Matador Resources Co. Form 8-K Summary
Business Context and Reporting Period
Matador Resources Company filed this Current Report on Form 8-K on August 3, 2016. The filing announces financial results for the three and six months ended June 30, 2016, via a press release incorporated as Exhibit 99.1.
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) and are not explicitly stated in the 8-K body text.
The Company disclosed the use of the following non-GAAP financial measures in the press release:
- Adjusted EBITDA
- PV-10 (Present value discounted at 10% of estimated total proved reserves)
- Adjusted net income (loss) and adjusted earnings (loss) per share
Reconciliations of these non-GAAP measures to GAAP measures were provided in the press release.
Material Changes
The filing text does not provide specific data regarding material changes versus prior comparable periods. Investors must refer to the attached press release for comparative analysis.
Guidance, Outlook, and Risks
The filing references a presentation summarizing the highlights of the press release, available on the Company's website under the Investors tab. The text does not contain specific guidance, outlook statements, risk factors, or details on unusual items beyond the disclosure of non-GAAP measures.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, net income, and cash flow figures for the periods ended June 30, 2016.
- Examine the reconciliation tables in the press release to understand the adjustments made to derive Adjusted EBITDA and Adjusted EPS.
- Access the Company's website to view the presentation summarizing the financial highlights.
- Verify the specific values for PV-10 reserves as disclosed in the press release.