Business Context and Reporting Period
This Form 8-K is a current report filed by Halcón Resources Corporation (not Battalion Oil Corp) on August 8, 2019. The filing serves to announce the issuance of a press release regarding the Company's financial results for the second quarter of 2019.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references a press release (Exhibit 99.1) containing these details, including both GAAP and non-GAAP measures such as EBITDA and adjusted cash flow from operations, but the figures themselves are not included in the provided text.
Material Changes
The filing does not detail specific material changes versus prior periods. It notes that the referenced press release includes comparisons to prior periods using adjusted non-GAAP measures to highlight the impact of selected items on reported results.
Guidance, Outlook, and Risks
Non-GAAP Measures: Management discloses net income, earnings per share, EBITDA, and cash flow from operations excluding selected items. The filing explicitly states these are not GAAP measures and may not be comparable to those used by other companies.
Legal Disclaimer: Exhibit 99.1 (the press release) is furnished but not "filed" for purposes of Section 18 of the Exchange Act and will not be incorporated by reference into registration statements unless specifically identified.
Investor Verification Checklist
- Verify the correct registrant name is Halcón Resources Corporation (Ticker: HKRS), not Battalion Oil Corp.
- Review Exhibit 99.1 (the press release) for actual Q2 2019 financial figures, as they are absent from the 8-K text.
- Examine the reconciliation between GAAP and non-GAAP measures provided in the press release to understand the impact of excluded items.
- Confirm the trading status of the Common Stock on the OTC Pink market.