Questar Corporation A Rockies-based integrated natural gas company offering growth and high returns Making lives better by developing and delivering essential energy Second Quarter 2015 Earnings Release August 6, 2015 1
KEVIN HADLOCK Executive Vice President & Chief Financial Officer Questar Corporation 3
Q2 2015 Financial Summary Reported Q2 2015 net income of 40.6 million, up 1% compared to Q2 2014 net income of 40.3 million Earned 0.23 per diluted share in Q2 2015, level with Q2 2014 Adjusted EBITDA for Q2 2015 totaled 130.1…
Net Income (Loss) millions (except earnings per share) Q2 2015 Q2 2014 Change Questar Gas (2.8) (3.3) 0.5 Wexpro 27.9 30.1 (2.2) Questar Pipeline 15.2 15.7 (0.5) Corporate and other 0.3 (2.2) 2.5 Net income 40.6 40.3 0.3 Earnings per…
Questar Gas Results millions Q2 2015 Q2 2014 Change % Change Gross margin 57.7 57.8 (0.1) - Adjusted EBITDA(1) 16.2 15.1 1.1 7% Net loss (2.8) (3.3) 0.5 15% Capital investment 45.3 38.9 6.4 16% Q2 2015 gross margin was down 0.1…
Wexpro Results millions Q2 2015 Q2 2014 Change % Change Adjusted EBITDA(1) 65.4 76.4 (11.0) (14%) Net income 27.9 30.1 (2.2) (7%) TTM average investment base 647.0 614.1 32.9 5% Q2 average investment base 627.8 680.9 (53.1) (8%) Capital…
Questar Pipeline Results millions Q2 2015 Q2 2014 Change % Change Revenue 64.3 65.8 (1.5) (2%) Adjusted EBITDA(1) 44.2 45.0 (0.8) (2%) Net income 15.2 15.7 (0.5) (3%) Capital investment 8.4 8.7 (0.3) (3%) Q2 2015 revenue was down…
Other Consolidated Financial Metrics millions Q2 2015 Q2 2014 Change % Change Adjusted operating and maintenance (1) 36.9 37.0 (0.1) - General and administrative 27.4 29.2 (1.8) (6%) Production and other taxes 12.8 18.7 (5.9) (32%)…
Cash Flow and Liquidity Cash Flow (1) - Cash flow for the six months ended June 30, 2015 totaled 235.0 million, a decrease of 5% compared to the six months ended June 30, 2014 Liquidity - At the end of the second quarter 2015,…
RON JIBSON Chairman, President & Chief Executive Officer Questar Corporation 11
Q2 2015 Highlights Questar Gas - Customer growth was 2.6%, or nearly 24,900, including the addition of over 6,500 customers from the acquisition of Eagle Mountain Citys gas distribution system - Invested 20.2 million in the…
TTM Return on Equity (1) 20.0% 18.0% 17.1% 17.6% 16.0% 14.0% 12.0% 10.6% 9.9% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Questar Gas Wexpro Questar Pipeline Consolidated (1) Return on average equity (on a financial basis) for twelve…
FY 2015 Forecast Projection Earnings per Diluted Share 1.20 - 1.30 Capital Spending 370 million Consolidated Return on Equity 15% - 18% 14
What makes Questar unique Create value across entire natural gas chain (wellhead to burner tip) STRATEGY Regulated business model with superior risk-adjusted returns Take advantage of unique growth opportunities 17.6% consolidated…
APPENDIX 16
Questar Fact Sheet CORPORATE DATA Ticker symbol and stock exchange: STR-NYSE ANALYST CONTACT: At August 5th, 2015 Tony Ivins Average daily trading volume (3 mos.): 924,323 shares VP, Investor Relations & Closing Price: 22.07 Corporate…
Q2 Non-GAAP Financial Measures Management defines Adjusted EBITDA as net income (loss) before interest expense, income taxes, depreciation, depletion and amortization, net gain or loss from asset sales, abandonments and impairments, and…
Q2 Non-GAAP Financial Measures (Cont.) Management believes consolidated operating and maintenance expense excluding energy efficiency program costs is a useful measure to assess Questars operational performance because energy efficiency…
Q2 Non-GAAP Financial Measures (Cont.) Management believes cash flow from operations before changes in operating assets and liabilities is an important measure of Questars operating cash flows that excludes the volatility associated with…
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