Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: August 27, 2012
Reporting Period Covered: Quarter ended June 30, 2012
Purpose: Disclosure of presentation materials furnished to potential investors regarding business operations and financial condition.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document serves as a conduit for "Presentation Materials" (Exhibit 99.1) which contain the detailed financial data.
Non-GAAP Measure Defined: The filing defines "Adjusted EBITDA" as earnings before interest expense, income taxes, depletion, depreciation and amortization, accretion of asset retirement obligations, property impairments, unrealized derivative gains and losses, certain other non-cash items, non-cash stock-based compensation expense, and net gain or loss on asset sales and inventory impairment.
Material Changes
The filing text does not explicitly state material changes versus prior periods. It references the inclusion of information regarding the quarter ended June 30, 2012, within the attached presentation materials.
Guidance, Outlook, and Risks
- Management Commentary: The Company expects to make presentations to potential investors using the attached materials.
- Regulatory Status: Information furnished pursuant to Item 2.02 and Item 7.01, 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.
- Reconciliations: The attached materials include reconciliations of Adjusted EBITDA to the most directly comparable GAAP measures and explanations for the utility of these non-GAAP measures.
Investor Verification Checklist
- Review Exhibit 99.1 (Presentation Materials) for specific revenue, production, and cash flow figures for the quarter ended June 30, 2012.
- Verify the reconciliation between Adjusted EBITDA and GAAP net income provided in the presentation materials.
- Confirm that the presentation materials have not been incorporated by reference into other filings unless explicitly stated.
- Check for any updates on asset impairments or derivative positions mentioned in the non-GAAP adjustments.