Gastar Exploration Inc. (GST) [Rocket]

In millions, except per share items	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Oil and condensate	54.7	43.0	58.7	82.8	36.5
Natural gas	10.1	10.9	16.9	47.6	40.4	23.3	23.5	30.8
Other	76.6	61.1	82.7	41.0	10.9	26.6	16.7	12.0
Total revenues [+]	141.3	115.0	158.3	171.4	87.8	49.9	40.2	42.8
Oil & gas sales	76.6	61.1	82.7	151.8	92.5	42.5	28.0	31.6
Net interest income					-13.2	-0.3	-0.1
Revenue growth [+]	22.9%	-27.4%	-7.7%	95.3%	75.7%	24.1%	-5.9%	30.1%
Oil and condensate	27.1%	-26.7%	-29.2%	127.0%
Natural gas	-7.1%	-35.8%	-64.5%	17.9%	73.3%	-0.9%	-23.7%	-23.7%
Cost of goods sold [+]	26.8	24.2	28.8	23.0	13.5	11.1	13.1	11.3
Lease costs	22.2	20.6	23.7	19.3	9.5	6.2	8.6	6.7
Direct taxes	2.8	1.9	2.9		4.7	2.3	0.6
Natural gas midstream costs	1.8	1.7	2.2	3.7	4.0	5.0	4.5	4.7
Gross profit	114.5	90.8	129.5	148.4	74.3	38.8	27.1	31.4
Gross margin	81.0%	78.9%	81.8%	86.6%	84.7%	77.7%	67.4%	73.5%
Selling, general and administrative [+]	16.8	19.4	17.1	16.5	17.0	12.2	11.4	14.6
General and administrative	16.8	19.4	17.1	16.5	17.0	12.2	11.4	14.6
Other operating expenses	69.4	57.1	51.5	7.2	6.1	154.7	1.2	22.5
EBITDA [+]	28.2	14.2	60.9	124.7	51.2	-128.1	14.6	-5.7
EBITDA growth	98.3%	-76.7%	-51.1%	143.5%	-140.0%	-978.3%	-355.3%	-103.8%
EBITDA margin	20.0%	12.4%	38.5%	72.7%	58.4%	-256.5%	36.2%	-13.4%
Depreciation and amortization	24.0	29.7	62.9	46.2	32.4	25.4	15.2	9.3
EBIT [+]	4.2	-15.4	-2.0	78.5	18.8	-153.5	-0.6	-15.0
EBIT growth	-127.2%	689.8%	-102.5%	318.4%	-112.2%	24230.9%	-95.8%	-111.2%
EBIT margin	3.0%	-13.4%	-1.2%	45.8%	21.4%	-307.4%	-1.6%	-35.1%
Non-recurring items [+]		38.4	426.9
Asset impairment		48.5	426.9
Legal settlement		-10.1			1.0	1.3
Interest expense, net [+]	38.8	35.2	30.7	27.6	13.1	0.3	0.1	-1.2
Interest expense	39.0	35.2	30.7	27.6	13.2	0.3	0.1	0.2
Interest income	0.2	0.0	0.0	0.0	0.0	0.0	0.0	1.3
Other income (expense), net [+]	-12.2			0.0	27.7	0.0	0.0	0.6
Litigation settlement					1.0	1.3		21.7
Gain (loss) on debt retirement	-12.2
Gain (loss) on derivative instruments	-4.5	-2.9	24.6	19.6	-4.8	7.4	12.2	11.2
Unrealized gain/loss on derivatives								0.2
Gain (loss) on foreign currency transactions				0.0	0.0	0.0	0.0	0.4
Gain (loss) on acquisitions / transactions					27.7
Pre-tax income	-46.8	-89.1	-459.5	51.0	33.3	-153.8	-0.7	-13.3
Income taxes	0.0	0.0	0.0	0.0	-16.0	0.0	0.0	-0.8
Tax rate	0.0%	0.0%	0.0%	0.0%		0.0%	0.0%	6.1%
Net income	-61.2	-103.5	-474.0	36.5	40.0	-160.9	-1.8	-12.5
Net margin	-43.3%	-90.0%	-299.5%	21.3%	45.5%	-322.1%	-4.4%	-29.1%

Basic EPS [+]	($0.31)	($0.93)	($6.11)	$0.58	$0.66	($2.53)	($0.03)	($0.25)
Growth	-66.3%	-84.8%	-1159.2%	-13.0%	-126.2%	8942.7%	-88.8%	-123.6%
Diluted EPS [+]	($0.31)	($0.93)	($6.11)	$0.55	$0.63	($2.53)	($0.03)	($0.25)
Growth	-66.3%	-84.8%	-1213.1%	-12.5%	-124.8%	8942.7%	-88.8%	-123.7%


Shares outstanding (basic) [+]	195.4	111.4	77.5	63.3	60.2	63.5	63.0	49.8
Growth	75.4%	43.7%	22.5%	5.1%	-5.2%	0.8%	26.5%	8.0%
Shares outstanding (diluted) [+]	195.4	111.4	77.5	66.5	63.6	63.5	63.0	49.8
Growth	75.4%	43.7%	16.6%	4.5%	0.1%	0.8%	26.5%	7.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.