Business Context and Reporting Period
This Form 8-K was filed by Halcón Resources Corporation (not Battalion Oil Corp) on February 25, 2015. The filing serves to announce the issuance of a press release regarding the Company's financial results for the fourth quarter and full year ended December 31, 2014.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are contained within the press release furnished as Exhibit 99.1, which is referenced but not included in the body of this report.
The Company notes that management discloses non-GAAP measures, including:
- Net income (loss) and earnings per share excluding selected items.
- Cash flow from operations adjusted for selected items.
- General and administrative and gathering and other expenses adjusted for selected items.
Material Changes
The filing text does not provide specific data on material changes versus prior periods. It states that the referenced press release includes reconciliations between GAAP and non-GAAP measures to facilitate comparison with prior periods.
Guidance, Outlook, and Risks
The filing does not contain specific guidance, outlook, or risk factors. It includes a standard disclaimer that the non-GAAP measures presented in the accompanying press release are not measures of financial performance under GAAP and should not be considered an alternative to GAAP net income or cash flow. Additionally, the press release (Exhibit 99.1) is not deemed "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the specific Q4 and full-year 2014 financial results in Exhibit 99.1 (Press Release dated February 25, 2015).
- Review the reconciliation tables in the press release to understand the adjustments made to derive non-GAAP measures.
- Confirm the Company's name is Halcón Resources Corporation, as the metadata reference to "Battalion Oil Corp" appears to be incorrect based on the filing content.
- Check for any subsequent filings that may incorporate the press release by reference.