Fully Integrated Midstream Platform Across Leading Basins 10,100 Miles Interstate/Intrastate Pipelines 13,900 Miles Gathering Pipelines 2.6 Bcf/d Processing Capacity 84.5 Bcf Storage Capacity 52 Active Rigs On…
Market-Leading Anadarko Basin Position Strategically-Advantaged Footprint Supports Growth from Top-Tier Producers Dedicated Rigs Other Rigs Dedicated Acreage 1 in Processing Capacity in the SCOOP and STACK1 39% of rigs running in…
Gulf Run Pipeline Gulf Run Project1 The Gulf Run Pipeline, backed by cornerstone shipper Golden Pass LNG, will provide access to some of the most prolific natural gas producing regions in the U.S. Enable continues to pursue…
Financial Strength and Discipline Enables Results Check All of the Boxes1 Margin Profile 96% Fee-Based or Hedged2 Investment-Grade Credit Metrics 4% 8% Volume Dependent Strong Distribution Coverage Demand 44% Commodity-Based…
Proven Track Record with Upside Potential Compelling Valuation Attractive Yield Strong Balance Sheet 11.1x 9.2% 9.5x 8.2% 5.0x 3.9x 1 2 3 EV / 2019 Adjusted EBITDA Distribution Yield Debt / Adjusted EBITDA 4 ENBL ANGI…
Appendix Appendix
Enable Ownership Structure Note: Structure as of March 31, 2019 10
2019 Outlook 2019 outlook provided Nov. 7, 2018, reaffirmed May 1, 2019 2019 Financial Outlook in millions Net Income Attributable to Common Units 435 505 Interest Expense 190 210 Adjusted EBITDA1 1,090 1,180 Series A Preferred…
Enable Unit Price Appreciation Potential EV / EBITDA +31% Potential Uplift Current EBITDA Potential ENBL Unit Multiple Unit Price in Millions Price Uplift Uplift 2019 Adjusted EBITDA1 1,135 0 1,135 EBITDA Multiple 9.5x 1.6x 11.1x…
Consolidated Statements of Income Year Ended December 31, 2018 2017 2016 (In millions, except per unit data) Revenues (including revenues from affiliates): Product sales 2,106 1,653 1,172 Service revenue 1,325 1,150 1,100 Total…
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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