Vital Energy, Inc. (LPI) [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:
Exploration and production								432.7
Midstream and marketing								198.0
Total revenues [+]	1,920.8	1,394.1	677.2	837.3	1,105.8	822.2	597.4	606.6
Oil & gas sales								431.7
Revenue growth [+]	37.8%	105.9%	-19.1%	-24.3%	34.5%	37.6%	-1.5%	-23.6%
Exploration and production								-41.4%
Midstream and marketing								209.7%
Cost of goods sold [+]	285.0	170.7	115.1	131.5	140.7	112.9	103.9	315.6
Lease costs	174.0	102.0	82.0	90.8	91.3	75.0	75.3	108.3
Direct taxes	111.0	68.7	33.1	40.7	49.5	37.8	28.6	32.9
Oil & gas costs								174.3
Gross profit	1,635.8	1,223.3	562.1	705.8	965.0	709.3	493.5	291.1
Gross margin	85.2%	87.8%	83.0%	84.3%	87.3%	86.3%	82.6%	48.0%
Selling, general and administrative [+]	121.8	110.7	100.5	80.1	107.8	96.3	91.8	90.4
Sales and marketing	53.7	47.9	49.9	25.4	11.7
General and administrative	68.1	62.8	50.5	54.7	96.1	96.3	91.8	90.4
Equity in earnings						8.5	9.4	6.8
Other operating expenses	132.9	88.3	204.3	131.5	301.8	206.2	180.1	15.6
EBITDA [+]	1,381.2	1,024.3	257.4	494.2	555.4	415.2	231.0	191.8
EBITDA growth	34.8%	297.9%	-47.9%	-11.0%	33.7%	79.7%	20.4%	-59.5%
EBITDA margin	71.9%	73.5%	38.0%	59.0%	50.2%	50.5%	38.7%	31.6%
Depreciation and amortization	311.6	215.4	217.1	265.7	212.7	158.4	148.3	277.7
EBIT [+]	1,069.5	808.9	40.3	228.4	342.7	256.9	82.7	-85.9
EBIT growth	32.2%	1907.0%	-82.4%	-33.3%	33.4%	210.7%	-196.2%	-137.9%
EBIT margin	55.7%	58.0%	6.0%	27.3%	31.0%	31.2%	13.8%	-14.2%
Non-recurring items [+]	9.4	96.0	902.3	637.0	-5.8	-1.3	161.2	2,378.8
Asset impairment	0.0	1.6	899.0	620.9			162.0	2,374.9
Loss (gain) on sale of assets	-1.1	84.6	-1.0	-0.2	-5.8	-1.3	-0.8	-2.1
Interest expense, net [+]	125.1	113.4	105.0	61.5	57.9	89.4	93.3	102.8
Interest expense	125.1	113.4	105.0	61.5	57.9	89.4	93.3	103.2
Interest income								0.4
Other income (expense), net [+]	-298.0	-450.9	88.9	125.1	38.3	382.0	-88.9	180.6
Gain (loss) on sale of assets						405.9
Litigation settlement				42.5
Gain (loss) on debt retirement	-1.5		9.0	-0.9		-23.8	-0.8	-31.5
Unrealized gain/loss on derivatives	-298.7	-452.2	80.1	79.2	43.0	0.4	-87.4	214.3
Write-off of deferred debt issuance costs	-1.5		9.0	-0.9			-0.8
Other non-operating income							0.2
Other	2.2	1.3	-0.2	4.6	1.1	0.8	-0.2
Pre-tax income	637.0	148.7	-878.1	-345.0	328.8	550.8	-260.7	-2,386.9
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	631.5	145.0	-874.2	-342.5	324.6	549.0	-260.7	-2,209.9
Net margin	32.9%	10.4%	-129.1%	-40.9%	29.4%	66.8%	-43.6%	-364.3%

Basic EPS [+]	$37.88	$10.18	($74.92)	($29.61)	$27.94	$2.30	($1.16)	($11.10)
Growth	272.0%	-113.6%	153.0%	-206.0%	1116.9%	-298.6%	-89.6%	-690.4%
Diluted EPS [+]	$37.44	$10.03	($74.92)	($29.61)	$27.84	$2.29	($1.16)	($11.10)
Growth	273.5%	-113.4%	153.0%	-206.4%	1117.8%	-297.7%	-89.6%	-699.8%

Shares outstanding (basic) [+]	16.7	14.2	11.7	11.6	11.6	239.1	225.5	199.2
Growth	17.1%	22.0%	0.9%	-0.4%	-95.1%	6.0%	13.2%	40.9%
Shares outstanding (diluted) [+]	16.9	14.5	11.7	11.6	11.7	240.1	225.5	199.2
Growth	16.6%	24.0%	0.9%	-0.8%	-95.1%	6.5%	13.2%	38.7%

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