Enable Midstream Partners, LP First Quarter 2017 Conference Call May 3, 2017
Enable Highlights Announcing Project Wildcat, providing premium market outlets for growing production out of the SCOOP and STACK plays in the Anadarko Basin and adding 400 million cubic feet per day (MMcf/d) of processing capacity…
Creative and Capital Efficient Anadarko Basin Market Solutions Enable has entered into an agreement to deliver approximately 400 MMcf/d of rich natural gas from the Anadarko Basin to north Texas, providing new market outlets…
Over 1 Bcf/d of Recently Contracted Market Solutions for Growing SCOOP and STACK Production Capital-Efficient Expansion Projects Provide Critical Access to Premium Markets CaSE Project1 Bennington & In-service Expected Q4-2018…
Project Wildcat Positions Enable for Further Anadarko Basin Growth Gathered Volumes TBtu/d Increases Processing +11.5% Capacity for 1.75 Anadarko Basin 1.661.67 Production1 1.611.62 1.57 2.25 Bcf/d Processed Volumes…
Financial Results
Continued Strong Operational Performance Sustained rig activity in the Anadarko and Ark-La-Tex Basins contributed to higher volumes across Enables gathering and processing and transportation and storage assets for first quarter 2017…
First Quarter 2017 Financial Results In millions, except per unit and ratio data Q1-17 Q1-16 Key Drivers Net Income Common and Subordinated Units Total Revenues 666 509 Higher gathering and processing and transportation and storage…
Strong Balance Sheet and Liquidity Position In March, Enable completed an offering of 700 million in aggregate principal amount of 4.400% senior notes due in 2027 Enable used the net proceeds from the offering for general partnership…
2017 Outlook
2017 Outlook: Operational and Financial Outlook Remain Unchanged, Expansion Capital Updated 2017 Operational Outlook 2017 Financial Outlook 2017 in millions 2017 Natural Gas Gathered Volumes (TBtu/d) 3.3 3.8 Net Income Attributable to…
Question and Answer Question & Answer 14
Key Highlights Creative New Diverse suite of assets that provides tailored and timely solutions from Market wellhead to end markets Solutions Recently announced over 600 MMcf/d of market solutions out of the Anadarko Basin Recently…
Appendix Appendix 16
Derivative Activity and Price Sensitivities 2017 Derivative Activity Three Months Ended Mar. 31 in millions 2017 2016 Gain (Loss) on Derivative Activity 21 3 Change in Fair Value of Derivatives 24 (8) Realized Gain (Loss) on…
Gross Margin and Hedging Summary 2017 Gross Margin Profile1 2017 Hedging Summary2 93% fee- 7% Commodity 2017 based or 8% Natural Gas hedged Exposure Hedged (%) 64% 53% Average Hedge Price (/MMBtu) 2.72 32% Crude3 Exposure…
Financial Results Selected Results - in millions Q1-2017 Q1-2016 Key Drivers: Q1-17 vs. Q1-16 Revenue 666 509 Increase in NGL sales resulting from higher average NGL prices, an increase in sales of natural gas as a result of higher…
Financial Results Continued Selected Results - in millions Q1-2017 Q1-2016 Key Drivers: Q1-17 vs. Q1-16 Net Income Attributable to Limited Higher gross margin, partially offset by higher interest expense 120 86 Partners and higher…
Operating Statistics Q1-2017 Q1-2016 Key Drivers: Q1-17 vs. Q1-16 Gathered Volumes (TBtu/d) 3.29 3.05 Higher gathered volumes in the Anadarko and Ark-La-Tex Basins Higher processed volumes in the Anadarko Basin, partially offset…
Operating Statistics by Basin Three Months Ended March 31, 2017 2016 Anadarko Gathered volumesTBtu/d 1.75 1.61 Natural gas processed volumesTBtu/d 1.54 1.41 NGLs producedMBbl/d(1) 67.30 58.58 Arkoma Gathered volumesTBtu/d 0.57…
Forward Looking Non-GAAP Reconciliation 2017 Outlook (In millions) Reconciliation of Adjusted EBITDA and distributable cash flow to net income attributable to limited partners: Net income attributable to common and subordinated…
Forward Looking Non-GAAP Reconciliation Continued 2017 Outlook (In millions) Reconciliation of Adjusted interest expense to Interest expense: Interest Expense 114 - 122 Add: Amortization of premium on long -term debt 5 Capitalized…
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