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…
NGL SEGMENT GOM BRIDGE 3Q 2019 VS. 3Q 2018 $ in MMs 3Q 2018 GOM Non-Cash MTM Change Mont Belvieu Storage Aegis Pipeline Shin Oak & Seminole P/Ls & Related Laterals Mont Belvieu Fractionators Marketing (excl: MTM) Legacy…
CRUDE OIL SEGMENT GOM BRIDGE 3Q 2019 VS. 3Q 2018 in MMs Details: Non-cash MTM earnings for 3Q19 were a gain of $10MM compared to a gain of $200MM for 3Q18 Permian to Houston pipelines include Midland-to-ECHO 1 and 2, the West Texas…
NATURAL GAS SEGMENT GOM BRIDGE 3Q 2019 VS. 3Q 2018 Details: Marketing activities increased primarily due to higher average sales margins across Texas Acadian Gas System benefitted from an $10MM legal settlement to recover lost revenue…
PETROCHEMICAL AND REFINED PRODUCTS SERVICES GOM BRIDGE 3Q 2019 VS. 3Q 2018 $ in MMs Details: Mont Belvieu propylene plants primarily increased due to higher sales volumes • The facility produced 75 MBPD of propylene in the quarter…
NGL SEGMENT GOM BRIDGE 3Q 2019 VS. 2Q 2019 Details: Marketing benefitted from increased average sales margins related to contango and regional spread opportunities Aegis pipeline benefitted from additional volumes as new ethylene…
CRUDE OIL SEGMENT GOM BRIDGE 3Q 2019 VS. 2Q 2019 $ in MMs 2Q 2019 GOM Non-Cash MTM Change EHT Crude Oil Export Terminal Other Marketing (excl: MTM & M2E1) ECHO Terminal Permian to Houston Pipelines Other 3Q 2019 GOM…
NATURAL GAS SEGMENT GOM BRIDGE 3Q 2019 VS. 2Q 2019 Details: Permian gathering system benefitted from an increase in transportation volumes Marketing activity declined due to lower average sales margins related to narrowing regional…
PETROCHEMICAL AND REFINED PRODUCTS SERVICES GOM BRIDGE 3Q 2019 VS. 2Q 2019 $ in MMs 2Q 2019 GOM Non-Cash MTM Change MTBV Propylene Plants PDH Facility MTBV Isomerization & DIBs Other 3Q 2019 GOM Details: Mont Belvieu…
WE CONTINUE TO INVEST AND GROW ?$9.1B of Major Capital Projects Under Construction Shin Oak pipeline is expected to ramp to 550 MBPD of capacity in 4Q 2019 Front Range pipeline is expected to ramp to 255 MBPD of capacity in 2021 Texas…