Matador Resources Co. 8-K Summary
Business Context and Reporting Period
This Form 8-K, filed on August 15, 2012, reports on events occurring on August 14, 2012. The filing serves to disclose the Company's financial results for the three months and six months ended June 30, 2012, via a press release attached as 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 filing explicitly identifies the use of two non-GAAP financial measures in the referenced press release:
- Adjusted EBITDA: Earnings before interest, taxes, depletion, depreciation, amortization, accretion of asset retirement obligations, impairments, unrealized derivative gains/losses, and other non-cash items.
- PV-10: Present value discounted at 10% (pre-tax) of estimated total proved reserves.
The Company states that reconciliations of these non-GAAP measures to GAAP measures are provided in the press release.
Material Changes
The filing text does not contain specific data regarding material changes in financial condition or results of operations compared to prior periods. It only confirms that results for the periods ended June 30, 2012, are being reported.
Guidance, Outlook, and Risks
The filing text does not include specific guidance, outlook, management commentary, or risk factors. It notes that the press release explains the reasons why the Company believes the non-GAAP measures provide useful information to investors.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated August 14, 2012) for specific revenue, net income, and cash flow figures.
- Verify the reconciliation of Adjusted EBITDA and PV-10 to GAAP net income and total assets as presented in the press release.
- Confirm the specific operational results for the three and six months ended June 30, 2012, which are not detailed in this 8-K summary text.