| Income Statement for Legacy Reserves LP Units Representing Ltd. Partner Interests (LGCY) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 112,236 | 69,086 | 19,384 | 14,310 | 11,333 | | Adjustments to Revenue | 7,889 | - | - | - | N/A | | Cost of Revenue | (26,739) | (18,789) | (7,917) | (5,274) | N/A | | Gross Operating Profit | 77,608 | 50,297 | 11,467 | 9,036 | 11,333 | | | Selling/General/Admin Expense | (8,392) | (3,691) | (1,354) | (731) | N/A | | Research & Development | N/A | N/A | N/A | N/A | N/A | | EBITDA | 69,216 | 46,606 | 10,113 | 8,305 | 11,333 | | Depreciation & Amortization | (28,805) | (19,290) | (2,385) | (883) | N/A | | EBIT | 40,411 | 27,316 | 7,728 | 7,422 | 11,333 | | Interest Income | 321 | 130 | 185 | 419 | N/A | | Other Income, Net | (85,735) | (13) | 25 | 1,384 | N/A | | Total Income Avail For Interest Expense | (48,207) | 11,002 | 7,443 | 9,408 | 11,333 | | Interest Expense | (7,118) | (6,645) | (1,584) | (214) | N/A | | Pre-Tax Income | (55,325) | 4,357 | 5,858 | 9,194 | 11,333 | | Income Taxes | (337) | - | - | - | N/A | | Minority Interest | - | - | 1 | - | N/A | | Net Income from Continuing Operations | (55,662) | 4,357 | 5,859 | 9,194 | 4,207 | | Net Income from Discontinued Operations | - | - | - | 22 | 243 | | Net Income from Total Operations | (55,662) | 4,357 | 5,859 | 9,217 | 4,450 | | | Normalized Income | (52,458) | 20,470 | 5,859 | 9,194 | N/A | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (3,204) | (16,113) | - | - | N/A | | Income from Cum. Effect of Acct Change | - | - | - | - | (223) | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (55,662) | 4,357 | 5,859 | 9,217 | 4,227 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 1.26 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | N/A | | | Basic EPS from Continuing Operations | -2.13 | 0.26 | 0.62 | 0.97 | 0.44 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | | Basic EPS from Total Operations | -2.13 | 0.26 | 0.62 | 0.97 | 0.47 | | | Diluted EPS from Continuing Operations | -2.13 | 0.26 | 0.62 | 0.97 | 0.44 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | | Diluted EPS from Total Operations | -2.13 | 0.26 | 0.62 | 0.97 | 0.47 | | | |
