Energy 11, L.P. [Rocket]

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	112.0	74.1	36.5	36.0	54.7	41.0	20.4	0.7
Revenue growth	51.2%	102.9%	1.4%	-34.2%	33.5%	101.4%	2793.6%
Cost of goods sold [+]	26.8	17.3	12.9	12.7	16.3	15.4	1.9	0.2
Lease costs								0.1
Direct taxes	9.1	5.7	3.1	2.9	4.5	3.4
Natural gas midstream costs								0.0
Gross profit	85.2	56.8	23.6	23.3	38.5	25.6	18.5	0.5
Gross margin	76.1%	76.6%	64.6%	64.6%	70.3%	62.4%	90.8%	76.2%
Selling, general and administrative [+]	2.1	1.5	1.6	1.3	1.4	0.9	2.3	0.7
General and administrative	2.1	1.5	1.6	1.3	1.4	0.9	2.3	0.7
Other operating expenses							5.8	0.3
EBITDA [+]	83.1	55.3	22.0	22.0	37.1	24.7	10.4	-0.5
EBITDA growth	50.4%	150.8%	0.2%	-40.7%	50.4%	136.5%	-2044.7%	227.8%
EBITDA margin	74.2%	74.6%	60.3%	61.0%	67.8%	60.1%	51.2%	-76.2%
Depreciation and amortization	21.0	22.5	22.7	12.5	15.9	15.1	9.5	0.4
EBIT [+]	62.2	32.8	-0.6	9.5	21.2	9.6	0.9	-0.9
EBIT growth	89.6%	-5348.8%	-106.6%	-54.9%	120.8%	961.6%	-197.2%	467.5%
EBIT margin	55.5%	44.3%	-1.7%	26.5%	38.6%	23.4%	4.4%	-131.9%
Non-recurring items								0.3
Interest expense	1.5	1.8	1.9	0.9	0.8	0.7	6.1	0.3
Interest expense	1.5	1.8	1.9	0.9	0.8	0.7	6.1	0.3
Other income (expense), net	-7.3	-2.9	-0.3	-0.2	-1.7	-1.0
Pre-tax income	53.4	28.0	-2.8	8.5	18.6	7.9	-5.2	-1.6
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net income	53.4	28.0	-2.8	8.5	18.6	7.9	-5.2	-1.6
Net margin	47.7%	37.9%	-7.7%	23.5%	34.1%	19.3%	-25.7%	-222.1%




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