Matador Resources Co. Form 8-K Summary
Business Context and Reporting Period
Matador Resources Co. filed this Current Report on Form 8-K on March 2, 2015. The filing announces financial results for the three months and the full year ended December 31, 2014, and includes an operational update as of March 2, 2015.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are contained within the attached Press Release (Exhibit 99.1), which is incorporated by reference but not reproduced in the provided text.
The Company reported the following non-GAAP financial measures in the referenced Press Release:
- Adjusted EBITDA: Earnings before interest, taxes, depletion, depreciation, amortization, accretion of asset retirement obligations, impairments, unrealized derivative gains/losses, and other non-cash items.
- PV-10: Present value discounted at 10% (pre-tax) of estimated total proved reserves.
The Company provided reconciliations of these non-GAAP measures to GAAP financial measures in the Press Release.
Material Changes
The filing text does not detail specific material changes versus prior periods. It only confirms that results for the three months and year ended December 31, 2014, were announced.
Guidance, Outlook, and Risks
The filing includes an operational update as of March 2, 2015, but the text does not contain specific guidance, outlook figures, or detailed risk factors. The information is qualified in its entirety by reference to Exhibit 99.1.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, net income, and cash flow figures for Q4 and FY 2014.
- Verify the reconciliation of Adjusted EBITDA and PV-10 to GAAP net income and total assets.
- Examine the operational update for changes in production volumes or reserve estimates.
- Check for any new debt issuances or liquidity constraints mentioned in the full press release.