Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: July 27, 2018
Reporting Period: The filing references financial results for the three and six months ended June 30, 2018, announced via a press release dated August 1, 2018.
Key Financial Metrics
This Form 8-K serves as a notification of the release of financial results and does not contain specific numerical data for revenue, profit, cash flow, margins, debt, or liquidity. The filing states that these metrics are detailed in the "Earnings Press Release" (Exhibit 99.1) and a presentation available on the company's website. The filing notes the use of non-GAAP measures including Adjusted EBITDA, PV-10, and adjusted net income, but does not list the values.
Material Changes
Board of Directors Appointment: On July 27, 2018, the Board appointed Matthew P. Clifton as a director. Mr. Clifton brings significant industry experience, having previously served as Chairman of Holly Logistic Services, L.L.C., and Executive Chairman of HollyFrontier Corporation. He was appointed to the Audit, Corporate Governance, and Marketing and Midstream Committees.
Guidance, Outlook, and Risks
Management Commentary: The filing incorporates by reference an operational update and earnings presentation issued on August 1, 2018. Specific guidance, outlook, or risk factors are not detailed within the text of this 8-K but are contained in the referenced exhibits.
Unusual Items: The filing explicitly states that the information furnished regarding the earnings release shall not be deemed "filed" for purposes of Section 18 of the Exchange Act and will not be incorporated by reference into Securities Act filings unless specifically identified.
Investor Verification Checklist
- Review Exhibit 99.1 (Earnings Press Release dated August 1, 2018) for specific revenue, profit, and cash flow figures for the period ended June 30, 2018.
- Access the company website (www.matadorresources.com) to view the presentation summarizing the earnings highlights and operational update.
- Verify the reconciliation of non-GAAP measures (Adjusted EBITDA, PV-10) to GAAP measures as provided in the referenced materials.
- Confirm the new director's committee assignments and compensation structure as outlined in the Proxy Statement referenced in the filing.