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2Q 2018 Earnings Presentation – CNX Midstream Partners

CNX Midstream Partners · Aug 2, 2018 · 7 slides

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Slides

  1. 2Q 2018 Earnings Presentation – CNX Midstream Partners – slide 1
    Earnings Results Second Quarter 2018 August 2, 2018
  2. 2Q 2018 Earnings Presentation – CNX Midstream Partners – slide 2
    Q2 2018 Results Q2 2018 results in line with expectations Average daily throughput of 1,208 Bbtu/d in Q2 2018; highest quarterly average since IPO 13th consecutive quarterly cash distribution increase at targeted 15% annual growth…
  3. 2Q 2018 Earnings Presentation – CNX Midstream Partners – slide 3
    CNXM DevCo Overview and Activity Focus Prior to Exchange Transaction After Exchange Transaction DevCo I Throughput includes: CPA Wet and dry SWPA Central production Shirley-Pennsboro Both Marcellus and Utica shale volumes…
  4. 2Q 2018 Earnings Presentation – CNX Midstream Partners – slide 4
    Strong Inventory of Sponsor Driven Growth Opportunities Drop-Down Candidates Opportunity Highlights Growth Greenfield Marcellus and Utica dedication in DevCo III represents our most significant Opportunities Wadestown near-term…
  5. 2Q 2018 Earnings Presentation – CNX Midstream Partners – slide 5
    Appendix 6
  6. 2Q 2018 Earnings Presentation – CNX Midstream Partners – slide 6
    Non-GAAP Reconciliation ( in thousands) Three Months Ended June 30, (unaudited) 2018 2017 Net Income 30,282 29,752 Depreciation expense 5,443 5,675 Interest expense 7,119 1,124 EBITDA 42,844 36,551 Non-cash unit-based compensation…
  7. 2Q 2018 Earnings Presentation – CNX Midstream Partners – slide 7
    Non-GAAP Reconciliation ( in thousands) Twelve Months Ended (unaudited) 6/30/2018 6/30/2017 3/31/2018 Net Income 135,057 131,351 134,527 Depreciation expense 22,645 22,556 22,877 Interest expense 12,006 3,161 6,011 EBITDA 169,708…

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