Investor Presentaiton
NON-GAAP
Reconciliations:
Adjusted EBITDA
& Other
Adjusted EBITDA by Quarter (in thousands)
DOUU
Net Income (Loss)
Add:
Interest Expense
Income Tax Provision (Benefit)
Adjusted EBITDA by Year (in thousands)
0000
Net Income (Loss)
Add:
Interest Expense
Depreciation, Depletion, Amortization and Accretion
Income Tax Provision (Benefit)
Impairment of Oil and Natural Gas Properties
Non-Cash Share Based Compensation
Write-off of Debt Issuance Costs
(Gain) Loss on the Extinguishment of Debt
Contingent Consideration (Gain) Loss
Acquisition Costs
(Gain) Loss on Unsettled Interest Rate Derivatives
(Gain) Loss on Unsettled Commodity Derivatives
Adjusted EBITDA
Depreciation, Depletion, Amortization and Accretion
Non-Cash Share Based Compensation
(Gain) Loss on the Extinguishment of Debt
Contingent Consideration (Gain) Loss
Acquisition Transaction Costs
(Gain) Loss on Unsettled Interest Rate Derivatives
(Gain) Loss on Unsettled Commodity Derivatives
Adjusted EBITDA
Other Non-GAAP Metrics by Quareter (in thousands)
2020
2021
2022
$ (906,041) $
6,361 $
773,237
58,503
(166)
59,020
233
162,120
140,828
80,331
3,101
251,272
1,066,668
4,119
3,621
5,656
1,543
3,718
13,087
(810)
169
292
(1,859)
8,190
16,593
1,019
(1,043)
(993)
(39,878)
312,370
(40,187)
$ 351,774 $ 542,959 $ 1,086,341
$
1Q22
(206,560) $
2Q22
251,264 $
3Q22
4Q22
1Q23
583,465 $
145,068 $
340,191 $
2Q23
167,815
17,978
789
53,185
18,410
1,006
20,135
1,333
23,808
(27)
54,796
65,975
77,317
30,143
692
94,618
31,968
39,012
106,427
1,447
1,421
1,341
1,447
2,151
1,150
(236)
(339)
(235)
(659)
(1,859)
(6,176)
(3,931)
6,848
514
2,932
6,299
3,481
3,612
(1,290)
(524)
42
779
1,017
384,227
(54,117)
$
256,623 $
272,534 $
(382,500)
292,384 $
12,203
264,800 $
(139,987)
(30,503)
325,472 $
315,550
1Q22
2Q22
3Q22
4Q22
1Q23
2Q23
Total General and Adminstrative Expense
Non-cash General and Adminstrative Expense
$
13,813 $
8,065 $
10,277 $
15,045 $
13,000 $
12,401
1,447
1,421
1,341
1,447
2,151
1,150
Total General and Adminstrative Expense - Cash
12,366
6,644
8,936
13,598
10,849
11,251
Less: Acquisition Costs Cash
(6,848)
(514)
Total General and Adminstrative Expense - Cash Adjusted
$
5,518 $
6,130 $
(2,932)
6,004 $
(6,299)
(3,481)
(3,612)
7,299 $
7,368 $
7,639
Total Principal Balance on Debt
Less: Cash and Cash Equivalents
$ 1,121,000 $
(3,335)
1,103,625 $
Net Debt
$ 1,117,665 $
(1,471)
1,102,154 $
(9,129)
1,161,426 $
(2,528)
1,540,707 $
Note: Adjusted EBITDA is a non-GAAP measure
1,170,555 $ 1,543,235 $ 1,774,108 $ 1,705,108
(6,073)
(14,805)
1,768,035 $ 1,690,303
Investor Presentation September 2023 | 39 NOGView entire presentation