NXG Cushing Midstream Energy Fund Financial Ratios — SRV

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	12.99
Return on Assets (%)	- -	2.45	0.63	-20.07	25.69	15.12	2.94	32.98	1.56
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	101.34	91.8	69.26	101.87	98.68	98.11	89.76	98	78.88
Profit Margin (%)	110.54	91.8	57.74	101.87	98.68	98.11	89.76	98	78.88
Net Income to Common Margin (%)	110.54	91.8	57.74	101.87	98.68	98.11	89.76	98	78.88
Effective Tax Rate (%)	- -	- -	16.63	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	-62.47	272.6	1,152.87	-31.24	12.9	31.95	346.5	26.61	629.7
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	-68.83

Credit (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Total Debt	34	26	29	14	34	7	19	48	55
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	34	26	29	14	34	7	19	48	55
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-69.97	-83.25	-93.48	-103.42	-16.37	-3.29	-2.77	16.59	7.72
Long-Term Debt/Equity (%)	41.54	34.1	41.47	23.32	41.68	7.85	22.78	24.78	27.39
Long-Term Debt/Capital (%)	-71.97	-43.34	-45.42	-22.28	228.75	223.17	118.08	54.45	73.56
Long-Term Debt/Total Assets (%)	29.28	25.17	29.2	18.85	29.09	5.96	18.07	19.83	21.47
Total Debt/Equity (%)	41.54	34.1	41.47	23.32	41.68	7.85	22.78	24.78	27.39
Total Debt/Capital (%)	-71.97	-43.34	-45.42	-22.28	228.75	223.17	118.08	54.45	73.56
Total Debt/Total Assets (%)	29.28	25.17	29.2	18.85	29.09	5.96	18.07	19.83	21.47
Net Debt to Equity	- -	- -	-0.02	- -	- -	- -	- -	- -	- -
Net Debt/Capital (%)	- -	- -	0.03	- -	-0.01	- -	- -	- -	- -
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-69.97	-83.25	-93.48	-103.42	-16.37	-3.29	-2.77	16.59	7.72
Long-Term Debt/Equity (%)	41.54	34.1	41.47	23.32	41.68	7.85	22.78	24.78	27.39
Long-Term Debt/Capital (%)	-71.97	-43.34	-45.42	-22.28	228.75	223.17	118.08	54.45	73.56
Long-Term Debt/Total Assets (%)	29.28	25.17	29.2	18.85	29.09	5.96	18.07	19.83	21.47
Total Debt/Equity (%)	41.54	34.1	41.47	23.32	41.68	7.85	22.78	24.78	27.39
Total Debt/Capital (%)	-71.97	-43.34	-45.42	-22.28	228.75	223.17	118.08	54.45	73.56
Total Debt/Total Assets (%)	29.28	25.17	29.2	18.85	29.09	5.96	18.07	19.83	21.47
CFO/Total Liabilities	68.1	54.95	15.18	144.65	-47.56	108.64	-1.32	-166.99	-17.97
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	-1.07	-1.14	-1.3	-1.68	-0.02	0.1	- -	0.47	0.13

Working Capital (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	34	26	29	14	34	7	19	48	55
Enterprise Value	34	26	29	14	34	7	19	48	55
Total Capital	-47	-60	-64	-62	15	3	16	89	75
Total Debt/Capital (%)	-71.97	-43.34	-45.42	-22.28	228.75	223.17	118.08	54.45	73.56
Total Debt / EV	1	1	1	1	1	1	1	1	1
EV/Sales	- -	8.93	26.36	- -	1.37	0.4	5.13	0.82	11.14
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	1.46	1.75	6.49	0.68	- -	0.23	- -	- -	- -
EV/Free Cash Flow to Firm	1.46	1.75	6.49	0.68	- -	0.23	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	34	26	29	14	34	7	19	48	55
EV per Share	19.45	14.8	16.03	8.82	15.06	3.27	8.58	12.65	- -
TTM Sales	-11	3	1	-17	25	18	4	59	5
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	23	15	4	21	-17	32	- -	-81	-10
TTM Free Cash Flow to Firm	23	15	4	21	-17	32	- -	-81	-10

Multiples (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	34	26	29	14	34	7	19	48	55
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	8.93	26.36	- -	1.37	0.4	5.13	0.82	11.14
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	- -	8.93	26.36	- -	1.37	0.4	5.13	0.82	11.14
EV/Sales High	- -	8.93	26.36	- -	1.37	0.4	5.13	0.82	11.14
EV/Sales Low	- -	8.93	26.36	- -	1.37	0.4	5.13	0.82	11.14
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Average	34	26	29	14	34	7	19	48	55
Enterprise Value High	34	26	29	14	34	7	19	48	55
Enterprise Value Low	34	26	29	14	34	7	19	48	55

Shares Outstanding	2	2	2	2	2	2	2	4	5
Diluted Weighted Avg Shares	2	2	2	2	2	2	2	4	- -
Basic Weighted Avg Shares	2	2	2	2	2	2	2	4	- -
Revenue per Share	-6.1	1.66	0.61	-10.79	11.03	8.22	1.67	15.44	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	-6.75	1.52	0.35	-10.99	10.88	8.06	1.5	15.13	- -
Basic EPS from Cont Ops	-6.75	1.52	0.35	-10.99	10.88	8.06	1.5	15.13	- -
Diluted EPS, GAAP	-6.75	1.52	0.35	-10.99	10.88	8.06	1.5	15.13	- -
Diluted EPS from Cont Ops	-6.75	1.52	0.35	-10.99	10.88	8.06	1.5	15.13	- -
Dividend per Share	4.22	4.15	4.05	3.43	1.4	2.58	5.2	4.03	- -
Cash Flow per Share	13.35	8.47	2.47	12.99	-7.44	14.38	-0.13	-21.29	- -
Free Cash Flow per Basic Share	13.35	8.47	2.47	12.99	-7.44	14.38	-0.13	-21.29	- -
Cash & Equivalents per Share	- -	- -	0.01	- -	- -	- -	- -	- -	- -
Book Value per Share	-46.47	-48.96	-51.34	-48.38	-8.47	-1.8	-1.31	10.58	- -
Tangible Book Value per Share	46.82	43.4	38.67	37.8	36.12	41.64	37.69	51.03	- -

NXG Cushing Midstream Energy Fund

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)