THIRD QUARTER 2018 EARNINGS CALL AND WEBCAST. October 26, 2018
|
|
- Georgia Poole
- 5 years ago
- Views:
Transcription
1 THIRD QUARTER 2018 EARNINGS CALL AND WEBCAST October 26, 2018
2 CAUTIONARY STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Words and phrases such as is anticipated, is estimated, is expected, is planned, is scheduled, is targeted, believes, continues, intends, will, would, objectives, goals, projects, efforts, strategies and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relating to Phillips 66 Partners operations (including joint venture operations) are based on management s expectations, estimates and projections about the company, its interests and the energy industry in general on the date this presentation was prepared. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include the continued ability of Phillips 66 to satisfy its obligations under our commercial and other agreements; the volume of crude oil, refined petroleum products and NGL we or our joint ventures transport, fractionate, terminal and store; the tariff rates with respect to volumes that we transport through our regulated assets, which rates are subject to review and possible adjustment by federal and state regulators; fluctuations in the prices for crude oil, refined petroleum products and NGL; liabilities associated with the risks and operational hazards inherent in transporting, fractionating, terminaling and storing crude oil, refined petroleum products and NGL; potential liability from litigation or for remedial actions, including removal and reclamation obligations under environmental regulations; the failure to complete construction of announced and future capital projects in a timely manner and any cost overruns associated with such projects; and other economic, business, competitive and/or regulatory factors affecting Phillips 66 Partners businesses generally as set forth in our filings with the Securities and Exchange Commission. Phillips 66 Partners is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. Use of Non-GAAP Financial Measures. Today s presentation includes non-gaap financial measures. You can find the reconciliations to comparable GAAP financial measures at the end of the presentation materials or in the Financial Information section of our website. 2
3 OVERVIEW 3Q 2018 $MM (unless otherwise noted) Adjusted EBITDA $ 305 Net Income 217 Distributable Cash Flow* 218 Distribution per Common LP Unit ($/unit) *Distributable cash flow is net of distributions to Series A Preferred equity 3
4 Coverage Ratio Dist. / Common LP Unit (cents/unit) DISTRIBUTION GROWTH * Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q * Represents the minimum quarterly distribution for 3Q 2013, actual distribution of cents equal to MQD prorated 4
5 FINANCIAL HIGHLIGHTS 20 Adjusted EBITDA ($MM) Q 2018 Joint Ventures Wholly Owned Assets 3Q 2018 Distributable Cash Flow ($MM) 29 (13) (2) Q 2018 Adjusted EBITDA Maintenance Capital Expenditures Other 3Q
6 FINANCIAL FLEXIBILITY AND LIQUIDITY 3Q 2018 $MM (unless otherwise noted) Cash and cash equivalents $ 100 Total assets 5,643 Total liabilities 3,200 Revolving credit facility availability 750 Debt-to-EBITDA ratio* 2.8x *Leverage ratio estimated on credit facility covenant basis. 6
7 PSXP ORGANIC GROWTH Project Completion Date Gross Capital ($MM) PSXP Equity (%) Sacagawea Gas Pipeline 3Q Sand Hills Pipeline expansion 4Q Bayou Bridge Pipeline (segments I and II) 4Q Lake Charles products pipeline 2Q Lake Charles isomerization unit 3Q Gray Oak Pipeline 4Q , * South Texas Gateway Terminal 4Q Clemens Caverns expansion 4Q Projects expected to have typical Midstream EBITDA build multiples (6x 8x) * PSXP equity of 42.25% assumes all third party options are exercised Assumes midpoint of capital range 7 7
8 QUESTIONS AND ANSWERS EARNINGS CALL AND WEBCAST October 26, 2018
9 APPENDIX
10 FINANCIAL RESULTS (CONSOLIDATED) $MM (unless otherwise noted) 3Q Q 2018 Revenues and other income $ 384 $ 354 Costs and expenses Income before income taxes Income tax expense Net Income Less: Net income attributable to Predecessors Net income attributable to PSXP Adjusted EBITDA Distributable Cash Flow Quarterly Distribution (cents/unit)
11 OPERATIONAL HIGHLIGHTS 3Q Q 2018 Wholly Owned Operating Data Pipelines Pipeline revenues ($ MM) Pipeline volumes (1) (MBD) Crude oil 1,047 1,020 Refined products and NGL Total 2,006 1,940 Average pipeline revenue per barrel ($s) Terminals Terminal revenues ($ MM) Terminal throughput (MBD) Crude oil (2) Refined products Total 1,190 1,277 Average terminaling revenue per barrel ($s) Storage, processing and other revenues ($ MM) Total operating revenues ($ MM) Joint Venture Operating Data (3) Crude oil, refined products and NGL (MBD) Note: Excludes predecessor results (1) Represents the sum of volumes transported through each separately tariffed pipeline segment. (2) Bayway and Ferndale rail rack volumes included in crude oil terminals. (3) Proportional share of total pipeline and terminal volumes of joint ventures consistent with recognized equity in earnings of affiliates. 11
12 NON-GAAP RECONCILIATION $MM 3Q Q Q Q Q 2017 Net income attributable to the Partnership Plus: Net income attributable to Predecessors 2 32 Net income Plus: Depreciation Net interest expense Income tax expense EBITDA Proportional share of equity affiliates net interest, taxes and depreciation Expenses indemnified by Phillips Transaction costs associated with acquisitions EBITDA attributable to Predecessors (36) Adjusted EBITDA Plus: Deferred revenue impacts * (5) (5) 5 (3) 1 Less: Equity affiliate distributions less than proportional EBITDA Maintenance capital expenditures Net interest expense Preferred unit distributions Distributable cash flow * Difference between cash receipts and revenue recognition Excludes MSLP capital reimbursements and turnaround impacts 12
13 NON-GAAP RECONCILIATION $MM 3Q Q Q Q Q 2017 Net cash provided by operating activities Plus: Net interest expense Income tax expense Changes in working capital (7) (10) (17) (19) Undistributed equity earnings (2) (1) 8 1 (9) Deferred revenue and other liabilities (45) 2 Other (5) (2) (6) EBITDA Proportional share of equity affiliates net interest, taxes and depreciation Expenses indemnified by Phillips Transaction costs associated with acquisitions EBITDA attributable to Predecessors (36) Adjusted EBITDA Plus: Deferred revenue impacts * (5) (5) 5 (3) 1 Less: Equity affiliate distributions less than proportional EBITDA Maintenance capital expenditures Net interest expense Preferred unit distributions Distributable cash flow * Difference between cash receipts and revenue recognition Excludes MSLP capital reimbursements and turnaround impacts 13
FIRST QUARTER 2018 EARNINGS CALL AND WEBCAST. April 27, 2018
FIRST QUARTER 2018 EARNINGS CALL AND WEBCAST April 27, 2018 CAUTIONARY STATEMENT This presentation includes forward-looking statements. Words and phrases such as is anticipated, is estimated, is expected,
More informationFOURTH QUARTER 2018 EARNINGS CALL AND WEBCAST
Gray Oak construction site, Big Lake, Texas FOURTH QUARTER 2018 EARNINGS CALL AND WEBCAST February 8, 2019 CAUTIONARY STATEMENT This presentation contains certain forward-looking statements within the
More informationPhillips 66 Partners Reports Fourth-Quarter 2017 Earnings
Exhibit 99.1 Phillips 66 Partners Reports Fourth-Quarter 2017 Earnings Highlights Fourth Quarter Reported earnings of $162 million; adjusted EBITDA of $254 million Increased quarterly distribution 5 percent
More informationPHILLIPS 66 THIRD QUARTER 2018 CONFERENCE CALL. October 26,
PHILLIPS 66 THIRD QUARTER 2018 CONFERENCE CALL October 26, 2018 1 CAUTIONARY STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities
More informationPHILLIPS 66 FOURTH QUARTER 2018 CONFERENCE CALL. February 8,
PHILLIPS 66 FOURTH QUARTER 2018 CONFERENCE CALL February 8, 2019 1 CAUTIONARY STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities
More informationPhillips 66 (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event
More informationExecution. Citi Global Energy and Utilities Conference May 13, 2015
Execution Citi Global Energy and Utilities Conference May 13, 2015 Cautionary Statement This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities
More informationPHILLIPS 66 FOURTH QUARTER 2017 CONFERENCE CALL. February 2, 2018
PHILLIPS 66 FOURTH QUARTER 2017 CONFERENCE CALL February 2, 2018 CAUTIONARY STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act
More informationPHILLIPS 66 FIRST QUARTER 2018 CONFERENCE CALL. April 27, 2018
PHILLIPS 66 FIRST QUARTER 2018 CONFERENCE CALL April 27, 2018 CAUTIONARY STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act
More informationPhillips 66 Earnings Release Supplemental Data
Phillips 66 Earnings Release Supplemental Data CONSOLIDATED INCOME STATEMENT Revenues and Income Sales and other operating revenues* Equity in earnings of affiliates Net gain on dispositions income Revenues
More informationPHILLIPS 66 THIRD QUARTER CONFERENCE CALL. October 28, 2016
PHILLIPS 66 THIRD QUARTER CONFERENCE CALL October 28, 2016 CAUTIONARY STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of
More informationSecond Quarter 2014 Earnings Conference Call and Webcast. July 31, 2014
Second 2014 Earnings Conference Call and Webcast July 31, 2014 1 Forward Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. These
More informationCredit Suisse Conference
Credit Suisse Conference Greg C. Garland Chairman and CEO February 13, 2018 NYSE: PSX www.phillips66.com Lake Charles Refinery Cautionary Statement This presentation contains certain forward-looking statements.
More informationClayton Reasor SVP, Investor Relations, Strategy and Corporate Affairs
Investing Building Growing Clayton Reasor SVP, Investor Relations, Strategy and Corporate Affairs UBS Global Oil and Gas Conference Cautionary Statement This presentation contains certain forward-looking
More informationPhillips 66 Partners LP (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly
More informationSHELL MIDSTREAM PARTNERS, L.P.
Exhibit 99.1 SHELL MIDSTREAM PARTNERS, L.P. 4th QUARTER 2015 UNAUDITED RESULTS Strong operational performance generated $67.9 million of cash available for distribution as well as $65.5 million adjusted
More information2013 Annual Meeting of Stockholders
2013 Annual Meeting of Stockholders Greg Garland Chief Executive Officer May 8, 2013 Houston, TX Cautionary Statement This presentation contains certain forward-looking statements within the meaning of
More informationStrategy. Operating Excellence. Growth. Returns. Distributions. High-Performing Organization. See appendix for footnotes. 4
Cautionary Statement This presentation contains forward-looking statements. Words and phrases such as is anticipated, is estimated, is expected, is planned, is scheduled, is targeted, believes, intends,
More informationInvestor Update Second Quarter 2015
Investor Update Second Quarter 2015 Execution Investor Update Second Quarter 2015 NYSE: PSX www.phillips66.com Cautionary Statement This presentation contains certain forward-looking statements within
More informationKeynote Presentation. Keynote Presenter. Luc J. Messier Senior Vice President, Project Development, ConocoPhillips
Keynote Presentation Keynote Presenter Luc J. Messier Senior Vice President, Project Development, ConocoPhillips CAUTIONARY STATEMENT FOR THE PURPOSES OF THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES
More informationInvestor Update February NYSE: PSX
Investor Update February 2017 NYSE: PSX www.phillips66.com Cautionary Statement This presentation contains forward-looking statements. Words and phrases such as is anticipated, is estimated, is expected,
More informationPHILLIPS 66 SECOND QUARTER CONFERENCE CALL. July 31, 2013
PHILLIPS 66 SECOND QUARTER CONFERENCE CALL July 31, 2013 CAUTIONARY STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
More informationInvestor Update November NYSE: PSX
Investor Update November 2017 NYSE: PSX www.phillips66.com Cautionary Statement This presentation contains certain forward-looking statements. Words and phrases such as is anticipated, is estimated, is
More informationKnowledge Sharing at Phillips 66. Wiki Summer Intern Challenge
Knowledge Sharing at Phillips 66. Wiki Summer Intern Challenge APQC Annual Conference May 2, 2013 Houston, TX Cautionary Statement FOR THE PURPOSES OF THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES
More informationInvestor Update May NYSE: PSX CPChem s Cedar Bayou Ethane Cracker
Investor Update May 2018 NYSE: PSX www.phillips66.com CPChem s Cedar Bayou Ethane Cracker Cautionary Statement This presentation contains certain forward-looking statements. Words and phrases such as is
More informationFull year 2018 performance driven by continued strength in the Gulf of Mexico, capturing organic growth opportunities.
The Partnership reported $141.1 million of net income attributable to the partnership, $140.8 million of net cash provided by operating activities, $178.7 million of adjusted EBITDA attributable to the
More informationStrategy. Committed to safety, reliability and environmental stewardship while protecting shareholder value. Operating Excellence
Cautionary CAUTIONARY Statement STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
More informationInvestor Update First Quarter 2015
Investor Update First Quarter 2015 Execution Investor Update First Quarter 2015 NYSE: PSX www.phillips66.com Cautionary Statement This presentation contains certain forward-looking statements within the
More informationSECOND QUARTER Earnings Review
SECOND QUARTER 2014 Earnings Review 8/6/2014 Forward-Looking Statements Under the Private Securities Litigation Act of 1995 This document may contain or incorporate by reference forward-looking statements
More informationInvestor Presentation: UBS MLP Conference January 2016
Investor Presentation: UBS MLP Conference January 2016 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are forward looking statements
More informationFourth Quarter and Full Year 2017 Results MARCH 22, 2018
Fourth Quarter and Full Year 2017 Results MARCH 22, 2018 1 4Q & FULL YEAR 2017 RESULTS Brian Sullivan Vice President, Investor Relations 2 Cautionary Statement FORWARD LOOKING STATEMENTS This presentation
More informationTransMontaigne Announces Fourth Quarter and Full Year 2017 Results and the Filing of its 2017 Annual Report on Form 10-K
TransMontaigne Announces Fourth Quarter and Full Year 2017 Results and the Filing of its 2017 Annual Report on Form 10-K Acquired two terminal facilities on the U.S. West Coast with approximately 5 million
More informationInvestor Presentation: May 2016
Investor Presentation: May 2016 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are forward looking statements within the meaning of
More informationNovember 8, Third Quarter 2018 Results Earnings Conference Call
November 8, 2018 Third Quarter 2018 Results Earnings Conference Call Non-GAAP Financial Measures Third Quarter 2018 Results SemGroup s non-gaap measures, Adjusted EBITDA, Cash Available for Dividends (CAFD)
More informationABOUT SHELL MIDSTREAM PARTNERS, L.P.
Exhibit 99.1 The Partnership reported $110.7 million of net income attributable to the partnership, $104.2 million of net cash provided by operating activities, $155.2 million of adjusted EBITDA attributable
More informationFirst Quarter 2018 Results
BP Midstream Partners LP First Quarter 2018 Results MAY 10, 2018 Rip Zinsmeister CHIEF EXECUTIVE OFFICER Craig Coburn CHIEF FINANCIAL OFFICER 1 Cautionary statement FORWARD LOOKING STATEMENTS This presentation
More informationMay 9, First Quarter 2018 Results Earnings Conference Call
May 9, 2018 Earnings Conference Call Non-GAAP Financial Measures SemGroup s non-gaap measures, Adjusted EBITDA and Total Segment Profit, are not GAAP measures and are not intended to be used in lieu of
More information2018 Annual Meeting of Shareholders May 9, 2018 Houston, TX
2018 Annual Meeting of Shareholders May 9, 2018 Houston, TX NYSE: PSX www.phillips66.com CPChem s Cedar Bayou Ethane Cracker Cautionary Statement This presentation contains certain forward-looking statements.
More informationShell Midstream Partners, L.P. (SHLX) Q Results
Shell Midstream Partners, L.P. (SHLX) Q3 2018 Results November 2, 2018 Shell Midstream Partners 1 Definitions and Cautionary Note This presentation includes various forward-looking statements within the
More informationTRANSCRIPT 3Q 2018 EARNINGS CALL. PHILLIPS 66 PARTNERS (NYSE: PSXP) October 26, 2018 AT 2:00 pm ET
TRANSCRIPT 3Q 2018 EARNINGS CALL PHILLIPS 66 PARTNERS (NYSE: PSXP) October 26, 2018 AT 2:00 pm ET PHILLIPS 66 PARTNERS PARTICIPANTS Jeff Dietert, Vice President, Investor Relations Kevin Mitchell, Director,
More informationSemGroup Reports Improved Earnings for Second Quarter 2018
SemGroup Reports Improved Earnings for Second Quarter 2018 Tulsa, Okla. - August 8, 2018 - SemGroup Corporation (NYSE:SEMG) today reported second quarter 2018 net loss of $2.7 million, compared to net
More informationSHELL MIDSTREAM PARTNERS, L.P. (SHLX) Q RESULTS ANNOUNCEMENT
SHELL MIDSTREAM PARTNERS, L.P. (SHLX) Q1 2016 RESULTS ANNOUNCEMENT May 5, 2016 DEFINITIONS AND CAUTIONARY NOTE This presentation includes various forward-looking statements within the meaning of Section
More informationSemGroup Reports Financial Results for First Quarter 2018
SemGroup Reports Financial Results for First Quarter 2018 Tulsa, Okla. - May 8, 2018 - SemGroup Corporation (NYSE:SEMG) today reported first quarter 2018 net loss of $33 million, compared to net income
More informationProviding Energy, Improving Lives
Cautionary Statement This presentation contains forward-looking statements. Words and phrases such as is anticipated, is estimated, is expected, is planned, is scheduled, is targeted, believes, intends,
More informationTransMontaigne Announces First Quarter Results and Expansion
TransMontaigne Announces First Quarter Results and Expansion TransMontaigne will expand its Brownsville, Texas operations, supported by the execution of longterm, fee-based terminaling and pipeline agreements
More informationHolly Energy Partners, L.P. Reports Second Quarter Results
Holly Energy Partners, L.P. Reports Second Quarter Results August 1, 2018 DALLAS--(BUSINESS WIRE)--Aug. 1, 2018-- Holly Energy Partners, L.P. ( HEP or the Partnership ) (NYSE:HEP) today reported financial
More informationTransMontaigne Partners Announces Third Quarter 2017 Results
TransMontaigne Partners Announces Third Quarter 2017 Results Net earnings for the third quarter of 2017 totaled $11.0 million, compared to $11.9 million in the prior year third quarter Consolidated EBITDA
More informationAugust 9, Second Quarter 2018 Results Earnings Conference Call
August 9, 2018 Second Quarter 2018 Results Earnings Conference Call Non-GAAP Financial Measures Second Quarter 2018 Results SemGroup s non-gaap measures, Adjusted EBITDA, Cash Available for Dividends (CAFD)
More informationPHILLIPS 66 FORM 8-K. (Current report filing) Filed 01/30/13 for the Period Ending 01/30/13
PHILLIPS 66 FORM 8-K (Current report filing) Filed 01/30/13 for the Period Ending 01/30/13 Address 3010 BRIARPARK DRIVE HOUSTON, TX 77042 Telephone 281-293-6600 CIK 0001534701 Symbol PSX SIC Code 2911
More informationThird-Quarter 2017 Earnings Conference Call Presentation. October 26, 2017
Third-Quarter 2017 Earnings Conference Call Presentation October 26, 2017 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws
More informationSecond-Quarter 2017 Earnings Conference Call Presentation. July 27, 2017
Second-Quarter 2017 Earnings Conference Call Presentation July 27, 2017 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding
More informationNAPTP MLP Conference. Carlin Conner, CEO Bob Fitzgerald, CFO. May 22, 2014
NAPTP MLP Conference Carlin Conner, CEO Bob Fitzgerald, CFO May 22, 2014 Forward-looking Information Certain matters contained in this presentation include "forward-looking statements" within the meaning
More informationFORM 8-K. BP Midstream Partners LP
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event
More informationTarga Resources Partners LP and Targa Resources Corp. Report Third Quarter 2015 Financial Results
November 3, 2015 Targa Resources Partners LP and Targa Resources Corp. Report Third Quarter 2015 Financial Results HOUSTON, Nov. 03, 2015 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (NYSE:NGLS) ("Targa
More informationSecond-Quarter 2017 Earnings Conference Call and Webcast. as revised on August 3, 2017
Second-Quarter 2017 Earnings Conference Call and Webcast as revised on August 3, 2017 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities
More informationFINANCIAL HIGHLIGHTS ASSET HIGHLIGHTS. Significant Offshore Pipeline Transportation:
Exhibit 99.1 The Partnership reported $148.3 million of net income attributable to the partnership, $154.4 million of net cash provided by operating activities, $187.0 million of adjusted EBITDA attributable
More informationSecond Quarter 2016 Earnings Conference Call Presentation July 28, 2016
Second Quarter 2016 Earnings Conference Call Presentation July 28, 2016 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding
More informationInvestor Update November 2015
Investor Update November 2015 Investor Update November 2015 Cautionary CAUTIONARY Statement STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of
More informationChevron Reports Second Quarter Net Income of $3.4 Billion
FOR RELEASE AT 5:30 AM PDT JULY 27, 2018 Chevron Reports Second Quarter Net Income of $3.4 Billion Second quarter cash flow from operations $6.9 billion; $11.9 billion for six months Announces share repurchases,
More information2012 Wells Fargo Pipeline, MLP and Energy Symposium December 4, 2012
2012 Wells Fargo Pipeline, MLP and Energy Symposium December 4, 2012 Forward Looking Statements This presentation contains forward looking statements within the meaning of the federal securities laws.
More informationNews Release Inter Pipeline Announces Strong Second Quarter 2016 Financial and Operating Results
News Release Inter Pipeline Announces Strong Second Quarter 2016 Financial and Operating Results CALGARY, ALBERTA, AUGUST 4, 2016: Inter Pipeline Ltd. ( Inter Pipeline ) (TSX: IPL) announced today strong
More informationChevron Reports First Quarter Net Income of $3.6 Billion
FOR RELEASE AT 5:30 AM PDT APRIL 27, 2018 Chevron Reports First Quarter Net Income of $3.6 Billion San Ramon, Calif., April 27, 2018 Chevron Corporation (NYSE: CVX) today reported earnings of $3.6 billion
More informationFourth-Quarter 2017 Earnings Conference Call Presentation. February 1, 2018
Fourth-Quarter 2017 Earnings Conference Call Presentation February 1, 2018 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws
More informationFINANCIAL & OPERATIONAL GUIDANCE
2018 FINANCIAL & OPERATIONAL GUIDANCE February 6, 2018 FOCUS ON PEOPLE STRIVE FOR EXCELLENCE BE ETHICAL DELIVER RESULTS BE GOOD STEWARDS FORWARD-LOOKING STATEMENTS This presentation contains forward-looking
More informationInter Pipeline Announces Record 2014 Financial and Operating Results
News Release Inter Pipeline Announces Record 2014 Financial and Operating Results CALGARY, ALBERTA, FEBRUARY 19, 2015: Inter Pipeline Ltd. ( Inter Pipeline ) (TSX: IPL) announced today financial and operating
More informationTransMontaigne Announces Third Quarter Results
TransMontaigne Announces Third Quarter Results Achieved record levels of revenue, Consolidated EBITDA and distributable cash flow for the third quarter of 2018 Revenue for the third quarter of 2018 totaled
More informationenergy partners lp Investor Update June 2018
energy partners lp Investor Update June 2018 Disclaimers This presentation contains forward-looking statements made by Valero Energy Corporation ( VLO or Valero ) and Valero Energy Partners LP ( VLP or
More informationChevron Reports Second Quarter Net Income of $3.4 Billion
Chevron Reports Second Quarter Net Income of $3.4 Billion Second quarter cash flow from operations $6.9 billion; $11.9 billion for six months Announces share repurchases, targeted at $3 billion per year
More informationBP Midstream Partners LP 3Q 2018 Results
NOVEMBER 14, 2018 BP Midstream Partners LP 3Q 2018 Results Rip Zinsmeister Chief executive officer Craig Coburn Chief financial officer 3Q 2018 RESULTS 1 Cautionary statement FORWARDLOOKING STATEMENTS
More informationTransformation through Distinctive Performance Simmons Energy Conference. February 27, 2014
Transformation through Distinctive Performance Simmons Energy Conference February 27, 2014 Forward Looking Statements This Presentation includes forward looking statements within the meaning of the Private
More informationInvestor Presentation
Investor Presentation May 2016 Forward Looking Statements The following presentation contains forward-looking statements based on management s current expectations and beliefs, as well as a number of assumptions
More informationFourth quarter 2018 earnings conference call and webcast
Fourth quarter 2018 earnings conference call and webcast Mike Wirth Chairman and Chief Executive Officer Pat Yarrington Vice President and Chief Financial Officer Wayne Borduin General Manager, Investor
More informationSemGroup Corporation Announces Third Quarter 2017 Results
SemGroup Corporation Announces Third Quarter 2017 Results Management Executing on Strategic Plan Recently Added Gulf Coast Assets Contribute to Third Quarter Results Announced Dividend of $0.45 Per Share
More informationPBF Logistics LP (NYSE: PBFX)
PBF Logistics LP (NYSE: PBFX) UBS MLP One-on-One Conference January 2017 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Logistics LP ( PBFX ), PBF Energy Inc.
More informationHollyFrontier Corporation Reports Quarterly Net Income
November 5, 2014 HollyFrontier Corporation Reports Quarterly Net Income DALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier" or the "Company") today reported third quarter net
More informationINVESTOR PRESENTATION JANUARY 2018
INVESTOR PRESENTATION JANUARY 2018 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are forward-looking statements within the meaning
More informationSEMGROUP CORPORATION
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event
More informationTarga Resources Corp. Reports Third Quarter 2018 Financial Results and Provides Update on Growth Projects, Financing and Longer-Term Outlook
Targa Resources Corp. Reports Third Quarter 2018 Financial Results and Provides Update on Growth Projects, Financing and Longer-Term Outlook HOUSTON November 8, 2018 - Targa Resources Corp. (NYSE: TRGP)
More informationInvestor Presentation. January 4, 2017
Investor Presentation January 4, 2017 Forward-Looking Statements Cautionary Statement Regardng Forward-Looking Statements This presentation contains or incorporates by reference forward-looking statements
More informationChevron Reports Fourth Quarter Net Income of $3.7 Billion, Annual Earnings of $14.8 Billion
Chevron Reports Fourth Quarter Net Income of $3.7 Billion, Annual Earnings of $14.8 Billion Record annual net oil-equivalent production of 2.93 million barrels per day, 7 percent higher than a year earlier;
More informationInvestor Presentation. September 2016
Investor Presentation September 2016 1 Cautionary Statements This presentation contains forward-looking statements which are protected by the safe harbor provisions of the Private Securities Litigation
More informationShell Midstream Partners, L.P. (SHLX) Q Results
Shell Midstream Partners, L.P. (SHLX) Q1 2017 Results May 5, 2017 John Hollowell Chief Executive Officer Shell Midstream Partners 1 Definitions and Cautionary Note This presentation includes various forward-looking
More informationFIRST QUARTER 2018 REVIEW
INVESTOR RELATIONS Jon VandenBrand Director 832.636.1007 NYSE: WES, WGP WWW.WESTERNGAS.COM FIRST QUARTER 2018 REVIEW May 2, 2018 Cautionary Language Regarding Forward Looking Statements This presentation
More informationMartin Midstream Partners Reports 2018 Fourth Quarter Financial Results
Martin Midstream Partners Reports 2018 Fourth Quarter Financial Results February 13, 2019 Net income of $44.1 million for 2018 Adjusted Leverage Ratio 4.61x at 2018 Financial Guidance for 2019 KILGORE,
More informationINVESTOR PRESENTATION MAY 2018
INVESTOR PRESENTATION MAY 2018 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are forward-looking statements within the meaning of
More informationFourth-Quarter 2017 Earnings Conference Call and Webcast. February 1, 2018
Fourth-Quarter 2017 Earnings Conference Call and Webcast February 1, 2018 1 Forward Looking Statements This press release contains forward-looking statements within the meaning of federal securities laws
More informationTarga Resources Corp. Reports Fourth Quarter and Full Year 2018 Financial Results and Provides 2019 Operational and Financial Guidance
Targa Resources Corp. Logo Targa Resources Corp. Reports Fourth Quarter and Full Year 2018 Financial Results and Provides 2019 Operational and Financial Guidance February 20, 2019 HOUSTON, Feb. 20, 2019
More informationInter Pipeline Announces Strong First Quarter 2017 Financial and Operating Results. Net income for the quarter was a record $140 million
News Release Inter Pipeline Announces Strong First Quarter 2017 Financial and Operating Results CALGARY, ALBERTA, MAY 8, 2017: Inter Pipeline Ltd. ( Inter Pipeline ) (TSX: IPL) announced strong financial
More informationFebruary 27, Fourth Quarter and Full-Year 2018 Results Earnings Conference Call
February 27, 2019 Fourth Quarter and Full-Year 2018 Results Earnings Conference Call Non-GAAP Financial Measures SemGroup s non-gaap measures, Adjusted EBITDA, Cash Available for Dividends (CAFD) and Total
More informationChevron Reports First Quarter Net Income of $3.6 Billion
Chevron Reports First Quarter Net Income of $3.6 Billion San Ramon, Calif., April 27, 2018 Chevron Corporation (NYSE: CVX) today reported earnings of $3.6 billion ($1.90 per share diluted) for first quarter
More informationand First Quarter Highlights FFO for the Net income averaging 1,312,700 day (b/d) barrels per Completed JACOS- Pembina Pipeline on
Inter Pipeline Announces Strong First Quarter Operating Results News Release 2016 Financial and CALGARY, ALBERTA, MAY 9, 2016: Inter Pipeline Ltd. ( Inter Pipeline ) (TSX: IPL) announced today strong financial
More informationMay 24, 2018 MLP & Energy Conference
May 24, 2018 MLP & Energy Conference Carlin Conner, CEO Non-GAAP Financial Measures SemGroup s non-gaap measures, Adjusted EBITDA and Total Segment Profit, are not GAAP measures and are not intended to
More informationMay 24, 2018 MLP & Energy Conference
May 24, 2018 MLP & Energy Conference Carlin Conner, CEO Non-GAAP Financial Measures SemGroup s non-gaap measures, Adjusted EBITDA and Total Segment Profit, are not GAAP measures and are not intended to
More informationInter Pipeline Announces Record Second Quarter 2015 Financial Results
Inter Pipeline Announces Record Second Quarter 2015 Financial Results CALGARY, ALBERTA--(Marketwired - Aug. 6, 2015) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today record financial
More informationHolly Energy Partners, L.P.
Holly Energy Partners, L.P. Morgan Stanley Midstream MLP Corporate Access Event March 2014 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical
More informationMorgan Stanley Midstream MLP and Diversified Natural Gas Corporate Access Event. March 2014
Morgan Stanley Midstream MLP and Diversified Natural Gas Corporate Access Event March 2014 Forward-looking Information Certain matters contained in this presentation include "forward-looking statements"
More informationINVESTOR PRESENTATION DECEMBER 2018
INVESTOR PRESENTATION DECEMBER 2018 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are forward-looking statements within the meaning
More informationThird-Quarter 2018 Earnings. November 1, 2018
Third-Quarter 2018 Earnings November 1, 2018 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding Marathon Petroleum
More informationInter Pipeline Announces Second Quarter 2017 Financial and Operating Results
News Release Inter Pipeline Announces Second Quarter 2017 Financial and Operating Results CALGARY, ALBERTA, August 10, 2017: Inter Pipeline Ltd. ( Inter Pipeline ) (TSX: IPL) announced today financial
More informationTable of Contents Index to Financial Statements
2017 (Mark One) [X] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal
More information