Third-Quarter 2020 Results November 2, 2020 www.nblmidstream.com NASDAQ: NBLX 1
Cost Control and Pipeline Inflection Highlight Third-Quarter 2020 Flexible Organic Capital Program and Operating Cost Savings Invested 8 million in organic 3Q20 net capital due to capital efficiencies and non-essential project…
Strong Volume and Cost Performance in 3Q20 as Activity Returns 2020 Quarterly Gathering Volumes and Well Connections Self-Funding through Organic Capital Flexibility Mboew/d Gathering Volume Connections Swift reduction in organic…
Fourth-Quarter Activity Picking Up 2020E Gross Transmission Volumes Customers Resuming Completion Activity Expect 25 to 30 well connections on wholly-owned assets, 900 Pipeline Volumes (Bbl/d) Range focused in Mustang and the…
2020 Guidance Raised as Fourth-Quarter Activity Increases 2020 Outlook Adjusted Net EBITDA1,2 and Distributable Cash Organic Capital Flow1 raised 1% and 4%, respectively 70 - 80 MM Equity Investment Capital 240 - 250 MM Organic…
Positioned for Activity Rebound Across Segments JVs Provide Meaningful Diversification DJ Basin All pipeline investments in-service and generating EBITDA1, do not anticipate additional funding requirements in 2021 BANGL transaction…
Priorities for Available Cash Have Not Changed Lowering 2020E Leverage Targets, Long-Term Unchanged Net Debt to TTM EBTIDA1,2 Guidance Self-funded quarterly operations for second-consecutive quarter 5.0x Guidance Range Ended 3Q20 at…
Non-GAAP Reconciliations Reconciliation of Net Income (GAAP) to Adjusted EBITDA (Non-GAAP) and Distributable Cash Flow (Non-GAAP) (in thousands, unaudited) Three Months Ended September 30, 2020 Trailing Twelve Months Reconciliation…
Non-GAAP Reconciliations Reconciliation of Net Cash Provided by Operating Activities (GAAP) to Adjusted EBITDA (Non-GAAP) (in thousands, unaudited) Three Months Ended September 30, 2020 Trailing Twelve Months Reconciliation from…
Non-GAAP Reconciliations Calculation of Net Debt to Trailing Twelve Months Reconciliation of 2020 GAAP Guidance to 2020 Non- Adjusted Net EBITDA GAAP Guidance (in thousands, unaudited) (in thousands, unaudited) Net Income (GAAP)…
Contact Information Park Carrere Investor Relations 1001 Noble Energy Way park.carrerenblmidstream.com Houston, TX 77070 281.872.3208 www.nblmidstream.com NASDAQ: NBLX 13
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