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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, 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]              
Current period net income 356,019            
Balance at end of period (in shares) at Jun. 30, 2023     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           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' 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 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     119,272,000        
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           126,000  
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     124,835,000        
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           55,000  
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]              
Current period net income $ 460,717            
Balance at end of period (in shares) at Jun. 30, 2024 124,811,349   124,886,000        
Balance at end of period at Jun. 30, 2024 $ 4,855,605 4,631,626 $ 1,249 2,483,075 2,150,292 $ (2,990) 223,979
Treasury stock, end of period (in shares) at Jun. 30, 2024 74,381         74,000  
Balance at beginning of period (in shares) at Mar. 31, 2024     124,835,000        
Balance at beginning 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, beginning of period (in shares) at Mar. 31, 2024           55,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared (24,889) (24,889)     (24,889)    
Issuance of common stock pursuant to employee stock compensation plan (in shares)     33,000        
Issuance of common stock pursuant to employee stock compensation plan 1,028 1,028 $ 1 1,027      
Cost to issue equity (2,513) (2,513)   (2,513)      
Issuance of common stock pursuant to directors' compensation plan (in shares)     18,000        
Stock-based compensation expense related to equity-based awards including amounts capitalized 4,967 4,967   4,967      
Restricted stock forfeited (in shares)           19,000  
Restricted stock forfeited (899) (899)       $ (899)  
Contribution related to formation of San Mateo 6,913 6,913   6,913      
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries 11,760           11,760
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (24,451)           (24,451)
Current period net income $ 247,527 228,769     228,769   18,758
Balance at end of period (in shares) at Jun. 30, 2024 124,811,349   124,886,000        
Balance at end of period at Jun. 30, 2024 $ 4,855,605 $ 4,631,626 $ 1,249 $ 2,483,075 $ 2,150,292 $ (2,990) $ 223,979
Treasury stock, end of period (in shares) at Jun. 30, 2024 74,381         74,000