Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: June 4, 2012
Reporting Period Referenced: Quarter ended March 31, 2012
Purpose: Disclosure of presentation materials furnished to potential investors regarding the Company's business and financial results for the first quarter of 2012.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document serves as a notice that presentation materials containing this data are attached as Exhibit 99.1.
Non-GAAP Measure Defined: The filing defines "Adjusted EBITDA" as earnings before interest expense, income taxes, depletion, depreciation and amortization, accretion of asset retirement obligations, property impairments, unrealized derivative gains and losses, non-recurring income and expenses, and non-cash stock-based compensation expense.
Material Changes
The filing text does not explicitly detail material changes versus the prior comparable period. It references the inclusion of such information within the attached presentation materials (Exhibit 99.1).
Guidance, Outlook, and Risks
- Management Commentary: The Company expects to make presentations to potential investors using the attached materials.
- Regulatory Status: The information furnished, including Exhibit 99.1, is not deemed "filed" under Section 18 of the Exchange Act and will not be incorporated by reference into any Securities Act filing unless specifically identified.
- Reconciliations: The attached materials include reconciliations of Adjusted EBITDA to the most directly comparable GAAP measures and explanations for their utility to investors.
Investor Verification Checklist
- Review Exhibit 99.1 (Presentation Materials) for specific Q1 2012 revenue, production, and cash flow figures.
- Verify the reconciliation between GAAP net income and the non-GAAP Adjusted EBITDA metric provided in the presentation.
- Confirm that the presentation materials have not been incorporated by reference into other filings unless explicitly stated.
- Check for any updates to the Company's asset retirement obligations or property impairments mentioned in the non-GAAP adjustments.