Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Midstream Logistics | 1,211.6 | 662.0 | 410.2 | | | |
| Pipeline Transportation | 1.8 | 0.0 | 0.0 | | | |
| Total revenues | 1,213.5 | 662.0 | 410.2 | 135.8 | 76.8 | 15.1 |
| Revenue growth [+] | 83.3% | 61.4% | 202.0% | 76.9% | 406.9% | |
| Midstream Logistics | 83.0% | 61.4% | | | | |
| Pipeline Transportation | 22912.5% | 60.0% | | | | |
| Cost of goods sold [+] | 137.3 | 90.9 | 93.7 | 13.2 | 7.6 | 16.7 |
| Direct taxes | | | | | | 0.1 |
| Gross profit | 1,076.2 | 571.2 | 316.5 | 122.6 | 69.1 | -1.6 |
| Gross margin | 88.7% | 86.3% | 77.2% | 90.3% | 90.1% | -10.2% |
| Selling, general and administrative [+] | 94.3 | 28.6 | 22.9 | 10.3 | 7.4 | 4.0 |
| General and administrative | 94.3 | 28.6 | 22.9 | 10.3 | 7.4 | 4.0 |
| Equity in earnings | -181.0 | -63.1 | 0.3 | 19.1 | | |
| Other operating expenses | 545.9 | 244.7 | 72.6 | 55.9 | 53.9 | |
| EBITDA [+] | 255.1 | 234.7 | 221.3 | 75.5 | 7.8 | -5.5 |
| EBITDA growth | 8.7% | 6.1% | 193.2% | 864.3% | -241.2% | |
| EBITDA margin | 21.0% | 35.5% | 53.9% | 55.6% | 10.2% | -36.6% |
| Depreciation | 139.6 | 106.8 | 97.4 | 41.5 | 20.1 | 6.0 |
| EBITA | 115.5 | 128.0 | 123.9 | 34.0 | -12.2 | -11.5 |
| EBITA margin | 9.5% | 19.3% | 30.2% | 25.0% | -15.9% | -76.2% |
| Amortization of intangibles | 120.7 | 136.8 | 126.4 | | | |
| EBIT [+] | -5.2 | -8.8 | -2.5 | 34.0 | -12.2 | -11.5 |
| EBIT growth | -40.5% | 255.0% | -107.3% | -377.7% | 6.1% | |
| EBIT margin | -0.4% | -1.3% | -0.6% | 25.0% | -15.9% | -76.2% |
| Non-recurring items [+] | 25.2 | 0.8 | 1,017.7 | 1,300.7 | | |
| Asset impairment | | | 1,010.8 | 1,300.7 | | |
| Loss (gain) on sale of assets | 12.6 | 0.4 | 3.5 | | | |
| Interest expense, net [+] | 149.3 | 117.4 | 135.5 | -3.6 | -1.6 | |
| Interest expense | 149.3 | 117.4 | 135.5 | 6.4 | 8.4 | 7.1 |
| Interest income | | | | 3.6 | 1.6 | |
| Other income (expense), net [+] | 433.1 | 130.3 | 0.9 | 6.7 | 8.3 | 7.1 |
| Unrealized gain/loss on derivatives | | | | 2.7 | | |
| Change in fair value of warrants | | | | 11.2 | | |
| Other | | | | -0.6 | | |
| Pre-tax income | 253.3 | 3.3 | -1,154.8 | -1,262.8 | -10.7 | -11.5 |
| Income taxes | 2.6 | 1.9 | 1.0 | 64.9 | -10.5 | 7.0 |
| Tax rate | 1.0% | 55.7% | | | 97.8% | |
| Net income | 135.5 | 1.5 | -1,155.8 | -1,366.5 | -0.2 | -18.6 |
| Net margin | 11.2% | 0.2% | -281.8% | -1006.3% | -0.3% | -122.7% |
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| Basic EPS [+] | $3.28 | | | ($364.80) | ($0.03) | ($0.30) |
| Growth | | | | 1321105.7% | -90.7% | |
| Diluted EPS [+] | $3.28 | | | ($364.80) | ($0.03) | ($0.30) |
| Growth | | | | 1321105.7% | -90.7% | |
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| Shares outstanding (basic) [+] | 41.3 | | | 3.7 | 8.7 | 62.3 |
| Growth | | | | -56.7% | -86.1% | |
| Shares outstanding (diluted) [+] | 41.4 | | | 3.7 | 8.7 | 62.3 |
| Growth | | | | -56.7% | -86.1% | |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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