Third Quarter 2015 Earnings Presentation October 30, 2015
Third Quarter Highlights Solid YTD Financial Performance Financial results supported by sustainable cost reductions measures and complementary actions Natural gas and NGL system volumes in-line with expectations Tracking to achieve…
Financial Results Financial Summary (1) Volumes 3Q 3Q % Anadarko East Texas North Texas Midcoast Operating, LP 2015 2014 Change 2,500 Adjusted EBITDA, inclusive of 297 66.5 48.3 38% (mmbtu/d in thousands) 2,000 304 287 other…
Capital Expenditures Forecast & Available Liquidity Midcoast Operating, L.P. 2015e ( millions) 80% of 2015 capex forecast spent Beckville Gas Processing Plant 60 YTD 3Q15. Eaglebine Developments 125 Compression Capital 10 Eaglebine…
Executing on Strategic Priorities to Strengthen Underlying Business business focus flow outlook + Enhance cash Sustainable cost reductions and asset optimizations Closed on sale of non-core assets Closed on agreement with…
Risk Management Program 80% of 2016 forecasted commodity Investment grade counterparties gross margin hedged at weighted 90% of exposure. average prices well above current market prices. Credit requirements and security received…
Sponsor Actions Support Growth Outlook EEP to Distribution continue to growth support co-invest through 2017 Sponsor Actions Drop-downs through 2019 Sponsor aligned and incentivized to ensure MEP success…
Key Takeaways Execution and solid financial performance continue 1.17x distribution coverage YTD Sixth consecutive quarterly distribution increase (+5.9% vs 3Q14) Looking ahead Low commodity market fundamentals expected to persist;…
Loading...
