Matador Resources Co. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Matador Resources Company on March 26, 2012. The filing serves to disclose presentation materials (Exhibit 99.1) intended for use by the Company in presentations to potential investors. These materials contain information regarding the Company's business and financial results for the year ended December 31, 2011.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it references an attached exhibit containing these details. The filing notes that the presentation materials include "Adjusted EBITDA," defined as earnings before interest expense, income taxes, depletion, depreciation and amortization, property impairments, unrealized derivative gains and losses, non-recurring income and expenses, and non-cash stock-based compensation expense. Reconciliations to GAAP measures are included in the referenced materials.
Material Changes
The filing text does not explicitly detail material changes versus prior periods. It indicates that the attached presentation materials cover the year ended December 31, 2011, but specific comparative data is not present in the 8-K text itself.
Guidance, Outlook, and Risks
The filing discloses the existence of investor presentation materials under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure). The Company states that the non-GAAP measures provided in the materials are believed to offer useful information to investors. The filing explicitly states that the information furnished, including Exhibit 99.1, is not deemed "filed" for purposes of Section 18 of the Exchange Act and will not be incorporated by reference into other filings unless specifically identified.
Investor Verification Checklist
- Review Exhibit 99.1 (Presentation Materials) for specific financial data for the year ended December 31, 2011.
- Verify the reconciliation of Adjusted EBITDA to the most directly comparable GAAP financial measures.
- Confirm that the presentation materials have not been incorporated by reference into other Securities Act filings unless explicitly stated.
- Check for any specific risk factors or contingencies detailed within the attached presentation materials.