Matador Resources Co. Form 8-K Summary
Business Context and Reporting Period
Company: Matador Resources Company
Filing Date: January 7, 2013
Reporting Period: Operational update for the period ending December 31, 2012 (as referenced in the attached press release).
Event: Item 2.02 Results of Operations and Financial Condition; Item 7.01 Regulation FD Disclosure.
Key Financial Metrics
The filing text serves as a cover document referencing an attached press release (Exhibit 99.1) for specific data. The text itself does not provide numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It confirms the use of the following non-GAAP measures in the referenced exhibit:
- Adjusted EBITDA: Earnings before interest, taxes, depletion, depreciation, amortization, and other non-cash items.
- PV-10: Present value of estimated total proved reserves discounted at 10% (pre-tax).
Note: Specific financial figures are not present in the provided text; they are contained within the referenced Exhibit 99.1.
Material Changes
The filing indicates an operational update was issued. The text does not detail specific material changes versus prior periods, as those details are located in the incorporated press release.
Guidance, Outlook, and Risks
Management Commentary: The company provided reconciliations of non-GAAP measures to GAAP measures and explained the utility of these metrics for investors.
Regulatory Status: The information furnished in this Item 2.02 and Item 7.01 is not deemed "filed" under Section 18 of the Exchange Act and will not be incorporated by reference into Securities Act filings unless specifically identified.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated January 7, 2013) for specific production volumes, reserve estimates, and financial results.
- Verify the reconciliation of Adjusted EBITDA and PV-10 to GAAP net income and total assets.
- Confirm the impact of commodity price fluctuations on the reported PV-10 value.
- Check for any updates to capital expenditure plans or debt covenants mentioned in the full press release.