low breakeven price transformation SPIRIT Values smart growth 1Q17 Earnings Conference Call differentiation low cost of supply May 2, 2017 acceleration superior returns flexibility
low breakeven price transformation SPIRIT Values smart growth Don Wallette, Jr. differentiation low cost of supply EVP, Finance, Commercial and CFO acceleration superior returns flexibility
1Q17 Summary Strategic Financial Operational Increased quarterly dividend (19MM) adjusted earnings; Continued strong underlying by 6% (0.02) adjusted EPS business performance Reduced debt by 0.8B 1.8B CFO1; 3.4B ending cash2…
1Q17 Performance Adjusted Earnings Highlights (19) Year-over-year adjusted earnings benefited from a (318) 58% improvement in realizations Adjusted Results reflect underlying cost improvements Earnings (1,179) (MM) Sequential…
1Q17 Performance Company Cash Flow 1Q17 Marker Prices B Brent 53.78/BBL WTI 51.83/BBL Henry Hub 3.32/MMBTU 1.8 1Q17 0.1 Debt of 26.4B Debt-to-capital ratio of 42% 0.8 0.1 0.9 0.3 0.1 3.7 3.4 2017 Beginning CFO Excluding…
low breakeven price transformation SPIRIT Values smart growth Al Hirshberg differentiation low cost of supply EVP, Production, Drilling and Projects acceleration superior returns flexibility
1Q17 Operational Highlights 1 of 2 Exceeded top end of 1Q17 production guidance Lower 48 unconventional production of 221 MBOED vs. 252 MBOED in 1Q161 and 226 MBOED in 4Q16 Expect 1Q to be the low point for 2017 12 operated rigs…
1Q17 Operational Highlights 2 of 2 Surmont production curtailed by third-party facility fire Commissioning work underway at Clair Ridge production platform Aasta Hansteen spar sailaway achieved in April APLNG Train 1 turnaround…
2017 Operational Outlook YTD Announced Transaction Metrics Post-Transactions Pre-Transactions Pro Forma1 Underlying business exceeding expectations CAPITAL 5.0 5.0 (B) Expect Lower 48 unconventional exit rate of ADJUSTED 250…
low breakeven price transformation SPIRIT Values smart growth Q&A differentiation low cost of supply acceleration superior returns flexibility
low breakeven price transformation SPIRIT Values smart growth Appendix differentiation low cost of supply acceleration superior returns flexibility
YTD Announced Transaction Metrics Full-Year 2017 Estimated Disposition Impacts Canadian San Juan Basin Post-Transactions Pre-Transactions Disposition Disposition Pro Forma1 Full-Year 2017 Production 1,540-1,570 MBOED 280 MBOED 115…
2017 Annualized Net Income Sensitivities 45-65/BBL Brent Full-Year Pre-Transactions Full-Year Post-Transactions Pro Forma Crude Crude Brent/ANS: 100-120MM for 1/BBL change Brent/ANS: 100-120MM for 1/BBL change WTI: 30-40MM for…
2017 Annualized Cash Flow Sensitivities Full-Year Pre-Transactions Full-Year Pro Forma Post-Transactions CFO from Consolidated Operations (45-65/BBL Brent) CFO from Consolidated Operations (45-65/BBL Brent) Crude Crude: Brent/ANS:…
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