2 0 2 0 R E S U LT S A N D 2021 GUIDANCE FEB. 22, 2021
RESILIENT BUSINESS MODEL PROVEN PERFORMANCE Financial Strength and Flexibility POSITIONED FOR GROWTH Solid investment-grade balance sheet 100 3500 Adjusted EBITDA CAGR COVID-19 of 10% 2014 - 2020 Significant Liquidity 3000 Undrawn…
NATURAL GAS LIQUIDS VOLUME UPDATE Average NGL Raw Feed Throughput Volumes(a) Rocky Mountain: Average Bundled NGL raw feed throughput increased 13% compared with the Region Third Quarter 2020 Fourth Quarter 2020 Rate (per gallon)…
NATURAL GAS GATHERING AND PROCESSING VOLUME UPDATE G a t h e r e d Vo l u m e s (MMcf/d) Rocky Mountain 1,937 2,065 1,909 1,850 2,110 Processed volumes increased 16% compared with the third quarter 2020. 305 well connects completed in…
STRONG NATURAL GAS LIQUIDS VOLUME RECOVERY Rockies Region NGL Raw Feed Throughput (bpd) Capacity Expandable to 540,000 bpd Minimal capital needed to further 100,000 expand Elk Creek Pipeline with pump Current Total Capacity 440,000…
BUSINESS SEGMENT PERFORMANCE Q4 2020 VS. Q3 2020 ADJUSTED EBITDA VARIANCES Natural gas gathering and processing increased 30.9 million increase due primarily to higher realized commodity prices impacting fee-based contracts with a…
2021 FINANCIAL GUIDANCE STRONG VOLUMES EXPECTED TO DRIVE SEGMENT RESULTS 2021 Guidance Range 2021 Earnings Drivers ( in millions, except per share amounts) Higher Williston Basin natural gas and NGL Net income 1,075 1,375 volumes…
WILLISTON BASIN INCREASING GAS-TO-OIL RATIOS (GOR) AND FLARING PRESENT OPPORTUNITIES North Dakota Natural Gas and Crude Oil Produced North Dakota Natural Gas Produced and Flared 3,500 3,500 40% GOR has increased 65% since 2016.…
CAPTURING FLARED PRODUCTION LIMITED WILLISTON BASIN ACTIVITY NEEDED TO MAINTAIN CURRENT VOLUME LEVELS 1,750 O N E O K I l l u s t r a t i v e D e d i c a t e d G r o s s P r o d u c t i o n (a) 1,500 45 average well completions per…
PROMOTING LONG -TERM BUSINESS SUSTAINABILITY Environmental Social Governance Providing solutions to Long history of promoting Adoption of SASB reduce flaring in the diversity and inclusion reporting standards Williston Basin…
2021 FINANCIAL GUIDANCE NON-GAAP RECONCILIATION 2021 Guidance Range (Millions of dollars) Reconciliation of net income to adjusted EBITDA and distributable cash flow Net income 1,075 - 1,375 Interest expense, net of capitalized…