Matador Resources Co. 8-K Summary
Business Context and Reporting Period
Matador Resources Company filed this Form 8-K on February 26, 2019, to report financial results for the three and twelve months ended December 31, 2018. The filing also includes an operational update as of February 26, 2019, and announces the company's 2019 operating plan and market guidance.
Key Financial Metrics
The filing text references an attached 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 utilizes several non-GAAP financial measures, including Adjusted EBITDA attributable to shareholders, Adjusted EBITDA of its midstream affiliate San Mateo Midstream, LLC, and adjusted net income.
Material Changes
The filing text does not provide specific comparative figures or describe material changes versus the prior comparable period. Investors must refer to the attached Earnings Press Release for detailed year-over-year or quarter-over-quarter performance analysis.
Guidance, Outlook, and Risks
On February 26, 2019, the company issued a Guidance Press Release (Exhibit 99.2) detailing its 2019 operating plan and market guidance. The filing notes that the information provided in the press releases and presentations is not deemed "filed" under Section 18 of the Exchange Act and will not be incorporated by reference into Securities Act filings unless specifically identified. The company has provided reconciliations for its non-GAAP measures to GAAP equivalents in the press release.
Investor Verification Checklist
- Review Exhibit 99.1 (Earnings Press Release) for specific revenue, net income, and cash flow figures for 2018.
- Examine Exhibit 99.2 (Guidance Press Release) for the 2019 capital expenditure plan and production targets.
- Verify the reconciliation of Adjusted EBITDA to GAAP net income as disclosed in the press release.
- Check the company's website (www.matadorresources.com) for the Earnings and Guidance presentations referenced in the filing.