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2Q 2019 Earnings Presentation – Western Gas Partners Lp

Western Gas Partners Lp · Jul 31, 2019 · 11 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 1
    NYSE: WES westernmidstream.com INVESTOR R E L ATI ON S JACK SPINKS Manager, Investor Relations 832 636 3738 SECOND-QUARTER 2019 REVIEW July 31, 2019
  2. 2Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 2
    2Q19 vs 1Q19 Financial Performance ( in Millions) 2Q19 1Q19 Adjusted EBITDA1 432.9 428.3 Total Capital Expenditures2 290.3 437.9 Maintenance Capital Expenditures 29.9 35.7 Distributable Cash Flow1 335.5 340.2 Coverage Ratio1…
  3. 2Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 3
    2Q19 vs 1Q19 Operational Performance 2Q19 1Q19 Ke y D r i ve r s Natural Gas Throughput Wyoming assets and (Bcf/d) 4.28 4.20 Equity Investments Adjusted Gross Margin for Natural Gas Assets (/Mcf) 1.06 1.09 Crude, NGL &…
  4. 2Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 4
    2019 Adjusted EBITDA Guidance Changes (130) (40) (30) 50 MILLIONS Midpoint 1,850 Midpoint 1,700 Original Guidance Lower Throughput Lower Commodity Prices Revenue Recognition Favorable OPEX, Equity Updated Guidance…
  5. 2Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 5
    Updated 2019 Guidance ( in millions, includes full-year effect of acquired assets) 2019 Guidance Adjusted EBITDA1 1,675 - 1,725 Total Capital Expenditures2,3 1,300 - 1,400 Maintenance Capital Expenditures 130 - 140 Annual…
  6. 2Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 6
    Q&A www.westernmidstream.com NYSE: WES 7
  7. 2Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 7
    Appendices www.westernmidstream.com NYSE: WES 8
  8. 2Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 8
    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…
  9. 2Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 9
    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…
  10. 2Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 10
    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…
  11. 2Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 11
    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…

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