Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: January 28, 2013
Context: The filing discloses investor presentation materials and estimated proved reserves as of December 31, 2012, pursuant to Item 2.02 and Item 7.01 (Regulation FD).
Key Financial Metrics
The filing provides specific reserve data but does not contain standard GAAP financial statements (revenue, profit, cash flow) for the period.
- Total Proved Reserves: 23.8 million BOE (142.9 Bcfe)
- Oil Reserves: 10.5 million Bbl (44.0% of Total Proved Reserves)
- PV-10 (Pre-tax, 10% discount): $423.2 million
- Non-GAAP Measures Disclosed: Adjusted EBITDA and PV-10 (reconciliations to GAAP provided in attached materials).
Note: The filing text does not provide clear values for revenue, net income, operating cash flow, debt levels, or liquidity ratios.
Material Changes
The filing text does not provide comparative data for the prior period to determine material changes in reserves or financial metrics.
Guidance, Outlook, and Risks
- Management Commentary: The Company expects to make presentations to potential investors utilizing the materials furnished as Exhibit 99.1.
- Non-GAAP Disclosure: The Company asserts that Adjusted EBITDA and PV-10 provide useful information to investors and has provided reconciliations to GAAP measures in the attached materials.
- Legal Status: The information furnished 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.
Investor Verification Checklist
- Verify the full reconciliation of Adjusted EBITDA and PV-10 to GAAP measures in Exhibit 99.1.
- Confirm the specific oil and natural gas price assumptions used to calculate the $423.2 million PV-10 value.
- Review the attached presentation materials for any forward-looking guidance or production targets not detailed in this summary.
- Check subsequent filings for actual GAAP financial results for the period ending December 31, 2012.