Matador Resources Co. Form 8-K Summary
Business Context and Reporting Period
Matador Resources Company (MTDR) filed a Current Report on Form 8-K on April 25, 2023. The filing announces financial results for the three months ended March 31, 2023, via an attached press release (Exhibit 99.1). The company is incorporated in Texas and trades on the New York Stock Exchange.
Key Financial Metrics
The provided filing text serves as a cover document and does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The filing references a press release that includes:
- GAAP financial results for the quarter ended March 31, 2023.
- Non-GAAP measures including Adjusted EBITDA, adjusted net income, adjusted earnings per diluted share, and adjusted free cash flow for both Matador and its midstream affiliate, San Mateo Midstream, LLC.
- Present value of estimated total proved reserves discounted at 10% (pre-tax).
Specific figures for these metrics are not present in the source text provided.
Material Changes
The filing text does not provide specific data regarding material changes versus the prior comparable period. Investors must refer to the attached press release (Exhibit 99.1) for comparative analysis.
Guidance, Outlook, and Risks
The filing incorporates a press release and a presentation summarizing highlights, available on the company's investor relations website. The text notes the inclusion of non-GAAP financial measures and reconciliations to GAAP standards but does not detail specific guidance, management commentary, risks, or contingencies within this document.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q1 2023 revenue, net income, and cash flow figures.
- Verify the reconciliation of non-GAAP measures (Adjusted EBITDA, Free Cash Flow) to GAAP standards.
- Check the company website for the investor presentation referenced in Item 7.01 for operational highlights and outlook.
- Confirm the specific values for proved reserves and midstream affiliate performance (San Mateo Midstream, LLC).