Matador Resources Co. Form 8-K Summary
Business Context and Reporting Period
Matador Resources Company (MTDR) filed a Current Report on Form 8-K on July 27, 2021. The filing announces financial results for the three and six months ended June 30, 2021, via an attached press release (Exhibit 99.1). The company is incorporated in Texas and trades on the New York Stock Exchange.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are contained within the referenced press release (Exhibit 99.1) and are not explicitly stated in the 8-K body text.
The company utilizes several non-GAAP financial measures in its reporting, including:
- Adjusted EBITDA attributable to shareholders.
- Adjusted EBITDA of its midstream affiliate, 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.
Reconciliations of these non-GAAP measures to GAAP measures are provided in the press release.
Material Changes and Guidance
The referenced press release includes reaffirmed and updated guidance as of July 27, 2021. The filing does not detail specific material changes versus prior periods or specific risk factors within the text provided; these details are incorporated by reference from the press release and the accompanying investor presentation.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, Adjusted EBITDA, and free cash flow figures for the three and six months ended June 30, 2021.
- Verify the specific details of the "reaffirmed and updated guidance" mentioned in the filing.
- Examine the reconciliation tables in the press release to understand the adjustments made to reach non-GAAP metrics.
- Access the investor presentation on the company website (www.matadorresources.com) for additional context on the results.