Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: May 19, 2014
Context: The filing discloses that the Company expects to make presentations to potential investors. These materials include updated reserves information as of March 31, 2014.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it references "Presentation Materials" (Exhibit 99.1) which contain:
- Updated reserves information as of March 31, 2014.
- Non-GAAP financial measures, specifically "Adjusted EBITDA" and "PV-10" (present value of estimated total proved reserves discounted at 10% pre-tax).
- Reconciliations of these non-GAAP measures to GAAP financial measures.
Material Changes
The filing does not explicitly detail material changes in financial performance versus prior periods within the text of the 8-K. It indicates that updated reserves information is available in the referenced presentation materials.
Guidance, Outlook, and Risks
Management Commentary: The Company is providing materials for investor presentations, including non-GAAP measures it believes provide useful information to investors.
Regulatory Status: The information furnished, including Exhibit 99.1, 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.
Risks/Contingencies: No specific risks or contingencies are detailed in the text of this filing.
Investor Verification Checklist
- Review Exhibit 99.1 (Presentation Materials) for specific numerical data on reserves, Adjusted EBITDA, and PV-10.
- Verify the reconciliation of non-GAAP measures to GAAP measures provided in the presentation materials.
- Confirm the specific date of the reserves update (March 31, 2014) against the filing date (May 19, 2014).
- Note that the presentation materials are not legally "filed" for liability purposes under Section 18 of the Exchange Act.