Investor Presentaiton
Investment Highlights
1)
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National non-op
franchise
offering scale and
diversification by
commodity across three
core basins in the United
States.
Track record of
executing on highly
accretive investments.
Over $3.2B completed
since 2018 at attractive
multiples. NOG anticipates
an acceleration in FCF(1)
into 2024.
Disciplined capital
allocator.
Dynamic approach to
driving optimal shareholder
returns - M&A, dividends,
share repurchases or debt
paydown.
Strong balance sheet
with a long-term target of
<1.0x Net Debt to
Adjusted EBITDA(1).
Dominant data
and technical advantage,
ability to make informed
and swift investment
decisions enables us to be
a consistent and reliable
counterparty.
Free Cash Flow (FCF), Adjusted EBITDA and Net Debt are non-GAAP financial measures. See Appendix for methodology and reconciliations.
Investor Presentation November 2023 | 3 NOGView entire presentation