SEC Filing Summary: Halcón Resources Corporation
Business Context and Reporting Period
This Form 8-K was filed by Halcón Resources Corporation on May 8, 2014, reporting events as of May 7, 2014. The filing serves to announce the Company's financial results for the first quarter of 2014. The registrant is incorporated in Delaware and maintains its 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. These figures are contained within the press release furnished as Exhibit 99.1, which is referenced but not included in the provided text. The Company notes that it discloses both GAAP measures and non-GAAP measures, such as adjusted net income, earnings per share, and cash flow from operations, to help users understand the impact of selected items on reported results.
Material Changes
The filing does not detail specific material changes versus prior periods within the text provided. It indicates that the referenced press release contains comparisons to similarly adjusted measurements of prior periods.
Guidance, Outlook, and Risks
The filing includes a standard disclaimer regarding non-GAAP financial measures. Management states that these measures are not defined by GAAP and should not be considered an alternative to net income or cash flow from operations. The text warns that these measures may not be comparable to similarly named measures used by other companies. No specific forward-looking guidance, risks, or contingencies are detailed in the provided text.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated May 7, 2014) for specific Q1 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 measures.
- Verify the specific "selected items" excluded from non-GAAP calculations to assess their impact on financial performance.
- Compare the reported Q1 2014 results against Q1 2013 figures provided in the press release to identify year-over-year trends.