Investor Presentaiton
Quarterly Financial Results
Financial Summary ($mm, unless otherwise noted) 1
FY 2021
FY 2022
($ in millions, unless specified)
Average Daily Production (Boe/d)
Q1
Q2
Q3
Q4
FY 2021
Q1
Q2
Q3
54,202
61,647
65,121
62,649
60,939
61,359
70,240
92,003
Average Daily Oil Production (Bo/d)
% Oil
28,239
31,912
33,529
34,468
32,058
32,741
36,696
48,499
52%
52%
51%
55%
53%
53%
52%
53%
Total Revenue
$192.4
$232.6
$288.5
$316.4
$1,029.9
$347.3
$472.7
$549.8
Pre-Hedge Realized Oil Price ($/Bbl)
$52.62
$60.99
$65.31
$72.78
$63.50
$89.17
$104.69
$89.02
Adjusted EBITDAX²
$99.8
$126.8
$170.9
$187.1
$584.6
$217.1
$297.3
$380.5
Net Income (loss)³
($34.6)
($25.1)
$37.1
$160.8
$138.2
$15.8
$191.8
$343.5
Lease Operating Expense ($ / Boe)
$5.30
$4.10
$4.79
$5.01
$4.78
$5.20
$4.52
$4.84
Gathering, Processing & Transportation ($ / Boe)
4.23
3.47
4.03
3.75
3.86
3.96
4.03
3.55
Severance & Ad Valorem Taxes ($ / Boe)
2.58
2.81
2.97
3.64
3.02
4.54
5.43
4.93
Cash G&A ($/ Boe)
2.18
1.81
2.08
2.61
2.17
2.13
1.95
1.78
Depreciation, Depletion & Amortization ($ / Boe)
13.08
13.09
12.69
13.16
13.00
12.86
12.85
12.94
Total Capital Expenditures
$72.9
$83.2
$78.9
$86.5
$321.5
$114.7
$140.6
$198.9
Cash and Cash Equivalents
$10.9
$4.7
$5.0
$9.4
$9.4
$50.6
$201.1
$45.5
Total Debt Outstanding4
$1,102.9
Net Debt
$1,091.9
Liquidity
$514.8
$1,070.8
$1,066.1
$445.7
$1,020.8
$840.8
$840.8
$815.8
$815.8
$2,365.8
$1,015.8
$831.4
$831.4
$765.2
$614.7
$2,320.3
$493.5
$678.6
$678.6
$794.8
$945.3
$989.7
Note: Q3'22 results represent legacy Centennial for the months of July and August and include amounts related to legacy Centennial and legacy Colgate for the month of September
Amounts may not sum due to rounding
(1)
(2)
(3)
(4)
Adjusted EBITDAX is not presented in accordance with generally accepted accounting principles in the United States
Net Income represents total consolidated net income before adjusting for noncontrolling interest (only applicable in Q3'22); Q3'22 net income attributable to Class A common stock was $224.4mm
Reflects the aggregate principal amount
PR
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