Matador Resources Co. 8-K Summary
Business Context and Reporting Period
Matador Resources Company (MTDR) filed this Current Report on Form 8-K on February 22, 2022. The filing announces financial results for the three and twelve months ended December 31, 2021, and provides an operational update as of the filing date. The company is incorporated in Texas and trades on the New York Stock Exchange.
Key Financial Metrics
The filing text references an attached Earnings Press Release (Exhibit 99.1) containing specific financial data but does not explicitly state the numerical values for revenue, profit, cash flow, margins, debt, or liquidity within the body of this 8-K document. The company reports the following non-GAAP measures in the referenced exhibit:
- Adjusted EBITDA attributable to shareholders.
- Adjusted EBITDA of San Mateo Midstream, LLC.
- Adjusted net income (loss) and adjusted earnings 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.
Reconciliations of these non-GAAP measures to GAAP financial measures are provided in the attached press release.
Material Changes
The filing text does not provide specific comparative data or quantify material changes versus prior periods. Investors must refer to Exhibit 99.1 for year-over-year or quarter-over-quarter performance analysis.
Guidance, Outlook, and Management Commentary
On February 22, 2022, the Company issued a Guidance Press Release (Exhibit 99.2) announcing its 2022 operating plan and market guidance. Accompanying presentations summarizing the earnings and guidance highlights are available on the Company's Investor Relations website. The filing notes that the information in these exhibits is not deemed "filed" under Section 18 of the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Review Exhibit 99.1 (Earnings Press Release) for specific GAAP and non-GAAP financial figures for Q4 and FY 2021.
- Examine Exhibit 99.2 (Guidance Press Release) for the 2022 operating plan and market outlook.
- Verify the reconciliation of non-GAAP measures (Adjusted EBITDA, Adjusted Free Cash Flow) to GAAP standards in the attached exhibits.
- Check the Company's website for the accompanying investor presentations referenced in Item 7.01.