Enable 2018 Successes Commercial and Operational Achievements Ruston Storage Northern Louisiana Record Fourth Quarter and Full-Year 2018 natural gas gathered, natural gas processed and crude oil and condensate gathered volumes1…
2018: Another Great Year of Performance 4.48 485 Volumes 3.56 400 Earnings in millions 3.13 290 TBtu/d Natural Gas Gathered Net Income Attrib. to Common approximately approximately +43% since 2016 +67% since 2016 2016…
Financially Strong and Disciplined Focused on Cost Discipline Primarily Fee-based Margin Profile2 Significant Outperformance 1,800 1,600 37% 1,612 38% 37% 96% Fee- Based or 94.3% +64% over S&P 500 1,422 4% 36% 8% Hedged…
Gulf Run Pipeline Update On Feb. 5, 2019, Enable announced that Golden Signing Ceremony with Golden Pass Pass LNG, a joint venture between affiliates of Qatar Petroleum and ExxonMobil Corporation, is the cornerstone shipper for the…
G&P Segment Highlights Rig activity remains strong around Enables gathering footprint with 54 29 STACK rigs1 currently drilling wells expected 9 54 SCOOP Granite Wash to be connected to Enables Active Rigs on Ark-La-Tx 3 Enables…
T&S Segment Highlights Contracted or extended over 2 million 1 System Map dekatherms per day (Dth/d) of transportation capacity during 2018 Enable to provide over 550,000 Dth/d of firm transportation capacity to OG&E on the EOIT…
Operational and Financial Results
Operational Performance Overview Natural gas gathered volumes increased for fourth quarter 2018 compared to fourth quarter 2017 primarily as a result of higher gathered volumes in the Anadarko and Ark-La-Tex Basins Natural gas…
Financial Results Financial Results Quarter over Quarter Year over Year Q4-18 Q4-17 % Change FY2018 FY2017 % Change in millions, except per-unit and ratio data Total Revenues 950 806 18% 3,431 2,803 22% Gross Margin1 466 361 29%…
Strong Momentum Expected to Continue in 2019 2019 will see full-year impacts from the Wildcat, CaSE and Muskogee projects Crude business growth expected in 2019 as a result of the recent Anadarko Basin acquisition and Williston Basin…
Question and Answer Question and Answer
Appendix Appendix
2019 Outlook 2019 outlook provided Nov. 7, 2018, reaffirmed Feb. 19, 2019 2019 Operational Outlook 2019 Financial Outlook in millions Natural Gas Gathered Volumes (TBtu/d) 4.3 4.9 Net Income Attributable to Common Units 435 505…
Derivative Activity and Price Sensitivities Derivative Activity ( in millions) Hedging Summary3 Year-Ended Dec. 31 Commodity 2019 2020 Natural Gas (NYMEX) 2018 2017 Exposure Hedged (%) 57% 4% Gain (Loss) on Derivative Activity 11…
Gathering and Processing Segment Results Operational Results Quarter over Quarter Year over Year Q4-18 Q4-17 % Change FY2018 FY2017 % Change Gathered Volumes (TBtu/d) 2.38 1.99 20% 2.21 1.81 22% Anadarko Processed Volumes…
Transportation and Storage Segment Results Operational Results Quarter over Quarter Year over Year Q4-18 Q4-17 % Change FY2018 FY2017 % Change Transported Volumes (Tbtu/d) 5.72 4.95 16% 5.56 5.04 10% Interstate Firm Contracted…
Consolidated Statements of Income Three Months Ended December 31, Year Ended December 31, 2018 2017 2018 2017 2016 (In millions, except per unit data) Revenues (including revenues from affiliates): Product sales 609 517 2,106 1,653…
2019 Forward Looking Non-GAAP Reconciliation 2019 Outlook (In millions) Reconciliation of Adjusted EBITDA and distributable cash flow to net income attributable to limited partners and calculation of Distribution coverage ratio: Net…
2019 Forward Looking Non-GAAP Reconciliation Continued 2019 Outlook (In millions) Reconciliation of Adjusted interest expense to Interest expense: Interest expense, net of interest income 190 - 210 Amortization of premium on…
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