Matador Resources Co. 8-K Summary
Business Context and Reporting Period
Matador Resources Company (MTDR) filed a Current Report on Form 8-K on October 24, 2023. The filing announces financial results for the three and nine months ended September 30, 2023, via an attached press release (Exhibit 99.1).
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references a press release containing these details but does not reproduce the figures within the 8-K body text.
The Company reported the following non-GAAP financial measures in the referenced press release:
- Adjusted EBITDA attributable to Matador Resources Company shareholders.
- Adjusted EBITDA of San Mateo Midstream, LLC (midstream affiliate).
- Adjusted net income attributable to shareholders.
- Adjusted earnings per diluted common share.
- Adjusted free cash flow for both the Company and San Mateo.
Reconciliations of these non-GAAP measures to GAAP measures were provided in the press release.
Material Changes and Outlook
The filing text does not contain specific data regarding material changes versus prior periods, guidance, outlook, management commentary, risks, or unusual items. These details are contained within the incorporated press release and investor presentation.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific GAAP and non-GAAP financial figures for Q3 and YTD 2023.
- Verify the reconciliation of Adjusted EBITDA and Adjusted Free Cash Flow to GAAP net income.
- Access the investor presentation on the Company's website for management commentary and operational highlights.
- Confirm specific debt levels and liquidity positions as they are not stated in the 8-K summary text.