ENERGY RESOURCES 12, 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
	10-K	10-K	10-K	10-K	10-K	10-K
Revenues	58.1	57.9	34.9	64.4	25.7	0.0
Revenue growth	0.4%	65.9%	-45.8%	150.5%
Cost of goods sold	21.1	22.0	18.4	22.8	8.0	0.0
Gross profit	37.1	35.9	16.5	41.6	17.7	0.0
Gross margin	63.8%	62.0%	47.4%	64.6%	68.9%
Selling, general and administrative [+]	2.4	2.4	2.4	2.3	1.6	0.1
General and administrative	2.4	2.4	2.4	2.3	1.6	0.1
EBITDA [+]	34.7	33.5	14.2	39.3	16.1
EBITDA growth	3.5%	136.9%	-64.0%	143.9%	-16313.8%
EBITDA margin	59.7%	57.9%	40.5%	61.0%	62.7%
Depreciation and amortization	13.7	15.3	14.2	17.2	4.9
EBIT [+]	21.0	18.2	0.0	22.1	11.2	-0.1
EBIT growth	14.9%	-38621.4%	-100.2%	97.5%	-11356.2%
EBIT margin	36.1%	31.5%	-0.1%	34.3%	43.5%
Non-recurring items						0.5
Interest expense, net [+]	-0.1	0.0	0.0	1.6	1.7	-0.1
Interest expense		0.0		1.6	1.7
Interest income	0.1		0.0			0.1
Other income (expense), net [+]		-1.4	0.7	-2.1	0.9
Gain (loss) on debt retirement				-1.0
Gain (loss) on derivative instruments					0.9
Pre-tax income	21.1	16.9	0.7	18.3	10.4	-0.5
Income taxes	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%
Net income	21.1	16.9	0.7	18.3	10.4	-0.5
Net margin	36.3%	29.1%	2.0%	28.5%	40.3%

Basic EPS						($0.48)
Diluted EPS						($0.48)

Dividends per share						$1.37

Shares outstanding (basic)						1.1
Shares outstanding (diluted)						1.1

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