Key Investment Highlights Premier gathering, transmission and water infrastructure positioned to benefit from core development in the Leading footprint in the Appalachian Marcellus / Utica Shales Basin One of the largest natural gas…
Assets and Organic Growth Projects 3
Gathering Assets Integrated asset footprint across core Marcellus & Utica development areas OH Utica Gathering PA and WV Gathering 210 miles of high pressure pipeline 680 miles of high pressure pipeline 93,000 HP of compression…
Capital Efficiencies from EQT Gathering Agreement Combo development / return to pad drilling leads to step-change in CAPEX Significant CAPEX Reductions Drive Long-Term Free Cash Flow(1)(2) Combo Development / Return to Pad Example…
Transmission and Storage Assets Strategically Located Assets System aggregates supply and exports to the interstate pipeline system 4.4 Bcf per day capacity 950-miles of FERC-regulated interstate pipelines 136,000 HP Compression…
Connecting A-Basin Supply to Markets Equitrans Transmission System offers optionality to diverse set of markets Market Takeaway Pipelines Northeast TETCO, TCO, DTI, TGP, NFG Gathering approximately 8 Bcf per day(1) Midwest Gulf…
Ohio Valley Connector Expansion Project (OVCX) Provides shippers firm transportation to key demand markets Offers flexibility to mid continent and Gulf Coast markets Designed to add compression at existing compressor stations in PA,…
Water Assets Mixed-use water system in development 10-year water services agreement with EQT Effective Q1 2022 Covers dedicated area in southwestern Pennsylvania Enhances stable cash flow profile with long-term firm revenues…
Mountain Valley Pipeline Long-haul pipeline designed to be main takeaway artery out of A-basin Intended to deliver reliable supply to the growing natural gas demand markets in southeast U.S. Strategic 50+ year pipeline asset…
MVP Targeting Carbon Neutrality Plans include purchase of carbon offsets to balance operational emissions for 10 years Formal commitment to pursue climate change mitigation Full carbon offset plan expected to make MVP's operational…
Hammerhead Gathering Pipeline Outlet for southwestern PA development to access southeast U.S. demand market (via MVP) Natural gas gathering header pipeline 64-mile pipeline Aggregate gas from several gathering systems 1.6 Bcf per…
MVP Southgate Project driven by demand pull from the tailgate of MVP Current Southgate design(1): 75-mile extension into North Carolina Project backed by 300 MMcf per day firm capacity commitment from Dominion Energy North…
Incremental Adjusted EBITDA Investing in projects to transport gas to key demand markets Estimated Estimated Annual Incremental Project (1)(4) Capital (MM) Adjusted EBITDA (MM)(4) (3) (2) MVP 3,400 220 Hammerhead(5) 540 75…
ESG Overview 15
Commitment to ESG Advancing ESG practices is core to ETRNs strategy Appointed two new female Launched diversity and inclusion ETRN Foundation grants were 555,000, which Established methane emission mitigation Published 2021 CSR…
2021 Sustainability Report: Continued Progress E-Train's ESG standards and practices for ethical, responsible and sustainable operations Safety Governance ETRN's safety education and training ETRNs board comprised of 78% program…
Financial Overview 18
Financial Summary Dividend and capital allocation policy designed to advance strategic objectives and return value to shareholders De-levering plan in place to strengthen balance sheet Liquidity available through EQM revolver…
Financing Plan Path to de-lever and liquidity to execute plan Capital Allocation and Liquidity Funding Plan ETRN annual dividend of 0.60 per common share designed Current project backlog expected to be funded with to achieve key…
Key Investment Highlights Premier gathering, transmission and water infrastructure positioned to benefit from core development in the Leading footprint in the Appalachian Marcellus / Utica Shales Basin One of the largest natural gas…
Appendix 23
Gas Gathering Agreement with EQT Deal creates meaningful value for ETRN Increase in MVCs to drive predictable Increased from 2.0 Bcf/d to 3.0 Bcf/d revenues Incremental step-up in MVC upon MVP in-service Long-term contract 15-year…
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