FY25_Annual Report 4-6-26 DIGITAL

FINANCIALS FINANCIALS

FY 2024

FY 2025

VARIANCE

$ millions, subject to rounding

Oil (MBBL)

19,962

20,120

1%

Gas (MMCF)

41,757

46,086

10%

NGLs (BBL)

6,832

7,468

9%

Thousand Barrels of Oil Equivalent (MBOE)

33,754

35,269

4%

West Texas Intermediate (WTI)

$80

$70.13

-12%

Avg. Oil Price Received ($/BBL)

$80.45

$70.68

-12%

Avg. Gas Price Received ($/MCF)

$1.49

$1.32

-11%

Avg. NGL Price Received ($/BBL)

$21.84

$22.68

4%

Oil Revenue

$1,582

$1,413

-11%

Gas Revenue

$63

$65

3%

NGL Revenue

$150

$173

15%

Bonuses, Unitization Payments

$55

$68

25%

TOTAL

$1,850

$1,719

-7%

Water, Caliche, Damages

$40

$41

1%

Grazing

$5

$5

-2%

Easements, Renewables & Salt Water Disposal

$79

$94

19%

Interest, Penalty, Assignment Fees

$2

$3

34%

TOTAL

$127

$143

13%

TOTAL REVENUE

$1,977

$1,861

-5.8%

General & Administrative + Operating Costs

28

30

8%

$/Barrel of Oil Equivalent Production

0.84

0.86

3%

NET REVENUE

$1,948

$1,831

-6%

23

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