Business Context and Reporting Period
This Form 8-K was filed by Halcón Resources Corporation (not Battalion Oil Corp) on November 9, 2016. The filing serves to announce the Company's financial results for the third quarter of 2016. The detailed results are contained in a press release furnished as Exhibit 99.1.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references a press release (Exhibit 99.1) that contains these figures, including both GAAP and non-GAAP measures such as adjusted net income, earnings per share, EBITDA, and cash flow from operations.
Material Changes
The filing does not explicitly detail material changes versus prior periods within the text provided. It notes that the accompanying press release includes reconciliations between GAAP and non-GAAP measures to facilitate comparisons with prior periods.
Guidance, Outlook, and Risks
The filing includes a standard disclaimer regarding non-GAAP financial measures. Management 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, outlook, or new risk factors are detailed in the text of this 8-K form.
Investor Verification Checklist
- Verify the specific Q3 2016 revenue, net income, and EBITDA figures in Exhibit 99.1 (the press release).
- Review the reconciliation tables in the press release to understand adjustments made to GAAP figures.
- Confirm the Company name is Halcón Resources Corporation, as the metadata reference to "Battalion Oil Corp" appears to be incorrect based on the filing text.
- Check for any updated liquidity or debt covenants mentioned in the full press release not summarized here.