SEC Filing Summary: Halcón Resources Corporation
Business Context and Reporting Period
This Form 8-K was filed by Halcón Resources Corporation on November 10, 2014. The report serves to disclose the issuance of a press release regarding the Company's financial results for the third quarter of 2014. The filing references Exhibit 99.1, which contains the detailed press release.
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 referenced press release (Exhibit 99.1) but are not included in the body of this 8-K document.
Material Changes and Non-GAAP Measures
Management discloses certain non-GAAP financial measures, including net income (loss), earnings per share, cash flow from operations, and general and administrative expenses, excluding selected items. The filing states that these measures are intended to help users understand the impact of specific items on reported results and to facilitate comparisons with prior periods. The document notes that reconciliations between these non-GAAP measures and the most directly comparable GAAP measures are included in the press release.
Guidance, Outlook, and Risks
The filing does not contain specific guidance, outlook, or management commentary beyond the reference to the third-quarter results press release. It includes standard disclaimers that non-GAAP measures are not substitutes for GAAP measures and may not be comparable to similar measures used by other companies.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q3 2014 revenue, net income, and cash flow figures.
- Examine the reconciliation tables in the press release to understand the adjustments made to derive non-GAAP metrics.
- Verify the specific "selected items" excluded from the non-GAAP calculations to assess their materiality.
- Confirm the Company's current debt levels and liquidity position as detailed in the full press release.