Matador Resources Co. 8-K Summary
Business Context and Reporting Period
Matador Resources Company (MTDR) filed a Current Report on Form 8-K on February 21, 2023. The filing announces financial results for the three and twelve months ended December 31, 2022, and includes an operational update as of February 21, 2023, along with the 2023 operating plan and market guidance.
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 Earnings Press Release (Exhibit 99.1), which is incorporated by reference but not detailed in the 8-K body text.
The Company utilizes the following non-GAAP financial measures in its reporting:
- Adjusted EBITDA attributable to shareholders.
- Adjusted EBITDA of San Mateo Midstream, LLC.
- Adjusted net income (loss) attributable to shareholders.
- Adjusted earnings (loss) per diluted common share.
- Adjusted free cash flow for both the Company and San Mateo.
- Present value (discounted at 10% pre-tax) of estimated total proved reserves.
Material Changes and Guidance
The filing references an operational update and 2023 operating plan and market guidance within the attached press release. Specific details regarding material changes versus prior periods, future outlook, risks, contingencies, or unusual items are not present in the 8-K text itself and must be sourced from Exhibit 99.1.
Investor Verification Checklist
- Review Exhibit 99.1 (Earnings Press Release) for specific GAAP and non-GAAP financial results for Q4 and Full Year 2022.
- Verify the 2023 operating plan and market guidance details provided in the press release.
- Examine the reconciliations of non-GAAP measures to GAAP measures included in the press release.
- Check the accompanying investor presentation available on the Company's website for further operational context.