Business Context and Reporting Period
This Form 8-K is a current report filed by Halcón Resources Corporation (not Battalion Oil Corp) on July 28, 2016. The filing serves to announce the Company's financial results for the second quarter of 2016. The report references a press release (Exhibit 99.1) containing the detailed financial data.
Key Financial Metrics
The filing text provided does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It explicitly states that these figures are contained within the attached press release (Exhibit 99.1). The document notes that management discloses both GAAP measures and non-GAAP measures, including net income (loss), earnings per share, and cash flow from operations adjusted for selected items.
Material Changes
The filing text does not provide specific data regarding material changes versus the prior comparable period. It indicates that the press release includes reconciliations between GAAP and non-GAAP measures to facilitate comparisons with prior periods, but the specific variances are not listed in this summary document.
Guidance, Outlook, and Risks
The filing does not contain specific guidance, outlook, or risk factors in the text provided. It includes standard disclosures regarding non-GAAP financial measures, stating that these measures are not defined by GAAP, may not be comparable to other companies' measures, and should not be considered an alternative to GAAP net income or cash flow.
Investor Verification Checklist
- Verify the specific Q2 2016 revenue, net income, and earnings per share figures in the attached press release (Exhibit 99.1).
- Review the reconciliation tables in the press release to understand the adjustments made to non-GAAP measures.
- Confirm the Company's cash flow from operations and liquidity position as detailed in the full press release.
- Note that the registrant is Halcón Resources Corporation, not Battalion Oil Corp.