Evolve Transition Infrastructure LP (SNMP) [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:
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.