Regency Energy Partners LP NAPTP MLP Conference May 21, 2014
Forward-Looking Statements Certain matters discussed in this report include forward-looking statements. Forward-looking statements are identified as any statement that does not relate strictly to historical or current facts. Statements…
Key First Quarter 2014 Highlights Continued to execute on organic growth and acquisition Closed on Purchase of PVR Partners programs Completed the acquisition of Hoovers midstream business Adds a strong growth platform in the…
PVR Acquisition Update Combination of Regency and PVR creates a premiere, diversified gas gathering and processing MLP Increased Scale and PVR assets add a strategic presence in three prolific areas; the Marcellus and Utica Shales…
Expanding Asset Base Diversified asset portfolio is strategically positioned to benefit from drilling activity in liquids-rich plays Asset Summary 2012 2014 Marcellus/Utica Completed PVR Acquisition Gathering Pipeline (miles) 6,345…
Gathering and Processing: Eastern Region Total Eastern region volumes grew nearly 45% to 1.8 million MMbtu/d from Q1 2013 to Q1 2014 Lycoming System Expansion Auburn/Korbin Compressor Stations 500 MMcf/d trunkline, along with Adding…
Utica Ohio River Project Utica Ohio River Project creates a first-mover advantage, and will be a main take-away option for Utica lean-gas development and potentially residue gas Utica Ohio River Project Completing ROW, ordering…
Gathering & Processing: Permian Region Year-Over-Year Growth 2014 Opportunities Total volumes increased nearly 45% over Q1 2013 Adding 200 MMcf/d of incremental processing capacity in NGL production increased 25% over Q1 2013…
Gathering & Processing: South Texas Region Year-Over-Year Growth 2014 Opportunities Total South Texas volumes have increased nearly 25% Continued volume ramp up across all systems Eagle Ford Expansion Project volumes have increased…
Gathering & Processing: North Louisiana Region Year-Over-Year Growth 2014 Opportunities Dubach volumes have increased 15% and Dubberly Modifying and reconfiguring systems to create 100 volumes have increased 94% MMcf/d of interim…
Gathering and Processing: Mid Continent Region Growth Since January 1, 2014 2014 Opportunities Completed PVR acquisition; executing on integration Identifying synergies such as shifting volumes from plan inefficient plants and…
Lone Star Opportunities Year-Over-Year Growth 2014 Opportunities Growth Opportunities NGL transportation throughput increased 20% Continued volume ramp up on Gateway and Fracs I and II Fractionation throughput increased 165%…
Contract Services Opportunities New opportunities driving increased capex spending for compression due to continued strong demand, particularly in the Permian Basin, Eagle Ford, Niobrara and Appalachian Shales Marcellus/Utica…
Maintain Stable Cash Flows Acquisition of PVR significantly increases the scope of Regencys core gathering and processing business Adjusted Total Segment Margin 2012 2013 2014 Target 9% 9% 10% 8% 14% 15% 76% 75% 83%…
Summary Extensive midstream portfolio and strong position in majority of high-growth shale plays driving expansion opportunities Strong Visibility for Integrated Midstream High-Quality Assets Focused on Execution Continued…
Appendix
Major Expansions Under Construction RGP Growth Project Capital Contract Type Completion Date ( in millions) Auburn/Korbin 25 Fee-based December 2014 Compression Stations Fee-based Mariner South Pipeline1 70 Q1 2015…
Maintain Stable Cash Flows: DCF Sensitivities DCF Sensitivity to Commodity Price Changes Balance of 2014 Change in WTI Price (/Bbl) Change in Natural Gas Price Decrease 10.00 Flat Increase 10.00 (/MMbtu) Decrease 1.00…
Maintain Stable Cash Flows: Comprehensive Hedging Program Executed Hedges by Product1 Balance of 2014 FY 2015 Natural Gas/Ethane 80% 9% Propane 75% 9% Normal Butane 74% 0% C5+/Condensate 60% 0% 1 As of May 6th,…
Maintain Stable Cash Flows: Comprehensive Hedging Program Executed Hedges by Product1 Balance of 2014 Full Year 2015 Price Price Bbls/d Bbls/d (/gal) (/gal) Propane 3,389 1.04 400 1.10 Normal Butane 1,511 1.35 - - Price…
Non-GAAP Reconciliation Three Months Ended March 31, 2014 2013 ( in millions) Net income (loss) 12 (29) Add (deduct): Interest expense, net 56 37 Depreciation, depletion and amortization 94 65 Income tax benefit (1) (2) EBITDA…
Non-GAAP Reconciliation Year end December 31, Year Ended December 31, 2013 2012 2013 2012 Lone Star Joint Venture Haynesville Joint Venture Net income 214 147 Net income 71,723 69,847 Add: Add: Operation and maintenance 113 59…
Non-GAAP Reconciliation Three Months Ended March 31, 2014 2013 ( in millions) Net Cash Flows Provided by Operating Activities 187 83 Add (deduct): Depreciation, depletion and amortization, including debt issuance cost amortization…
Loading...
