Matador Resources Co. Form 8-K Summary
Business Context and Reporting Period
Matador Resources Company filed a Current Report on Form 8-K on August 2, 2017. The filing announces financial results for the three and six months ended June 30, 2017, and includes an operational update as of August 2, 2017. The detailed results are contained in a press release (Exhibit 99.1) incorporated by reference.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are detailed in the attached press release (Exhibit 99.1) rather than the 8-K body text.
The Company utilizes the following non-GAAP financial measures in its reporting:
- Adjusted EBITDA attributable to shareholders.
- PV-10 (Present value discounted at 10% pre-tax of estimated total proved reserves).
- Adjusted net income (loss) and adjusted earnings (loss) per share.
Reconciliations of these non-GAAP measures to GAAP measures are provided in the press release.
Material Changes
The filing text does not explicitly state material changes versus prior periods. Investors must refer to the incorporated press release for comparative financial data and operational updates.
Guidance, Outlook, and Risks
The filing references an operational update and a presentation available on the Company's investor website summarizing the highlights of the press release. No specific guidance, outlook, risks, or contingencies are detailed within the 8-K text itself.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, net income, and cash flow figures for the three and six months ended June 30, 2017.
- Examine the reconciliation tables in the press release to understand the difference between GAAP and non-GAAP Adjusted EBITDA.
- Access the Company's website (www.matadorresources.com) under the Investors tab for the presentation summarizing the operational update.
- Verify the PV-10 reserve valuation details provided in the press release.