Enable Midstream Partners, LP Third Quarter 2017 Conference Call November 1, 2017
Enable Highlights Increased total revenues and gross margin for third quarter 2017 compared to third quarter 2016 Increased natural gas gathered and processed volumes for third quarter 2017 compared to third quarter 2016 Increased…
Market-Leading SCOOP & STACK Position Enables SCOOP and STACK assets provide significant scale and operating leverage Gathering & Processing Map Gathering & Processing Highlights 1 in Processing Capacity1,2 Leading Active Rig Count3…
Significant Producer Activity Driving Ark-La-Tex Growth Enables assets are well-positioned to support continued growth in the Ark-La-Tex Basin Enables Ark-La-Tex Gathered Volumes TBtu/d +57% 1.27 0.99 0.94 0.97 0.89 0.81 0.82…
Acquisition of Align Midstream Extends Ark-La-Tex Footprint Acquisition allows further optimization of Enables midstream platform in the region Align Midstream acquisition includes: 190 miles of natural gas gathering pipelines 100…
Transportation & Storage Segment T&S segment provides significant, fee-based margin and is well-positioned to support natural gas demand growth in the Mid-continent, Gulf Coast and Southeast regions System Map Highlights & Recent…
Committed to Long-Term Value Creation Demonstrated commitment to value creation with commercial momentum underpinned with strategically-located assets, disciplined growth and a strong balance sheet RECORD SETTING 4 COMMERCIAL…
Third Quarter Results
Strong Operational Performance Continues 40 rigs are currently drilling wells to be connected to Enables gathering and processing systems 1 Natural gas gathered and processed volumes increased in the third quarter of 2017 compared to…
Third Quarter 2017 Financial Results In millions, except per-unit and ratio data Q3-17 Q3-16 Key Drivers Total Revenues 705 620 Net Income Attributable to Common Units Higher operation and maintenance and general and administrative…
Strong Balance Sheet and Liquidity Position Enables 2018 gross margin profile is expected to be approximately 92% fee-based or hedged supported by multi-year, fee-based contracts with large-cap producers and utilities Committed to…
2018 Outlook Question and Answer 14
2018 Operational, Financial and Capital Outlook 2018 Operational Outlook 2018 Financial Outlook in millions Natural Gas Gathered Volumes (TBtu/d) 3.9 4.6 Net Income Attributable to Common Units 355 435 Anadarko 2.0 2.3 Interest…
2018 Price Assumptions and Sensitivities 2018 Price Assumptions Natural Gas Henry Hub (/MMBtu) 2.95 3.25 NGLs Mont Belvieu, Texas (/gal)1 0.54 0.64 NGLs Conway, Kansas (/gal)1 0.52 0.62 Crude Oil WTI (Bbl) 46.00 56.00 2018 Price…
Question and Answer Question and Answer 17
Appendix Appendix 18
Derivative Activity and Price Sensitivities 2017 Derivative Activity Three Months Ended September 30 in millions 2017 2016 Gain (Loss) on Derivative Activity (7) 9 Change in Fair Value of Derivatives (6) 8 Realized Gain (Loss) on…
Gathering and Processing Segment Q3-17 Q3-16 Key Drivers Operational Results Volumes Anadarko Basin (TBtu/d) Increased drilling in the Anadarko and Ark-La-Tex Basins Natural declines in the Arkoma Basin Gathered Volumes 1.72 1.66…
Transportation and Storage Segment Q3-17 Q3-16 Operational Results Key Drivers Transported Volumes TBtu/d 4.83 4.79 Volumes and Capacity Transported Volumes: Higher off-system, power plant and industrial Interstate Firm Contracted…
Condensed Consolidated Statements of Income Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 (In millions, except per unit data) Revenues (including revenues from affiliates): Product sales 396…
Forward Looking Non-GAAP Reconciliation 2018 Outlook (In millions) Reconciliation of Adjusted EBITDA and distributable cash flow to net income attributable to limited partners: Net income attributable to common units 355 - 435 Add:…
Forward Looking Non-GAAP Reconciliation Continued 2018 Outlook (In millions) Reconciliation of Adjusted interest expense to Interest expense: Interest expense, net of interest income 145 - 155 Amortization of premium on long-term…
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