Enable Midstream Partners, LP First Quarter 2020 Conference Call May 6, 2020
Key Topics for Todays Call Pandemic Response 1 Committed to protecting health and safety while providing vital energy infrastructure services 2 Current Market Environment Well-positioned with a diversified asset portfolio and…
Enables Operational Response to COVID-19 Enable is committed to protecting the health and safety of our employees, customers and communities where we live and work while maintaining continuity in providing vital energy infrastructure…
Well-positioned for Current Market Environment Enable is fully-financed in 2020, and its operations are expected to generate cash flows in excess of distributions and capital expenditures to reduce debt Recently announced actions…
Enable Benefits from a Diversified Asset Portfolio Transportation and storage segment is anchored by firm contracts with high- quality customers, providing stability during volatile market environments With the improving long-term…
Other Key Business Updates Recently received FERC approval of MRTs rate case settlements, resulting in a 17 million one-time 2020 revenue benefit from 2019 billings and an estimated 7 million ongoing service revenue benefit1 Gulf Run…
Operational and Financial Results
Operational Performance Overview Natural gas gathered volumes decreased for first quarter 2020 compared to first quarter 2019 primarily as a result of lower gathered volumes in the Anadarko and Arkoma Basins, partially offset by higher…
Financial Results Financial Results Three Months Ended March 31 2020 2019 Change in millions, except per-unit and ratio data Total Revenues 648 795 (147) Gross Margin1 422 417 5 Net Income Attributable to Limited Partners 112…
Updated 2020 Outlook 2020 Financial Outlook in millions Previous Range Updated Range Net Income Attributable to Common Units1 385 445 195 235 Adjusted EBITDA2 1,050 1,150 900 960 Distributable Cash Flow2 720 800 585 645 2020…
Key Takeaways Committed to protecting the health and safety of employees, customers and communities while providing vital energy infrastructure services Continue to benefit from significant scale, diversified assets, integrated…
Question and Answer Question and Answer
Appendix Appendix
Derivative Activity and Price Sensitivities Derivative Activity ( in millions) Hedging Summary3 Three Months Ended Mar. 31 Commodity 2020 2021 Natural Gas (NYMEX) 2020 2019 Exposure Hedged (TBtu) 15.4 13.2 Gain (Loss) on Derivative…
Gathering and Processing Segment Results Operational Results Three Months Ended March 31 2020 2019 Change Gathered Volumes (TBtu/d) 2.29 2.35 (0.06) Anadarko Processed Volumes (TBtu/d)1 2.08 2.12 (0.04) Basin NGLs…
Transportation and Storage Segment Results Operational Results Three Months Ended March 31 2020 2019 Change Transported Volumes (Tbtu/d) 6.56 6.67 (0.11) Interstate Firm Contracted Capacity (Bcf/d) 6.48 6.52 (0.04) Intrastate…
Consolidated Statements of Income Three Months Ended March 31, 2020 2019 (In millions, except per unit data) Revenues (including revenues from affiliates): Product sales 288 443 Service revenues 360 352 Total Revenues 648…
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