RE:RE:RE:RE:Calculation Net backs are not funds from operations and FFO is not free cash flow. GXE offers 30% of free cash flow for variable dividends on a quarterly basis. The initial divvy is $.01 but the next quarter is estimated as $.026 with the 2022 year estimated at $.07.
Given the rise in oil prices, dividends should be more than $.07 based on a full year. The remaining 70% of free cash flow will be apportioned between growth, buybacks and a special dividend (which, to me, refers to the leftover free cash at year end that is surplus to growth and buybacks, if GXE executes guidance).