Business Context and Reporting Period
This Form 8-K is a current report filed by Halcón Resources Corporation (not Battalion Oil Corp as indicated in metadata) on August 2, 2012. The filing serves to announce the Company's financial results for the second quarter of 2012 via a press release furnished as Exhibit 99.1.
Key Financial Metrics
The filing text itself does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the attached press release (Exhibit 99.1), which is referenced but not included in the provided text.
- Revenue, Profit, Cash Flow: Not provided in the filing text.
- Non-GAAP Measures: The Company discloses Net Income (Loss) and Earnings Per Share excluding selected items to help users understand the impact of specific items on reported results.
Material Changes
The filing text does not provide specific data regarding material changes versus the prior comparable period. It only notes that the attached press release includes reconciliations between GAAP and non-GAAP measures to facilitate comparison with prior periods.
Guidance, Outlook, and Risks
Management Commentary: Management believes that non-GAAP measures (Net Income and EPS excluding selected items) provide a beneficial comparison to prior periods and help users understand the impact of selected items.
Risks and Contingencies: The filing includes standard disclaimers that non-GAAP measures are not defined by GAAP, should not be considered an alternative to GAAP measures, and may not be comparable to similar measures used by other companies.
Investor Verification Checklist
- Verify the specific Q2 2012 revenue, net income, and EPS figures in the attached Exhibit 99.1 (Press Release).
- Review the reconciliation table in the press release to understand the adjustments made to derive non-GAAP Net Income and EPS.
- Confirm the identity of the registrant as Halcón Resources Corporation, noting the discrepancy with the "Battalion Oil Corp" metadata.
- Check for any specific "selected items" excluded from the non-GAAP calculations to assess their materiality.