Matador Resources Co. 8-K Summary
Business Context and Reporting Period
Matador Resources Company (MTDR) filed a Current Report on Form 8-K on February 20, 2024. The filing announces financial results for the three and twelve months ended December 31, 2023, and includes an operational update as of February 20, 2024, along with the 2024 operating plan and market guidance.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the attached "Earnings Press Release" (Exhibit 99.1), which is incorporated by reference but not reproduced in the provided text.
The Company utilizes the following non-GAAP financial measures in its reporting:
- Adjusted EBITDA attributable to shareholders.
- Adjusted EBITDA of San Mateo Midstream, LLC.
- Adjusted net income (loss) attributable to shareholders.
- Adjusted earnings (loss) per diluted common share.
- Adjusted free cash flow for both the Company and San Mateo.
- Present value (discounted at 10% pre-tax) of estimated total proved reserves.
Material Changes and Outlook
The filing indicates that the attached press release contains an operational update and 2024 market guidance. However, the specific details regarding material changes versus prior periods, future outlook, management commentary, risks, contingencies, or unusual items are not present in the 8-K text itself and must be sourced from Exhibit 99.1.
Investor Verification Checklist
- Review Exhibit 99.1 (Earnings Press Release) for specific GAAP and non-GAAP financial results for Q4 and full-year 2023.
- Verify the 2024 operating plan and market guidance details referenced in the press release.
- Examine the reconciliation of non-GAAP measures to GAAP measures provided in the press release.
- Check the Company's Investor Relations website for the accompanying presentation mentioned in Item 7.01.