PTXP Update: Operations and Events Declared a quarterly distribution of 0.2846 / unit for Q2 2016 3.5% increase over prior quarter Increased net income, Adjusted EBITDA(1) and distributable cash flow(1) from the first quarter…
PTXP Update: Q2 2016 Financial Overview Financial Summary Capitalization Q2 Financial Results ( and units in millions) Net income of 4.2 million Common units 20.2 Operating cash flow of 14.9 million Subordinated units 20.0…
Increasing 2016 Guidance Full-year 2016 DCF guidance increased from 56-59 million to 60 - 63 million (MM) 75 36 63 60 33 60 45 1H 2016 Actual: 27.3 MM 30 27 14.0 15 13.3 0 Q1 2016 Q2 2016 2H 2016 FY 2016…
PTXP Investment Highlights Attractive Distribution Growth Financial Flexibility Predictable Cash Flow Profile Strong Minimum Volume Commitments Premier Basin Strategically Located Assets 6
Strategic Market Location 1 () Discount to Henry Hub Proximity to LNG Export Facilities 5 out of 6 FERC approved, under construction LNG exports facilities are on the Gulf Coast PG&E Malin + (0.07) 2 Proximity to Expanding…
Top Underlying Acreage PTXPs gathering, transport and processing assets support a very high quality upstream asset Relatively low-risk horizontal redevelopment of legacy vertical fields Low-Risk Significant existing geologic and…
Range Resources / MRD Announcement On May 16th, Memorial Resource Development Corp. (NASDAQ: MRD) announced a merger agreement with Range Resources Corporation (NYSE: RRC) The transaction requires MRD and RRC stockholder…
PTXP Contract Strength = Low-Risk DCF Growth Future cash receipts assuming no volume throughput, 100% MVC, firm and demand charge revenue(1) (MM) 74.4 75 20.5 60 Increase in firm billings of 3.9MM per quarter (7.8MM for 2H…
Appendix 11
Reconciliation of Non-GAAP Measures Reconciliation of Net Operating Cash Flow to Distributable Cash Flow: Net cash provided by operating activities 14,902 Plus: Cash interest expense related to operating activities 1,286 Changes in…
Asset Overview Asset Summary North Louisiana Area of Exclusivity with MRD Processing Assets 400 MMcf/d of processing capacity: Lincoln Parish plant: 200 MMcf/d cryogenic nameplate capacity, completed May 2015 Mt. Olive…
PennTex History Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 PennTex was Formed PennTex North PTXP closes founded by NGP…
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