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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Midstream | | | | 65.9 | 59.7 | 55.8 | 53.7 | |
Oil sales | | | | 9.5 | 21.3 | 23.7 | | |
Natural gas sales | | | | 0.7 | 1.0 | 6.6 | 10.4 | 19.8 |
Other | | | | 0.5 | 1.7 | 2.0 | 6.6 | 48.6 |
Total revenues [+] | 36.1 | 51.5 | 45.5 | 76.6 | 83.6 | 88.1 | 70.7 | 68.4 |
Natural gas midstream | | | | | | | 54.0 | 11.7 |
Oil & gas | | | | | | | 11.6 | 21.4 |
Revenue growth [+] | -29.9% | 13.3% | -40.7% | -8.3% | -5.1% | 24.7% | 3.3% | -11.4% |
Midstream | | | | 10.5% | 6.9% | 3.9% | | |
Oil sales | | | | -55.3% | -10.2% | | | |
Natural gas sales | | | | -28.3% | -85.6% | -36.3% | -47.5% | -42.5% |
Cost of goods sold [+] | 10.4 | 9.8 | 13.2 | 0.6 | 1.1 | 1.6 | 29.0 | 22.8 |
Cost of product sales | | | | | | | 0.3 | 0.6 |
Lease costs | | | | | | | 15.0 | 20.0 |
Direct taxes | | | | | | 1.5 | 1.2 | |
Natural gas midstream costs | | | | | | | 12.5 | 2.2 |
Gross profit | 25.8 | 41.6 | 32.3 | 76.0 | 82.5 | 86.6 | 41.7 | 45.7 |
Gross margin | 71.3% | 80.9% | 71.1% | 99.2% | 98.7% | 98.2% | 59.0% | 66.7% |
Selling, general and administrative [+] | 6.0 | 10.1 | 18.3 | 17.6 | 23.7 | 22.7 | 22.9 | 23.7 |
General and administrative | 6.0 | 10.1 | 18.3 | 17.6 | 23.7 | 22.7 | 22.9 | 23.7 |
Equity in earnings | 6.1 | -54.1 | 4.5 | 2.8 | 12.9 | 7.9 | 2.4 | 0.1 |
Other operating expenses [+] | | | | 20.8 | 19.4 | 24.6 | -44.5 | 15.9 |
Exploration expenses | | | | | | | | 1.9 |
EBITDA [+] | 25.9 | -22.1 | 20.7 | 40.4 | 52.3 | 33.7 | 53.8 | 4.9 |
EBITDA growth | -217.1% | -206.7% | -48.8% | -22.6% | 55.3% | -37.4% | 997.3% | -85.7% |
EBITDA margin | 71.6% | -42.9% | 45.5% | 52.8% | 62.5% | 38.2% | 76.1% | 7.2% |
Depreciation | 6.9 | 7.5 | 9.4 | 11.9 | 12.5 | 7.7 | 8.1 | 10.4 |
EBITA | 18.9 | -29.6 | 11.3 | 28.6 | 39.8 | 26.0 | 45.7 | -5.5 |
EBITA margin | 52.4% | -57.6% | 24.8% | 37.3% | 47.5% | 29.5% | 64.6% | -8.1% |
Amortization of intangibles | 11.6 | 13.5 | 13.5 | 13.5 | 13.5 | 13.6 | 13.8 | 2.8 |
EBIT [+] | 7.4 | -43.1 | -2.2 | 15.1 | 26.3 | 12.4 | 31.9 | -8.3 |
EBIT growth | -117.1% | 1885.1% | -114.4% | -42.5% | 112.0% | -61.1% | -482.5% | -149.9% |
EBIT margin | 20.4% | -83.7% | -4.8% | 19.7% | 31.5% | 14.1% | 45.2% | -12.2% |
Non-recurring items [+] | 4.4 | | 0.9 | 32.1 | | 4.7 | 7.6 | 123.9 |
Asset impairment | | | 0.9 | 32.1 | | 4.7 | 7.6 | 123.9 |
Loss (gain) on sale of assets | 4.4 | | | | | | | |
Interest expense | 55.2 | 113.0 | 95.9 | 39.8 | 11.0 | 8.3 | 5.1 | 4.2 |
Interest expense | 55.2 | 113.0 | 95.9 | 39.8 | 11.0 | 8.3 | 5.1 | 4.2 |
Other income (expense), net [+] | -0.7 | 0.6 | 0.1 | 5.9 | 0.5 | -2.4 | 0.1 | -0.6 |
Gain (loss) on sale of assets | | | | | -3.2 | -4.2 | 0.2 | -0.1 |
Other | -0.7 | 0.6 | 0.1 | 5.9 | 0.5 | -2.4 | 0.1 | -0.6 |
Pre-tax income | -53.0 | -155.4 | -98.8 | -50.9 | 15.9 | -3.0 | 19.2 | -137.0 |
Income taxes | 0.1 | 0.0 | 0.2 | 0.2 | 0.2 | 0.0 | 0.0 | 0.1 |
Tax rate | | 0.0% | | | 1.2% | 0.0% | 0.0% | |
Earnings from continuing ops | -53.1 | -155.4 | -99.0 | 27.7 | -23.6 | -40.7 | -44.5 | -154.8 |
Earnings from discontinued ops | | | -19.8 | | | | | |
Net income | -53.1 | -154.5 | -118.8 | 27.7 | -23.6 | -40.7 | -44.5 | -154.8 |
Net margin | -147.2% | -300.2% | -261.3% | 36.1% | -28.2% | -46.2% | -62.9% | -226.2% |
|
Basic EPS [+] | ($0.35) | ($2.05) | ($4.96) | $1.46 | ($1.55) | ($2.84) | | |
Growth | -83.0% | -58.6% | -439.1% | -194.5% | -45.7% | | | |
Diluted EPS [+] | ($0.35) | ($2.05) | ($4.96) | $1.40 | ($1.55) | ($2.84) | | |
Growth | -83.0% | -58.6% | -454.7% | -190.4% | -45.7% | | | |
|
Dividends per share [+] | | | | $0.28 | $1.52 | $1.76 | | |
Growth | | | -100.0% | -81.9% | -13.5% | | | |
|
Shares outstanding (basic) [+] | 152.6 | 75.7 | 20.0 | 18.9 | 15.3 | 14.3 | | |
Growth | 101.7% | 278.9% | 5.5% | 24.1% | 6.6% | | | |
Shares outstanding (diluted) [+] | 152.6 | 75.7 | 20.0 | 19.8 | 15.3 | 14.3 | | |
Growth | 101.7% | 278.9% | 0.8% | 29.8% | 6.6% | | | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |