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3Q 2019 Earnings Presentation – Western Gas Partners Lp

Western Gas Partners Lp · Nov 5, 2019 · 13 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. 3Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 1
    NYSE: WES westernmidstream.com INVESTOR RELAT IONS KRISTEN SHULTS Vice President, Investor Relations and Communication 832.636.1671 JACK SPINKS Manager, Investor Relations 832.636.3738 THIRD-QUARTER 2019 REVIEW…
  2. 3Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 2
    Opening Remarks www.westernmidstream.com NYSE: WES 3
  3. 3Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 3
    Premier Asset Portfolio Value-Focused Portfolio1 Adj. EBITDA: 36% Delaware Basin, 39% DJ Basin, 13% Equity Investments Total Capital: 52% Delaware Basin, 37% DJ Basin DJ BASIN Direct Commodity Exposure Protection2 WHITE CLIFFS…
  4. 3Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 4
    Strategic Priorities O P E R AT E MAXIMIZE GROW Existing Business Partnership with Third-Party Safely and Efficiently Oxy Business www.westernmidstream.com NYSE: WES 5
  5. 3Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 5
    Financial and Operational Performance ( in millions except per-unit amounts) 3Q19 3Q19 Adjusted EBITDA1 410 Natural Gas Throughput1 (Bcf/d) 4.20 Adjusted Gross Margin for Natural Gas Total Capital Expenditures2 278 Assets1 (/Mcf)…
  6. 3Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 6
    Reaffirmed 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 Low End Expected Maintenance Capital Expenditures…
  7. 3Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 7
    Preliminary 2020 Outlook Total Capital Adjusted EBITDA 2019E 2020E 2019E 2020E 20% 30% 10% GROWTH1 REDUCTION1 Expected incremental 250 MMcf/d gas compression Anticipated double-digit throughput growth across all 180 MBbl/d…
  8. 3Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 8
    Q&A www.westernmidstream.com NYSE: WES 9
  9. 3Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 9
    Appendix www.westernmidstream.com NYSE: WES 10
  10. 3Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 10
    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…
  11. 3Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 11
    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…
  12. 3Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 12
    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…
  13. 3Q 2019 Earnings Presentation – Western Gas Partners Lp – slide 13
    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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