Enable Highlights STRONG QUARTERLY GROWTH RECORD-SETTING YEAR1 FOURTH QUARTER 2017 FULL-YEAR 2017 Increased operational and financial performance for Operational Performance fourth quarter 2017 compared to fourth quarter 2016 Higher…
Exceeded Full-Year 2017 Objectives BUSINESS GROWTH UNDERPINNED WITH SIGNIFICANT COMMERCIAL SUCCESSES CONTINUED COST DISCIPLINE in millions Acquired Align Midstream, extending Ark-La-Tex footprint Business Performance YoY Change and…
Strategically-Advantaged Assets Support Continued Growth Enables gathering and processing and transportation and storage assets are located in some of the most attractive oil and gas plays in the country Enables diverse suite of assets…
Gathering & Processing: Right Assets in the Right Places SIGNIFICANT G&P SIZE AND SCALE1 Williston Basin Expanded crude oil gathering systems design capacity to 57.9 thousand barrels per day (MBbl/d) 13,300 miles 7.7 million Provide…
Transportation & Storage: Unique Market Solutions for Growing Demand & Supply SIGNIFICANT T&S SIZE AND SCALE1 Enable Gas Transmission (EGT) Serves utilities, end-users and producers, providing access to growing Mid-continent supply…
Financial Results Selected Results Three Months Ended Dec. 31 Twelve Months Ended Dec. 31 in millions, except per-unit and ratio data 2017 2016 2017 2016 Total revenues 806 614 2,803 2,272 1 Gross margin 361 314 1,422 1,255 Operation…
Key Priorities for 2018 COMMERCIAL OPERATIONAL FINANCIAL EXCELLENCE EXCELLENCE EXCELLENCE Leverage Enables leading midstream footprint and strong customer relationships to develop new transportation solutions and pursue new…
Question and Answer Question and Answer 13
Appendix Appendix 14
2018 Outlook Remains Unchanged 2018 outlook as of November 1, 2017, reaffirmed on February 20, 2018 2018 Operational Outlook 2018 Financial Outlook in millions Natural Gas Gathered Volumes (TBtu/d) 3.9 4.6 Net Income Attributable to…
Derivative Activity and Price Sensitivities 2017 Derivative Activity Three Months Ended Dec. 31 Twelve Months Ended Dec. 31 in millions 2017 2016 2017 2016 Gain (Loss) on Derivative Activity (4) (21) 19 (43) Change in Fair Value of…
Margin Profile & Hedging Summary 2018 Margin Profile1 2018 Hedging Summary2 93% fee- Commodity 2018 7% based or Natural Gas 6% hedged Exposure Hedged (%) 34% 48% Average Hedge Price (/MMBtu) 2.89 3 Crude 39% Exposure Hedged…
Segment Financial Results Three Months Ended Dec. 31 Twelve Months Ended Dec. 31 in millions 2017 2016 2017 2016 GATHERING AND PROCESSING Total revenues1 657 465 2,170 1,640 Gross margin2 235 192 885 725 Operation and maintenance,…
Consolidated Statements of Income Three Months Ended Twelve Months Ended December 31, December 31, 2017 2016 2017 2016 (In millions, except per unit data) Revenues (including revenues from affiliates): Product sales 517 335 1,653…
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…
Operating Data Three Months Ended Twelve Months Ended December 31, December 31, 2017 2016 2017 2016 Operating Data: Gathered volumesTBtu 378 292 1,300 1,143 Gathered volumesTBtu/d 4.11 3.19 3.56 3.13 Natural gas processed…
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