TransMontaigne Partners L.P. (NYSE TLP) Wells Fargo Energy Symposium December 9 th and 10 th, 2014
|
|
- Beryl Mosley
- 5 years ago
- Views:
Transcription
1 TransMontaigne Partners L.P. (NYSE TLP) Wells Fargo Energy Symposium December 9 th and 10 th, 2014
2 Forward Looking Statements All statements, other than statements of historical facts, contained herein and made by representatives of TransMontaigne Partners L.P. during this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of Forward-looking statements address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future. These forwardlooking statements are based on certain assumptions made by the Partnership based on management s experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Any forward-looking statements contained herein or made by representatives of the Partnership during this presentation are subject to risks and uncertainties, many of which are beyond the Partnership s ability to control or predict. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, then the Partnership s actual results may differ materially from those implied or expressed by the forward-looking statements. Important factors that could cause actual results to differ materially from management s expectations are detailed in the Partnership s filings with the Securities and Exchange Commission. As a result of these risks and uncertainties, investors should not place undue reliance on forward-looking statements. The Partnership undertakes no obligation to update any forward-looking statements, whether as a result of new information or future events. 2
3 Overview of TLP s Business Primary operating regions: US Gulf Coast; Southeast; Midwest; Houston and Brownsville, Texas; and along the Mississippi and Ohio Rivers. Controlled by NGL Energy Partners LP and its wholly-owned subsidiary TransMontaigne Inc. ( TMG ). Publicly traded master limited partnership providing refined petroleum products terminaling and transportation services. Products Handled Key Partnership Metrics ($ in millions) NYSE: TLP Market Cap 1 : $570.0 TTM Revenue 9/30/2014: $153.3 TTM EBITDA 9/30/2014: $74.9 9/30/2014 Leverage: 3.37x (1) As of 12/02/2014. L.P. units only. Revenue by Region Light Refined Products Heavy Refined Products Gasoline Diesel Fuel Jet Fuel Heating Oil Crude Oil Chemicals Residual Fuel Oil Asphalt Fertilizers Other Liquid Products Nine Months Ended 9/30/14 Gulf Coast Midwest Brownsville River Southeast 35% 6% 13% 8% 38% 3
4 Area of Operations 4
5 Business Highlights Stable, fee-based cash flows from terminaling services agreements. Term contracts with customers. No material direct commodity price risk. Current size results in significant accretion potential from relatively small acquisitions and expansion projects. Experienced management team. 5
6 Key Customer Relationships U.S. Government 6
7 Terminal Capacity 32,000,000 30,000,000 Active Shell Capacity (Barrels) 30,622,000 30,622,000 28,000,000 26,000,000 24,000,000 23,668,000 22,000,000 21,760,000 22,354, ,000, Q3 2014
8 Re-contracting / Customer Diversification TLP has made significant progress in diversifying its customer base in the short time since the completion of Morgan Stanley s sale of the general partner on July 1, Morgan Stanley represented 62% of our revenue on June 30, Today, Morgan Stanley represents only 13% of our revenues, primarily at our Collins/Purvis bulk storage terminal. Much of the capacity that NGL assumed from Morgan Stanley has been recontracted to third-parties. With additional growth opportunities anticipated for 2015, our customer base should continue to diversify. Our Bostco and Frontera joint ventures further diversify TLP s sources of distributable cash flow. 8
9 Bostco Overview Bostco is a newly constructed black oil terminal in the Houston Ship Channel with approximately 7.1 million barrels of capacity (Phase I and Phase II) with a total capital investment of approximately $535 million. Phase I commercial operations commenced in October of As of September 2014, all Phase I and Phase II tanks have been placed into service and are fully operational. In February 2014 we received our first distribution from Bostco, and expect the quarterly Bostco distributions to continue to increase in TLP owns 42.5% of Bostco and Kinder Morgan owns 55%. TLP s investment in Phases I and II is approximately $235 million. Phases I and II are fully contracted for on a long-term basis. Multiple alternatives for Phase III being evaluated and could be equivalent in size to Phases I and II combined. 9
10 Houston Ship Channel Refinery Complex 10 Texas s 26 petroleum refineries have a capacity of over 4.7 million barrels of crude oil per day and account for approximately 27 percent of total U.S. refining capacity. This capacity results in the need to handle residual fuels, blend stocks and other products Bostco is specifically designed to handle.
11 Other Growth Opportunities Bostco Phase III expansion. Collins/Purvis expansion projects. Butane blending at multiple locations. Available capacity at Florida and River terminals. Future projects with Frontera JV. 11
12 Recent Developments Effective July 1 st, Morgan Stanley completed its sale of TransMontaigne Inc. to NGL Energy Partners LP (NGL), which resulted in a change in control of our general partner. NGL acquired Morgan Stanley s and TransMontaigne s outstanding common units, which represent 20% of the total outstanding common units. The transaction did not involve the sale of any of our common units held by the public, and our common units continue to trade on the NYSE. NGL assumed Morgan Stanley s rights pursuant to TLP s light products terminaling services agreements in Florida and the Southeast, excluding the Collins Purvis tankage. Our omnibus agreement with TransMontaigne Inc. did not change. 12
13 Recent Developments (Continued) Effective November 19 th, we contracted our bunker capacity at Cape Canaveral to a third party. Capacity had previously been unutilized since Morgan Stanley left the space on June 1 st. Effective September 4 th, we contracted 100% of our light oil capacity at Cape Canaveral, Port Everglades South and Port Manatee to RaceTrac. Replaced NGL as the customer. Includes butane blending options, following terminal improvements at Tampa (which had previously been contracted to RaceTrac in September 2013). Effective June 1 st, we contracted our bunker capacity at Fisher Island and Port Everglades North to Chemoil. Replaced Morgan Stanley as the customer. Continue to market unsubscribed bunker capacity at Port Manatee. Effective March 1 st, we contracted our Razorback System to Magellan. Replaced Morgan Stanley as the customer. 10-year agreement. TLP continues to operate the system. Similar revenue stream to the prior Morgan Stanley agreement. 13
14 Recent Developments (Continued) Bostco Phases I and Il are complete. In the third quarter we received $2.9 million in distributions for Bostco s 2 nd quarter operations and expect continued increases in distributions in
15 Consistent Performance Historical EBITDA Historical Leverage ($ in millions) $75 $72 $71 $69 $ TTM Q3 '14 Distributable Cash Flow Capital Expenditures ($ in millions) ($ in millions) $53 $53 $58 $61 $ $38 $40 $42 $47 $50 43 $35 55 $47 $96 $ $ TTM Q3 ' TTM Q3 '14 Cushion Actual Distributions Maintenance Acquisitions/Expansion/Investments 15
16 Insulation from Commodity Price Volatility 16
17 Results of Operations Three Months Ended (in thousands) Sept. 30, 2013 Dec. 31, 2013 Mar. 31, 2014 June 30, 2014 Sept. 31, 2014 Revenue: Terminaling services fees, net $ 28,682 $ 29,854 $ 28,719 $ 28,396 $ 27,338 Pipeline transportation fees 2,077 1, Management fees and reimbursed costs 1,506 1,549 1,540 1,771 1,892 Other 6,109 7,467 7,101 8,416 5,687 Total revenue 38,374 40,215 38,053 39,359 35,703 Direct operating costs and expenses (17,843) (17,524) (15,392) (16,396) (16,514) Net operating margins 20,531 22,691 22,661 22,963 19,189 G&A, depreciation, gains and other, net (13,746) (12,811) (12,226) (10,653) (10,932) Operating income 6,785 9,880 10,435 12,310 8,257 Other expenses, net (781) (920) (1,197) (1,470) (1,737) Net earnings $ 6,004 $ 8,960 $ 9,238 $ 10,840 $ 6,520 17
18 Structure of Terminaling Services Agreements Sept. 30, 2013 Firm commitments: Terminaling services fees, net: External customers 7,142 Three Months Ended (in thousands) Dec. 31, 2013 Mar. 31, 2014 June 30, 2014 Sept 30, 2014 $ $ 8,117 $ 8,043 $ 9,179 $ 15,211 Affiliates 20,709 20,012 19,688 18,207 10,930 Total firm commitments 27,851 28,129 27,731 27,386 26,141 Variable: Terminaling services fees, net: External customers 803 1, Affiliates Total variable 831 1, ,010 1,197 Pipeline transportation fees 2,077 1, Management fees and reimbursed costs 1,506 1,549 1,540 1,771 1,892 Other 6,109 7,467 7,101 8,416 5,687 Total revenue $ 38,374 $ 40,215 $ 38,053 $ 39,359 $ 35,703 Firm terminaling services commitments 72.6% 69.9% 72.9% 69.6% 73.2% 18
19 Duration of Firm Commitments The remaining terms on the terminaling services agreements that generated firm commitments for the quarter ended September 30, 2014 were: Duration of Committed Contracts as of September 30,
20 Quarterly Distribution History (1) 20
21 Distribution Coverage Sept. 30, 2013 Three Months Ended (in thousands) Mar. 31, 2014 Dec. 31, 2013 June 30, 2014 Sept. 30, 2014 Distributable cash flow $ 13,500 $ 15,770 $ 16,583 $ 18,540 $ 15,725 Total distributions 12,140 12,140 12,463 12,624 12,624 Distribution cushion $ 1,360 $ 3,630 $ 4,120 $ 5,916 $ 3,101 Coverage ratio 1.11 x 1.30 x 1.33 x 1.47 x 1.25 x 21
22 Ownership Structure Public Unitholders NGL Energy Partners LP 100% Interest TransMontaigne Inc. and Affiliates 79% Interest (Limited Partner) 16% Interest (Limited Partner) 2% Interest (General Partner) 100% Interest TransMontaigne GP L.L.C. (the General Partner) TransMontaigne Partners L.P. (the Partnership) 3% Interest (Limited Partner) Bostco LLC 42.5% Interest 100% Interest Operating Subsidiaries 50% Interest Frontera Brownsville LLC 22
23 Business Activities NGL Energy Partners LP NGL is a Delaware limited partnership that owns and operates a vertically integrated energy business with five primary businesses: water solutions, crude oil logistics, NGL logistics, refined products/renewables and retail propane. TransMontaigne Inc. and Affiliates TransMontaigne Inc. ( TMG ) is a leading distributor of unbranded refined petroleum products to independent wholesalers and industrial and commercial end users, delivering approximately 0.1 million barrels per day throughout the United States, but primarily in the Southeast region. TransMontaigne GP L.L.C. TransMontaigne GP L.L.C. is our general partner and has sole responsibility for conducting our business and managing our operations. TransMontaigne Partners L.P. TransMontaigne Partners L.P. ( TLP ) provides integrated terminaling, storage, transportation and related services for customers engaged in the distribution and marketing of light refined petroleum products, heavy refined petroleum products, crude oil, chemicals, fertilizers and other liquid products. 23
24 Key Considerations High Quality, Diversified Assets Leading presence in six core geographic regions. Term contracts with high-quality industry participants. Focus on fee-based contracts with commitments. Limited direct commodity price exposure. Strong Financial Profile Strong financial profile. Average historical Leverage Ratio of 2.5x over the past five years (Debt to EBITDA). At September 30, 2014 unused borrowing capacity of $98 million on the $350 million revolving credit facility. Distribution coverage for 2014 (nine months), 2013, 2012, 2011 and 2010 of 35%, 29%, 38%, 33% and 39%, respectively. Unique Operating Platform Experienced and proven management team and board. Three of the seven board members are independent directors. Integrated platform capitalizing on strengths of TLP, TMG and NGL. 24
TransMontaigne Partners L.P. (NYSE TLP) Wells Fargo th Annual Energy Symposium December 10 th, 2013
TransMontaigne Partners L.P. (NYSE TLP) Wells Fargo 2013 12 th Annual Energy Symposium December 10 th, 2013 Forward Looking Statements All statements, other than statements of historical facts, contained
More information(NYSE:TLP) Master Limited Partnership Association (MLPA) Conference
(NYSE:TLP) Master Limited Partnership Association (MLPA) Conference June 1, 2017 Forward Looking Statements All statements, other than statements of historical facts, contained herein and made by representatives
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 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 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 informationTRANSMONTAIGNE PARTNERS L.P. ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDED DECEMBER 31, 2011
Page 1 of 9 Contact: Charles L. Dunlap, CEO Gregory J. Pound, COO Frederick W. Boutin, CFO 303-626-8200 TRANSMONTAIGNE PARTNERS L.P. ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDED DECEMBER 31,
More informationForward Looking Statements
(NYSE:TLP) May 2018 Forward Looking Statements All statements contained herein and made by representatives of TransMontaigne Partners L.P. (the Partnership ) during this presentation, other than statements
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 information(NYSE:TLP) Investor Presentation
(NYSE:TLP) Investor Presentation November 2017 Forward Looking Statements All statements contained herein and made by representatives of TransMontaigne Partners L.P. (the Partnership ) during this presentation,
More informationWells Fargo Wells Fargo 2014 Energy Symposium Annual Energy Symposium
Wells Fargo Wells Fargo 2014 Energy Symposium Annual Energy Symposium New York City Dec. 2014 New York City Dec. 2015 1 Forward-Looking Statements Portions of this document constitute forward-looking statements
More informationNews Release NYSE: BPL
News Release NYSE: BPL Buckeye Partners, L.P. One Greenway Plaza Suite 600 Houston, TX 77046 Contact: Kevin J. Goodwin Vice President & Treasurer irelations@buckeye.com (800) 422-2825 BUCKEYE PARTNERS,
More informationBuckeye Partners, L.P. One Greenway Plaza Suite 600 Houston, TX 77046
News Release NYSE: BPL Buckeye Partners, L.P. One Greenway Plaza Suite 600 Houston, TX 77046 Contact: Kevin J. Goodwin Vice President and Treasurer irelations@buckeye.com (800) 422-2825 BUCKEYE PARTNERS,
More informationBuckeye Partners, L.P. Wachovia Pipeline and MLP Symposium - December 2008
Buckeye Partners, L.P. Wachovia Pipeline and MLP Symposium - December 2008 1 Buckeye Partners, L.P. Forward Looking Statement Certain statements contained in this presentation or made by representatives
More informationNews Release NYSE: BPL
News Release NYSE: BPL Buckeye Partners, L.P. One Greenway Plaza Suite 600 Houston, TX 77046 Contact: Kevin J. Goodwin Vice President & Treasurer irelations@buckeye.com (800) 422-2825 BUCKEYE PARTNERS,
More informationMagellan Midstream Partners, L.P. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationKIRBY CORPORATION ANNOUNCES 2011 FIRST QUARTER RESULTS
KIRBY CORPORATION FOR IMMEDIATE RELEASE Contact: Steve Holcomb 713-435-1135 KIRBY CORPORATION ANNOUNCES 2011 FIRST QUARTER RESULTS 2011 first quarter earnings per share were $.60 compared with $.46 earned
More informationMorgan Stanley Midstream MLP and Diversified Natural Gas Corporate Access Event
Morgan Stanley Midstream MLP and Diversified Natural Gas Corporate Access Event March 4-5, 2014 LEGAL NOTICE/FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements that we believe
More informationNews Release NYSE: BPL
News Release NYSE: BPL Buckeye Partners, L.P. One Greenway Plaza Suite 600 Houston, TX 77046 Contact: Kevin J. Goodwin Vice President & Treasurer irelations@buckeye.com (800) 422-2825 BUCKEYE PARTNERS,
More informationCredit Suisse MLP and Energy Logistics Conference
Credit Suisse MLP and Energy Logistics Conference New York City June 2014 www.magellanlp.com Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal
More informationForward Looking Statements
1 Forward Looking Statements This presentation includes forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995 regarding future events and the future financial performance
More informationMarathon Petroleum Corporation Reports First-Quarter 2015 Results
Marathon Petroleum Corporation Reports First-Quarter 2015 Results Reported record first-quarter earnings of $891 million ($3.24 per diluted share) Converted over 400 of the 1,245 new retail sites to the
More informationMIC. Overview of the IMTT Segment. December
MIC Overview of the IMTT Segment December 2017 1 1. The contents of this presentation reflect financial and operating information through the period ended September 30, 2017, as reported on the Company
More informationMaster Limited Partnership Association Annual Investor Conference. Orlando June 2016
Master Limited Partnership Association Annual Investor Conference Orlando June 2016 1 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law.
More informationBuckeye Partners, L.P. Master Limited Partner Conference February 2005
Buckeye Partners, L.P. Master Limited Partner Conference February 2005 Forward Looking Statements This presentation may include forward-looking statements within the meaning of Section 27A of the Securities
More informationJefferies 2014 Global Energy Conference. November 11 & 12, 2014
Jefferies 2014 Global Energy Conference November 11 & 12, 2014 Forward Looking Statements Statements contained in this presentation that state management s expectations or predictions of the future are
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 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 informationJMP Securities 2017 Financial Services and Real Estate Conference June 2017
Fortress Transportation and Infrastructure Investors LLC JMP Securities 2017 Financial Services and Real Estate Conference June 2017 Disclaimers IN GENERAL. This disclaimer applies to this document and
More informationInvestor Presentation June 2018
Investor Presentation June 2018 Company Information NYSE Ticker NGL Energy Partners LP Contact Information Corporate Headquarters NGL Energy Partners LP 6120 South Yale Avenue, Suite 805 Tulsa, Oklahoma
More informationMARTIN MIDSTREAM PARTNERS L.P. Deutsche Bank Leveraged Finance Conference September 29, 2015
MARTIN MIDSTREAM PARTNERS L.P. Deutsche Bank Leveraged Finance Conference September 29, 2015 USE OF NON-GAAP FINANCIAL MEASURES This presentation includes certain non-gaap financial measures such as EBITDA
More informationKinder Morgan is headquartered in Houston, Texas, and has more than 11,000 employees.
Who is Kinder Morgan? Kinder Morgan owns or operates approximately 75,000 miles of pipelines and 180 terminals in North America. Our pipelines transport natural gas and refined petroleum products including
More informationBuckeye GP Holdings L.P. (NYSE: BGH) Buckeye Partners, L.P. (NYSE: BPL) Kelso & Company April 23, 2009
Buckeye GP Holdings L.P. (NYSE: BGH) Buckeye Partners, L.P. (NYSE: BPL) Kelso & Company April 23, 2009 1 Buckeye Partners, L.P. Buckeye GP Holdings L.P. Forward Looking Statement Certain statements contained
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 informationFortress Transportation and Infrastructure Investors LLC. Supplemental Information Third Quarter 2018
Fortress Transportation and Infrastructure Investors LLC Supplemental Information Third Quarter 2018 Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments
More informationNuStar Energy, L.P. NEUTRAL ZACKS CONSENSUS ESTIMATES (NS-NYSE) SUMMARY
March 13, 2015 NuStar Energy, L.P. Current Recommendation Prior Recommendation Underperform Date of Last Change 09/26/2013 Current Price (03/12/15) $60.71 Target Price $63.00 NEUTRAL SUMMARY (NS-NYSE)
More informationWells Fargo Annual Pipeline and MLP Symposium
Wells Fargo Annual Pipeline and MLP Symposium New York City Dec. 2017 1 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law. Although management
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 informationBuckeye GP Holdings L.P. (NYSE: BGH) Buckeye Partners, L.P. (NYSE: BPL) Kelso & Company Annual LP Conference April 21, 2010
Buckeye GP Holdings L.P. (NYSE: BGH) Buckeye Partners, L.P. (NYSE: BPL) Kelso & Company Annual LP Conference April 21, 2010 Forward Looking Statement Certain statements contained in this presentation or
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 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 informationMaster Limited Partnership Association Investor Conference
Master Limited Partnership Association Investor Conference Orlando May 31 June 1, 2017 1 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal
More informationLETTER TO UNITHOLDERS FOR 2013
LETTER TO UNITHOLDERS FOR 2013 We had a very successful 2013 at Kinder Morgan Energy Partners, L.P. (NYSE: KMP). KMP declared distributions of $5.33 per unit, up 7 percent from 2012, and exceeded our annual
More informationNYSE: MMP. MLP and Energy Infrastructure Conference
NYSE: MMP MLP and Energy Infrastructure Conference Orlando May 23, 2018 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law. Although management
More informationCautionary Note. Forward Looking Statements
Cautionary Note Forward Looking Statements Certain statements and information in this presentation constitute "forward-looking statements." Certain expressions including believe, expect, intends, or other
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. March 2019
INVESTOR PRESENTATION March 2019 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP ( SUN, we, our, and us ) that involve risks,
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 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 informationNYSE: MMP. SunTrust Midstream Summit
NYSE: MMP SunTrust Midstream Summit New York City May 10, 2018 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law. Although management
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 informationSHELL MIDSTREAM PARTNERS, L.P. (SHLX) Q RESULTS ANNOUNCEMENT
SHELL MIDSTREAM PARTNERS, L.P. (SHLX) Q2 2016 RESULTS ANNOUNCEMENT August 4, 2016 DEFINITIONS AND CAUTIONARY NOTE This presentation includes various forward-looking statements within the meaning of Section
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 informationMARTIN MIDSTREAM PARTNERS L.P. Bank of America High Yield Energy & Power Leveraged Finance Conference JUNE 2, 2015
MARTIN MIDSTREAM PARTNERS L.P. Bank of America High Yield Energy & Power Leveraged Finance Conference JUNE 2, 2015 USE OF NON-GAAP FINANCIAL MEASURES This presentation includes certain non-gaap financial
More informationArc Logistics Partners LP Investor Presentation May 2015
Arc Logistics Partners LP Investor Presentation May 2015 Cautionary Note Forward Looking Statements Certain statements and information in this presentation may constitute "forward-looking statements."
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 informationFortress Transportation and Infrastructure Investors LLC
Fortress Transportation and Infrastructure Investors LLC JMP Securities Financial Services Conference June 19, 2018 Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written
More informationInvestor Presentation January 2019
Investor Presentation January 2019 Company Information NYSE Ticker NGL Energy Partners LP Contact Information Corporate Headquarters NGL Energy Partners LP 6120 South Yale Avenue, Suite 805 Tulsa, Oklahoma
More informationMIC. Second Quarter 2018 Earnings Conference Call Supplemental Materials. August 2, 2018
MIC Second Quarter 2018 Earnings Conference Call Supplemental Materials August 2, 2018 Important Notice This presentation by Macquarie Infrastructure Corporation (MIC) is proprietary and all rights are
More informationArc Logistics Partners LP Investor Presentation March 2015
Arc Logistics Partners LP Investor Presentation March 2015 Vince Cubbage - CEO, Chairman and Director Bradley Oswald - Senior Vice President, CFO and Treasurer Cautionary Note Forward Looking Statements
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 informationINVESTOR PRESENTATION. December 2018
INVESTOR PRESENTATION December 2018 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP ( SUN, we, our, and us ) that involve risks,
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 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 informationDriven to Create Value
Driven to Create Value Bank of America Refining Conference March 2016 2015 Corporation. All Rights Reserved. Forward Looking Statements This Presentation includes forward-looking statements within the
More informationMarathon Petroleum Corporation
January 19, 2015 Marathon Petroleum Corporation (MPC-NYSE) Current Recommendation SUMMARY DATA NEUTRAL Prior Recommendation Underperform Date of Last Change 01/07/2014 Current Price (01/16/15) $77.56 Target
More informationEvercore ISI Energy Summit. Houston March 7, 2017
Evercore ISI Energy Summit Houston March 7, 2017 1 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law. Although management believes any
More informationPETROLOGISTICS LP AGREES TO BE ACQUIRED BY FLINT HILLS RESOURCES, LLC
PETROLOGISTICS LP AGREES TO BE ACQUIRED BY FLINT HILLS RESOURCES, LLC HOUSTON, Texas and WICHITA, Kansas, May 28, 2014 /PRNewswire/ -- PetroLogistics LP (NYSE: PDH) announced today that it and its general
More informationNGL Energy Partners LP
PROSPECTUS SUPPLEMENT (To Prospectus dated February 15, 2017) 7FEB201703440936 NGL Energy Partners LP 7,400,000 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation
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 informationWestern Refining Logistics, LP
Page 1 of 112 424B5 1 d254218d424b5.htm 424B5 Filed pursuant to Rule 424(b)(5) Registration No. 333-204437 PROSPECTUS SUPPLEMENT (To Prospectus dated June 8, 2015) Western Refining Logistics, LP 7,500,000
More informationLETTER TO UNITHOLDERS FOR 2012
LETTER TO UNITHOLDERS FOR 2012 Kinder Morgan Energy Partners, L.P. (NYSE: KMP) has implemented the same strategy since current management took over in February of 1997. Unimaginative? Boring? We don t
More informationCREDIT SUISSE 2015 MLP & ENERGY LOGISTICS CONFERENCE. June 23, 2015
CREDIT SUISSE 2015 MLP & ENERGY LOGISTICS CONFERENCE June 23, 2015 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP ( SUN ) and
More informationINVESTOR UPDATE. April 2015
INVESTOR UPDATE April 2015 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP ( SUN ) and Energy Transfer Partners, L.P. ( ETP
More informationEPD ACQUIRES GP & LP INTERESTS IN OILT; PROPOSES MERGER
ENTERPRISE PRODUCTS PARTNERS L.P. EPD ACQUIRES GP & LP INTERESTS IN OILT; PROPOSES MERGER October 1, 2014 ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. enterpriseproducts.com FORWARD LOOKING STATEMENTS
More informationQ Investor Presentation. Global Partners LP (NYSE: GLP)
Q4 2018 Investor Presentation Global Partners LP (NYSE: GLP) Forward-Looking Statements Certain statements and information in this presentation may constitute forward-looking statements. The words believe,
More informationWells Fargo. Securities Energy Symposium
Wells Fargo Securities - 2016 Energy Symposium December 6, 2016 Forward-Looking Statements Statements contained in this presentation that state management s expectations or predictions of the future are
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 informationCasper Terminal Acquisition
Casper Terminal Acquisition October 2015 Cautionary Statements This presentation may contain forward-looking statements within the meaning of U.S. federal securities laws, including statements related
More informationNYSE: MMP. RBC Capital Markets Midstream Conference
NYSE: MMP RBC Capital Markets Midstream Conference Dallas Nov. 13, 2018 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law. Although management
More informationPARTNERSHIP PROFILE. Raised cash distribution 57 consecutive quarters
3 RD QUARTER 2018 FACT SHEET EPD NYSE FINANCIAL PERFORMANCE PARTNERSHIP PROFILE DISTRIBUTION REINVESTMENT PLAN EPD UNIT PRICE 11/29/18 CURRENT ANNUALIZED DISTRIBUTION $26.30 $1.73/Unit YIELD RANKING ON
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 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 informationWELLS FARGO SECURITIES 2014 ENERGY SYMPOSIUM. December 9, 2014
WELLS FARGO SECURITIES 2014 ENERGY SYMPOSIUM December 9, 2014 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP ( SUN ) and 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 informationPBF Energy March 2018
PBF Energy March 2018 1 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc. ( PBF Energy ), the indirect parent of PBF Logistics LP ( PBFX, or Partnership,
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 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 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 informationPBF Energy Inc. (NYSE: PBF) January 2017 Investor Presentation
PBF Energy Inc. (NYSE: PBF) January 2017 Investor Presentation Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc. ( PBF Energy ), the indirect parent of
More informationDeutsche Bank U.S. Independent Refiners Conference January 9, 2014
Deutsche Bank U.S. Independent Refiners Conference January 9, 2014 Forward-Looking Statements This Presentation has been prepared by Calumet Specialty Products Partners, L.P. (the Company or Calumet )
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 2016 Park City, Utah January 12-13, 2016
UBS MLP One-On-One Conference 2016 Park City, Utah January 12-13, 2016 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements that we believe to be reasonable as of the date of
More informationNYSE: MMP. Citi One-on-One MLP / Midstream Infrastructure Conference
NYSE: MMP Citi One-on-One MLP / Midstream Infrastructure Conference Las Vegas Aug. 15-16, 2018 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal
More informationProduct Pipelines. Natural Gas Pipelines. CO 2 Pipelines. Cochin. Pacific. Pacific. Pacific KMCO 2 KMTP
2000 Annual Report 3 Cochin Pacific KMIGT Trailblazer Pacific 3 CALNEV Pacific KMCO 2 Product Pipelines Transport more than 2 million barrels/day of gasoline, jet fuel, diesel fuel and natural gas liquids
More informationUBS One-on-One MLP Conference
UBS One-on-One MLP Conference January 13, 2015 Strong. Innovative. Growing. 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities
More informationSUNOCO LP INVESTOR UPDATE
SUNOCO LP INVESTOR UPDATE November 2014 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP and Energy Transfer Partners, L.P. and
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 information2015 UBS MLP 1x1 Conference Park City, Utah January 13-14, 2015
2015 UBS MLP 1x1 Conference Park City, Utah January 13-14, 2015 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements that we believe to be reasonable as of the date of this
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 informationKinder Morgan Management, LLC (Exact name of registrant as specified in its charter)
KMR Form 10-K 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 year
More information