In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Natural gas, NGLs and condensate sales | | 82.8 | 49.3 | 87.0 | 134.8 | | | 42.1 |
Other | | 317.9 | 334.2 | 356.5 | 371.8 | | | 358.5 |
Total revenues [+] | 369.6 | 400.6 | 383.5 | 443.5 | 506.7 | 488.7 | 402.4 | 400.6 |
Natural gas midstream | | | | | | | | 337.8 |
Other | 35.0 | | | | | | | 20.7 |
Revenue growth [+] | -7.7% | 4.5% | -13.5% | -12.5% | 3.7% | 21.5% | 0.5% | 3.5% |
Natural gas, NGLs and condensate sales | | 67.8% | -43.3% | -35.5% | | | | -56.7% |
Cost of goods sold [+] | 0.0 | 156.1 | 126.9 | 162.2 | 204.5 | 151.1 | 122.8 | 126.4 |
Maintenance and operations costs | | 74.2 | 86.0 | 98.7 | 96.9 | 93.9 | 95.3 | 95.0 |
Oil & gas costs | | | | | | | | 31.4 |
Gross profit | 369.6 | 244.5 | 256.6 | 281.4 | 302.1 | 337.6 | 279.6 | 274.2 |
Gross margin | 100.0% | 61.0% | 66.9% | 63.4% | 59.6% | 69.1% | 69.5% | 68.4% |
Selling, general and administrative [+] | 44.9 | 58.2 | 73.4 | 55.9 | 52.9 | 54.7 | 52.4 | 45.1 |
General and administrative | 44.9 | 58.2 | 73.4 | 55.9 | 52.9 | 54.7 | 52.4 | 45.1 |
Equity in earnings | 18.1 | 7.9 | 11.3 | -337.9 | -10.9 | -2.2 | -30.3 | -6.6 |
Other operating expenses | 265.4 | 41.9 | -408.2 | -343.3 | 10.3 | -158.8 | 25.4 | -6.7 |
EBITDA [+] | | 153.2 | 603.6 | 232.0 | 227.8 | 438.9 | 171.9 | 230.0 |
EBITDA growth | -49.5% | -74.6% | 160.1% | 1.9% | -48.1% | 155.3% | -25.3% | 29.0% |
EBITDA margin | 20.9% | 38.2% | 157.4% | 52.3% | 45.0% | 89.8% | 42.7% | 57.4% |
Depreciation and amortization | | 120.0 | 119.1 | 111.6 | 106.8 | 114.9 | 112.7 | 105.9 |
EBIT [+] | 77.4 | 33.2 | 484.5 | 120.5 | 121.0 | 324.0 | 59.2 | 124.1 |
EBIT growth | 133.1% | -93.1% | 302.2% | -0.4% | -62.7% | 447.1% | -52.3% | 43.5% |
EBIT margin | 20.9% | 8.3% | 126.3% | 27.2% | 23.9% | 66.3% | 14.7% | 31.0% |
Non-recurring items [+] | 98.1 | 12.4 | 24.9 | 83.2 | 7.2 | 189.3 | 3.2 | 259.5 |
Asset impairment | 91.6 | 10.2 | 13.1 | 76.7 | 7.2 | 188.7 | 1.8 | 258.2 |
Loss (gain) on sale of assets | -0.5 | -0.4 | -0.3 | -1.5 | | 0.5 | 0.1 | |
Interest expense, net [+] | 102.5 | 66.2 | 78.9 | 92.0 | 60.5 | 68.1 | 63.8 | 59.1 |
Interest expense | 102.5 | 66.2 | 78.9 | 92.0 | 60.5 | 68.1 | 63.8 | 59.1 |
Interest income | | | | | | | | 0.0 |
Other income (expense), net [+] | | 17.2 | -203.1 | | | 22.0 | | -21.8 |
Gain (loss) on debt retirement | | -3.5 | 203.1 | | | -22.0 | | |
Environmental remediation expense | | | | | | | | 21.8 |
Other | | | | | | | | -21.8 |
Pre-tax income | -123.1 | -28.2 | 177.7 | -54.6 | 53.3 | 88.6 | -7.8 | -216.3 |
Income taxes | 0.3 | -0.3 | -0.1 | 1.2 | 0.0 | 0.3 | 0.1 | -0.6 |
Tax rate | | 1.2% | | | 0.1% | 0.4% | | 0.3% |
Minority interest | | | 3.3 | -209.3 | 0.2 | 0.4 | 0.0 | |
Net income | -123.5 | -19.9 | 185.8 | -184.5 | 32.8 | 75.5 | -48.2 | -195.6 |
Net margin | -33.4% | -5.0% | 48.5% | -41.6% | 6.5% | 15.4% | -12.0% | -48.8% |
|
Basic EPS [+] | ($12.14) | ($2.96) | $51.73 | ($61.06) | $0.45 | $1.04 | ($0.71) | ($3.07) |
Growth | 310.3% | -105.7% | -184.7% | -13745.7% | -56.9% | -247.1% | -77.0% | 554.4% |
Diluted EPS [+] | ($12.14) | ($2.96) | $50.30 | ($61.06) | $0.45 | $1.03 | ($0.71) | ($3.07) |
Growth | 310.3% | -105.9% | -182.4% | -13803.6% | -56.9% | -246.4% | -77.0% | 554.4% |
|
Dividends per share [+] | | | | $9.43 | $2.47 | $2.46 | | $2.39 |
Growth | | | -100.0% | 282.7% | 0.1% | | -100.0% | 12.9% |
|
Shares outstanding (basic) [+] | 10.2 | 6.7 | 3.6 | 3.0 | 73.3 | 72.7 | 68.3 | 63.6 |
Growth | 50.8% | 87.7% | 18.9% | -95.9% | 0.8% | 6.5% | 7.3% | 10.2% |
Shares outstanding (diluted) [+] | 10.2 | 6.7 | 3.7 | 3.0 | 73.6 | 73.0 | 68.3 | 63.6 |
Growth | 50.8% | 82.5% | 22.3% | -95.9% | 0.8% | 7.0% | 7.3% | 10.2% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |