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Q2 2013 Earnings Call – Western Gas Partners Lp

Western Gas Partners Lp · Aug 1, 2013 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q2 2013 Earnings Call – Western Gas Partners Lp – slide 1
    Second-Quarter 2013 Review August 1, 2013
  2. Q2 2013 Earnings Call – Western Gas Partners Lp – slide 2
    Recent Highlights Raised WES Distribution to 0.56 per unit 17% growth over 2Q12 Raised WGP Distribution to 0.1975 per unit 10% growth over 1Q13 Brasada Plant Start-up in June Announced Sanctioning of Second Train at Lancaster…
  3. Q2 2013 Earnings Call – Western Gas Partners Lp – slide 3
    WES Financial Summary 2Q13 vs. 1Q13 ( in millions) 2Q13 1Q13 Adjusted EBITDA 107.6 95.9 Total Capex 169.5 161.5 Maintenance Capex 6.2 6.0 Maint. Capex as % of EBITDA 6% 6% Distributable Cash Flow 89.8 79.1 Coverage Ratio…
  4. Q2 2013 Earnings Call – Western Gas Partners Lp – slide 4
    Operating Summary Average Daily Throughput of 3.1 Bcf/d Sequential growth in all liquids-rich areas and Marcellus Gross Margin Attributable to WES of 0.55 Per Mcf Unchanged from 1Q13 Lancaster Remains on Time and on Budget…
  5. Q2 2013 Earnings Call – Western Gas Partners Lp – slide 5
    OTTCO Acquisition Connects two WES-owned facilities in SW Wyoming 27.5MM Purchase Price Patrick Granger Draw Plant Plant Expected to add 3.5MM of annual EBITDA Western Gas Partners, LP Processing Facilities Gathering…
  6. Q2 2013 Earnings Call – Western Gas Partners Lp – slide 6
    2013 Outlook Full-Year ( in millions) 2013 WES Adjusted EBITDA(1) 410 450 WES Total Capex(1)(2) 670 740 WES Maint. Capex as % of Adj. EBITDA 9 12% WES Minimum Distribution Growth 15% WGP Minimum Distribution Growth 33% (1)…
  7. Q2 2013 Earnings Call – Western Gas Partners Lp – slide 7
    www.westerngas.com
  8. Q2 2013 Earnings Call – Western Gas Partners Lp – slide 8
    WES Non-GAAP Reconciliation Reconciliation of Adjusted EBITDA to Net Cash Provided by Operating Activities The Partnership defines Adjusted EBITDA as net income attributable to Western Gas Partners, LP, plus distributions from equity…
  9. Q2 2013 Earnings Call – Western Gas Partners Lp – slide 9
    WES Non-GAAP Reconciliation Reconciliation of Net income attributable to Western Gas Partners, LP to Adjusted EBITDA The Partnership defines Adjusted EBITDA as net income attributable to Western Gas Partners, LP, plus distributions…
  10. Q2 2013 Earnings Call – Western Gas Partners Lp – slide 10
    WES Non-GAAP Reconciliation Reconciliation of Net income attributable to Western Gas Partners, LP to Distributable cash flow and calculation of the Coverage ratio The Partnership defines Distributable cash flow as Adjusted EBITDA, plus…

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