Matador Resources Co. Form 8-K Summary
Business Context and Reporting Period
Matador Resources Company (MTDR) filed a Current Report on Form 8-K on October 26, 2021. The filing announces financial results for the three and nine months ended September 30, 2021, and includes updated guidance as of the filing date.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the attached Press Release (Exhibit 99.1), which is incorporated by reference. The company reports the following non-GAAP financial measures in the referenced exhibit:
- Adjusted EBITDA attributable to Matador Resources Company shareholders.
- Adjusted EBITDA of San Mateo Midstream, LLC (midstream affiliate).
- Adjusted net income (loss) attributable to shareholders.
- Adjusted earnings (loss) per diluted common share.
- Adjusted free cash flow for both the Company and San Mateo.
The filing confirms that reconciliations of these non-GAAP measures to GAAP measures are provided in the Press Release.
Material Changes and Guidance
The filing indicates that the company has reaffirmed and updated its guidance as of October 26, 2021. Specific details regarding material changes versus prior periods or the exact nature of the updated guidance are not present in the 8-K text and must be sourced from the attached Press Release.
Risks and Contingencies
The filing includes standard disclaimers stating that the information furnished pursuant to Item 2.02 and Item 7.01, including the Press Release, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act and will not be incorporated by reference into any filing under the Securities Act unless specifically identified. No specific new risks or contingencies are detailed in the 8-K text itself.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, Adjusted EBITDA, and free cash flow figures for the three and nine months ended September 30, 2021.
- Verify the specific details of the reaffirmed and updated guidance provided in the Press Release.
- Examine the reconciliation tables in the Press Release to understand the adjustments made to reach non-GAAP measures.
- Check the company's Investor Relations website for the accompanying presentation mentioned in Item 7.01.