Some disclosures may include financial measures that are not in accordance with United States generally accepted accounting principles (GAAP). While management believes that these non-GAAP measures are useful for investors, they
should not be used as a replacement for financial measures presented in accordance with GAAP. See the attached schedule for a discussion of each of these non-GAAP measures, including reconciliations to their most directly comparable
GAAP measure.
- Adjusted Net Income (Loss)
- Adjusted EBITDAX and Adjusted EBITDAX per Boe
- Adjusted EBITDAX Margin
- Core Adjusted EBITDAX
- Discretionary Cash Flow
- Free Cash Flow
- Production Costs per Boe, Excluding Effects of PSC-type Contracts
- Adjusted General and Administrative Expenses
- Leverage and Net Debt
Performance and Other Measures
- PV-10 and Standardized Measure
- Reserves Replacement Ratios
- Finding and Development Costs
- Recycle Ratio
- Debt-Adjusted Shares