Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: February 22, 2017
Reporting Period: Financial results for the three and twelve months ended December 31, 2016, with an operational update as of February 22, 2017.
Key Financial Metrics
The filing text serves as a cover document referencing a press release (Exhibit 99.1) for specific numerical data. The text itself does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity. However, it confirms the company reported the following 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.
- Adjusted Net Income/Loss and EPS: Adjusted earnings (loss) per share.
Reconciliations of these non-GAAP measures to GAAP measures were provided in the press release.
Material Changes
The filing text does not contain specific data regarding material changes versus the prior comparable period. Investors must refer to the attached press release (Exhibit 99.1) for comparative financial performance and operational updates.
Guidance, Outlook, and Risks
Management Commentary: The company released a presentation summarizing the highlights of the press release, available on the company website under the Investors tab.
Regulatory Disclosure: The information furnished in this Item 2.02 and Item 7.01 is not deemed "filed" for purposes of Section 18 of the Exchange Act and will not be incorporated by reference into any Securities Act filing unless specifically identified.
Risks/Contingencies: No specific risks or contingencies are detailed in the text of this 8-K form; they are contained within the referenced press release.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated February 22, 2017) for specific revenue, net income, and cash flow figures.
- Verify the reconciliation of Adjusted EBITDA and PV-10 to GAAP measures as required by Regulation S-K.
- Access the company website (www.matadorresources.com) to view the presentation summarizing the financial highlights.
- Confirm the operational update details provided as of February 22, 2017, which are not included in the 8-K text itself.