Matador Resources Co. Form 8-K Summary
Business Context and Reporting Period
Matador Resources Company filed this Current Report on Form 8-K on May 1, 2019, to announce financial results for the three months ended March 31, 2019. The filing incorporates a press release (Exhibit 99.1) and an investor presentation containing an operational update as of May 1, 2019.
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 press release and presentation, which are incorporated by reference but not detailed in the 8-K body text.
The Company disclosed the use of the following non-GAAP financial measures in the referenced materials:
- Adjusted EBITDA attributable to Matador Resources Company shareholders.
- Combined Adjusted EBITDA of midstream affiliates (San Mateo Midstream, LLC and San Mateo Midstream II, LLC).
- Adjusted net income (loss) and adjusted earnings (loss) per diluted common share.
Material Changes
The filing text does not explicitly state material changes versus the prior comparable period. Investors must refer to the attached press release for comparative operational and financial data.
Guidance, Outlook, and Risks
The filing includes an operational update as of May 1, 2019, within the referenced press release. The Company provided reconciliations of non-GAAP measures to GAAP measures in the materials, citing their utility for investors. No specific guidance, risks, or contingencies are detailed in the 8-K text itself.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q1 2019 revenue, net income, and production volumes.
- Verify the reconciliation of Adjusted EBITDA to GAAP net income in the investor presentation.
- Confirm the operational update details regarding drilling activity and midstream capacity.
- Check the Company's website (www.matadorresources.com) under Investor Relations for the full presentation materials.