Fortis Minerals, LLC [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17
	S-1	S-1
Revenues	142.6	68.0
Revenue growth	109.6%
Cost of goods sold	44.8	24.8
Gross profit	97.8	43.2
Gross margin	68.6%	63.5%
Selling, general and administrative [+]	7.6	6.8
General and administrative	7.6	6.8
Other operating expenses	0.8	0.7
EBIT [+]	89.3	35.7
EBIT growth	149.8%
EBIT margin	62.6%	52.5%
Non-recurring items [+]	-0.8	-0.7
Loss (gain) on disposal of assets	-0.8	-0.7
Interest expense, net [+]	5.2	0.2
Interest expense	5.2	0.2
Interest income	0.0	0.0
Other income (expense), net	0.1	0.0
Pre-tax income	85.0	36.2
Income taxes	0.2	0.0
Tax rate	0.3%	0.0%
Net income	84.8	36.2
Net margin	59.5%	53.2%



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