Investor Presentaiton
Historical Operating &
Financial Information
Historical Operating Information
Production
Oil (MBbls)
Natural Gas and NGLS (Mmcf)
Total Production (Mboe)
Revenue
Realized Oil Price, including settled derivatives ($/bbl)
1) Adjusted EBITDA is a non-GAAP measure. See reconciliation on the slide that follows.
2) Excludes certain acquisition related expenses
2020
2021
2022
3Q22
3Q23
9,361.1 12,288.4 16,090.1
16,473.3 44,073.9 68,829.1
12,106.7 19,634.1 27,561.6
4,149.8
18,776.8
7,279.3
5,847.9
21,397.0
9,414.1
$ 52.69 $ 52.77 $ 69.60
Realized Natural Gas and NGL Price, including settled derivatives ($/Mcf)
Total Oil & Gas Revenues, including settled derivatives (millions)
Adjusted EBITDA (millions)
$
1.14 $
$
512.3 $
$
351.8
$
$
3.65 $ 5.83 $
809.3 $ 1,530.3 $
543.0 $ 1,086.3 $
71.42 $ 76.90
6.00 $
409.1 $
3.14
516.8
292.4 $
385.5
Key Operating Statistics ($/Boe)
Average Realized Price
$
42.32 $
41.22 $ 55.52 $
56.21 $
54.90
Production Expenses
9.61
8.70
9.46
9.41
8.76
Production Taxes
2.46
3.92
5.74
5.81
4.48
General & Administrative Expenses - Cash Adjusted
(2)
1.19
0.94
0.91
0.82
0.77
Total Cash Costs
$
13.26 $
13.56 $
16.11 $
16.04 $
14.01
Operating Margin ($/Boe)
$
29.06 $
27.66 $
39.41 $
40.17 $
40.89
68.7%
67.1%
71.0%
71.5%
74.5%
Operating Margin %
Historical Financial Information ($'s in millions)
Assets
Current Assets
Property and Equipment, net
Other Assets
Total Assets
Liabilities
Current Liabilities
Long-term Debt, net
Other Long-Term Liabilities
Stockholders' Equity (Deficit)
Total Liabilities & Stockholders' Equity (Deficit)
Credit Statistics
2020
2021
2022
3Q22
3Q23
es
$
125.6 $
735.2
11.3
$
872.1 $
215.3 $
1,253.3
54.3
1,522.9 $
320.5 $
2,482.9
71.8
2,875.2 $2,471.5 $
376.7 $
2,015.1
79.7
469.6
3,788.6
46.5
4,304.7
$
182.5 $
879.8
327.6 $
803.4
345.0 $ 381.7 $
1,525.4
602.5
1,169.2
2,057.4
33.1
176.8
259.5
211.5
237.0
(223.3)
215.1
745.3
709.1
1,407.8
$
872.1 $
1,522.9 $ 2,875.2 $ 2,471.5 $ 4,304.7
ՄԴ-
351.8 $
es es
948.3 $
949.8 $
2.7x
2.7x
1.5x
1.4x
543.0 $1,086.3 $ 996.8 $ 1,291.3
795.5 $ 1,540.7 $1,161.5 $ 2,076.2
805.0 $ 1,543.2 $ 1,170.6 $ 2,089.1
1.5x
1.4x
1.2x
1.2x
1.6x
1.6x
Adjusted EBITDA (Annual, Q3 2022/23 TTM)
(1)
$
Net Debt
$
Total Debt
$
(1)
Net Debt/Adjusted EBITDA
(1)
Total Debt/Adjusted EBITDA
Investor Presentation November 2023 | 35 NOGView entire presentation