Jefferies Global Energy Conference
|
|
- Jeremy Morris
- 5 years ago
- Views:
Transcription
1 Jefferies Global Energy Conference NYSE: WES, WGP
2 Western Gas Cautionary Language Re: Forward-Looking Statements This presentation contains forward-looking statements. Western Gas Partners, LP and Western Gas Equity Partners, LP believe that their expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this presentation. These factors include the ability to meet financial guidance or distribution-growth expectations; the ability to safely and efficiently operate WES s assets; the ability to obtain new sources of natural gas supplies; the effect of fluctuations in commodity prices and the demand for natural gas and related products; the ability to meet projected in-service dates for capital growth projects; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; the ability to close and realize the expected benefits from the Nuevo acquisition; and the other factors described in the Risk Factors section of WES s and WGP s most recent Forms 10-K filed with the Securities and Exchange Commission and in their other public filings and press releases. Western Gas Partners, LP and Western Gas Equity Partners, LP undertake no obligation to publicly update or revise any forward-looking statements. Please also see our earnings release, posted on our website at and the information provided at the end of this presentation for reconciliations of the differences between any non- GAAP financial measures used in this presentation and the most directly comparable GAAP financial measures. 2
3 APC WES WGP Relationships 1 WGP Public Unitholders 88.0% 12.0% 0.6% LP Interest 38.2% LP -and- 2.0% GP Interest 59.2% Note: 1. As of November 4,
4 2008: WES IPO Powder River Uintah Hugoton Demand Charge 15% ADJUSTED GROSS MARGIN 1-2Q08- Delaware Basin Bossier Cost of Service 85% Dry Gas Basin Dry Gas Pipelines Note: 1. Adjusted gross margin as defined in the third-quarter 2014 earnings release 4
5 : Growth Through Acquisitions 8/2012 $135MM Chipeta 24% 1/2010 $254MM Granger 7/2009 $107MM Chipeta 51% 12/2008 $210MM PRB 7/2011 $130MM Bison 8/2010 $498MM Watt GGS 2/2011 $302MM Platte Valley 9/2010 $38MM White Cliffs 10% Dropdown 3 rd Party Acquisition 5
6 : Adding Organic Capex Step Change in Capital Expenditures ($MM) E 2 Notes: 1. As reported 2. Per 2014 guidance estimates provided on October 28, 2014; includes $36MM of equity investments 6
7 While Continuing to Make Acquisitions 8/2013 $28MM OTTCO 3/2013 $490MM Marcellus 3/2013 $134MM CHK Marc 1/2012 $483MM Red Desert Dropdown 10/2014 $1.5 Billion Nuevo Midstream 3/2014 $375MM Texas Express & Front Range 6/2013 $120MM MB Fracs 7&8 25% 3 rd Party Acquisition 7
8 2014: $1.5B Nuevo Midstream Acquisition Delaware Basin JV (50% APC Interest) Haley Gathering (100% WES Interest) APC Acreage Lone Creek Oil Gathering (100% APC Interest) Bone Spring Plant (33.33% APC Interest) 8
9 2014: $1.5B Nuevo Midstream Acquisition Nuevo Midstream, LLC Delaware Basin JV (50% APC Interest) Ramsey Processing Complex Haley Gathering (100% WES Interest) APC Acreage Lone Creek Oil Gathering (100% APC Interest) Bone Spring Plant (33.33% APC Interest) 9
10 WES Today Powder River Marcellus Uintah Greater Green River Basin Niobrara DJ Basin 11% Hugoton 15% ADJUSTED GROSS MARGIN 1-3Q14- Delaware Basin Bossier 74% Liquids-Rich Gas Marcellus Dry Gas (cost of service) Non-Marcellus Dry Gas (cost of service / demand charge) Maverick Eagleford Dry Gas Basin Liquids-Rich Basin Pipelines Note: 1. Adjusted gross margin as defined in the third-quarter 2014 earnings release; does not include pro forma financial data from Nuevo Midstream acquisition 10
11 Future Growth: Robust Capital Projects Estimated 2014 Capital and Equity Investments: $670 - $720MM Other 10% Equity Investments 9% Marcellus 13% Powder River 8% DJ Basin 60% Note: 1. Per 2014 guidance estimates provided on October 28, 2014; excludes acquisition capital 11
12 Future Growth: APC Midstream Inventory AT WES IPO (May 2008) TODAY Marcellus Wind River Rendezvous Granger Complex Powder River Complex Ft. Union Powder River Gathering Natural Buttes Atlantic Rim San Juan Red Desert Complex Wattenberg ~$2.7 Billion Natural Buttes DJ Basin Oil Gath Wattenberg Plant Satanta Plant Mitchell / Gomez Sabine Valley Tyler County of Dropdowns Later Bone Spring Plant DBJV Gas Lone Creek Oil Alta Haynesville Sabine Valley APC Midstream Assets At WES IPO Maverick Oil & Gas Since WES IPO APC has invested ~$2 Billion in midstream over past 3 years 12
13 Future Growth: APC Equity Interests White Cliffs Front Range Pipeline 33 1 / 3 % Interest Acquired Mar 2014 Texas Express Gathering 20% Interest Acquired Mar % Interest Acquired Sept 2010 Skellytown Satanta Plant (APC) 49% Interest Acquired Jan 2011 Cushing, OK Texas Express Pipeline 20% Interest Saddlehorn Pipeline (APC) Option to Acquire Interest Acquired March 2014 Bone Spring Plant (APC) 33 1 / 3 % Interest Acquired Dec 2011 MiVida Plant (APC) 50% Interest Acquired Oct 2014 Mt Belvieu MB Fracs 7&8 25% Interest Acquired June 2013 APC Asset WES Asset 13
14 Commodity Risk Management Anadarko has retained commodity-price risk related to dropdown assets 100% Fee-Based & Fixed-Price ADJUSTED GROSS MARGIN 1 Note: 1. Last Twelve Months ending 9/30/2014; adjusted gross margin as defined in the third-quarter 2014 earnings release 14
15 Volumetric Risk Management Bison MIGC OTTCO Ft. Union Chipeta Front Range Lancaster White Cliffs Demand Charges in Non-Marcellus Dry Gas Areas MIGC, Bison, Ft. Union Non-Marcellus Dry Gas Throughput Covered by Demand Charge (MMcf/d) 510 Demand Charge Cost of Service TXEP TXEG Total Non-Marcellus Dry Gas Throughput (MMcf/d) % of Non-Marcellus Dry Gas Throughput Covered by Demand Charge % *As of September 30, 2014 Brasada Dry Gas Basin Pipelines 15
16 ($/unit) ($MM) (MMcf/d) ($Billions) WES Legacy Performance 1 3,500 3,000 2,500 2,000 1,500 1, , Throughput 1, , , , Annual Distributions E Note: 1) As reported 2) Dated as of FQE 9/30/2014 3) Per guidance estimates provided on October 28, Enterprise Value As of FYE 12/ /30/20142 Adjusted EBITDA E 16
17 (%) (%) WES/WGP Outlook 2014 Outlook 1 Adjusted EBITDA Total CAPEX $625MM - $650MM Maintenance CAPEX 3 7% - 10% $670MM - $720MM Distribution Growth No less than 16% in 2014; 15% in 2015 WES (50) May-08 Dec-09 Aug-11 Apr-13 Nov-14 Unit Price Performance Since IPO 190 WGP Distribution Growth No less than 36% in 2014 WGP Notes: 1. Reflects guidance estimates provided on October 28, Includes equity investments; excludes acquisition capital 3. As a % of Adjusted EBITDA (10) Dec-12 Jun-13 Dec-13 May-14 WGP Alerian MLP Index Nov-14 17
18 APPENDIX 18
19 Non-GAAP Adjusted EBITDA Reconciliation 1 Year Ended December 31, (in thousands) Reconciliation of net income (loss) attributable to Western Gas Partners, LP to Adjusted EBITDA Net Income (loss) attributable to Western Gas Partners, LP 77, , , , ,136 Add: Distributions from equity investees 5,487 5,935 10,612 20,660 22,136 Non-cash equity-based compensation expense (2) 3,580 4,787 13,754 73,508 3,575 Expenses in excess of Omnibus Cap Interest expense 9,955 18,794 31,559 42,060 51,797 Income tax expense 12 10,572 2,161 1,258 4,431 Depreciation, amortization and impairments (2) 37,858 69,972 85, , ,375 Other expense (3) - 2,126 3,683 1, Less: Equity income, net 6,982 6,640 10,091 16,111 23,732 Interest income, net - affiliates 16,900 16,913 16,900 16,900 16,900 Other income (3)(4) 37-2, Income tax benefit (2) ,801 Adjusted EBITDA 111, , , , ,773 Notes: (1) As reported (2) Includes $56.2 million and $69.8 million of equity-based compensation associated with the Western Gas Holdings, LLC Equity Incentive Plan, as amended and restated, paid and contributed by Anadarko during the three months and year ended December 31, 2012, respectively. (3) Includes WES s 51% share prior to August 1, 2012, and its 75% share after August 1, 2012, of depreciation, amortization and impairments; other expense; and other income attributable to Chipeta. (4) Excludes income of $0.4 million for each of the three months ended December 31, 2013 and 2012, and $1.6 million for each of the years ended December 31, 2013 and 2012, related to a component of a gas processing agreement accounted for as a capital lease. 19
20 20
INVESTOR BOOK NYSE: WES, WGP
INVESTOR BOOK NYSE: WES, WGP www.westerngas.com1 Western Gas Cautionary Language Re: Forward-Looking Statements This presentation contains forward-looking statements. Western Gas Partners, LP and Western
More informationWELLS FARGO PIPELINE, MLP & UTILITY SYMPOSIUM
W E S T E R N G A S I N V E S T O R R E L A T I O N S JON VANDENBRAND Director, Investor Relations (832) 636-1007 WELLS FARGO PIPELINE, MLP & UTILITY SYMPOSIUM December 6, 2016 Benjamin M. Fink Senior
More informationNYSE: WES, WGP
NYSE: WES, WGP Western Gas Cautionary Language Re: Forward-Looking Statements This presentation contains forward-looking statements. Western Gas Partners, LP and Western Gas Equity Partners, LP believe
More informationGHS 100 Energy Conference. June 2012
GHS 100 Energy Conference June 2012 Cautionary Language Re: Forward-Looking Statements This presentation contains forward-looking statements. Western Gas Partners, LP believes that its expectations are
More informationFOURTH QUARTER AND FULL YEAR 2016 REVIEW
I N V E S T O R R E L A T I O N S JON VANDENBRAND Director, Investor Relations (832) 636-1007 FOURTH QUARTER AND FULL YEAR 2016 REVIEW February 23, 2017 Cautionary Language Regarding Forward Looking Statements
More informationFOURTH QUARTER AND FULL YEAR 2017 REVIEW
INVESTOR RELATIONS Jon VandenBrand Director 832.636.1007 N Y S E : W E S, W G P W W W. W E S T E R N G A S. C O M FOURTH QUARTER AND FULL YEAR 2017 REVIEW February 16, 2018 Cautionary Language Regarding
More information2018 SCOTIA HOWARD WEIL ENERGY CONFERENCE
INVESTOR RELATIONS Jon VandenBrand Director 832.636.1007 NYSE: WES, WGP WWW.WESTERNGAS.COM 2018 SCOTIA HOWARD WEIL ENERGY CONFERENCE Benjamin Fink President & CEO March 27, 2018 Cautionary Language Regarding
More information2017 WELLS FARGO SECURITIES PIPELINE, MLP, & UTILITY SYMPOSIUM
INVESTOR RELATIONS Jon VandenBrand Director 832.636.1007 N Y S E : W E S, W G P W W W. W E S T E R N G A S. C O M 2017 WELLS FARGO SECURITIES PIPELINE, MLP, & UTILITY SYMPOSIUM Benjamin Fink President
More informationBERNSTEIN STRATEGIC DECISIONS CONFERENCE
INVESTOR RELATIONS Jon VandenBrand Director 832.636.1007 N Y S E : W E S, W G P W W W. W E S T E R N G A S. C O M BERNSTEIN STRATEGIC DECISIONS CONFERENCE Benjamin Fink President & CEO May 30, 2018 Cautionary
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 informationFOURTH QUARTER AND FULL-YEAR 2018 REVIEW
NYSE: WES NYSE: WGP westerngas.com INVESTOR RELATIONS JACK SPINKS Manager, Investor Relations 832 636 3738 FOURTH QUARTER AND FULL-YEAR 2018 REVIEW February 15, 2019 Cautionary Language Regarding Forward
More information2017 MLPA Investor Conference
2017 MLPA Investor Conference May 31 June 2, 2017 2 Forward Looking Statements and Non-GAAP Measures This presentation contains certain forward-looking statements within the meaning of the federal securities
More informationInvestor Presentation
Investor Presentation September 2017 2 Noble Midstream Partners LP Overview Partnership Overview Premier E&P Sponsorship Noble Midstream Partners LP ( NBLX ) is a midstream MLP formed by sponsor, Noble
More information2012 Wells Fargo Securities Research & Economics 11 th Annual Pipeline, MLP and Energy. Symposium
2012 Wells Fargo Securities Research & Economics 11 th Annual Pipeline, MLP and Energy Symposium December 4-5, 2012 Forward-Looking Statements Under the Private Securities Litigation Act of 1995 This document
More informationCapital Link Master Limited Partnership Investing Forum
Capital Link Master Limited Partnership Investing Forum March 2, 2017 2 Forward Looking Statements and Non-GAAP Measures This presentation contains certain forward-looking statements within the meaning
More information2014 MASTER LIMITED PARTNERSHIP INVESTOR CONFERENCE MAY 22, 2014
2014 MASTER LIMITED PARTNERSHIP INVESTOR CONFERENCE MAY 22, 2014 FORWARD-LOOKING STATEMENTS Certain statements and information in this presentation may constitute forward-looking statements. The words
More informationFirst Quarter Earnings Call
First Quarter Earnings Call May 2017 2 Forward Looking Statements and Non-GAAP Measures This presentation contains certain forward-looking statements within the meaning of the federal securities law. Words
More informationPTXP Investment Highlights
Disclaimer Forward-Looking Statements This presentation includes forward-looking statements. Forward-looking statements give our current expectations, contain projections of results of operations or of
More informationRBC Capital Markets MLP Conference
RBC Capital Markets MLP Conference November 18, 2015 Strong. Innovative. Growing. 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities
More informationMorgan Keegan MLP Conference May 18 th, 2010
Morgan Keegan MLP Conference May 18 th, 2010 1 Forward Looking Statements This presentation contains forward looking statements within the meaning of the federal securities laws. Forward looking statements
More informationFourth Quarter Earnings Call
Fourth Quarter Earnings Call February 2018 Fourth Quarter and Full Year 2017 Results 2018 Guidance Extended and Enhanced Long-Term Outlook 2 Forward Looking Statements and Non-GAAP Measures This presentation
More informationInvestor Presentation December 2013
Investor Presentation December 2013 CAUTIONARY STATEMENTS & NON-GAAP MEASURES This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
More informationWells Fargo Pipeline, MLP and Utility Symposium
Wells Fargo Pipeline, MLP and Utility Symposium December 6 & 7, 2016 2 Forward Looking Statements and Non-GAAP Measures This presentation contains certain forward-looking statements within the meaning
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 information2015 Jefferies Energy Conference Pete Bowden Global Head of Midstream Energy Investment Banking November Jefferies LLC Member SIPC
2015 Jefferies Energy Conference Pete Bowden Global Head of Midstream Energy Investment Banking November 2015 Jefferies LLC Member SIPC Current Macro Environment 1 Production / Consumption (MMBbl/d) Stock
More informationUSA Compression Partners, LP Jefferies Global Energy Conference 2013 November 13, 2013
USA Compression Partners, LP Jefferies Global Energy Conference 2013 November 13, 2013 Disclaimers This presentation contains forward-looking statements relating to the Partnership s operations that are
More informationTarga Resources Corp. (NYSE:TRGP)
Targa Resources Corp. (NYSE:TRGP) Investor Presentation March 2015 Forward Looking Statements Certain statements in this presentation are "forward-looking statements" within the meaning of Section 27A
More informationCiti One-On-One MLP / Midstream Infrastructure Conference. August 20, 2014 Strong. Innovative. Growing.
Citi One-On-One MLP / Midstream Infrastructure Conference August 20, 2014 Strong. Innovative. Growing. 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning
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 informationFirst Quarter 2018 Supplemental Presentation
First Quarter 2018 Supplemental Presentation Forward-Looking Statements and Risk Factors Statements made in this presentation that are not historical facts are forward-looking statements. These statements
More informationGoldman Sachs Power, Utilities, MLP & Pipeline Conference. August 11, 2015 Strong. Innovative. Growing.
Goldman Sachs Power, Utilities, MLP & Pipeline Conference August 11, 2015 Strong. Innovative. Growing. 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning
More informationEQM & EQGP Investor Presentation
EQM & EQGP Investor Presentation July 2015 Cautionary Statements Disclosures in this presentation contain certain forward-looking statements. Statements that do not relate strictly to historical or current
More informationWilliams and Williams Partners 2 nd Quarter Earnings Call August 2, 2018
WE MAKE ENERGY HAPPEN NYSE: WMB NYSE: WPZ williams.com Williams and Williams Partners 2 nd Quarter Earnings Call August 2, 2018 ATLANTIC SUNRISE CONSTRUCTION Transco Pipeline, Pennsylvania ATLANTIC SUNRISE
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 informationInvestor Presentation. Third Quarter 2015
Investor Presentation Third Quarter 2015 Forward-looking Information Certain matters contained in this presentation include "forward-looking statements" within the meaning of Section 27A of the Securities
More informationCHESAPEAKE MIDSTREAM PARTNERS MARCELLUS ACQUISITION
CHESAPEAKE MIDSTREAM PARTNERS MARCELLUS ACQUISITION DECEMBER 2011 ACCESSING THE GROWTH PLATFORM! Best in Class Midstream Business Model Differentiated Growth Platform Marcellus Acquisition Transaction
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 informationChesapeake Midstream Partners Springridge Acquisition December 2010
Chesapeake Midstream Partners Springridge Acquisition December 2010 NYSE: CHKM www.chkm.com Best in Class MLP Gets Better! Best in Class Midstream Business Model Differentiated Growth Platform Haynesville
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 informationJames C. Yardley. President & Chief Executive Officer El Paso Pipeline GP Company, L.L.C. IPAA MLP Conference
James C. Yardley President & Chief Executive Officer El Paso Pipeline GP Company, L.L.C. IPAA MLP Conference January 17, 2008 Forward Looking Statements This release includes forward-looking statements
More informationWells Fargo Securities 12 th Annual Energy Symposium
Wells Fargo Securities 12 th Annual Energy Symposium December 2013 Forward-Looking Statements Under the Private Securities Litigation Act of 1995 This document may contain or incorporate by reference forward-looking
More informationENERGY TRANSFER EQUITY, L.P.
ENERGY TRANSFER EQUITY L.P. Credit Suisse Conference June 23 2015 Jamie Welch Group CFO DISCLAIMER This presentation relates to a presentation the management of Energy Transfer Equity L.P. (ETE) will give
More informationRBC Capital Markets 2013 MLP Conference
RBC Capital Markets 2013 MLP Conference November 21, 2013 RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE. 1 Forward-Looking Statements & Non-GAAP Financial Information This presentation contains forward
More informationShell Midstream Partners, L.P. (SHLX) Morgan Stanley Presentation. Shell Midstream Partners
Shell Midstream Partners, L.P. (SHLX) Morgan Stanley Presentation Shell Midstream Partners 1 Definitions and Cautionary Note This presentation includes various forward-looking statements within the meaning
More informationPTXP Update: Operations and Events
Investor Presentation August 2016 Disclaimer Forward-Looking Statements This presentation includes forward-looking statements. Forward-looking statements give our current expectations, contain projections
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 informationWells Fargo Pipeline, MLP & Energy Symposium
Wells Fargo Pipeline, MLP & Energy Symposium Barry E. Davis President & Chief Executive Officer December 11, 2013 RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE. 1 Forward-Looking Statements & Non-GAAP
More informationUBS MLP One-on-One Conference. January 2014
UBS MLP One-on-One Conference January 2014 Forward-looking Information Certain matters contained in this presentation include "forward-looking statements" within the meaning of Section 27A of the Securities
More information2018 Update and 2019 Outlook
PEOPLE PROCESS TECHNOLOGY 2018 Update and 2019 Outlook February 12, 2019 Earnings Call Forward-Looking Statements Under the Private Securities Litigation Reform Act of 1995 This document may contain or
More informationSecond Quarter 2018 Update
PEOPLE PROCESS TECHNOLOGY Second Quarter 2018 Update August 8, 2018 Earnings Call Forward-Looking Statements Under the Private Securities Litigation Act of 1995 This document may contain or incorporate
More informationJefferies Global Energy Conference 2012 Alan Armstrong, Chief Executive Officer November 29, 2012
Jefferies Global Energy Conference 2012 Alan Armstrong, Chief Executive Officer November 29, 2012 Forward-looking statements The reports, filings, and other public announcements of The Williams Companies,
More informationInvestor Presentation. December 2016
Investor Presentation December 2016 Forward-Looking Statements Under the Private Securities Litigation Act of 1995 This document may contain or incorporate by reference forward-looking statements as defined
More informationCHESAPEAKE MIDSTREAM DEVELOPMENT ACQUISITION DECEMBER 11, 2012
CHESAPEAKE MIDSTREAM DEVELOPMENT ACQUISITION DECEMBER 11, 2012 TRANSACTION OVERVIEW ACMP Acquisition of CHK Midstream Assets (CMD) ACMP to acquire a substantial majority of Chesapeake Energy s remaining
More informationForward Looking Statements
RBC Capital Markets MLP Conference November 16, 2006 Forward Looking Statements NASDAQ: RGNC This presentation may contain statements about future events and Regency Energy Partners LP s ( Regency, the
More informationEQM & EQGP Investor Presentation
EQM & EQGP Investor Presentation October 2015 Cautionary Statements Disclosures in this presentation contain certain forward-looking statements. Statements that do not relate strictly to historical or
More informationEnable Midstream Partners, LP
Enable Midstream Partners, LP Third Quarter 2014 Conference Call November 4, 2014 Forward-looking Statements This presentation and the oral statements made in connection herewith may contain forward-looking
More informationRice Midstream Partners First Quarter 2016 Supplemental Slides May 4,
Rice Midstream Partners First Quarter 2016 Supplemental Slides May 4, 2016 1 www.ricemidstream.com RMP: High Growth MLP in Prolific Appalachian Basin TOP-TIER GROWTH DRIVEN BY ACTIVE CUSTOMERS Strategically
More informationTall Oak Midstream Acquisition December 7, 2015
Tall Oak Midstream Acquisition December 7, 2015 Strong. Innovative. Growing. Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities
More informationExpected Closing. Strategic Rationale
Azure Midstream Energy, LLC to Acquire Marlin Midstream Partners, LP s General Partner and Azure to Contribute Legacy Gathering System for $162.5 Million to Marlin, Forming ~$500 Million Midstream Partnership
More informationNAPTP Annual MLP Investor Conference NASDAQ: CPNO. May 12, 2010
NAPTP Annual MLP Investor Conference NASDAQ: CPNO May 12, 2010 Disclaimer Statements made by representatives of Copano Energy, L.L.C. ( Copano ) during this presentation will include forward-looking statements,
More information2017 MLPA. Master Limited Partnership Investor Conference
2017 MLPA Master Limited Partnership Investor Conference MAY 31 June 1, 2017 Forward-Looking Statements Statements contained in this presentation other than statements of historical fact are forward-looking
More informationInvestor Presentation August 2015
Investor Presentation August 2015 Disclaimer Forward-Looking Statements This presentation includes forward-looking statements. Forward-looking statements give our current expectations, contain projections
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 informationUBS MLP One-on-One Conference
UBS MLP One-on-One Conference January 12-13 Park City, UT Forward-looking Information Certain matters contained in this presentation include "forward-looking statements" within the meaning of Section 27A
More information2012 Louisiana Energy Conference
2012 Louisiana Energy Conference June 28, 2012 Forward-Looking Statements and Risk Factors Statements made in these presentation slides and by representatives of Linn Energy, LLC during the course of this
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 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 informationRockies: Predictable Liquids Growth in Premier Basins
MBOE/d Percent Liquids Rockies: Predictable Liquids Growth in Premier Basins Concentrated Acreage Positions Advantaged by Mineral Ownership ~9 MM Net Acres ~8 MM Mineral Fee Acres Powder River 25,+ Identified
More informationUtica Midstream Summit MarkWest Update. April 4, 2018
Utica Midstream Summit MarkWest Update April 4, 2018 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding MPLX LP ( MPLX
More informationThird Quarter 2018 Earnings Call
PEOPLE PROCESS TECHNOLOGY Third Quarter 2018 Earnings Call November 6, 2018 Forward-Looking Statements Under the Private Securities Litigation Reform Act of 1995 This document may contain or incorporate
More informationTULSA MLP CONFERENCE. Tulsa, OK November 15, 2016
TULSA MLP CONFERENCE Tulsa, OK November 15, 2016 DEREK REINERS Senior Vice President, Chief Financial Officer and Treasurer Page 2 FORWARD-LOOKING STATEMENTS Statements contained in this presentation that
More informationCredit Suisse 2013 Energy Summit
A N A D A R K O P E T R O L E U M C O R P O R A T I O N INVESTOR RELATIONS CONTACT: John Colglazier Vice President 832/636-2306 Credit Suisse 2013 Energy Summit Bob Daniels SVP, International & Deepwater
More informationNEWS ANADARKO ANNOUNCES 2011 CAPITAL PROGRAM AND GUIDANCE, AND REAFFIRMS FIVE-YEAR PLAN
NEWS ANADARKO ANNOUNCES 2011 CAPITAL PROGRAM AND GUIDANCE, AND REAFFIRMS FIVE-YEAR PLAN HOUSTON, Feb. 24, 2011 Anadarko Petroleum Corporation (NYSE: APC) today announced its 2011 capital program and guidance,
More informationANADARKO ANNOUNCES 2017 FOURTH-QUARTER AND FULL-YEAR RESULTS
NEWS ANADARKO ANNOUNCES 2017 FOURTH-QUARTER AND FULL-YEAR RESULTS UPDATES 2018 CAPITAL PROGRAM AND SALES-VOLUME GUIDANCE HOUSTON, Feb. 6, 2018 (NYSE: APC) today announced 2017 fourth-quarter results, reporting
More informationNEWS ANADARKO ANNOUNCES FIRST-QUARTER 2007 EARNINGS
NEWS ANADARKO ANNOUNCES FIRST-QUARTER 2007 EARNINGS HOUSTON, April 30, 2007 (NYSE: APC) today announced first-quarter 2007 net income available to common shareholders totaled $104 million, or $.23 per
More informationCopano Energy. Memphis, TN
Morgan Keegan 2008 Equity Conference Memphis, TN NASDAQ: CPNO September 5, 2008 Disclaimer Statements made by representatives of, L.L.C. (the Company ) during this presentation may constitute forward-looking
More informationEarnings Results. Fourth Quarter January 31, 2018
Earnings Results Fourth Quarter 2018 January 31, 2018 Cautionary Language Risk Factors. This presentation, including the oral statements made in connection herewith, contains forward-looking statements
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 informationMAY 6, 2014 INVESTOR PRESENTATION WPX STRATEGIC ALLIANCE OVERVIEW
MAY 6, 2014 INVESTOR PRESENTATION WPX STRATEGIC ALLIANCE OVERVIEW Forward-Looking Statements Statements made by representatives of Legacy Reserves LP (the Partnership ) during the course of this presentation
More informationInvestor Handout December 2018
Investor Handout December 2018 2 Forward Looking Statements This presentation contains certain forward-looking statements within the meaning of federal securities law. Words such as anticipates, believes,
More informationWells Fargo 8th Annual Pipeline and MLP Symposium. December 8 th, 2009 Bill Davis, Chief Financial Officer
Wells Fargo 8th Annual Pipeline and MLP Symposium December 8 th, 2009 Bill Davis, Chief Financial Officer 1 Forward Looking Statements This presentation contains forward looking statements within the meaning
More information2017 Citi. One-on-One MLP / Midstream Infrastructure Conference
2017 Citi One-on-One MLP / Midstream Infrastructure Conference Aug 16 17, 2017 Forward-Looking Statements Statements contained in this presentation other than statements of historical fact are forward-looking
More informationCredit Suisse MLP & Energy Logistics Conference
Credit Suisse MLP & Energy Logistics Conference June 23, 2015 Strong. Innovative. Growing. 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal
More informationCiti MLP / Midstream Infrastructure Conference. Las Vegas Aug. 2016
Citi MLP / Midstream Infrastructure Conference Las Vegas Aug. 2016 1 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law. Although management
More informationSimplification Overview and
Simplification Overview and Q1 Presentation 2015 Financial Title & Operating Results Presentation Subtitle 5/5/2015 May 6, 2015 Crestwood Midstream Partners LP Crestwood Equity Partners LP Forward-Looking
More informationEnable Midstream Partners, LP
Enable Midstream Partners, LP Fourth Quarter 2016 Conference Call February 21, 2017 Forward-looking Statements This presentation and the oral statements made in connection herewith may contain forward-looking
More informationEQM & EQGP Investor Presentation
EQM & EQGP Investor Presentation January 2016 Cautionary Statements Disclosures in this presentation contain certain forward-looking statements. Statements that do not relate strictly to historical or
More informationSecond Quarter 2016 Earnings Call Presentation August 3, 2016
Second Quarter 216 Earnings Call Presentation August 3, 216 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. All statements, other than statements of historical facts,
More informationUSA Compression Partners, LP Jefferies 2015 Global Energy Conference November 12, 2015
USA Compression Partners, LP Jefferies 2015 Global Energy Conference November 12, 2015 Disclaimers This presentation contains forward-looking statements relating to the Partnership s operations that are
More informationCredit Suisse Vertical Tour
Credit Suisse Vertical Tour November 8, 2012 www.enterpriseproducts.com Lynn Bourdon Group SVP All rights reserved. Enterprise Products Partners L.P. Forward Looking Statements This presentation contains
More informationNatural Gas Liquids Update: Leading Position & Strong Fundamentals
1 Natural Gas Liquids Update: Leading Position & Strong Fundamentals Cautionary Statement This presentation includes "forward-looking statements". Such forward-looking statements are subject to a number
More informationENERGY TRANSFER EQUITY
ENERGY TRANSFER EQUITY Credit Suisse MLP & Energy Logistics Conference June 10 th 2014 Jamie Welch Group CFO LEGAL DISCLAIMER This presentation relates to a meeting among members of management of Energy
More informationDelek US Holdings, Inc./ Delek Logistics Partners, LP Wells Fargo Energy Symposium December 2013
Delek US Holdings, Inc./ Delek Logistics Partners, LP Wells Fargo Energy Symposium December 2013 Safe Harbor Provision Delek US Holdings and Delek Logistics Partners, LP are traded on the New York Stock
More informationEnable Midstream Partners, LP
Enable Midstream Partners, LP Fourth Quarter 2014 Conference Call February 18, 2015 Forward-looking Statements This presentation and the oral statements made in connection herewith may contain forward-looking
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 informationEnerCom s The Oil & Gas Conference. August 15, 2012
EnerCom s The Oil & Gas Conference August 15, 2012 Overview of Operations 16 Bakken Tulsa based company founded in 1963 with long history of operations in the Mid-Continent Integrated approach to business
More informationAbraxas Petroleum. Corporate Update. April Raven Rig #1; McKenzie County, ND
Abraxas Petroleum Corporate Update April 2018 Raven Rig #1; McKenzie County, ND Forward Looking Statements The information presented herein may contain predictions,estimates and other forward looking statements
More informationRegency Energy Partners LP NAPTP MLP Investor Conference May 22, 2013
Regency Energy Partners LP NAPTP MLP Investor Conference May 22, 2013 Forward Looking Statements and Other Disclaimers This presentation includes forward looking statements. Forward looking statements
More informationAppendix INVESTOR RELATIONS. NYSE: APC John Colglazier Senior Vice President 832/ Jeremy Smith Director 832/
INVESTOR RELATIONS John Colglazier Senior Vice President 832/636-2306 Jeremy Smith Director 832/636-1544 DELAWARE BASIN, TEXAS Appendix WES & WGP: ~$11 Billion Value for Anadarko Anticipate Periodic Transactions
More information