Business Context and Reporting Period
This Form 8-K is a current report filed by Halcón Resources Corporation (not Battalion Oil Corp) on February 28, 2013. The filing serves to announce the issuance of a press release regarding the Company's fourth quarter and full year 2012 financial results. The press release is included 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. It references a press release (Exhibit 99.1) containing these details but does not list the figures within the body of this 8-K document.
Material Changes and Non-GAAP Measures
The Company discloses that management utilizes certain non-GAAP financial measures to provide context for reported results. These include:
- Net income (loss) and earnings per share excluding selected items.
- Cash flow from operations and cash flow from operations per share.
- Lease operating expenses and general and administrative expenses adjusted for selected items.
The filing states that reconciliations between these non-GAAP measures and the most directly comparable GAAP measures are included in the referenced press release.
Guidance, Outlook, and Risks
The filing does not contain specific forward-looking guidance, management commentary on future outlook, or a detailed discussion of risks and contingencies beyond the standard disclaimer regarding non-GAAP measures. It notes that these non-GAAP measures may not be comparable to those used by other companies.
Investor Verification Checklist
- Verify the specific financial figures for Q4 and full-year 2012 in Exhibit 99.1 (the press release), as they are not listed in this summary document.
- Review the reconciliation tables in the press release to understand the adjustments made to GAAP figures for the non-GAAP measures.
- Confirm the Company name is Halcón Resources Corporation, as the metadata provided in the request ("Battalion Oil Corp") appears to be incorrect based on the filing text.