141

29

94

-

564

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

502

384

-

267

409

38

45

66

47

67

66

55

30

73

67

82

94

71

Other income (expense)

1,320

-1,348

-245

-423

-110

2,826

-976

-352

53

10,043

-36

1,922

-8,378

17,118

-5,948

-5,136

-6,038

-6,415

-6,665

-5,367

-1,783

-2,231

-406

-1,207

-1,358

-724

-1,972

-1,754

-1,204

-908

-89

-31

-235

-308

-89

-89

-35

Total other expense

-18,492

-21,209

-18,859

-18,859

-18,039

-11,666

-42,738

-8,356

-8,438

-

-8,570

-7,302

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

175,040

43,839

67,243

57,930

-10,498

136,397

25,115

65,637

64,924

-

-

-

-

-

10,906

-

-

-228,619

-275,319

-246,366

-76,588

74,247

46,123

28,860

25,899

22,431

22,668

25,151

-15,459

-21,377

-9,790

-10,389

6,865

5,371

6,194

7,106

-34,501

Income tax provision (benefit)
Current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,141

-

-

-

-295

-

-

-2,525

-156

1,539

1,275

-576

902

32

46

-

188

0

-

-

0

-46

-

Deferred

39,957

10,197

13,490

12,858

-1,013

-7,236

0

0

0

-

-

-

-

-

-

-

-

-1,577

-33,010

-89,350

-26,390

30,226

16,660

9,095

8,261

7,632

1,661

0

0

0

-781

-3,713

3,064

1,431

0

0

-6,906

Total income tax provision (benefit)

39,957

10,197

13,490

12,858

-1,013

-

0

0

-

-

-

-

-

-

-1,141

-

-

1,677

-33,305

-89,350

-26,390

27,701

16,504

10,634

9,536

7,056

2,563

32

46

-188

-593

-3,713

3,064

1,431

0

-46

-6,906

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

135,083

33,642

53,753

45,072

-9,485

144,088

25,115

65,637

64,924

42,441

17,979

31,687

45,900

104,310

12,047

-105,747

-107,667

-230,557

-242,014

-157,016

-50,198

46,563

29,619

18,226

16,363

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

9,354

9,623

9,800

8,320

7,462

7,375

7,321

5,831

5,030

4,106

2,940

3,178

1,916

155

116

106

-13

105

45

75

36

-17

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Matador Resources Company shareholders

125,729

24,019

43,953

36,752

-16,947

136,713

17,794

59,806

59,894

38,335

15,039

28,509

43,984

104,155

11,931

-105,853

-107,654

-230,140

-242,059

-157,091

-50,234

46,546

29,619

18,226

16,363

15,375

20,105

25,119

-15,505

-21,189

-9,197

-6,676

3,801

3,940

6,194

7,152

-27,595

Earnings (loss) per common share
Basic (in dollars per share)

1.08

0.20

0.38

0.32

-0.15

1.18

0.15

0.53

0.55

0.36

0.15

0.28

0.44

1.21

0.13

-1.15

-1.26

-2.91

-2.86

-1.89

-0.68

0.66

0.40

0.27

0.25

0.25

0.35

0.45

-0.28

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

1.08

0.21

0.38

0.31

-0.15

1.18

0.15

0.53

0.55

0.36

0.15

0.28

0.44

1.21

0.13

-1.15

-1.26

-2.91

-2.86

-1.89

-0.68

0.65

0.40

0.26

0.25

0.25

0.35

0.45

-0.28

-

-

-

-

-

-

-

-

Weighted average common shares outstanding
Weighted average common shares outstanding
Weighted Average Number of Shares Outstanding, Basic

116,607

117,691

116,643

116,571

115,315

116,343

116,358

112,706

108,913

107,741

100,365

100,211

99,799

94,057

93,384

92,346

85,305

84,706

84,685

82,938

73,819

73,360

73,341

68,531

65,684

-

58,016

55,839

-

55,270

55,271

55,271

50,016

42,767

42,751

42,698

42,655

Weighted Average Number of Shares Outstanding, Diluted

116,684

119,058

116,976

116,903

115,315

115,384

116,912

113,056

109,412

109,143

100,504

100,227

100,298

93,717

93,724

92,346

85,305

84,706

84,685

82,938

73,819

74,147

74,028

69,220

66,229

66,355

58,152

55,937

55,272

55,201

55,271

55,271

50,085

42,524

42,879

42,813

42,655

Oil and natural gas revenues
Revenue from Contract with Customer, Excluding Assessed Tax

197,914

258,619

229,377

211,060

193,269

193,445

216,282

209,019

181,954

-

-

113,764

114,847

94,815

83,079

69,336

43,926

56,212

71,815

87,848

62,465

93,110

96,617

99,054

78,931

69,664

81,868

58,179

59,319

52,748

38,008

36,078

29,164

14,990

17,447

20,864

13,698

Third-party midstream services revenues
Revenue from Contract with Customer, Excluding Assessed Tax

15,830

17,656

15,257

14,359

11,838

8,636

6,809

3,407

3,068

-

-

2,099

1,555

2,261

1,566

918

473

-

569

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Plant and other midstream services operating

9,964

10,243

8,817

8,422

9,316

7,422

7,291

5,676

4,220

4,660

3,096

2,942

2,341

1,852

1,449

1,061

1,027

-

1,450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of purchased natural gas
Revenue from Contract with Customer, Excluding Assessed Tax

10,544

34,711

19,864

8,963

11,231

7,071

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease bonus - mineral acreage

-

-

1,711

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-