CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (unaudited) - USD ($)
$ in Thousands
Total
Common Stock Class A
Common Stock Class C
Series A Preferred Stock
Common Stock
Common Stock Class A
Common Stock
Common Stock Class C
Preferred Stock
Series A Preferred Stock
Preferred Stock
Series B Preferred Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Total Shareholders’ Equity
Noncontrolling Interest
Conversion of Class C Common Stock to Class A Common Stock
Conversion of Class C Common Stock to Class A Common Stock
Common Stock
Common Stock Class A
Conversion of Class C Common Stock to Class A Common Stock
Common Stock
Common Stock Class C
Conversion of Class C Common Stock to Class A Common Stock
Additional Paid-In Capital
Conversion of Class C Common Stock to Class A Common Stock
Total Shareholders’ Equity
Conversion of Class C Common Stock to Class A Common Stock
Noncontrolling Interest
Common shares outstanding at beginning of period (in shares) at Dec. 31, 2016         201,092,000 19,156,000                        
Balance at beginning of period at Dec. 31, 2016 $ 2,552,935       $ 20 $ 2 $ 0 $ 0 $ 2,364,049 $ (8,929) $ 2,355,142 $ 197,793            
Preferred shares outstanding at beginning of period (in shares) at Dec. 31, 2016             0 104,000                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Warrants exercised (in shares)         6,233,000                          
Warrants exercised         $ 1       (1)                  
Restricted stock issued (in shares)         268,000                          
Stock-based compensation 2,610               2,610   2,610              
Change in equity due to issuance of shares by Centennial Resource Production, LLC                 2,846   2,846 (2,846)            
Net income 10,707                 9,823 9,823 884            
Common shares outstanding at end of period (in shares) at Mar. 31, 2017         207,593,000 19,156,000                        
Balance at end of period at Mar. 31, 2017 2,566,252       $ 21 $ 2 $ 0 $ 0 2,369,504 894 2,370,421 195,831            
Preferred shares outstanding at end of period (in shares) at Mar. 31, 2017             0 104,000                    
Common shares outstanding at beginning of period (in shares) at Dec. 31, 2017   260,327,920 15,661,338   261,338,000 15,661,000                        
Balance at beginning of period at Dec. 31, 2017 3,003,972       $ 26 $ 2 $ 0 $ 0 2,767,558 66,639 2,834,225 169,747            
Preferred shares outstanding at beginning of period (in shares) at Dec. 31, 2017       1     0 0                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Restricted stock issued (in shares)         199,000                          
Restricted stock forfeited (in shares)         (26,000)                          
Restricted stock used for tax withholding (in shares)         (10,000)                          
Restricted stock used for tax withholding (192)               (192)   (192)              
Option Exercises (in shares)         10,000                          
Option Exercises 164               164   164              
Stock-based compensation 4,333               4,333   4,333              
Conversion of common shares from Class C to Class A, net of tax (in shares)                           3,347,000 (3,347,000)      
Conversion of common shares from Class C to Class A, net of tax                         $ 6,669 $ 1 $ (1) $ 42,188 $ 42,188 $ (35,519)
Net income 70,772                 66,090 66,090 4,682            
Common shares outstanding at end of period (in shares) at Mar. 31, 2018   263,738,776 12,313,691   264,858,000 12,314,000                        
Balance at end of period at Mar. 31, 2018 $ 3,085,718       $ 27 $ 1 $ 0 $ 0 $ 2,814,051 $ 132,729 $ 2,946,808 $ 138,910            
Preferred shares outstanding at end of period (in shares) at Mar. 31, 2018       1     0 0