Business Context and Reporting Period
This Form 8-K was filed by Halcón Resources Corporation on November 9, 2017. The filing serves to announce the Company's financial results for the third quarter of 2017. The report references a press release (Exhibit 99.1) containing the detailed results.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It states that the press release furnished as Exhibit 99.1 contains these figures, including both GAAP and non-GAAP measures such as EBITDA and adjusted cash flow from operations.
Material Changes
The filing text does not disclose specific material changes or comparative data versus prior periods. It notes that the press release includes reconciliations between GAAP and non-GAAP measures to facilitate comparisons with prior periods, but the specific variances are not detailed in this document.
Guidance, Outlook, and Risks
The filing does not contain specific forward-looking guidance, management commentary on future outlook, or a detailed list of risks and contingencies. It includes standard disclosures regarding the use of non-GAAP financial measures, noting that these measures are not substitutes for GAAP metrics and may not be comparable to those used by other companies.
Investor Verification Checklist
- Review Exhibit 99.1 (the press release) for specific Q3 2017 revenue, net income, and EBITDA figures.
- Verify the reconciliation tables between GAAP and non-GAAP measures provided in the press release.
- Confirm the specific adjustments made to general and administrative and gathering expenses.
- Check for any updated production volumes or commodity price assumptions in the full press release.