Recent Highlights Strong Operational Performance Sequential growth in both throughput and EBITDA Increased Quarterly Distribution to 0.46/Unit Twelfth consecutive quarterly increase Generated Quarterly Distribution Coverage…
Financial Summary 1Q12 vs. 4Q11 ( in millions) 1Q12 4Q11(2) Adjusted EBITDA 84.8 68.4 Total Capex(1) 52.2 45.8 Maintenance Capex(1) 5.8 6.9 Maint. Capex as % of EBITDA 7% 10% Distributable Cash Flow 73.1 56.9 Coverage Ratio…
Operating Summary Gross Margin Attributable to WES of 0.56 Per Mcf Impact of Mountain Gas acquisition Average Daily Throughput of 2.4 Bcf/d Short-term processing volumes at MGR Sequential growth at Wattenberg, Chipeta, and Ft.…
2012 Outlook Full-Year ( in millions) 2012 Adjusted EBITDA 335 - 365 Total Capex 410 - 460 Maint. Capex as % of Adj. EBITDA 8 - 11% Distribution Growth 16 - 20% 6
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Non-GAAP Reconciliation Adjusted EBITDA The Partnership defines Adjusted EBITDA as net income (loss), plus distributions from equity investees, non-cash equity- based compensation expense, general and administrative expenses in excess…
Non-GAAP Reconciliation Distributable Cash Flow The Partnership defines Distributable Cash Flow as Adjusted EBITDA, plus interest income, less net cash paid for interest expense, (including amortization of deferred debt issuance costs…
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