Business Context and Reporting Period
This Form 8-K is a current report filed by Halcón Resources Corporation (not Battalion Oil Corp) on May 9, 2016. The filing serves to announce the Company's financial results for the first quarter of 2016. The actual financial data is contained in a press release furnished as Exhibit 99.1, which is not included in the text of this filing.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references the existence of these metrics in the attached press release (Exhibit 99.1) but does not disclose them within the body of the 8-K.
- Revenue/Profit: Not stated in filing text.
- Cash Flow: Not stated in filing text.
- Non-GAAP Measures: The filing notes that management discloses adjusted net income, earnings per share, and cash flow from operations, but specific figures are absent.
Material Changes
The filing does not detail specific material changes versus prior periods. It only states that the press release contains comparisons to prior periods using both GAAP and non-GAAP measures.
Guidance, Outlook, and Risks
Non-GAAP Disclosure: The filing explicitly warns that the press release contains non-GAAP financial measures. Management asserts these measures help users understand the impact of selected items, but they are not alternatives to GAAP measures and may not be comparable to other companies' metrics.
Legal Status of Exhibit: 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 actual Q1 2016 financial figures by reviewing Exhibit 99.1 (the press release), as they are not in the 8-K text.
- Confirm the reconciliation between GAAP and non-GAAP measures provided in the press release.
- Note that the registrant name is Halcón Resources Corporation, despite the metadata reference to "Battalion Oil Corp."
- Check if the press release has been incorporated by reference in any subsequent registration statements.