Regency Energy Partners LP ThirdQuarter Earnings Release November 8, 2012
SecondQuarter Performance Comparing the third quarter of 2012 to the third quarter of 2011, adjusted EBITDA increased to 114 million from 112 million, driven by volume growth in the gathering and processing segment, partially…
Gathering and Processing Segment Throughput increased 13% from the third quarter of 2011 to the third quarter of 2012, primarily driven by volume growth in south and west Texas and north Louisiana NGL gross production increased…
Joint Ventures Segment Adjusted EBITDA for the Joint Ventures segment decreased 3% from the third quarter of 2011 to the third quarter of 2012 Joint Ventures Segment Adjusted EBITDA1 59 60 56 58 57 54 50 40 in…
Contract Compression Segment Increased producer activity in liquidsrich plays is beginning to overcome horsepower declines in dry gas regions Segment Margin 45 40 Segment Margin ( in millions) 3 4 4 4 4 35 30 25 20 35 35 35…
Contract Treating Segment Beginning to benefit from shifting focus to liquidsrich plays Revenue Generating GPM 4,000 3,910 16 3,773 14 Segment Margin ( in millions) Revenue Generating GPM 3,500 3,468 3,465 12 3,370…
Liquidity Position In October, issued 700 million of Senior Notes due in 2023 at 5.50% and used proceeds to pay down revolving credit facility Capitalization Proforma ( in millions) 12/31/2011 9/30/2012 for Notes Offering…
Maintain Stable Cash Flows: Business Mix Focus on maintaining over 80% feebased margins Adjusted Total Segment Margin FY 2009 FY 2010 FY 2011 FY 2012E 9% 6% 3% 11% 8% 2% 21% 27% 71% 76% 83% 83% Feebased Hedged…
Sample Table and Footer Box Q&A NGL Logistics
Appendix
Maintain Stable Cash Flows: DCF Sensitivities DCF Sensitivity to Commodity Price Changes 2012 Change in WTI Price (/Bbl) Change in Natural Gas Price Decrease 10.00 Flat Increase 10.00 (/MMbtu) Decrease 1.00 (1.7)M…
Maintain Stable Cash Flows: Comprehensive Hedging Program Utilize a comprehensive hedging program to mitigate exposure C2 to C4 Equity Production vs. Hedged 5,000 4,000 Bbl/d 3,000 2,000 62% 84% 58% 55% 60% 4% 4% 4% 4% 1,000…
NonGAAP Reconciliation Three Months Ended September 30, 2012 June 30, 2012 March 31, 2012 December 31, 2011 September 30, 2011 ( in thousands) Net (loss) income (1,454) 29,327 28,900 13,628 30,849 Add (deduct): Interest expense, net…
NonGAAP Reconciliation Three Months Ended September 30, 2012 June 30, 2012 March 31, 2012 December 31, 2011 September 30, 2011 ( in thousands) Net income (1,454) 29,327 28,900 13,628 30,849 Add (deduct): Operation and maintenance…
Loading...
