NYSE: WES westernmidstream.com INVESTOR RELAT IONS JACK SPINKS Manager, Investor Relations 832 636 3738 FIRST-QUARTER 2019 REVIEW April 30, 2019
1Q19 vs 4Q18 Financial Performance ( in Millions) 1Q19 4Q18 Adjusted EBITDA1,2 428.3 457.3 Total Capital Expenditures3 437.9 396.0 Maintenance Capital Expenditures 35.7 39.3 Distributable Cash Flow1 340.2 318.2 Coverage Ratio1…
1Q19 vs 4Q18 Operational Performance 1Q19 4Q18 Ke y D r i ve r s Natural Gas Throughput Delaware and DJ Basin growth, (Bcf/d) 4.20 4.00 partially offset by Marcellus Adjusted Gross Margin for Natural Gas Assets (/Mcf) 1.09 1.07…
Appendices www.westernmidstream.com NYSE: WES 5
WES Non-GAAP Reconciliation Adjusted EBITDA WES defines Adjusted EBITDA attributable to Western Midstream Partners, LP (Adjusted EBITDA) as net income (loss), plus distributions from equity investments, non-cash equity-based…
WES Non-GAAP Reconciliation Adjusted EBITDA WES defines Adjusted EBITDA attributable to Western Midstream Partners, LP (Adjusted EBITDA) as net income (loss), plus distributions from equity investments, non-cash equity-based…
WES Non-GAAP Reconciliation Distributable Cash Flow WES defines Distributable cash flow as Adjusted EBITDA, plus interest income and the net settlement amounts from the sale and/or purchase of natural gas, condensate and NGLs under…
WES Non-GAAP Reconciliation Adjusted Gross Margin WES defines Adjusted gross margin attributable to Western Midstream Partners, LP (Adjusted gross margin) as total revenues and other (less reimbursements for electricity-related…