SEC Filing Summary: Halcón Resources Corporation
Business Context and Reporting Period
This Form 8-K was filed by Halcón Resources Corporation on May 2, 2013. The report serves to disclose the Company's financial results for the first quarter of 2013. The filing references a press release (Exhibit 99.1) containing the detailed financial data.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It states that these metrics, including both GAAP and non-GAAP measures (such as adjusted net income and cash flow from operations), are contained within the attached press release (Exhibit 99.1).
Material Changes
The filing does not explicitly detail material changes versus the prior comparable period within the text provided. It notes that management presents non-GAAP measures to facilitate comparisons to similarly adjusted measurements of prior periods, but specific comparative figures are absent from this summary document.
Guidance, Outlook, and Risks
The filing includes standard disclosures regarding non-GAAP financial measures. Management asserts that these adjusted measures help users understand the impact of selected items on reported results. The document explicitly states that these non-GAAP measures are not substitutes for GAAP measures and may not be comparable to those used by other companies. No specific forward-looking guidance or new risk factors are detailed in the text of this 8-K.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated May 2, 2013) for specific Q1 2013 revenue, net income, and cash flow figures.
- Verify the reconciliation between GAAP and non-GAAP financial measures provided in the press release.
- Confirm the specific "selected items" excluded from non-GAAP calculations to understand their impact on earnings.
- Compare the reported Q1 2013 results against Q1 2012 figures found in the referenced press release.