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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 82,557,000 $ 15,295,000 $ 218,870,000 $ 47,461,000
Operating expenses:        
Lease operating expenses 9,205,000 2,944,000 29,315,000 6,479,000
Production taxes 4,034,000 707,000 10,515,000 2,174,000
Gathering and transportation 1,327,000 835,000 3,246,000 2,329,000
Depreciation, depletion, amortization and accretion 47,469,000 8,383,000 104,784,000 26,150,000
Impairment of oil and natural gas properties 0 0 0 0
Exploration costs 1,348,000 434,000 3,659,000 1,208,000
General and administrative 8,342,000 5,069,000 23,369,000 8,738,000
Transaction costs 0 149,000 0 2,618,000
(Gain) loss on disposition of property and equipment 29,000 0 325,000 (11,000)
Total operating expenses 71,754,000 18,521,000 175,213,000 49,685,000
Operating income 10,803,000 (3,226,000) 43,657,000 (2,224,000)
Other income (expense):        
Interest expense, net (5,363,000) (300,000) (13,892,000) (1,274,000)
Gain (loss) on commodity derivative instruments, net (67,314,000) (1,451,000) (108,553,000) 1,751,000
Other income (expense), net (93,000) (148,000) 329,000 (105,000)
Total other income (expense), net (72,770,000) (1,899,000) (122,116,000) 372,000
Loss before income taxes (61,967,000) (5,125,000) (78,459,000) (1,852,000)
Income tax expense (benefit) 22,923,000 (923,000) 5,523,000 (650,000)
Net income (loss) (84,890,000) (4,202,000) (83,982,000) (1,202,000)
Net income (loss) attributable to noncontrolling interest (61,450,000) (5,680,000) (83,873,000) (8,009,000)
Net income attributable to Rosehill Resources Inc. before preferred stock dividends (23,440,000) 1,478,000 (109,000) 6,807,000
Series A Preferred Stock dividends and deemed dividends 2,011,000 1,942,000 5,907,000 10,014,000
Series B Preferred Stock dividends, deemed dividends, and return 5,917,000 0 17,494,000 0
Net income (loss) attributable to Rosehill Resources Inc. common stockholders $ (31,368,000) $ (464,000) $ (23,510,000) $ (3,207,000)
Earnings (loss) per common share:        
Basic (USD per share) $ (4.76) $ (0.08) $ (3.66) $ (0.55)
Diluted (USD per share) $ (4.76) $ (0.08) $ (3.66) $ (0.55)
Weighted average common shares outstanding:        
Basic (shares) 6,592 5,857 6,416 5,857
Diluted (shares) 6,592 5,857 6,416 5,857
Oil sales        
Revenues:        
Total revenues $ 72,799,000 $ 11,435,000 $ 197,414,000 $ 36,464,000
Natural gas sales        
Revenues:        
Total revenues 2,633,000 1,881,000 6,686,000 5,592,000
Natural gas liquids sales        
Revenues:        
Total revenues $ 7,125,000 $ 1,979,000 $ 14,770,000 $ 5,405,000

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