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 July 25, 2023. The filing announces financial results for the three months ended June 30, 2023, via an attached press release (Exhibit 99.1). The Company is incorporated in Texas and trades on the New York Stock Exchange.
Key Financial Metrics
The filing text references the inclusion of GAAP and non-GAAP financial measures in the attached press release but does not explicitly state the numerical values for revenue, profit, cash flow, margins, debt, or liquidity within the 8-K body text itself. The following non-GAAP measures are defined in the filing:
- Adjusted EBITDA attributable to Matador Resources Company shareholders.
- Adjusted EBITDA of San Mateo Midstream, LLC (midstream affiliate).
- Adjusted net income attributable to shareholders.
- Adjusted earnings per diluted common share.
- Adjusted free cash flow for both the Company and San Mateo.
Note: Specific numerical values for these metrics are not present in the provided filing text; they are contained in the referenced Exhibit 99.1.
Material Changes
The filing text does not provide specific data regarding material changes versus the prior comparable period. Investors must refer to the attached press release for period-over-period comparisons.
Guidance, Outlook, and Risks
The Company released a presentation summarizing the highlights of the press release, available on its Investor Relations website. The filing notes the inclusion of non-GAAP measures and provides reconciliations to GAAP measures in the press release, explaining their utility to investors. No specific guidance, outlook, risks, or contingencies are detailed in the 8-K text itself.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q2 2023 revenue, Adjusted EBITDA, and free cash flow figures.
- Verify the reconciliation of non-GAAP measures to GAAP financial measures in the press release.
- Access the Company's Investor Relations website for the presentation summarizing the results.
- Confirm the specific debt and liquidity positions as detailed in the full financial statements referenced in the press release.