v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Revenues $ 69,383 $ 80,527 $ 141,243 $ 136,313
Operating expenses:        
Lease operating expenses 8,435 11,225 18,805 20,110
Production taxes 2,992 3,841 6,495 6,481
Gathering and transportation 1,320 1,207 3,681 1,919
Depreciation, depletion, amortization and accretion 32,661 36,506 68,625 57,315
Exploration costs 1,113 1,875 2,368 2,311
General and administrative 9,344 7,930 18,399 15,027
(Gain) loss on disposition of property and equipment (11,123) 163 (11,114) 296
Total operating expenses 44,742 62,747 107,259 103,459
Operating income 24,641 17,780 33,984 32,854
Other income (expense):        
Interest expense, net (6,010) (4,662) (11,610) (8,529)
Gain (loss) on commodity derivative instruments, net 28,377 (19,954) (76,194) (41,239)
Other income, net 31 290 93 422
Total other income (expense), net 22,398 (24,326) (87,711) (49,346)
Income (loss) before income taxes 47,039 (6,546) (53,727) (16,492)
Income tax expense (benefit) 1,517 (15,210) 4,823 (17,400)
Net income (loss) 45,522 8,664 (58,550) 908
Net income (loss) attributable to noncontrolling interest 26,444 (8,347) (47,465) (22,423)
Net income (loss) attributable to Rosehill Resources Inc. before preferred stock dividends 19,078 17,011 (11,085) 23,331
Series A Preferred Stock dividends and deemed dividends 2,027 1,968 4,033 3,897
Series B Preferred Stock dividends, deemed dividends, and return 5,863 5,844 11,671 11,576
Net income (loss) attributable to Rosehill Resources Inc. common stockholders $ 11,188 $ 9,199 $ (26,789) $ 7,858
Earnings (loss) per common share:        
Basic (USD per share) $ 0.78 $ 1.43 $ (1.90) $ 1.24
Diluted (USD per share) $ 0.54 $ (0.32) $ (1.90) $ (0.70)
Weighted average common shares outstanding:        
Basic (shares) 14,382 6,430 14,108 6,327
Diluted (shares) 24,562 36,238 14,108 36,135
Oil sales        
Revenues:        
Revenues $ 66,840 $ 73,061 $ 132,693 $ 124,615
Natural gas sales        
Revenues:        
Revenues (649) 2,308 825 4,053
Natural gas liquids sales        
Revenues:        
Revenues $ 3,192 $ 5,158 $ 7,725 $ 7,645

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