Business Context and Reporting Period
This Form 8-K was filed by Halcón Resources Corporation on March 12, 2019. The filing serves to announce the issuance of a press release (Exhibit 99.1) detailing the Company's financial results for the fourth quarter and full year ended December 31, 2018. The registrant is incorporated in Delaware and operates with principal executive offices in Houston, Texas.
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 figures, including both GAAP and non-GAAP measures (such as EBITDA and adjusted net income), but the data itself is not included in the body of this 8-K document.
Material Changes
No specific material changes or comparative financial data versus prior periods are detailed in this filing. The document notes that the accompanying press release provides beneficial comparisons to similarly adjusted measurements of prior periods, but the specific variances are not listed here.
Guidance, Outlook, and Risks
The filing includes standard disclosures regarding non-GAAP financial measures. Management utilizes metrics such as adjusted net income, earnings per share, EBITDA, and cash flow from operations to help users understand the impact of selected items on reported results. The Company explicitly states that these measures are not substitutes for GAAP measures and may not be comparable to those used by other companies. No specific forward-looking guidance, risk factors, or contingencies are detailed in this text.
Investor Verification Checklist
- Review Exhibit 99.1 (the press release) for actual Q4 and full-year 2018 financial figures.
- Verify the reconciliation between GAAP and non-GAAP measures provided in the press release.
- Confirm the specific "selected items" excluded from non-GAAP calculations to assess their materiality.
- Check subsequent filings for any updates to the 2018 results or 2019 guidance.