Vanguard Natural Resources, LLC (VNRR) [Rocket]

In millions, except per share items	Jun-30-19	Mar-31-19	Dec-31-18	Sep-30-18	Jun-30-18	Mar-31-18	Dec-31-17	Sep-30-17
	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	8-K	8-K
Revenues	70.9	48.0	203.7		66.4	104.7
Revenue growth	6.8%	-54.2%			-29.4%	-11.8%
Cost of goods sold [+]	36.9	36.1	45.1		44.7	40.8
Lease costs	29.0	26.2	33.5		36.8	31.0
Direct taxes	7.8	9.8	11.5		8.0	9.8
Gross profit	34.1	11.9	158.6		21.6	63.9
Gross margin	48.0%	24.8%	77.9%		32.6%	61.1%
Selling, general and administrative [+]	9.2	12.6	11.3		11.1	12.7
General and administrative			11.3
Other operating expenses [+]	8.8	9.7	9.3		10.2	12.8
Exploration expenses	0.3	0.2	0.2		0.4	1.3
EBITDA [+]	16.1	-10.4	138.0		0.3	38.4
EBITDA growth	4608.5%	-127.1%			-99.1%	-36.0%
EBITDA margin	22.6%	-21.6%	67.8%		0.5%	36.6%
Depreciation and amortization	39.0	35.7	35.8		38.7	40.0
EBIT [+]	-23.0	-46.1	102.2		-38.4	-1.7
EBIT growth	-40.1%	2645.3%			-396.8%	-104.9%
EBIT margin	-32.4%	-96.1%	50.2%		-57.8%	-1.6%
Non-recurring items [+]	323.2	0.4	5.6		7.6	14.6
Asset impairment	323.2	0.4	5.6		7.6	14.6
Interest expense	1.7	17.0	16.2		15.9	14.8
Interest expense	1.7	17.0	16.2		15.9	14.8
Other income (expense), net [+]	-24.2	-18.8	-1.8		4.1	-1.6
Reorganization items	-24.7	-18.4	-0.6		-0.6	-1.7
Gain (loss) on derivative instruments	-9.1	-61.1	85.5		-45.3	-18.6
Other	0.5	0.1	0.8		-0.2	0.1
Pre-tax income	-372.1	-82.3	78.6		-57.7	-32.6
Income taxes	0.0	0.0	0.0		0.0	0.0
Tax rate	0.0%	0.0%	0.0%		0.0%	0.0%
Minority interest					-0.1	-0.1
Net income	-372.1	-82.3	78.6		-57.8	-32.7
Net margin	-524.7%	-171.5%	38.6%		-87.0%	-31.2%

Basic EPS [+]	($18.49)	($4.09)	$3.91		($2.87)	($1.63)
Growth	543.3%	151.4%			601.0%	1815.1%
Diluted EPS [+]	($18.49)	($4.09)	$3.91		($2.87)	($1.63)
Growth	543.3%	151.4%			601.0%	1815.1%

Growth							-100.0%

Shares outstanding (basic) [+]	20.1	20.1	20.1		20.1	20.1
Growth	0.1%	0.1%			-84.7%	-84.7%
Shares outstanding (diluted) [+]	20.1	20.1	20.1		20.1	20.1
Growth	0.1%	0.1%			-84.7%	-84.7%

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