Recent Highlights Closed Texas Express and Front Range Acquisitions Raised WES Distribution to 0.625 per unit 16% growth over 1Q13 Raised WGP Distribution to 0.25 per unit 40% growth over 1Q13 Commissioned Lancaster Plant in…
WES Financial Summary 1Q14 vs. 4Q13 ( in millions) 1Q14 4Q13 Adjusted EBITDA 141.0 129.0 Total Capex(1) 189.1 173.9 Maintenance Capex(1) 8.8 10.3 Maint. Capex as % of EBITDA 6% 8% Distributable Cash Flow 119.3 105.7 Coverage Ratio…
First-Quarter Operating Summary Throughput 2% Higher than 4Q(1) DJ Basin volumes impacted by weather-related issues 90% demand charge at Brasada began 1/1/14 Sequential growth at Marcellus, Chipeta and Granger Straddle Plant…
Throughput Reconciliation 1Q14 vs. 4Q13 4Q13 DJ Basin DJ Basin 4Q13 1Q14 Reported Throughput DJ Basin Complex DJ Basin Complex Throughput1 Reported as Throughput Reported Throughput both Gathered Note: and Processed (1) Sum of…
2014 Outlook Full-Year ( in millions) 2014 WES Adjusted EBITDA(1) 600-650 WES Total Capex(1)(2) 650-700 WES Maint. Capex as % of Adj. EBITDA 8-11% WES Minimum Distribution Growth 15% WGP Minimum Distribution Growth 34% (1)…
Reconciliations 8
WES Non-GAAP Reconciliation Adjusted EBITDA The Partnership defines Adjusted EBITDA as net income (loss) attributable to Western Gas Partners, LP, plus distributions from equity investees, non-cash equity-based compensation expense,…
WES Non-GAAP Reconciliation Adjusted EBITDA The Partnership defines Adjusted EBITDA as net income (loss) attributable to Western Gas Partners, LP, plus distributions from equity investees, non-cash equity-based compensation expense,…
WES Non-GAAP Reconciliation Distributable Cash Flow WES defines Distributable cash flow as Adjusted EBITDA, plus interest income, less net cash paid for interest expense (including amortization of deferred debt issuance costs…
WES Non-GAAP Reconciliation Adjusted gross margin WES defines Adjusted gross margin as total revenues less cost of product, plus distributions from equity investees and excluding the noncontrolling interest owners proportionate share of…
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