1) Free cash flow (FCF) is a financial measure; see supplemental slides.
1) Represents realized gains on the sale of certain undeveloped acreage in the Midland Basin. 2) Represents a realized net derivative gain on exercised convertible debt conversion options. 3) Excludes charitable donations of 10 million…
1) As of 9/30/2022. 2) As of 9/30/2022, the convertible bonds can be settled in cash or shares (10 MM shares) if the stock price is greater than 99.35. Capped calls provide dilution protection up to 141.38 per share (over time the…
1) EBITDAX represents earnings before depletion, depreciation and amortization expense; exploration and abandonments; accretion of discount on asset retirement obligations; interest expense; income taxes; net gain on the disposition…
1) Represents realized gains on the sale of certain undeveloped acreage in the Midland Basin. 2) Represents a realized net derivative gain on exercised convertible debt conversion options.