Matador Resources Co. 8-K Summary
Business Context and Reporting Period
Matador Resources Co. filed this Form 8-K on February 12, 2014, to disclose an operational update and proved oil and natural gas reserves as of December 31, 2013. The filing incorporates a press release (Exhibit 99.1) detailing the company's performance for the year ended December 31, 2013.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the referenced press release (Exhibit 99.1) and are not explicitly stated in the 8-K body text. The filing notes the inclusion of a non-GAAP financial measure: Present Value discounted at 10% (pre-tax) of estimated total proved reserves (PV-10), with reconciliations to GAAP measures provided in the exhibit.
Material Changes
The filing does not explicitly detail material changes versus prior periods within the text provided. It serves as a vehicle to distribute the press release containing the year-end 2013 operational and reserve data.
Guidance, Outlook, and Risks
The filing includes a Regulation FD disclosure regarding the press release. It explicitly states that the information furnished, including the press release, shall not be 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. No specific forward-looking guidance or risk factors are detailed in the 8-K text itself.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific 2013 revenue, earnings, and cash flow figures.
- Verify the PV-10 non-GAAP measure and its reconciliation to GAAP net asset value in the press release.
- Confirm the specific volume of proved oil and natural gas reserves reported for December 31, 2013.
- Check for any operational updates regarding production rates or drilling activity mentioned in the exhibit.