Enable Midstream Partners, LP First Quarter 2015 Conference Call May 6, 2015
Non-GAAP Financial Measures The Partnership has included the non-GAAP financial measures gross margin, Adjusted EBITDA and distributable cash flow in this presentation based on information in its condensed combined and consolidated…
First Quarter 2015 Highlights Started full operations of the Bradley Plant in the SCOOP and the Bear Den Crude Oil and Produced Water Gathering System in the Bakken Began commissioning of our second Bakken crude gathering system…
Current Market Update Many plays across Enables footprint continue to provide strong returns for producers, including the Bakken, SCOOP and Cana Woodford plays Production in these plays drives growth across Enables value chain from…
By-play Return Analysis Enables growth areas still rank as some of the highest returning plays in the country Enable is positioned in the core of the Bakken and SCOOP plays where returns are strongest Internal Rate of Returns for…
SCOOP Overview SCOOP breakeven prices estimated at 41-47 per barrel for the SCOOP Core in Grady, Garvin and Stephens Counties of Oklahoma Over 63 billion remaining to be spent in the SCOOP, STACK and Cana footprint through 2025 with…
Well-Positioned in the SCOOP Enable is the leading midstream provider in the SCOOP and is well-positioned to continue to capture additional volume growth Enable continues to build out gathering, SCOOP Footprint and Activity1…
Texas Panhandle Acquisition On May 1, 2015, Enable purchased a natural gas gathering system in the Texas Panhandle from Monarch Natural Gas for 80 million Acquisition is immediately accretive Acquisition Extends Texas Panhandle…
Anadarko Basin Activity Producers remain active across Enables footprint in the Anadarko Basin Significant drilling activity continues in Anadarko Footprint and Activity1 the SCOOP but producers also remain active throughout Enables…
Transportation and Storage Update Open Season Update In the first quarter, Enable announced an open season on EGT for additional transportation options from receipt points in Oklahoma to Bennington, Oklahoma, and Perryville,…
Bakken Update Asset Update Enable recently announced that its Bear Den Crude Oil and Produced Water Gathering System in North Dakota is fully operational System began construction in August 2013 with initial segments of the system…
Growth Strategy Capture organic growth opportunities in our core basins Extend the value chain from wellhead to end users in our core commodities of gas, NGLs and crude Establish a presence in high-growth basins Develop a…
First Quarter Operating Statistics Q1 2015 Q1 2014 Gathered volumes (TBtu/d) 3.18 3.31 Natural gas processed volumes (TBtu/d) 1.68 1.44 NGLs produced (MBbls/d)1 65.00 65.28 Condensate sold (MBbls/d) 5.96 5.15 Crude Oil Gathered…
First Quarter Results in millions Q1 2015 Q1 2014 Gross Margin 324 369 Gathering and Processing 179 207 Transportation and Storage 145 162 Operation and Maintenance Expense 130 126 Net Income 1 91 149 Adjusted EBITDA 204 228…
2015 Outlook Feb 18, 2015 May 6, 2015 in millions, except volume numbers 2015 Outlook 2015 Outlook Natural Gas Gathered Volumes (TBtu/d) 3.1 3.3 3.1 3.3 Natural Gas Processed Volumes (TBtu/d) 1.6 1.8 1.7 1.9 Crude Oil Gathered…
Expansion Capital Outlook Feb 18, 2015 May 6, 2015 in millions 2015 Outlook 2015 Outlook Contracted Expansion 600 800 600 800 Acquisitions 80 Identified Opportunities 0 300 0 300 Total 600 1,100 680 1,180 Contracted Expansion…
Commodity Exposure Enable targets fee-based contracts on a firm basis, when possible Some gathering and processing contracts have provisions to protect against low commodity price environments and volume decreases Commodity…
Enable is Well-positioned for the Future Investment grade ratings, low leverage and substantial liquidity Significant fee-based margin Hedging program provides downside protection Integrated and scalable assets in top-tier basins…
Question and Answer Question & Answer 20
Appendix Appendix 21
Non-GAAP Reconciliations 3 Months Ended March 31, 2015 2014 Revenues 616 1,002 Cost of goods sold, excluding depreciation and amortization 292 633 Gross Margin 324 369 Net income attributable to Enable Midstream Partners, LP 91 149…
Loading...
