Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: May 15, 2012
Reporting Period: The filing references presentation materials regarding the quarter ended March 31, 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 company utilizes "Adjusted EBITDA," defined 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 prior periods. It indicates that such information is contained within the attached presentation materials (Exhibit 99.1).
Guidance, Outlook, and Management Commentary
- Investor Presentations: The Company expects to make presentations to potential investors using the materials furnished as Exhibit 99.1.
- Regulatory Status: 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 Securities Act filings 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.
Important Facts for Investor Verification
- Verify the specific financial results for the quarter ended March 31, 2012, by reviewing Exhibit 99.1 (Presentation Materials) attached to this filing, as the 8-K text itself contains no numerical data.
- Review the reconciliation of Adjusted EBITDA to GAAP net income in the presentation materials to understand the adjustments made.
- Note that the presentation materials are not legally "filed" under the Exchange Act unless specifically incorporated by reference in future filings.