CONE Midstream Partners LP 2Q 2016 Earnings August 4, 2016
Q2 Highlights Another Quarter of Strong Performance Bottom line results ahead of internal expectations Increases over prior year (2Q 2015): Revenue (gross) up 22% Net CNNX Volumes up 51% Net Income to CNNX up 55% Adjusted EBITDA…
Inventory of Wells Drilled But Not Connected Anchor Growth Additional Total Wet Dry Inventory 12/31/15 60 0 62 122 68 54 2016 Well Connections Q1 TIL 26 0 0 26 0 26 Q2 TIL 8 0 6 14 6 8 Scheduled Q3-Q4 7 - 0 - 0 - 7 - 0- 7-…
Capacity Utilization Varies Across Individual Systems (Amounts in BBtu/d) Actual Interconnect 2Q 2016 Average Systems Capacity Volume Utilization Anchor 1,329 1,128 85% Growth 860 70 8% Additional 545 154 28% Total 2,734…
Operating Flexibility Helps Shippers Adjust to Changing Commodity Prices Majorsville Station Damp gas can be delivered to either wet or dry stations McQuay Station 6
Appendix
Non-GAAP Financial Measures EBITDA and Adjusted EBITDA We define EBITDA as net income (loss) before net interest expense, depreciation and amortization, and Adjusted EBITDA as EBITDA adjusted for non-cash items which should not be…
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