Matador Resources Co. 8-K Summary
Business Context and Reporting Period
Matador Resources Co. (MTDR) filed this Current Report on Form 8-K on February 23, 2021. The filing announces financial results for the three and twelve months ended December 31, 2020, and provides an operational update as of February 23, 2021. The report also includes the Company's 2021 operating plan and market guidance.
Key Financial Metrics
The filing text incorporates by reference an Earnings Press Release (Exhibit 99.1) containing specific financial data but does not explicitly state the numerical values for revenue, profit, cash flow, margins, debt, or liquidity within the body of this 8-K document. The Company reports the following non-GAAP financial measures in the referenced press release:
- Adjusted EBITDA attributable to Matador Resources Company shareholders.
- Adjusted EBITDA of San Mateo Midstream, LLC (midstream affiliate).
- Adjusted net income (loss) attributable to shareholders.
- Adjusted earnings (loss) per diluted common share.
- Adjusted free cash flow for both the Company and San Mateo.
Reconciliations of these non-GAAP measures to GAAP measures are provided in the referenced exhibits.
Material Changes
The filing text does not provide specific comparative data or quantify material changes versus prior periods. Investors must refer to Exhibit 99.1 (Earnings Press Release) for detailed period-over-period analysis.
Guidance, Outlook, and Risks
On February 23, 2021, the Company issued a Guidance Press Release (Exhibit 99.2) announcing its 2021 operating plan and market guidance. Accompanying presentations summarizing the earnings and guidance highlights are available on the Company's Investor Relations website. The filing notes that the information furnished is not deemed "filed" for purposes of Section 18 of the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Review Exhibit 99.1 (Earnings Press Release) for specific GAAP and non-GAAP financial results for Q4 and FY 2020.
- Examine Exhibit 99.2 (Guidance Press Release) for the 2021 operating plan and market outlook.
- Verify the reconciliation of non-GAAP measures (Adjusted EBITDA, Adjusted Free Cash Flow) to GAAP figures in the press releases.
- Check the Company's website for the accompanying investor presentations referenced in Item 7.01.