Matador Resources Co. 8-K Summary
Business Context and Reporting Period
Matador Resources Company filed a Form 8-K on November 6, 2017, to announce financial results for the three and nine months ended September 30, 2017. The filing incorporates a press release (Exhibit 99.1) and an operational update as of the filing date.
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 reported the following non-GAAP financial measures in the press release:
- Adjusted EBITDA attributable to shareholders.
- PV-10 (present value discounted at 10% pre-tax 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 detail specific material changes versus prior periods. It references an operational update included in the press release but does not summarize the specific variances in the 8-K document itself.
Guidance, Outlook, and Risks
The filing includes an operational update as of November 6, 2017, available in the press release. The Company provided reasons in the press release for why the non-GAAP measures are useful to investors. No specific guidance, risks, or contingencies are detailed in the 8-K text provided.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, net income, and cash flow figures for the three and nine months ended September 30, 2017.
- Examine the reconciliation tables in the press release to understand the adjustments made to derive Adjusted EBITDA and adjusted EPS.
- Verify the operational update details regarding production volumes and reserve changes mentioned in the press release.
- Check the Company's website (www.matadorresources.com) for the accompanying presentation summarizing the highlights.