XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated and Combined Statement of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES        
Total revenues $ 23,078 $ 25,107 $ 67,963 $ 67,901
OPERATING EXPENSES        
Gathering, transportation and marketing 1,702 1,113 5,106 3,750
Severance and ad valorem taxes 1,393 1,377 4,179 4,206
Depreciation, depletion, and amortization 11,801 8,434 35,827 20,310
Impairment of oil and gas properties 18,905 0 18,905 0
General and administrative 5,162 5,068 16,562 16,779
Total operating expenses 38,963 15,992 80,579 45,045
(LOSS) INCOME FROM OPERATIONS (15,885) 9,115 (12,616) 22,856
Gain (loss) on derivative instruments, net 0 91 0 (521)
Interest expense, net (118) (65) (695) (5,160)
Loss on extinguishment of debt 0 0 0 (6,933)
Other income, net 4 130 29 165
(Loss) income before income taxes (15,999) 9,271 (13,282) 10,407
Income tax (benefit) expense (2,982) 807 (2,250) 1,114
NET (LOSS) INCOME (13,017) 8,464 (11,032) 9,293
Less: net income attributable to Predecessor 0 0 0 (5,092)
Less: net loss (income) attributable to temporary equity 3,552 (5,318) 2,223 (2,377)
Net (loss) income attributable to Brigham Minerals, Inc. shareholders $ (9,465) $ 3,146 $ (8,809) $ 1,824
NET (LOSS) INCOME PER COMMON SHARE        
Basic (in dollars per share) $ (0.24) $ 0.14 $ (0.24) $ 0.07
Diluted (in dollars per share) $ (0.24) $ 0.14 $ (0.24) $ 0.07
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 40,124 21,838 36,475 13,299
Diluted (in shares) 40,124 21,926 36,475 13,346
Mineral and royalty revenues        
REVENUES        
Total revenues $ 21,568 $ 24,135 $ 62,485 $ 64,774
Lease bonus and other revenues        
REVENUES        
Total revenues $ 1,510 $ 972 $ 5,478 $ 3,127