Investor Presentaiton
NON-GAAP
Reconciliations:
Adjusted EBITDA
& Other
Adjusted EBITDA by Year (in thousands)
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
Adjusted EBITDA by Quarter (in thousands)
Net Income (Loss)
Add:
Interest Expense
Income Tax Provision (Benefit)
Depreciation, Depletion, Amortization and Accretion
Non-Cash Share Based Compensation
Gain on the Extinguishment of Debt
Contingent Consideration Gain
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)
Total General and Adminstrative Expense
Non-cash General and Adminstrative Expense
Total General and Adminstrative Expense - Cash
Less: Acquisition Costs - Cash
2020
$ (906,041) $
2021
2022
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
(39,878)
(1,043)
(993)
312,370
(40,187)
$ 351,774 $ 542,959 $ 1,086,341
1Q22
2Q22
3Q22
4Q22
1Q23
2Q23
$ (206,560) $ 251,264 $ 583,465 $ 145,068 $ 340,191 $ 167,815 $
3Q23
26,111
17,978
789
53,185
1,447
18,410
1,006
54,796
20,135
1,333
23,808
30,143
31,968
37,040
(27)
692
39,012
(20,692)
65,975
77,317
94,618
106,427
133,791
1,421
1,341
1,447
2,151
1,150
1,178
(236)
(339)
(235)
(659)
(1,859)
(6,176)
(3,931)
6,848
514
2,932
6,299
3,481
3,612
3,385
(1,290)
384,227
(524)
(54,117)
42
(382,500)
779
1,017
12,203
(139,987)
(30,503) 204,712
$ 256,623 $ 272,534 $ 292,384 $
264,800 $ 325,472 $ 315,550 $ 385,525
1Q22
2022
3Q22
4Q22
1Q23
2Q23
3Q23
$
13,813 $
8,065 $
10,277 $
15,045 $
13,000 $
12,401 $
11,846
1,447
1,421
1,341
1,447
2,151
1,150
1,178
12,366
6,644
8,936
13,598
10,849
11,251
10,668
(6,848)
(514)
(2,932)
(6,299)
(3,481)
(3,612)
(3,385)
Total General and Adminstrative Expense - Cash Adjusted
$
5,518 $ 6,130 $ 6,004 $
7,299 $ 7,368 $
7,639 $ 7,284
Total Principal Balance on Debt
$ 1,121,000
Less: Cash and Cash Equivalents
(9,129)
Net Debt
Note: Adjusted EBITDA is a non-GAAP measure
$1,103,625 $1,170,555 $ 1,543,235 $1,774,108 $ 1,705,108 $2,089,108
(3,335) (1,471)
(2,528)
(14,805) (12,952)
$ 1,117,665 $ 1,102,154 $1,161,426 $ 1,540,707 $1,768,035 $1,690,303 $2,076,156
Investor Presentation November 2023 | 36 NOG
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