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CONDENSED CONSOLIDATED STATEMENTS OF INCOME — UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Revenues $ 855,195 $ 649,890 $ 1,640,538 $ 1,213,564
Realized gain (loss) on derivatives 3,770 (3,148) 4,045 521
Unrealized loss on derivatives (11,829) (8,659) (9,754) (15,726)
Total revenues 847,136 638,083 1,634,829 1,198,359
Expenses        
Production taxes, transportation and processing 76,812 61,991 146,965 117,477
Lease operating 79,030 61,043 155,325 105,450
Purchased natural gas 35,240 27,103 74,672 55,551
Depletion, depreciation and amortization 225,934 177,514 438,245 303,839
Accretion of asset retirement obligations 1,329 792 2,602 1,491
General and administrative 27,913 26,715 57,566 49,148
Total expenses 483,516 385,815 952,256 694,658
Operating income 363,620 252,268 682,573 503,701
Other income (expense)        
Net loss on impairment 0 (202) 0 (202)
Interest expense (35,986) (34,229) (75,548) (50,405)
Other (expense) income (2,121) 16,564 (1,544) 16,903
Total other expense (38,107) (17,867) (77,092) (33,704)
Income before income taxes 325,513 234,401 605,481 469,997
Income tax provision (benefit)        
Current 30,104 (4,929) 47,376 0
Deferred 47,882 62,235 97,388 113,978
Total income tax provision 77,986 57,306 144,764 113,978
Net income 247,527 177,095 460,717 356,019
Net income attributable to non-controlling interest in subsidiaries (18,758) (12,429) (38,219) (28,223)
Net income attributable to Matador Resources Company shareholders $ 228,769 $ 164,666 $ 422,498 $ 327,796
Earnings per common share        
Basic (in dollars per share) $ 1.83 $ 1.38 $ 3.46 $ 2.75
Basic (in shares) 124,786 119,183 122,253 119,109
Diluted (in shares) 124,896 119,842 122,438 119,856
Diluted (in dollars per share) $ 1.83 $ 1.37 $ 3.45 $ 2.73
Weighted average common shares outstanding $ 1.83 $ 1.38 $ 3.46 $ 2.75
Oil and natural gas revenues        
Revenues        
Revenues $ 776,279 $ 587,917 $ 1,479,819 $ 1,090,826
Third-party midstream services revenues        
Revenues        
Revenues 32,651 30,075 65,008 56,586
Expenses        
Plant and other midstream services operating 37,258 30,657 76,881 61,702
Sales of purchased natural gas        
Revenues        
Revenues $ 46,265 $ 31,898 $ 95,711 $ 66,152