CONSOLIDATED STATEMENTS 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
Additional Paid-In Capital
Common Stock Class A
Retained Earnings (Accumulated Deficit)
Total Shareholders’ Equity
Total Shareholders’ Equity
Common Stock Class A
Noncontrolling Interest
Conversion of Class B Preferred Stock to Class A Common Stock
Common Stock
Common Stock Class A
Conversion of Class B Preferred Stock to Class A Common Stock
Preferred Stock
Series B Preferred Stock
Conversion of Class B Preferred Stock to Class A Common Stock
Additional Paid-In Capital
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)         6,236,000                                  
Warrants exercised         $ 1       (1)                          
Restricted stock issued (in shares)         324,000                                  
Restricted stock forfeited (in shares)         (7,000)                                  
Conversion of common and preferred shares (in shares)                             26,100,000 (104,000)            
Conversion of common and preferred shares                             $ 3   $ (3)          
Sale of unregistered Class A common shares (in shares)         23,500,000                                  
Sale of unregistered Class A common shares 340,750       $ 2         $ 340,748     $ 340,750                  
Underwriters' discount and offering expense (7,233)               (7,233)     (7,233)                    
Stock-based compensation 5,595               5,595     5,595                    
Change in equity due to issuance of shares by Centennial Resource Production, LLC                 (2,682)     (2,682)   2,682                
Net income 33,905                   30,585 30,585   3,320                
Common shares outstanding at end of period (in shares) at Jun. 30, 2017         257,245,000 19,156,000                                
Balance at end of period at Jun. 30, 2017 2,925,952       $ 26 $ 2 $ 0 $ 0 2,700,473   21,656 2,722,157   203,795                
Preferred shares outstanding at end of period (in shares) at Jun. 30, 2017             0 0                            
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)         222,000                                  
Restricted stock forfeited (in shares)         (43,000)                                  
Conversion of common and preferred shares (in shares)                                   3,347,000 (3,347,000)      
Conversion of common and preferred shares 6,669                                 $ 1 $ (1) $ 42,188 $ 42,188 $ (35,519)
Restricted stock used for tax withholding (in shares)         (14,000)                                  
Restricted stock used for tax withholding (257)               (257)     (257)                    
Option Exercises (in shares)         38,000                                  
Option Exercises 575               575     575                    
Stock-based compensation 8,988               8,988     8,988                    
Net income 138,254                   129,631 129,631   8,623                
Common shares outstanding at end of period (in shares) at Jun. 30, 2018   263,775,433 12,313,691   264,888,000 12,314,000                                
Balance at end of period at Jun. 30, 2018 $ 3,158,201       $ 27 $ 1 $ 0 $ 0 $ 2,819,052   $ 196,270 $ 3,015,350   $ 142,851                
Preferred shares outstanding at end of period (in shares) at Jun. 30, 2018       1     0 0