Enable Midstream Partners, LP First Quarter 2018 Conference Call May 2, 2018
Enable Highlights Record quarterly natural gas gathered volumes, processed volumes, natural gas liquids (NGLs) production and intrastate transported volumes1 Record quarterly Adjusted EBITDA and DCF1,2 Updated 2018 outlook as a…
Premier Wellhead-to-End User Midstream Provider Fully Integrated Assets Provide Significant Scale & Operating Leverage Uniquely positioned assets drive opportunities across the value chain Significant drilling activity continues…
Ark-La-Tex Basin Growth Trend Continues Overview Ark-La-Tex Gathered Volumes Gathered Volumes (TBtu/d) Enables assets are well-positioned to support +109% 1.58 1.71 continued growth in the Ark-La-Tex Basin 1.27 0.94 0.97 0.99…
Transportation & Storage Segment Overview Highlights & Recent Developments T&S segment provides significant, fee-based Enable Gas Transmission (EGT) margin and is well-positioned to support natural Contracted or extended over 300,000…
First Quarter Results
Strong Operational Performance Continues 1 40 rigs are currently drilling wells to be connected to Enables gathering and processing systems Natural gas gathered and processed volumes increased in the first quarter of 2018 compared to…
Financial Results and Highlights Financial Results Financial Highlights In millions, except per-unit and ratio data Q1-18 Q1-17 Total Debt to TTM Adjusted EBITDA of 3.81x as of March 31, 20184 Total Revenues 748 666 Enable remains…
FERC Announcement and 2018 Outlook
FERC Income Tax Allowance Business Detail Asset Enable Commentary 62% of GM1 Gas G&P and Williston water gathering: No impact, as these assets are not subject to FERC rate jurisdiction; these assets contributed approximately 99%…
Updated 2018 Operational, Financial and Capital Outlook 2018 outlook updated as of May 2, 2018; metrics which have changed are noted in bolded blue text 2018 Operational Outlook 2018 Financial Outlook in millions Natural Gas Gathered…
Key Takeaways Continued New gathering and processing and transportation contracts Commercial Record quarterly natural gas gathered & processed, NGL Momentum production and intrastate delivery volumes1 Execution 2018 expansion plan,…
Question and Answer Question and Answer
Appendix Appendix
Derivative Activity and Price Sensitivities 2018 Derivative Activity Three Months Ended March 31 in millions 2018 2017 Gain (Loss) on Derivative Activity - 21 Change in Fair Value of Derivatives (2) 24 Realized Gain (Loss) on…
Gross Margin Profile and Hedging Summary 2018 Gross Margin Profile1 Hedging Summary2 95% fee- Commodity Bal-2018 2019 5% based or 7% Natural Gas hedged Exposure Hedged (%) 37% 6% 45% Average Hedge Price (/MMBtu) 2.56 2.69…
Gathering and Processing Segment Key Drivers Q1-18 Q1-17 Volumes Operational Results Increased drilling in the Anadarko and Ark-La-Tex Basins Anadarko Basin (TBtu/d) Natural declines in the Arkoma Basin Gathered Volumes 2.02 1.75…
Transportation and Storage Segment Key Drivers Q1-18 Q1-17 Volumes and Capacity Operational Results Transported Volumes: Higher off-system, power plant and industrial deliveries along with higher intrastate average deliveries,…
Condensed Consolidated Statements of Income Three Months Ended March 31, 2018 2017 (In millions, except per unit data) Revenues (including revenues from affiliates): Product sales 443 386 Service revenue 305 280 Total Revenues 748…
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 375 - 445 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 - 160 Amortization of premium on long -term…
Operating Data Three Months Ended March 31, 2018 2017 Operating Data: Gathered volumesTBtu 385 296 Gathered volumesTBtu/d 4.28 3.29 Natural gas processed volumesTBtu 200 168 Natural gas processed volumesTBtu/d 2.22 1.87 NGLs…
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