Third Quarter Earnings Call October 2017 www.nblmidstream.com
Third Quarter 2017 Highlights 29% 2.4x 20% 3Q Oil & Gas Gathering 3Q Distribution Coverage 1 DPU Growth 2020+ Growth vs 2Q Delivering Positioned For Preserving Significant Sustainable, Financial Near-Term LongTerm…
Third Quarter 2017 Results Oil and Gas Gathering Volume Growth of 29% Produced Water Gathering Volume Up 2x 3Q v Gross Volumes & Wells Connected 1Q 2Q 3Q Record 2Q (%) Fresh Water Delivery Volumes Decreased 5% Oil Gathered (MBbl/d)…
2.4x Distribution Coverage1 of 3Q Distribution 3Q 2017 NBLX Net EBITDA and Distribution Coverage (1,2) 3Q Gathering EBITDA1 of 31mm, 53% Increase in millions Above 2Q 2.4x 1.5x Distribution Coverage1 excluding Freshwater 2.0x 46…
Delaware Basin Projects Update Delaware Basin (Blanco River DevCo): Daily Capacity 1st Delaware CGF Online (Billy Miner I) and Capacity Near-Term Successfully Expanded With Debottlenecking Project Delaware Basin Oil Gas PW Est. CGF…
DJ Basin Projects Update Greeley Crescent (Laramie River DevCo): Fresh Water Delivery and Oil and Produced Water Gathering Systems Online September Oil Gathering Averaged 15 MBbl/d; First Full Month of Gathering Volumes…
Gathering Segment Driving 2H 2017 Financial Growth 2017 Growth Projects: Net EBITDA (mm)1 Distribution Coverage1 & DPU DJ Basin third-party fresh 2Q water system online 3.3x 0.488 0.55 Contribution from 45 - 52 0.467 June 2017 3.x…
2017 Capital Gross Capital1 Net Capital1 (attributable to the Partnership) Trinity Colorado Trinity Colorado River River River River 5% 8% 9% 12% Blanco Laramie Blanco Laramie River River River River 385 - 405 230 - 240…
Significant Dropdown Inventory Supplements Organic Growth Continue to Target One Dropdown per Year From Significant Inventory: Current Status of Asset Acreage NBL Blanco River (Delaware Basin) 60% Operational 111,000 Retained…
Strategy Continuous focus on Safety safety culture Customer service mentality for Customer Service NBL and 3rd parties Execute on back-yard Increase 3rd Party Business opportunities Disciplined Financial Preserve prudent…
Appendix www.nblmidstream.com 13
EBITDA Reconciliation Non-GAAP Financial Measures This presentation includes EBITDA, Distributable Cash Flow, and Distribution Coverage, all of which are non-GAAP measures that management believes are good tools for internal use and…
Midstream Services Portfolio DJ Basin Delaware Basin Laramie River Blanco River 100% Interest 40% Interest San Juan River 25% Interest Colorado River Trinity River 100% Interest 100% Interest NBL Acreage 3rd Party…
Current NBLX Structure June 2017 dropdown assets Noble Energy NYSE: NBL 100% 50.1% Limited Noble Midstream GP LLC Partner Interest ROFR Assets: Non-Economic General East Pony Gas Gathering Partner Interest East Pony Gas…
Contact Information Chris Hickman 1001 Noble Energy Way VP, Investor Relations Houston, TX 77070 chris.hickmannblmidstream.com 281.943.1622 www.nblmidstream.com
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