Enable Midstream Highlights Announced a fourth quarter 2015 distribution of 0.318/unit or 1.272/unit annualized, which represents a 3 percent growth from fourth quarter 2014 Achieved distribution coverage of greater than 1.0x in…
Well-positioned For Current Markets Enable continues to be well-positioned to navigate todays challenging market conditions Enables 2016 margin profile is expected to be approximately 95% fee-based or hedged, with a significant portion…
Commercial Highlights Gathering and Processing In the SCOOP, Enable added 2,760 new horsepower of compression and relocated another 5,520 horsepower of compression, bringing total compression horsepower in the SCOOP area to…
Producers Remain Active In The Anadarko Basin Producers remain active within Enables Anadarko Basin footprint despite the continued downward pressure on commodity prices Current Activity and Key Plays in Anadarko1 Active Rigs on Enables…
Transportation And Storage Revenue Profile The majority of the Transportation and Storage segment revenues are from Firm Contracts Firm Contracts provide fixed revenues from monthly reservation charges Firm Contracts are held by a…
Financial Results Three Months Ended Twelve Months Ended Dec. 31 Dec. 31 in millions 2015 2014 2015 2014 Gross Margin 325 371 1,321 1,453 Gathering and Processing1 174 207 755 839 Transportation and Storage1 151 165 567 616 Operation…
Financial And Operational Outlook 2016 Outlook is as of February 17, 20161 in millions 2016 Outlook Natural Gas Gathered Volumes (TBtu/d) 3.1 3.5 Natural Gas Processed Volumes (TBtu/d) 1.9 2.1 Crude Oil Gathered Volumes (MBbl/d)…
2016 Capital Outlook Enable previously announced the reduction of its 2016 expansion capital to 375 million The majority of the reduced capital was gathering, compression and processing capital, including delaying the in-service date…
Commodity Exposure Enable targets firm, fee-based contracts 2016 Fee-Based Margin Profile1 Certain gathering and processing contracts have provisions to protect 5% against low commodity price 9% environments and volume decreases 95%…
Leverage Profile Pro Forma CenterPoint will purchase 363 million of 10% Pro Forma Debt Maturity Schedule2 Series A Fixed-to-Floating Non-Cumulative in millions Term Loan Facility * EOIT Sr. Unsecured Notes Perpetual Preferred Units…
Fourth Quarter 2015 Conference Call Overview Enable is well-positioned to navigate current market conditions and does not need to access the capital markets for 2016 Significant fee-based margin profile with limited commodity exposure…
Question and Answer Question & Answer 16
Appendix Appendix 17
Commodity Assumptions Enables outlook is based on the following price assumptions: As of February 17, 2016 2016 Outlook Natural Gas Henry Hub (/MMBtu) 2.05 2.35 NGLs - Mont Belvieu, Texas (/gal)* 0.30 0.34 NGLs - Conway, Kansas…
Non-GAAP Reconciliations Three Months Ended December 31, Year Ended December 31, 2015 2014 2015 2014 (In millions) Reconciliation of gross margin to total revenues: Total revenues 566 735 2,418 3,367 Cost of natural gas and natural…