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SRC Energy
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April 2019 Corporate Presentation
| Lynn A. Peterson | Page 16 of 11 |
May 03, 2025
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Adjusted EBITDA Reconciliation SRC ENERGY INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) 12/31/2018 12/31/2017 12/31/2018 12/31/2017 Adjusted EBITDA Net Income (loss) 81,974 $ 50,818 $ 260,022 $ 142,482 $ Add back: Depreciation, depletionand amortization 55,627 38,913 179,773 112,309 Goodwill impairment 40,711 0 40,711 0 Income tax expense (benefit) 19,891 (99) 37,967 (99) Stock based compensation 2,940 2,835 12,287 11,225 Mark to market of commodity derivatives contracts: Total (gain) loss on commodity derivatives contracts (52,017) 6,550 (23,413) 4,226 Cash settlements on commodity derivatives contracts (6,096) 4 (19,359) 942 Cash premiums paid for commodity derivatives contracts 0 0 0 0 Interest, net (62) 11,526 (99) 11,479 Adjusted EBITDA 142,968 $ 110,707 $ 487,889 $ 282,564 $ Three months ended Twelve months ended