NOG ESG and Financial Performance
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 with
durable free cash flow.
$450MM of FCF(1) in 2022
with accelerating growth
into 2023.
Disciplined capital
allocator.
Growing debt repurchases.
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 June 2023 | 3 NOGView entire presentation