Enable Midstream Partners, LP Second Quarter 2019 Conference Call August 6, 2019
Enable Second Quarter 2019 Highlights Higher natural gas gathered, natural gas processed, crude oil and condensate gathered and natural gas transported volumes compared to second quarter 2018 Higher quarterly gross margin, net income,…
Business Performance Drives Distribution Increase Steadily Growing Distributable Cash Flow History of Strengthening Distribution Coverage in millions 1.45x 810 1.38x 1.30x 760 740 1.18x 1.20x 639 660 1.01x 538 1 1 2015…
Gathering and Processing Highlights Rig Activity Remains Strong Rig activity remains strong around Enables gathering footprint with 44 rigs1 currently drilling wells expected 27 to be connected to Enables gathering systems STACK 5…
Transportation and Storage Highlights Unique Market Solutions for Growing Supply and Demand Transported Volumes TBtu/d Contracted or extended over 600,000 Dth/d of transportation capacity during second quarter 2019 6.04 5.28…
Operational and Financial Results
Operational Performance Overview Natural gas gathered volumes increased for second quarter 2019 compared to second quarter 2018 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 Q2-19 Q2-18 % Change in millions, except per-unit and ratio data Total Revenues 735 805 9% Gross Margin1 418 361 16% Net Income Attributable to Limited Partners 124 95…
Enable: Built for the Long-term 13,900 Miles Strong Business Performance 96% Fee-Based or Hedged Margin4 Gathering Pipelines in millions 4% Large Scale, Fully-Integrated Midstream Platform1 7% 1,180 Adjusted EBITDA 45%…
Responsible Operator, Community Partner Signatory to INGAAs Member of EPAs voluntary Methane Emissions Natural Gas STAR Commitments Environmental program since 2003 Stewardship to minimize methane emissions Focused on…
Question and Answer Question and Answer
Appendix Appendix
2019 Outlook 2019 outlook provided Nov. 7, 2018, reaffirmed Aug. 6, 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…
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. As part of the FERC pre-filing…
Commodity Derivative Activity and Price Sensitivities Derivative Activity ( in millions) Hedging Summary3 Three Months Ended Commodity 2019 2020 June 30 Natural Gas (NYMEX) 2019 2018 Exposure Hedged (%) 64% 10% Gain (Loss) on…
Consolidated Statements of Income Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 (In millions, except per unit data) Revenues (including revenues from affiliates): Product sales 393 501 836 944 Service…
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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