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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 16
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