NOG ESG and Financial Performance
Historical Operating & Hipprical Operating Information
Financial Information
Production
Oil (MBbls)
Natural Gas and NGLS (Mmcf)
Total Production (Mboe)
Revenue
2020
2021
2022
Q1 22
Q1 23
9,361.1 12,288.4
16,090.1
16,473.3 44,073.9
12,106.7
68,829.1
19,634.1
27,561.6
3,824.0
15,533.6
6,412.9
4,847.8
18,101.3
7,864.7
Realized Oil Price, including settled derivatives ($/bbl)
Realized Natural Gas and NGL Price, including settled derivatives ($/Mcf)
Total Oil & Gas Revenues, including settled derivatives (millions)
Adjusted EBITDA (millions)
Key Operating Statistics ($/Boe)
Average Realized Price
SS
$ 52.69 $
52.77 $ 69.60 $
65.09 $
$ 1.14 $
$
$ 512.3 $
351.8 $
3.65 $ 5.83 $
809.3 $ 1,530.3 $
543.0 $ 1,086.3 $
6.01 $
351.3 $
72.09
4.99
439.9
256.6 $
325.5
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$
42.32 $
41.22 $ 55.52 $
54.78 $
55.94
Production Expenses
9.61
8.70
9.46
8.50
9.93
Production Taxes
2.46
3.92
5.74
5.40
4.44
General & Administrative Expenses - Cash Adjusted
(2)
1.19
0.94
0.91
0.86
0.94
Total Cash Costs
$ 13.26 $
13.56 $
16.11 $
14.76 $
15.31
Operating Margin ($/Boe)
$
Operating Margin %
29.06 $
68.7%
27.66 $
39.41 $
40.02 $
40.63
67.1%
71.0%
73.1%
72.6%
Historical Financial Information ($'s in millions)
2020
2021
2022
Q1 22
Q1 23
Assets
Current Assets
Property and Equipment, net
Other Assets
$
125.6 $
735.2
11.3
Total Assets
Liabilities
Current Liabilities
$
872.1 $
215.3 $
1,253.3
54.3
1,522.9 $
320.5 $
2,482.9
71.8
2,875.2 $
323.5 $
1,689.5
11.5
2,024.5 $
395.9
2,915.9
31.1
3,342.9
$
182.5 $
Long-term Debt, net
879.8
327.6 $
803.4
345.0 $
1,525.4
625.5 $
1,119.5
345.3
1,756.9
Other Long-Term Liabilities
Stockholders' Equity (Deficit)
Total Liabilities & Stockholders' Equity (Deficit)
Credit Statistics
33.1
176.8
259.5
314.8
192.6
(223.3)
215.1
745.3
(35.3)
1,048.1
$
872.1 $ 1,522.9 $
2,875.2 $
2,024.5 $
3,342.9
(1)
Adjusted EBITDA (Annual, Q1 2022/23 TTM)
$
Net Debt
$
ՄԴ ՄԴ
351.8 $
543.0 $
1,086.3 $
700.7 $
1,155.2
948.3 $
795.5 $
1,540.7 $
1,117.7 $
1,768.0
Total Debt
$
949.8 $
805.0 $
1,543.2 $
1,121.0 $
1,774.1
(1)
Net Debt/Adjusted EBITDA
2.7x
1.5x
1.4x
1.6x
1.5x
(1)
Total Debt/Adjusted EBITDA
2.7x
1.5x
1.4x
1.6x
1.5x
1)
Adjusted EBITDA and Net Debt are non-GAAP measures. See reconciliations on the slide that follows.
2)
Excludes certain acquisition related expenses.
Investor Presentation June 2023 | 31
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