Enable Midstream Partners, LP Second Quarter 2018 Conference Call August 2, 2018
Enable Highlights Placed Project Wildcat into service during the second quarter, providing a key Enable customer immediate access to premium North Texas markets Contracted or extended over 1 million dekatherms per day (Dth/d) of…
Gathering & Processing Segment Highlights Rig Activity STACK Rig activity remains strong around Enables 14 SCOOP gathering footprint with 42 rigs currently drilling 14 wells expected to be connected to Enables 42 Granite Wash…
Gathering & Processing Segment Highlights Continued Other Basins Ark-La-Tex Gathered Volumes (TBtu/d) Ark-La-Tex: Continued producer activity and +78% 1.73 strong well performance drove record quarterly 1.58 1.71 Ark-La-Tex natural…
Transportation & Storage Segment Highlights Enable Gas Transmission, LLC (EGT) Contracted or extended 590,000 Dth/d of capacity in Q2- 18, including a seven-year, 300,000 Dth/d contract with a EOIT producer for Line CP capacity that…
Key Takeaways Transportation contracting affirms the critical role Enables pipelines play in connecting natural gas supply and demand Continued Customer-focused solutions like CaSE and Wildcat are today Commercial providing customers…
Second Quarter Results
Strong Operational Performance Continues Natural gas gathered and processed volumes increased in the second quarter of 2018 compared to the second quarter of 2017 as a result of higher gathered and processed volumes in the Anadarko and…
Financial Results and Highlights Financial Results Financial Highlights Q2-18 Q2-17 Enable remains committed to maintaining In millions, except per-unit and ratio data investment-grade credit metrics Total Revenues 805 626 Total Debt…
Question and Answer Question and Answer
Appendix Appendix
2018 Outlook 2018 outlook provided May 2, 2018 2018 Operational Outlook 2018 Financial Outlook in millions Natural Gas Gathered Volumes (TBtu/d) 4.1 4.8 Net Income Attributable to Common Units 375 445 Anadarko 2.0 2.3 Interest…
Derivative Activity and Price Sensitivities 2018 Derivative Activity Three Months Ended June 30 in millions 2018 2017 Gain (Loss) on Derivative Activity (14) 9 Change in Fair Value of Derivatives (10) 11 Realized Gain (Loss) on…
Gross Margin Profile and Hedging Summary 2018 Gross Margin Profile1 Hedging Summary2 Commodity1 Bal-2018 2019 95% fee- 5% based or 10% Natural Gas (NYMEX) hedged Exposure Hedged (%) 72% 18% 45% Average Hedge Price (/MMBtu) 2.95…
Gathering and Processing Segment Key Drivers Q2-18 Q2-17 Volumes Operational Results Increased drilling in the Anadarko and Ark-La-Tex Basins Anadarko Basin (TBtu/d) Commissioning of multi-well pads on the Bear Den and Nesson…
Transportation and Storage Segment Key Drivers Q2-18 Q2-17 Volumes and Capacity Operational Results Transported Volumes: Higher off-system and intrastate average deliveries, partially offset by contract roll-offs on interstate…
Condensed Consolidated Statements of Income Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (In millions, except per unit data) Revenues (including revenues from affiliates): Product sales 501 354 944 740…
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 June 30, Six Months Ended June 30, 2018 2017 2018 2017 Operating Data: Gathered volumesTBtu 403 301 788 597 Gathered volumesTBtu/d 4.43 3.31 4.35 3.30 Natural gas processed volumesTBtu 212 174 412…
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