Business Overview Water Solutions Crude Logistics Liquids & Refined Products Transports, treats, recycles and Purchases crude oil from producers Conducts wholesale operations for disposes of produced and flowback and marketers and…
Balance Sheet Management Review NGLs Transformation & Simplification Segment EBITDA Breakdown as of March 31, 2018* Segment EBITDA Breakdown as of March 31, 2020* Major Divestitures Major Acquisitions Liquids & Retail Propane Refined…
Business Strategy Build a diversified Transport crude oil from the wellhead to refiners midstream MLP Transport water from the producer to treatment for disposal, recycle, or discharge providing multiple services Transport natural gas…
Water Solutions Segment Overview 6
Water Solutions Platform Our Water Solutions segment transports, treats, recycles and disposes of produced and flowback water generated from crude oil and natural gas production, disposes of solids such as tank bottoms, drilling fluids…
NGLs S.W.D. Mission Sustainable Water Developments Safer Water Distribution Scientific Water Discoveries Reduce ecological footprint Operate water systems that Support scientific research and support the oil & gas increase safety and…
Delaware Basin SWD NGL has 119 completed Disposal Wells Facilities & 91 wells in Texas and 28 in New Mexico Disposal NGL has 1 Solids Disposal Facility in-service at its Orla Wells location Water 600 miles of large-diameter water…
Water Solutions Financial Overview Segment Adjusted EBITDA FY 2020 Statistics 300 Blended disposal rate of 0.63/bbl and operating expense of 0.40/bbl for each disposal volume 250 232 Average skim oil percentage at 0.21% of disposal…
Crude Logistics Platform Our Crude Oil Logistics segment purchases crude oil from producers and marketers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail…
Grand Mesa Pipeline 550 miles of 20 Crude oil pipeline from the DJ Basin to Cushing, OK Grand Mesa Share NGL/Grand Mesa have 37.5% undivided joint interest DJ of Capacity 150,000 BPD capacity Basin Lucerne & Riverside Terminals in…
Crude Oil Logistics Financial Overview Segment Adjusted EBITDA FY 2020 Statistics 250 Grand Mesa Pipeline 219 Total financial volumes average 131kbpd 200 181 3% increase to rates per FERC oil pipeline index starting July 1, 2019…
Liquids and Refined Products Platform Our Liquids and Refined Products segment purchases gasoline, diesel, propane, butane and other products from refiners, processing plants, producers and other parties, and sells the products to…
Liquids and Refined Products Financial Overview Segment Adjusted EBITDA(1) FY 2020 Statistics Propane/Butane Wholesale 200 182 Propane sold of 1.5 billion gallons at 0.052/gal margin Butane sold of 815 million gallons at 0.105/gal…
Financial Overview 17
Financial Objectives The Partnership will look to maintain a flexible balance sheet with a Strong Balance leverage target of less than 4.00x on a total leverage basis Sheet Goal of achieving investment grade rating Focus on…
Credit Profile (2) Debt Maturities as of 9/30/20 (In Millions) Debt & Preferred Equity Balances as of 9/30/20 2,000 (In Thousands) 1,703 9/30/2020 6/30/2020 1,600 Debt 1,200 Expansion Capital Borrowings 1,466,000 1,400,000 Working…
2nd Quarter Update Segment Summary: Quarterly Summary Performance (s In Millions) Crude Oil Logistics results were positively impacted by increased margin realized Sep-20 Sep-19 Variance(%) during the quarter, primarily due to the…
Key Investment Highlights Multiple business segments with significant geographic diversity reducing cash flow volatility Diversified and Presence in the highest rate of return oil & gas producing regions in North America Attractive…
Appendix 23
2Q21 & 2Q21YTD Adjusted EBITDA & DCF Walk Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 (in thousands) (in thousands) Net income (loss) 5,835 (201,366) (29,417) (193,327) Less: Net (income) loss…
2Q21 & 2Q20 Adjusted EBITDA by Segment Three Months Ended September 30, 2020 Discontinued Liquids and Corporate Continuing Operations (TPSL, Mid- Crude Oil Logistics Water Solutions Refined Products and Other Operations Con, Gas…
2Q21YTD & 2Q20YTD Adjusted EBITDA by Segment Six Months Ended September 30, 2020 Discontinued Liquids and Corporate Continuing Operations (TPSL, Mid- Crude Oil Logistics Water Solutions Refined Products and Other Operations Con, Gas…
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