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2Q 2019 Earnings Presentation – Enterprise Products Partners LP

Enterprise Products Partners LP · Jul 31, 2019 · 18 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 – Enterprise Products Partners LP – slide 1
    ENTERPRISE PRODUCTS PARTNERS L.P. enterpriseproducts.© ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. com SECOND QUARTER 2019 EARNINGS SUPPORT SLIDES
  2. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 2
    QUALIFYING STATEMENTS This supplemental package of earnings support slides provides highlights of major variances for the quarter. This data should be read in conjunction with the information contained in the earnings release for the…
  3. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 3
    INDICATIVE ATTRIBUTION OF GROSS OPERATING MARGIN Slides 6–8 attribute gross operating margin (GOM) among fee-based, commodity-based and differentialbased business activities. Most activities fit easily into one category; however, the…
  4. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 4
    GROSS OPERATING MARGIN BRIDGE Details: Non-cash mark-to-market (“MTM”) changes are a function of the hedging of crude oil, natural gas and natural gas liquids (“NGL”) price differentials between regional markets. This hedging is…
  5. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 5
    INDICATIVE ATTRIBUTION OF GROSS OPERATING MARGIN 91% 89% 86% 84% 4% 5% 6% 4% 5% 6% 8% 12% $0.0 $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 $7.0 $8.0 2016 2017 2018 1H 2019 Gross Operating Margin in $Billions Fee-Based Commodity…
  6. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 6
    NGL Segment Crude Segment Natural Gas Segment Petchem & Refined Products Segment % breakout of GOM Fee-Based Commodity Price-Based Differential-Based (1) INDICATIVE ATTRIBUTION OF SEGMENT GOM FOR 1H 2019
  7. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 7
    INDICATIVE ATTRIBUTION OF GOM FOR SELECT BUSINESSES 70% 69% 74% 78% $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0 $100 $200 $300 $400 $500 2016 2017 2018 1H 2019 Price Spread GOM in $Millions Propylene…
  8. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 8
    SEGMENT GROSS OPERATING MARGIN VARIANCE 2Q 2019 VS. 2Q 2018
  9. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 9
    NGL SEGMENT GOM BRIDGE 2Q 2019 VS. 2Q 2018 Details: The Shin Oak NGL pipeline entered limited commercial service in February 2019, and averaged 258 MBPD in 2Q19 Mont Belvieu storage facility increased primarily due to higher storage…
  10. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 10
    CRUDE OIL SEGMENT GOM BRIDGE 2Q 2019 VS. 2Q 2018 $ in MMs 2Q 2018 GOM Non-Cash MTM Change Permian-to- Houston P/L Hydrocarbon Terminal (EHT) Seaway P/L Other Marketing (excl: MTM & Midland-to- ECHO 1) Eagle Ford Crude JV…
  11. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 11
    NATURAL GAS SEGMENT GOM BRIDGE 2Q 2019 VS. 2Q 2018 Details: Marketing activities increased primarily due to higher average sales margins across Texas Texas Intrastate System increased primarily due to higher firm capacity fees and…
  12. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 12
    PETROCHEMICAL AND REFINED PRODUCTS SERVICES GOM BRIDGE 2Q 2019 VS. 2Q 2018 $ in MMs 2Q 2018 GOM Non-Cash MTM Change Refined Products Marketing (excl.MTM) TE Products P/L Mont Belvieu Propylene Plants All Other Changes 2Q…
  13. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 13
    SEGMENT GROSS OPERATING MARGIN VARIANCE 2Q 2019 VS. 1Q 2019
  14. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 14
    NGL SEGMENT GOM BRIDGE 2Q 2019 VS. 1Q 2019 Details: Shin Oak benefitted from higher transportation volumes • The system entered limited commercial service in February 2019, and averaged 258 MBPD in 2Q19 Hobbs fractionator was down…
  15. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 15
    CRUDE OIL SEGMENT GOM BRIDGE 2Q 2019 VS. 1Q 2019 $ in MMs 1Q 2019 GOM Non-Cash MTM Change Hydrocarbon Terminal (EHT) ECHO Terminal Midland-to- ECHO 2 P/L South Texas Crude System Other Marketing (excl: MTM &…
  16. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 16
    NATURAL GAS SEGMENT GOM BRIDGE 2Q 2019 VS. 1Q 2019 Details: Marketing benefitted from higher average sales margins in 2Q19 Texas Intrastate System increased primarily due to higher average transportation fees on expanded capacity on…
  17. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 17
    PETROCHEMICAL AND REFINED PRODUCTS SERVICES GOM BRIDGE 2Q 2019 VS. 1Q 2019 Details: Propylene fractionation benefitted from higher sales margins and volumes • The Mont Belvieu facility had a partial turnaround in 1Q19 Octane…
  18. 2Q 2019 Earnings Presentation – Enterprise Products Partners LP – slide 18
    Estimated $1.9 $1.5 $0.9 $0.8 $2.4 $2.8 $0.0 $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 2018 1Q 2019 2Q 2019 3Q 2019 4Q 2019 2020+ $ in Billions WE CONTINUE TO INVEST AND GROW ?$6B of Major Capital Projects Under Construction Shin Oak…

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