This document discusses EnLink Midstream's business and growth strategy. It begins with an introduction to EnLink Midstream, noting its scale, stable cash flows from long-term contracts, and investment-grade credit profile. It then outlines EnLink Midstream's strategically located assets and its management team's experience. The document discusses EnLink Midstream's focus on organic growth projects and potential dropdown opportunities from its sponsor Devon Energy, as well as pursuing acquisitions. It highlights several specific near-term expansion projects and regions for potential future growth.
This document provides an overview of Morgan Stanley's presentation on EnLink Midstream at the Permian Basin Energy Summit on April 1, 2014. It discusses EnLink Midstream's strategic assets across multiple regions, its diverse fee-based cash flows primarily from long-term contracts with Devon Energy, and its growth strategy through organic projects, dropdowns from Devon, serving third parties, and acquisitions. The presentation also highlights EnLink Midstream's investment attributes including its scale, financial strength, management team, and sponsor support from Devon Energy.
Morgan Stanley Winter MLP & Diversified Natural Gas Bus TourEnLinkMidstreamLLC
This document discusses Morgan Stanley's winter MLP & diversified natural gas bus tour in January 2015. It provides an overview of EnLink Midstream, including its strategy, assets, structure as a master limited partnership with Devon Energy as a sponsor, and avenues for future growth. Specifically, EnLink aims to provide stability through 95% fee-based contracts and growth through dropdown acquisitions from Devon, organic expansion projects, and potential mergers and acquisitions. Recent growth initiatives include projects in West Texas, Ohio River Valley, and Louisiana.
This document provides an overview of EnLink Midstream and its strategy and growth opportunities. It begins with forward-looking statements and definitions of non-GAAP terms. The main points are:
1) EnLink Midstream is a leading integrated midstream company supported by Devon Energy with a diverse geographic footprint and strong financial position.
2) It focuses on stable cash flows from long-term fee-based contracts and leveraging Devon's sponsorship for growth opportunities like dropdown acquisitions and serving Devon's areas of growth.
3) EnLink has four avenues for growth - dropdowns, growing with Devon, organic projects, and mergers and acquisitions, with a goal of $375 million in additional
This document discusses EnLink Midstream's strategy for stability and growth. It notes that EnLink aims to provide stable cash flows through long-term, fee-based contracts while also pursuing organic growth opportunities. Specifically, the document outlines four avenues for growth: 1) dropdown acquisitions from Devon Energy, 2) growing with Devon in its core areas, 3) pursuing organic expansion projects, and 4) mergers and acquisitions. It provides examples of recent projects completed or announced through these avenues totaling over $1 billion that will drive future adjusted EBITDA growth.
The presentation contains forward-looking statements that involve risks and uncertainties. Many of the factors that will determine EnLink Midstream's future results are beyond its control. The presentation also contains non-GAAP financial measures to evaluate performance. EnLink Midstream's assets are strategically located across multiple regions and include gas gathering pipelines, processing plants, NGL transportation and fractionation facilities. Over 95% of cash flows are expected to be fee-based and derived from a variety of midstream services.
The document discusses EnLink Midstream's strategy and growth opportunities. It outlines four avenues for growth: 1) drop downs of assets from Devon Energy, EnLink's largest customer, which could provide an additional $375 million in adjusted EBITDA through 2017; 2) growing with Devon in new areas; 3) organic expansion projects; and 4) mergers and acquisitions. Recent progress includes completing a drop down of assets in the Ohio River Valley from Devon and announcing several new expansion projects in Louisiana and West Texas.
This document provides an overview and forward-looking statements from EnLink Midstream. It discusses EnLink's strategy of stable cash flows through long-term fee-based contracts and growth through organic expansion projects and potential dropdown acquisitions from sponsor Devon Energy. The presentation outlines EnLink's four avenues for growth: 1) dropdowns from Devon, 2) growing with Devon, 3) organic expansion projects, and 4) mergers and acquisitions. Recent expansion projects and potential future projects across EnLink's areas of operations are highlighted. The presentation envisions EnLink achieving substantial scale and sustainable growth through 2017 from pursuing these four growth strategies.
WELLS FARGO SECURITIES RESEARCH, ECONOMICS AND STRATEGY 2014 ENERGY SYMPOSIUMEnLinkMidstreamLLC
This document discusses EnLink Midstream's strategy for stability and growth. It focuses on four avenues for growth: 1) drop downs of assets from Devon Energy, which could provide $375 million in additional adjusted EBITDA by 2017; 2) growing with Devon by expanding in areas where Devon is increasing production; 3) organic growth projects like expanding facilities in Louisiana, West Texas, and the Ohio River Valley; and 4) mergers and acquisitions like the recent purchase of Gulf Coast natural gas assets. The presentation outlines recent progress across these avenues and EnLink Midstream's vision for substantial scale, diverse fee-based cash flows, and a strong balance sheet and credit profile by 2017.
This document provides an overview of Morgan Stanley's presentation on EnLink Midstream at the Permian Basin Energy Summit on April 1, 2014. It discusses EnLink Midstream's strategic assets across multiple regions, its diverse fee-based cash flows primarily from long-term contracts with Devon Energy, and its growth strategy through organic projects, dropdowns from Devon, serving third parties, and acquisitions. The presentation also highlights EnLink Midstream's investment attributes including its scale, financial strength, management team, and sponsor support from Devon Energy.
Morgan Stanley Winter MLP & Diversified Natural Gas Bus TourEnLinkMidstreamLLC
This document discusses Morgan Stanley's winter MLP & diversified natural gas bus tour in January 2015. It provides an overview of EnLink Midstream, including its strategy, assets, structure as a master limited partnership with Devon Energy as a sponsor, and avenues for future growth. Specifically, EnLink aims to provide stability through 95% fee-based contracts and growth through dropdown acquisitions from Devon, organic expansion projects, and potential mergers and acquisitions. Recent growth initiatives include projects in West Texas, Ohio River Valley, and Louisiana.
This document provides an overview of EnLink Midstream and its strategy and growth opportunities. It begins with forward-looking statements and definitions of non-GAAP terms. The main points are:
1) EnLink Midstream is a leading integrated midstream company supported by Devon Energy with a diverse geographic footprint and strong financial position.
2) It focuses on stable cash flows from long-term fee-based contracts and leveraging Devon's sponsorship for growth opportunities like dropdown acquisitions and serving Devon's areas of growth.
3) EnLink has four avenues for growth - dropdowns, growing with Devon, organic projects, and mergers and acquisitions, with a goal of $375 million in additional
This document discusses EnLink Midstream's strategy for stability and growth. It notes that EnLink aims to provide stable cash flows through long-term, fee-based contracts while also pursuing organic growth opportunities. Specifically, the document outlines four avenues for growth: 1) dropdown acquisitions from Devon Energy, 2) growing with Devon in its core areas, 3) pursuing organic expansion projects, and 4) mergers and acquisitions. It provides examples of recent projects completed or announced through these avenues totaling over $1 billion that will drive future adjusted EBITDA growth.
The presentation contains forward-looking statements that involve risks and uncertainties. Many of the factors that will determine EnLink Midstream's future results are beyond its control. The presentation also contains non-GAAP financial measures to evaluate performance. EnLink Midstream's assets are strategically located across multiple regions and include gas gathering pipelines, processing plants, NGL transportation and fractionation facilities. Over 95% of cash flows are expected to be fee-based and derived from a variety of midstream services.
The document discusses EnLink Midstream's strategy and growth opportunities. It outlines four avenues for growth: 1) drop downs of assets from Devon Energy, EnLink's largest customer, which could provide an additional $375 million in adjusted EBITDA through 2017; 2) growing with Devon in new areas; 3) organic expansion projects; and 4) mergers and acquisitions. Recent progress includes completing a drop down of assets in the Ohio River Valley from Devon and announcing several new expansion projects in Louisiana and West Texas.
This document provides an overview and forward-looking statements from EnLink Midstream. It discusses EnLink's strategy of stable cash flows through long-term fee-based contracts and growth through organic expansion projects and potential dropdown acquisitions from sponsor Devon Energy. The presentation outlines EnLink's four avenues for growth: 1) dropdowns from Devon, 2) growing with Devon, 3) organic expansion projects, and 4) mergers and acquisitions. Recent expansion projects and potential future projects across EnLink's areas of operations are highlighted. The presentation envisions EnLink achieving substantial scale and sustainable growth through 2017 from pursuing these four growth strategies.
WELLS FARGO SECURITIES RESEARCH, ECONOMICS AND STRATEGY 2014 ENERGY SYMPOSIUMEnLinkMidstreamLLC
This document discusses EnLink Midstream's strategy for stability and growth. It focuses on four avenues for growth: 1) drop downs of assets from Devon Energy, which could provide $375 million in additional adjusted EBITDA by 2017; 2) growing with Devon by expanding in areas where Devon is increasing production; 3) organic growth projects like expanding facilities in Louisiana, West Texas, and the Ohio River Valley; and 4) mergers and acquisitions like the recent purchase of Gulf Coast natural gas assets. The presentation outlines recent progress across these avenues and EnLink Midstream's vision for substantial scale, diverse fee-based cash flows, and a strong balance sheet and credit profile by 2017.
EnLink Midstream is positioned for growth through four main avenues: organic growth projects, dropdown opportunities from Devon, serving future Devon midstream development projects, and pursuing M&A. Some of the near-term organic and dropdown opportunities highlighted include: (1) completing Phase II of the Cajun-Sibon NGL pipeline expansion project in late 2014, (2) constructing the Bearkat rich gas gathering and processing plant in the Permian Basin, and (3) dropdown of E2 condensate assets in the Utica shale and 50% of Devon Midstream Holdings assets starting in early 2015. EnLink Midstream has a backlog of organic projects and dropdown opportunities that can drive future growth.
EnLink Midstream held an analyst and investor day on March 30, 2015 to discuss its vision and strategy. The presentation included forward-looking statements and defined non-GAAP financial measures. It also noted that the SEC prohibits the disclosure of certain resource estimates. The agenda included presentations from EnLink Midstream and Devon Energy executives on the companies' visions and the natural gas and liquids businesses. The management team was introduced, which includes experienced leaders from Crosstex Energy and Devon. EnLink Midstream aims to execute its growth strategy through a diversified portfolio, organic expansion projects, and dropdowns from Devon Energy.
This document provides an overview of EnLink Midstream's 2015 Analyst & Investor Day. It begins with forward-looking statements and disclosures about non-GAAP financial measures used. The agenda outlines presentations on EnLink Midstream's vision and strategy, its sponsorship with Devon Energy, and its natural gas and liquids businesses. The management team is introduced, consisting of experienced leaders from Crosstex Energy and Devon. The document emphasizes EnLink Midstream's growth strategy through organic expansion projects and dropdown acquisitions from Devon, as well as its stable cash flows, investment grade credit rating, and focus on safely serving customers.
This document is CLP Holdings' annual report for 2008. It includes the following sections: Financial Highlights, Chairman's Statement, Directors and Senior Management, CEO's Review, and others.
The Chairman's Statement discusses CLP's financial performance in 2008, noting operating earnings increased 4.6% to HK$9.7 billion while total earnings declined only 1.7% to HK$10.4 billion despite a significant reduction in permitted returns from the Hong Kong electricity business under a new Scheme of Control agreement. The Board recommended a final dividend of HK$0.92 per share, maintaining the total dividend at HK$2.48 per share.
The Chairman focuses on political and regulatory
This document provides an overview and agenda for EnLink Midstream's 2014 Analyst & Investor Day. It begins with forward-looking statements and disclosures about non-GAAP financial measures used. The agenda then outlines the presentations that will be made on the company's roadmap for growth, natural gas and liquids businesses, financial outlook, and non-operated investments. Background is given on EnLink Midstream's MLP structure and relationship with sponsor Devon Energy, as well as the experience of the management team. Key aspects of the company's growth strategy are its fee-based contracts, strategic assets, and investment grade balance sheet to fund expansion.
The document discusses Joseph Rigby's presentation on the strategic positioning of Southeast Utilities. It summarizes the company's strategic focus on power delivery, Conectiv Energy, and Pepco Energy Services. It also outlines the goals for the power delivery business, including sales growth, infrastructure investment, operational excellence, and constructive regulatory outcomes to deliver average annual earnings growth of at least 4%. Key infrastructure projects are highlighted.
Pepco Holdings, Inc. held an analyst conference on October 5-6, 2004 to discuss the company's performance. The presentation included an overview of PHI's businesses, strategy, and corporate governance practices. It noted PHI has $7.1 billion in revenues and focuses on its regulated electric and gas delivery business, which accounts for 72% of operating income. The Power Delivery segment was discussed, which includes the transmission and distribution of electricity to 1.8 million customers across several mid-Atlantic states.
- CorEnergy owns essential energy infrastructure assets that generate stable cash flows through long-term contracts. These assets include pipelines, storage terminals, and gathering systems critical to energy production.
- CorEnergy aims to provide attractive risk-adjusted returns through acquiring infrastructure assets that generate predictable revenues and distributing dividends to shareholders.
- The company has a conservative capital structure and recently enhanced its financial flexibility through refinancing initiatives, positioning it to acquire additional assets.
InfraREIT provides a presentation on its business. It owns $1.1 billion in regulated electric transmission and distribution assets in Texas and the Southwest. It has a track record of growing its rate base from $60 million in 2009 to $1.1 billion currently through developing projects like the CREZ transmission system and pursuing acquisitions. InfraREIT expects to continue growing through developing additional projects from its pipeline with Hunt Consolidated and potentially acquiring other third party assets. It maintains a stable cash flow through long term leases of its regulated assets.
Connecticut Water Service presented an investor presentation in May 2017. The presentation provided an overview of Connecticut Water's business, including its regulated water utilities in Connecticut and Maine which account for 95% of earnings. It also discussed the company's growth strategy of infrastructure investment, acquisitions, and low-risk expansion into complementary water services to supplement regulated earnings. Financial highlights included a strong balance sheet, constructive regulatory environment, and track record of earnings and dividend growth.
Connecticut Water Service, Inc. presented an investor presentation in March 2017. The presentation summarized that CTWS is New England's largest publicly traded water utility, with over $105 million in total revenues in the last 12 months. 95% of earnings come from regulated water operations serving over 440,000 people across Connecticut and Maine. The presentation outlined CTWS' growth strategy of infrastructure investment, acquisitions of other water systems, and supplemental non-regulated earnings. CTWS aims to deliver low-risk growth and shareholder value through its regulated business model and track record of constructive regulatory relations.
This document provides an investor presentation for Crestwood Midstream Partners LP and Crestwood Equity Partners LP. The presentation discusses the companies' repositioning strategy in 2016 to strengthen their balance sheet through cost cutting, reduced capital expenditures, mergers, and debt reduction. It highlights the companies' asset portfolio, contract mix, customer base, and financial outlook. The presentation aims to position the companies for long-term growth potential through competitive assets leveraged to improving commodity prices.
Jp energy january 2016 ubs 1x1 conferenceir_jpenergy
The document provides forward-looking statements and disclaimers regarding a presentation by JP Energy Partners LP. It then summarizes JP Energy Partners' business segments which include crude oil pipelines and storage, refined products terminals and storage, and NGL distribution and sales. The majority of its cash flows are fee-based and come from these three segments. It also provides an overview of JP Energy Partners' achievements that have supported its growth and outlines its financial strategy of maintaining stable cash flows, consistent distribution growth, and financial flexibility. Finally, it provides JP Energy Partners' 2016 Adjusted EBITDA guidance of $50-56 million before considering corporate overhead or acquisitions.
Ctws ir presentation february 2015 - web corrected-orientationctwater
This document is an investor presentation for Connecticut Water Service, Inc. (CTWS) from February 2015. It provides an overview of CTWS, including that it is the largest publicly traded water utility in New England, serving over 400,000 people through regulated water utilities in Connecticut and Maine. It also discusses CTWS' growth strategy of investing in water infrastructure to drive regulated rate base and earnings growth, complemented by low-risk non-regulated water services. The presentation emphasizes CTWS' strong financial position and consistent financial performance.
Enbridge Inc. Second Quarter 2014 Financial ResultsEnbridge Inc.
Speakers:
Al Monaco, President and Chief Executive Officer, Enbridge Inc.
John K. Whelen, Executive Vice President & Chief Financial Officer, Enbridge Inc.
Garanti Bankası Earnings Presentation-BRSA Consolidated Financials Septembe...Garanti Bank
This document provides an earnings presentation summary for 9M12. Key highlights include:
- Balance sheet strength with increasing loans/assets ratio and prudent provisioning maintaining strong coverage levels.
- Healthy profit generation fueled by strong core banking income and efficient cost management, with comparable net profits up 27% YoY and strong returns.
- Continued focus on sustainable revenues through diversified fee sources and strict cost discipline while expanding distribution network.
The document summarizes Integrys Energy Group's fourth quarter 2008 earnings conference call. Key points include:
- Integrys reported $25.6 million in income available for common shareholders for Q4 2008, down from $85.1 million in Q4 2007, largely due to non-cash accounting losses at Integrys Energy Services.
- In response to the economic downturn, Integrys plans to substantially scale back or exit its nonregulated energy services business, reduce capital expenditures at its regulated utilities by 30-40% in 2009-2010, and lower its long-term EPS growth target from 6-8% to 4-6%.
- Integrys also updated its liquidity
This document summarizes Exterran Partners' presentation at the Credit Suisse MLP & Energy Logistics Conference on June 10, 2014. It discusses Exterran Partners' contract operations business, growth strategies including drop down acquisitions from Exterran Holdings, the MidCon acquisition, financial results and outlook, and pro forma debt structure. The presentation highlights Exterran Partners' leading position in the U.S. natural gas compression market, favorable industry trends driving growth, and initiatives to improve performance and profitability.
The document provides an earnings summary for 1Q 2021. Key points include:
- The company has a strong balance sheet with low leverage of 0.6x net debt to EBITDA for 2021 and is focused on generating sustainable free cash flow.
- In 1Q 2021, the company reported $510 million in adjusted EBITDAX and $329 million in free cash flow.
- The company aims to reinvest 60-70% of capital to maintain production of over 400 MBOE/day on $700-750 million in annual capital expenditures.
- The portfolio includes high-quality assets in Appalachia, the Gulf Coast, and South Texas that provide diversification and opportunity for continued development
The document provides an earnings summary for 1Q 2021. Key points include:
- The company has a strong balance sheet with low leverage of 0.6x net debt to EBITDA for 2021 and is focused on generating sustainable free cash flow.
- In 1Q 2021, the company reported $510 million in adjusted EBITDAX and $329 million in free cash flow.
- The company aims to reinvest 60-70% of capital to maintain production of 400+ MBOE/day while returning cash to shareholders through an initial $1.375 per share annual dividend.
- Operating costs were reduced significantly in 1Q 2021 compared to 1Q 2020 through cost restructuring.
This document discusses EnLink Midstream's announced acquisition of Coronado Midstream Holdings LLC for approximately $600 million. Coronado's assets include 175 million cubic feet per day of gas processing capacity, 270 miles of gas gathering pipelines with 35,000 horsepower of compression. Coronado is also constructing an additional 100 million cubic feet per day of processing capacity and expanding its gathering system. The acquisition will expand EnLink Midstream's platform in the Midland Basin and Coronado's assets are underpinned by long-term contracts with producers like Reliance Energy, Diamondback Energy, and RSP Permian.
The document is an investor presentation for EnLink Midstream that outlines the company's strategy, growth opportunities, and financial metrics. The presentation discusses EnLink's focus on stable, fee-based cash flows from long-term contracts, leveraging its relationship with Devon Energy for growth opportunities, and pursuing organic expansion projects and acquisitions. Key growth avenues include expanding existing platforms, dropdown transactions from Devon, and pursuing scale positions in new basins where Devon is active.
EnLink Midstream is positioned for growth through four main avenues: organic growth projects, dropdown opportunities from Devon, serving future Devon midstream development projects, and pursuing M&A. Some of the near-term organic and dropdown opportunities highlighted include: (1) completing Phase II of the Cajun-Sibon NGL pipeline expansion project in late 2014, (2) constructing the Bearkat rich gas gathering and processing plant in the Permian Basin, and (3) dropdown of E2 condensate assets in the Utica shale and 50% of Devon Midstream Holdings assets starting in early 2015. EnLink Midstream has a backlog of organic projects and dropdown opportunities that can drive future growth.
EnLink Midstream held an analyst and investor day on March 30, 2015 to discuss its vision and strategy. The presentation included forward-looking statements and defined non-GAAP financial measures. It also noted that the SEC prohibits the disclosure of certain resource estimates. The agenda included presentations from EnLink Midstream and Devon Energy executives on the companies' visions and the natural gas and liquids businesses. The management team was introduced, which includes experienced leaders from Crosstex Energy and Devon. EnLink Midstream aims to execute its growth strategy through a diversified portfolio, organic expansion projects, and dropdowns from Devon Energy.
This document provides an overview of EnLink Midstream's 2015 Analyst & Investor Day. It begins with forward-looking statements and disclosures about non-GAAP financial measures used. The agenda outlines presentations on EnLink Midstream's vision and strategy, its sponsorship with Devon Energy, and its natural gas and liquids businesses. The management team is introduced, consisting of experienced leaders from Crosstex Energy and Devon. The document emphasizes EnLink Midstream's growth strategy through organic expansion projects and dropdown acquisitions from Devon, as well as its stable cash flows, investment grade credit rating, and focus on safely serving customers.
This document is CLP Holdings' annual report for 2008. It includes the following sections: Financial Highlights, Chairman's Statement, Directors and Senior Management, CEO's Review, and others.
The Chairman's Statement discusses CLP's financial performance in 2008, noting operating earnings increased 4.6% to HK$9.7 billion while total earnings declined only 1.7% to HK$10.4 billion despite a significant reduction in permitted returns from the Hong Kong electricity business under a new Scheme of Control agreement. The Board recommended a final dividend of HK$0.92 per share, maintaining the total dividend at HK$2.48 per share.
The Chairman focuses on political and regulatory
This document provides an overview and agenda for EnLink Midstream's 2014 Analyst & Investor Day. It begins with forward-looking statements and disclosures about non-GAAP financial measures used. The agenda then outlines the presentations that will be made on the company's roadmap for growth, natural gas and liquids businesses, financial outlook, and non-operated investments. Background is given on EnLink Midstream's MLP structure and relationship with sponsor Devon Energy, as well as the experience of the management team. Key aspects of the company's growth strategy are its fee-based contracts, strategic assets, and investment grade balance sheet to fund expansion.
The document discusses Joseph Rigby's presentation on the strategic positioning of Southeast Utilities. It summarizes the company's strategic focus on power delivery, Conectiv Energy, and Pepco Energy Services. It also outlines the goals for the power delivery business, including sales growth, infrastructure investment, operational excellence, and constructive regulatory outcomes to deliver average annual earnings growth of at least 4%. Key infrastructure projects are highlighted.
Pepco Holdings, Inc. held an analyst conference on October 5-6, 2004 to discuss the company's performance. The presentation included an overview of PHI's businesses, strategy, and corporate governance practices. It noted PHI has $7.1 billion in revenues and focuses on its regulated electric and gas delivery business, which accounts for 72% of operating income. The Power Delivery segment was discussed, which includes the transmission and distribution of electricity to 1.8 million customers across several mid-Atlantic states.
- CorEnergy owns essential energy infrastructure assets that generate stable cash flows through long-term contracts. These assets include pipelines, storage terminals, and gathering systems critical to energy production.
- CorEnergy aims to provide attractive risk-adjusted returns through acquiring infrastructure assets that generate predictable revenues and distributing dividends to shareholders.
- The company has a conservative capital structure and recently enhanced its financial flexibility through refinancing initiatives, positioning it to acquire additional assets.
InfraREIT provides a presentation on its business. It owns $1.1 billion in regulated electric transmission and distribution assets in Texas and the Southwest. It has a track record of growing its rate base from $60 million in 2009 to $1.1 billion currently through developing projects like the CREZ transmission system and pursuing acquisitions. InfraREIT expects to continue growing through developing additional projects from its pipeline with Hunt Consolidated and potentially acquiring other third party assets. It maintains a stable cash flow through long term leases of its regulated assets.
Connecticut Water Service presented an investor presentation in May 2017. The presentation provided an overview of Connecticut Water's business, including its regulated water utilities in Connecticut and Maine which account for 95% of earnings. It also discussed the company's growth strategy of infrastructure investment, acquisitions, and low-risk expansion into complementary water services to supplement regulated earnings. Financial highlights included a strong balance sheet, constructive regulatory environment, and track record of earnings and dividend growth.
Connecticut Water Service, Inc. presented an investor presentation in March 2017. The presentation summarized that CTWS is New England's largest publicly traded water utility, with over $105 million in total revenues in the last 12 months. 95% of earnings come from regulated water operations serving over 440,000 people across Connecticut and Maine. The presentation outlined CTWS' growth strategy of infrastructure investment, acquisitions of other water systems, and supplemental non-regulated earnings. CTWS aims to deliver low-risk growth and shareholder value through its regulated business model and track record of constructive regulatory relations.
This document provides an investor presentation for Crestwood Midstream Partners LP and Crestwood Equity Partners LP. The presentation discusses the companies' repositioning strategy in 2016 to strengthen their balance sheet through cost cutting, reduced capital expenditures, mergers, and debt reduction. It highlights the companies' asset portfolio, contract mix, customer base, and financial outlook. The presentation aims to position the companies for long-term growth potential through competitive assets leveraged to improving commodity prices.
Jp energy january 2016 ubs 1x1 conferenceir_jpenergy
The document provides forward-looking statements and disclaimers regarding a presentation by JP Energy Partners LP. It then summarizes JP Energy Partners' business segments which include crude oil pipelines and storage, refined products terminals and storage, and NGL distribution and sales. The majority of its cash flows are fee-based and come from these three segments. It also provides an overview of JP Energy Partners' achievements that have supported its growth and outlines its financial strategy of maintaining stable cash flows, consistent distribution growth, and financial flexibility. Finally, it provides JP Energy Partners' 2016 Adjusted EBITDA guidance of $50-56 million before considering corporate overhead or acquisitions.
Ctws ir presentation february 2015 - web corrected-orientationctwater
This document is an investor presentation for Connecticut Water Service, Inc. (CTWS) from February 2015. It provides an overview of CTWS, including that it is the largest publicly traded water utility in New England, serving over 400,000 people through regulated water utilities in Connecticut and Maine. It also discusses CTWS' growth strategy of investing in water infrastructure to drive regulated rate base and earnings growth, complemented by low-risk non-regulated water services. The presentation emphasizes CTWS' strong financial position and consistent financial performance.
Enbridge Inc. Second Quarter 2014 Financial ResultsEnbridge Inc.
Speakers:
Al Monaco, President and Chief Executive Officer, Enbridge Inc.
John K. Whelen, Executive Vice President & Chief Financial Officer, Enbridge Inc.
Garanti Bankası Earnings Presentation-BRSA Consolidated Financials Septembe...Garanti Bank
This document provides an earnings presentation summary for 9M12. Key highlights include:
- Balance sheet strength with increasing loans/assets ratio and prudent provisioning maintaining strong coverage levels.
- Healthy profit generation fueled by strong core banking income and efficient cost management, with comparable net profits up 27% YoY and strong returns.
- Continued focus on sustainable revenues through diversified fee sources and strict cost discipline while expanding distribution network.
The document summarizes Integrys Energy Group's fourth quarter 2008 earnings conference call. Key points include:
- Integrys reported $25.6 million in income available for common shareholders for Q4 2008, down from $85.1 million in Q4 2007, largely due to non-cash accounting losses at Integrys Energy Services.
- In response to the economic downturn, Integrys plans to substantially scale back or exit its nonregulated energy services business, reduce capital expenditures at its regulated utilities by 30-40% in 2009-2010, and lower its long-term EPS growth target from 6-8% to 4-6%.
- Integrys also updated its liquidity
This document summarizes Exterran Partners' presentation at the Credit Suisse MLP & Energy Logistics Conference on June 10, 2014. It discusses Exterran Partners' contract operations business, growth strategies including drop down acquisitions from Exterran Holdings, the MidCon acquisition, financial results and outlook, and pro forma debt structure. The presentation highlights Exterran Partners' leading position in the U.S. natural gas compression market, favorable industry trends driving growth, and initiatives to improve performance and profitability.
The document provides an earnings summary for 1Q 2021. Key points include:
- The company has a strong balance sheet with low leverage of 0.6x net debt to EBITDA for 2021 and is focused on generating sustainable free cash flow.
- In 1Q 2021, the company reported $510 million in adjusted EBITDAX and $329 million in free cash flow.
- The company aims to reinvest 60-70% of capital to maintain production of over 400 MBOE/day on $700-750 million in annual capital expenditures.
- The portfolio includes high-quality assets in Appalachia, the Gulf Coast, and South Texas that provide diversification and opportunity for continued development
The document provides an earnings summary for 1Q 2021. Key points include:
- The company has a strong balance sheet with low leverage of 0.6x net debt to EBITDA for 2021 and is focused on generating sustainable free cash flow.
- In 1Q 2021, the company reported $510 million in adjusted EBITDAX and $329 million in free cash flow.
- The company aims to reinvest 60-70% of capital to maintain production of 400+ MBOE/day while returning cash to shareholders through an initial $1.375 per share annual dividend.
- Operating costs were reduced significantly in 1Q 2021 compared to 1Q 2020 through cost restructuring.
This document discusses EnLink Midstream's announced acquisition of Coronado Midstream Holdings LLC for approximately $600 million. Coronado's assets include 175 million cubic feet per day of gas processing capacity, 270 miles of gas gathering pipelines with 35,000 horsepower of compression. Coronado is also constructing an additional 100 million cubic feet per day of processing capacity and expanding its gathering system. The acquisition will expand EnLink Midstream's platform in the Midland Basin and Coronado's assets are underpinned by long-term contracts with producers like Reliance Energy, Diamondback Energy, and RSP Permian.
The document is an investor presentation for EnLink Midstream that outlines the company's strategy, growth opportunities, and financial metrics. The presentation discusses EnLink's focus on stable, fee-based cash flows from long-term contracts, leveraging its relationship with Devon Energy for growth opportunities, and pursuing organic expansion projects and acquisitions. Key growth avenues include expanding existing platforms, dropdown transactions from Devon, and pursuing scale positions in new basins where Devon is active.
This document provides an update on EnLink Midstream's growth initiatives for Q3 2014. It discusses the four avenues for growth: 1) drop downs from Devon Energy, 2) growing with Devon through new projects, 3) organic growth projects, and 4) mergers and acquisitions. Recent progress includes completing the E2 drop down, announcing the Ajax plant and Martin County expansion with Devon, announcing an NGL pipeline JV with Marathon Petroleum and Ohio River Valley expansion, and acquiring Gulf Coast natural gas assets from Chevron. Over $1 billion of projects were recently completed or announced that will deliver an estimated $1 billion more in capital investment.
The document summarizes a presentation given by Barry E. Davis, President and CEO of Crosstex Energy, at a Wells Fargo conference on December 11, 2013. The summary is:
1) Crosstex Energy announced a merger with Devon Energy's midstream assets that would create a larger, more diversified midstream company with increased scale and financial strength.
2) The combined company would have a robust portfolio of gas gathering and processing, NGL and crude oil infrastructure across 8 major U.S. shale plays.
3) Financial forecasts for 2014 estimate the combined company would have over $700 million in adjusted EBITDA, with the MLP contributing $500 million, and both the MLP and
The document discusses EnLink Midstream acquiring Gulf Coast natural gas assets from Chevron. The acquisition expands EnLink's franchise position in Louisiana's growing industrial, refining, and petrochemical market. It generates synergies and enhances the optionality of EnLink's combined natural gas system. The assets acquired include over 985 miles of pipelines in southern Louisiana interconnected to over 50 end-users, as well as offshore pipelines and storage facilities totaling over 11 Bcf of capacity.
This document provides an overview of J.P. Morgan's 4th Annual Infrastructure/MLP 1x1 Forum on May 14, 2015. It begins with forward-looking statements and discussions of risks and uncertainties. It then discusses EnLink Midstream Partners, LP and EnLink Midstream, LLC, including their assets, growth strategies, and financial position. Key aspects include a stable cash flow supported by long-term contracts, organic growth opportunities through Devon Energy's upstream portfolio, and potential for significant growth from future dropdown transactions from Devon. The document outlines four avenues for doubling the size of EnLink by 2017, including dropdowns, growing with Devon, organic projects, and mergers and acquisitions.
EnLink Midstream provides midstream energy services focused on natural gas gathering, processing, transportation and NGL fractionation. Over 95% of its cash flows are fee-based and supported by long-term contracts, providing revenue stability. Its largest customer is Devon Energy, which accounts for over 50% of adjusted EBITDA. EnLink aims to leverage its relationship with Devon to grow its business through potential future asset dropdowns and expanding services for Devon's growing E&P operations.
This presentation by Barry Davis, President and CEO of NAPTP, provides an overview of NAPTP and forward-looking statements. It discusses non-GAAP financial measures used by EnLink Midstream such as adjusted EBITDA, gross operating margin, and segment cash flows. It then summarizes EnLink Midstream's assets including gas gathering pipelines, processing plants, NGL transportation and fractionation facilities. Finally, it provides brief biographies of members of EnLink Midstream's management team.
EnLink Midstream provides a strong operations report for May 3, 2016. The report discusses solid execution of their 2016 plan including meeting guidance targets and stable cash flows. It highlights their premier positions in key basins with high growth demand and confidence in their business model with quality customers and contracts. Segment performance showed growth in the Oklahoma segment from the Tall Oak acquisition and continued growth in the Permian region through expanding infrastructure.
The document discusses a proposed merger between Devon Energy Corporation and Crosstex Energy that would create a new midstream business. Under the terms of the deal, Devon would contribute its U.S. midstream assets to a new entity called Devon Midstream Holdings. Devon would own approximately 70% of the new general partner and 53% of the new master limited partnership. Crosstex Energy shareholders would receive $2 per share and an exchange of shares for units in the new general partner. The combined company would have increased scale and diversification across eight U.S. shale plays with projected 2014 adjusted EBITDA of $700 million. The deal is expected to generate $45 million in annual synergies and provide financial capacity to pursue
This document provides an overview of EnLink Midstream and its strategy for growth. It begins with forward-looking statements and definitions of non-GAAP terms. It then summarizes EnLink's assets and geographic footprint. The main points are:
1) EnLink's strategy is to provide midstream services to customers like Devon Energy, focus on fee-based contracts, leverage Devon sponsorship for growth opportunities, and pursue organic expansion projects.
2) Growth opportunities include potential dropdowns from Devon of $375 million in assets by 2017, expanding in areas where Devon is growing like the Permian Basin and Bearkat project, and organic projects like the Cajun-Sibon expansion.
3) The
EnLink Midstream provides midstream energy services and is focused on four avenues of growth: drop downs from sponsor Devon Energy, growing with Devon's development plans, organic expansion projects, and mergers and acquisitions. EnLink recently completed over $4 billion of projects and acquisitions to expand its presence in the Permian Basin, Eagle Ford, South Louisiana, and Ohio River Valley regions. It has a stable cash flow profile supported by long-term fee-based contracts with Devon and other customers.
EnLink Midstream provides midstream energy services and is focused on growing through four avenues: dropdowns from sponsor Devon Energy, growing with Devon in key regions, organic expansion projects, and mergers and acquisitions. EnLink recently completed over $4 billion of growth projects and acquisitions to expand its presence in the Permian Basin, Eagle Ford, South Louisiana, and Ohio River Valley. It aims to continue growing its integrated midstream systems and leveraging its relationship with Devon Energy.
This document discusses Goldman Sachs' Power, Utilities, MLP & Pipeline Conference in August 2015. It contains forward-looking statements about EnLink Midstream's future financial and operating results that involve risks and uncertainties. It also discusses non-GAAP financial measures used by EnLink Midstream like gross operating margin and segment cash flow. The document outlines EnLink Midstream's strategy of focusing on stability through long-term contracts and organic growth opportunities.
EnLink Midstream provides an investor presentation outlining its strategy of stable cash flows through long-term fee-based contracts combined with organic growth and dropdown acquisitions from sponsor Devon Energy. The presentation highlights EnLink's recent $4.2 billion of growth projects across multiple regions, executed using cash from operations without additional debt. It identifies four avenues of future growth: additional dropdowns from Devon, expanding with Devon's development plans, organic expansion projects, and mergers and acquisitions.
EnLink Midstream is pursuing growth through four avenues: 1) dropdown acquisitions from sponsor Devon Energy, 2) expanding with Devon in key regions like the Anadarko Basin, 3) organic growth projects like expanding pipelines and plants, and 4) mergers and acquisitions. EnLink has a large portfolio of midstream assets across major basins in the US and a stable cash flow supported by long-term contracts, positioning it for sustainable growth through these avenues to potentially double in size by 2017.
EnLink Midstream provides midstream energy services and is focused on four avenues for growth: dropdowns from sponsor Devon Energy, growing with Devon's development plans, organic expansion projects, and mergers and acquisitions. EnLink has a diverse portfolio of long-term, fee-based contracts that provide stable cash flows. Recent growth includes potential dropdowns from Devon of pipelines in 2016 and expansion in regions like South Louisiana and West Texas.
The document discusses EnLink Midstream Partners, LP, a master limited partnership focused on midstream energy services. It notes that EnLink has a stable cash flow due to 95% of contracts being fee-based and 50% from long-term Devon contracts. It also highlights EnLink's organic growth strategy through expansion projects in regions like South Louisiana, West Texas, and Ohio River Valley. Finally, it identifies four avenues for future growth: dropdowns from sponsor Devon Energy, organic expansion projects, third-party acquisitions, and potential new basin development with Devon.
The document discusses Morgan Stanley's MLP Bus Tour and provides an overview of EnLink Midstream. It notes that EnLink has stable cash flows from long-term fee-based contracts, including a significant portion from its sponsor Devon Energy. It is focused on executing in its core areas of Oklahoma, Permian Basin, and Louisiana. EnLink has a strong financial position as an investment grade company with a $1.5 billion credit facility and high-quality customers.
EnLink Midstream Partners, LP presented its investor presentation for March 2-4, 2015. The presentation discusses EnLink's strategy of providing stable cash flows through long-term fee-based contracts while pursuing growth opportunities through dropdown acquisitions from sponsor Devon Energy and organic expansion projects. The presentation provides 2015 guidance including adjusted EBITDA of $740 million and outlines EnLink's four avenues for growth: dropdowns from Devon, growing with Devon's production, organic expansion projects, and mergers and acquisitions. Recent progress includes completing the E2 dropdown and announcing expansion projects in West Texas, Ohio River Valley, and a joint venture project in Louisiana.
EnLink Midstream held its 20th Annual Energy Summit on February 23-24, 2015. The presentation discusses EnLink's strategy of providing stable cash flows through long-term fee-based contracts while also pursuing growth opportunities. It highlights four avenues for growth: drop downs from Devon Energy, growing with Devon's production in key areas, organic expansion projects, and mergers and acquisitions. Recent progress includes completing drop downs and announcing expansion projects in various regions for over $2.5 billion in total capital commitments. Guidance forecasts continued stability and distribution growth through 2015.
This document provides an overview of JP Morgan's Energy Oklahoma City SCOOP/STACK & Houston Bus Tour on May 17, 2016. It includes forward-looking statements about future financial and operating results with various risk factors that could impact projections. It also contains non-GAAP financial measures and definitions. The presentation shows stable financial results for ENLK in Q1 2016 with adjusted EBITDA of $195 million, distribution coverage of 1.09x, and leverage of 3.8x debt to EBITDA. It highlights EnLink's premier positions in top U.S. oil and gas basins as well as its focus on execution and stability.
The document summarizes EnLink's operations report for August 2016. Key points include:
- EnLink revised 2016 guidance, increased adjusted EBITDA to $750-800 million.
- Q2 2016 results showed adjusted EBITDA of $187.4 million and cash available for distribution of $49.8 million.
- EnLink continues focus on core strategies of maximizing cash flows, executing growth projects, and providing best-in-basin service.
The document provides an operations report for August 3, 2016 that contains forward-looking statements and non-GAAP financial measures. It discusses key risks and uncertainties that could impact financial and operational results. It also contains disclaimers around the use of non-SEC compliant resource estimates and non-GAAP measures, urging investors to consider disclosures in SEC filings.
1. The document reports on the operations and financial results of EnLink Midstream for February 2016. It highlights record adjusted EBITDA of $728 million for 2015 and distribution coverage ratios of around 1.0x and 1.2x.
2. EnLink Midstream executed on its strategy in 2015 by completing $4.5 billion in acquisitions, growth projects, and asset drop downs. This expanded its footprint in key resource plays like the STACK, Midland Basin, and Delaware Basin.
3. The company is well positioned for continued growth in 2016, with projections for increased gas processing volumes, crude/condensate volumes, and rigs operating on dedicated acreage compared to 2014 levels.
This document provides an overview of Jefferies Energy Conference and includes forward-looking statements and notices about the presentation. It discusses EnLink Midstream's 3rd quarter 2016 financial highlights including refining their consolidated adjusted EBITDA guidance range to $760-790 million, achieving approximately $201 million in adjusted EBITDA before non-controlling interest for ENLK in 3Q16, and a debt ratio of approximately 3.75 times. It also includes notices about non-GAAP financial measures used and forward-looking statements.
The operations report discusses first quarter 2017 execution across EnLink's asset portfolio. Key highlights include expansion projects in Central Oklahoma bringing total processing capacity to nearly 1 Bcf/d by year-end. In the Delaware Basin, the Lobo system is expanding its capacity to 185 MMcf/d. The Ascension pipeline began operations in Louisiana. In the Midland Basin, the Chickadee crude oil gathering system became operational. Overall, EnLink continues focused execution across its integrated asset base.
- EnLink Midstream reported financial and operational results for the second quarter of 2017, delivering earnings and volume growth. Adjusted EBITDA was $209.7 million, up from $207.6 million in the previous quarter.
- Volume growth across their assets in key basins like the Permian Basin, Central Oklahoma and Louisiana was driven by ongoing drilling and completion activity from producers like Devon Energy.
- Rigs counts have remained consistent in EnLink's core basins, and existing well inventory is expected to support volume growth through 2017 to meet guidance targets.
EnLink Midstream provides an overview of its business including its financial and operational highlights for 3Q 2016. Key points include refined 2016 Adjusted EBITDA guidance of $760-790 million, 3Q 2016 Adjusted EBITDA before non-controlling interest of ~$201 million, and distribution coverage ratios of 1.05x for ENLK and 1.07x for ENLC. EnLink also discusses its growth strategy, positioned across multiple basins and services, and commitment to financial strength with leverage of 3.75x debt to Adjusted EBITDA.
EnLink Midstream reported strong third quarter 2016 results, with adjusted EBITDA of approximately $201 million. Operations in the core growth areas of the STACK, SCOOP, and Cana Woodford in Oklahoma performed well, with volumes on recently acquired assets up 85% compared to the first quarter. Louisiana gas volumes were near record levels at 1.75 billion cubic feet per day. EnLink remains focused on executing its $6 billion growth program through expanding existing assets and strategic acquisitions.
1) EnLink Midstream provides guidance for 2017 including adjusted EBITDA of $815-885 million and distributable cash flow of $590-650 million.
2) Capital expenditures are projected to be $590-750 million focused on growth projects in core areas like Central Oklahoma, Delaware Basin, and Louisiana.
3) Volume growth is expected across all segments, especially in Central Oklahoma where volumes are projected to increase 180% year-over-year.
Similar to Mufg conference presentation final (20)
En link midstream announces avenger delaware crude gathering system finalEnLinkMidstreamLLC
EnLink Midstream Partners, LP announces the construction of a new 100 mile crude oil gathering system in the Delaware Basin called the Avenger Delaware Crude Gathering System. The system will gather crude from acreage dedicated by Devon in the Todd and Potato Basin areas, where Devon announced two of the basin's best producing wells. The 10-year agreement with Devon provides stable cash flow. The project establishes another multi-commodity position in a key growth basin and furthers EnLink's strategy of partnering with major producers in core areas.
This document provides an update on EnLink Midstream's strategic partnership. It announces that Global Infrastructure Partners will acquire Devon Energy's entire interest in EnLink. This will allow EnLink to continue its strong, long-term relationship with Devon by maximizing positions in key regions and extending certain contracts to 2029. The acquisition also executes on EnLink's growth strategies by providing increased opportunities and capabilities. Overall, the change marks the next chapter of growth for EnLink from a position of strength.
- The document provides an operations report for the first quarter of 2018, including forward-looking statements about projected financial and operational results that are subject to risks and uncertainties.
- It defines several non-GAAP financial measures used in the report such as gross operating margin, adjusted EBITDA, distributable cash flow, and cash available for distribution.
- Other terms are also defined such as growth capital expenditures, maintenance capital expenditures, segment profit, debt to adjusted EBITDA ratio, and minimum volume commitments.
- The document provides an operations report for the first quarter of 2018, including forward-looking statements about projected financial and operational results that are subject to risks and uncertainties.
- It defines several non-GAAP financial measures used in the report such as gross operating margin, adjusted EBITDA, distributable cash flow, and cash available for distribution.
- Other terms are also defined such as growth capital expenditures, maintenance capital expenditures, segment profit, debt to adjusted EBITDA ratio, and minimum volume commitments.
EnLink Midstream reported strong operational and financial results for 4Q and full-year 2017. The company exceeded its guidance targets for the year, including net income, adjusted EBITDA, distribution coverage, and leverage ratio. Operationally, the company increased volumes across its systems, with significant growth in the Delaware Basin and on its Oklahoma and Midland Basin assets. Looking ahead, EnLink is well positioned for continued growth due to rig activity by producer customers outpacing broader market trends and an inventory of opportunities across its asset portfolio.
This document provides guidance for EnLink Midstream's 2018 financial and operational performance. It begins with forward-looking statements and risk factors that could impact projections. The guidance projects adjusted EBITDA, distributable cash flow, debt levels, distribution coverage, capital expenditures, and segment profit. Non-GAAP terms are defined, including adjusted EBITDA and distributable cash flow.
- The document provides EnLink Midstream's 3rd quarter 2017 operations report, which summarizes financial and operational results and reaffirms guidance.
- EnLink reported adjusted EBITDA at the high end of guidance for 3Q17, driven by strong volume growth. Organic projects are expected to generate significant cash flow going forward.
- Volumes on gas gathering and processing systems grew substantially in key areas like the Permian Basin and Louisiana year-over-year and quarter-over-quarter.
- The document provides EnLink Midstream's 3rd quarter 2017 operations report, which summarizes financial and operational results and reaffirms guidance.
- EnLink reported adjusted EBITDA at the high end of guidance for 3Q17, driven by strong volume growth. Organic projects are expected to generate significant cash flow going forward.
- Volumes on gas gathering and processing systems grew substantially in key areas like the Permian Basin and Louisiana year-over-year and quarter-over-quarter.
The document provides an operations report for February 14, 2017. It includes forward-looking statements about guidance, projections, and objectives that involve risks and uncertainties. It also discusses non-GAAP financial measures used by the company such as adjusted EBITDA and distributable cash flow. For 2016, the company delivered on its financial and operational priorities by outperforming its adjusted EBITDA guidance, meeting its capital expenditure targets, and achieving distribution coverage above 1.0x. ENLC also met its cash available for distribution guidance and distribution coverage targets for 2016.
The document discusses the Greater Chickadee Crude Oil Gathering Project, which will involve building approximately 150 miles of pipelines and central tank batteries in the Permian Basin to gather and deliver crude oil from dedicated acreage. The project represents an expansion of the company's integrated crude oil platform in one of the top oil and gas producing regions. It is expected to begin partial service in late 2016 and full service in early 2017, supported by long-term agreements with major Permian producers for over 35,000 dedicated acres currently producing more than 10,000 barrels per day.
EnLink Midstream / Tall Oak Midstream Acquisition Investor CallEnLinkMidstreamLLC
Tall Oak Midstream is acquiring assets in Oklahoma that will expand EnLink Midstream's presence in the core of the STACK and CNOW plays. The acquisition aligns with Devon Energy, who will be the largest customer on the system. It provides EnLink with long-term, fee-based contracts averaging 15 years. The financing structure is expected to be accretive to EnLink's distributions and maintain its investment grade credit rating. The transaction strengthens the relationship between EnLink and Devon while diversifying their businesses and further aligning their growth plans.
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MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESWilliamRodrigues148
Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. They are managed by professional portfolio managers or investment companies who make investment decisions on behalf of the fund's investors.
2. Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking
statements are not guarantees of performance. They involve risks, uncertainties and assumptions. The future results of
EnLink Midstream, LLC, EnLink Midstream Partners, LP and their respective affiliates (collectively known as “EnLink
Midstream”) may differ materially from those expressed in the forward-looking statements contained throughout this
presentation and in documents filed with the Securities and Exchange Commission (“SEC”). Many of the factors that will
determine these results are beyond EnLink Midstream’s ability to control or predict. These statements are necessarily
based upon various assumptions involving judgments with respect to the future, including, among others, drilling levels;
the dependence on Devon Energy Corporation for a substantial portion of the natural gas that EnLink Midstream
gathers, processes and transports; the risk that EnLink Midstream will not be integrated successfully or that such
integration will take longer than anticipated; the possibility that expected synergies will not be realized, or will not be
realized within the expected timeframe; EnLink Midstream’s lack of asset diversification; EnLink Midstream’s
vulnerability to having a significant portion of its operations concentrated in the Barnett Shale; the amount of
hydrocarbons transported in EnLink Midstream’s gathering and transmission lines and the level of its processing and
fractionation operations; fluctuations in oil, natural gas and natural gas liquids (NGL) prices; construction risks in its
major development projects; its ability to consummate future acquisitions, successfully integrate any acquired
businesses, realize any cost savings and other synergies from any acquisition; changes in the availability and cost of
capital; competitive conditions in EnLink Midstream’s industry and their impact on its ability to connect hydrocarbon
supplies to its assets; operating hazards, natural disasters, weather-related delays, casualty losses and other matters
beyond its control; and the effects of existing and future laws and governmental regulations, including environmental
and climate change requirements and other uncertainties and other factors discussed in EnLink Midstream’s Annual
Reports on Form 10-K for the year ended December 31, 2013, and in EnLink Midstream’s other filings with the SEC.
You are cautioned not to put undue reliance on any forward-looking statement. EnLink Midstream has no obligation to
publicly update or revise any forward-looking statement, whether as a result of new information, future events or
otherwise.
2
3. Non-GAAP Financial Information
This presentation contains non-generally accepted accounting principle financial measures that EnLink Midstream refers
to as adjusted EBITDA, gross operating margin and segment cash flows. Adjusted EBITDA is defined as net income
plus interest expense, provision for income taxes, depreciation and amortization expense, stock-based compensation,
(gain) loss on noncash derivatives, transaction costs, distribution of equity investment and non-controlling interest; and
income (loss) on equity investment. Gross operating margin is defined as revenue less the cost of purchased gas,
NGLs, condensate and crude oil. Segment cash flows is defined as revenue less the cost of purchased gas, NGLs,
condensate, crude oil and operating and maintenance expenditures. The amounts included in the calculation of these
measures are computed in accordance with generally accepted accounting principles (GAAP) with the exception of
maintenance capital expenditures.
EnLink Midstream believes these measures are useful to investors because they may provide users of this financial
information with meaningful comparisons between current results and prior-reported results and a meaningful measure
of EnLink Midstream’s cash flow after it has satisfied the capital and related requirements of its operations.
Adjusted EBITDA, segment cash flows and gross operating margin, as defined above, are not measures of financial
performance or liquidity under GAAP. They should not be considered in isolation or as an indicator of EnLink
Midstream’s performance. Furthermore, they should not be seen as measures of liquidity or a substitute for metrics
prepared in accordance with GAAP.
3
5. Introduction to EnLink Midstream
• One of the largest and most stable midstream entities across the
universe of peer midstream companies
• Conservative financial policy targeting <3.5x debt/adjusted EBITDA
at ENLK
• Contributed Devon legacy midstream assets underpinned by 10-
year contracts with five-year minimum volume commitments,
providing stable cash flows and volume stability
• EnLink Midstream consolidated gross operating margin contribution
is expected to be ~95% fee-based for 2014
• EnLink Midstream has an investment-grade credit profile that is
consistent with Devon’s conservative financial policy and capital
structure
Background
Key
Credit
Attributes
5
• Formed in March 2014 when Devon Energy Corporation (“Devon”)
combined most of its U.S. midstream assets with those of Crosstex
Energy, Inc. and Crosstex Energy, L.P. to form EnLink Midstream
• Devon directly owns ~70% of EnLink Midstream, LLC and ~52% of
EnLink Midstream Partners, LP and has majority board
representation in the companies (together, “EnLink Midstream”)
Note: Adjusted EBITDA and gross operating margin are non-GAAP financial measures and are explained on page 3.
6. EnLink Midstream Partners, LP
Master Limited Partnership
NYSE: ENLK
(BBB / Baa3)
EnLink Midstream, LLC
General Partner
NYSE: ENLC
Public
Unitholders
~70% ~30%
~1% GP
~7% LP
EnLink Midstream Holdings
(formerly Devon Midstream Holdings)
~52%
LP
~40%
LP
50% LP
Devon Energy
Corp.
NYSE: DVN
(BBB+ / Baa1)
GP + 50% LP
The Vehicle for Sustainable Growth:
MLP Structure with a Premier Sponsor
6
Dist./Q Split Level
< $0.2500 2% / 98%
< $0.3125 15% / 85%
< $0.3750 25% / 75%
> $0.3750 50% / 50%
Current
Position
ENLC owns 100% of IDRs
~50%
LP
8. Strategically
Located and
Complementary
Assets
Strong Balance
Sheet and Credit
Profile
Proven
Management
Track Record &
Long-Standing
Relationship
Significant
Sponsor Support
From Devon
Energy
Corporation
Substantial
Scale and Scope
Diverse, Fee-
Based Cash
Flows
EnLink Midstream Investment
Considerations
8
9. Gathering System
Processing Plant
Fractionation Facility
North Texas Systems
Louisiana Gas System
Louisiana NGL System
Cajun-Sibon Expansion
Howard Energy
Ohio River Valley Pipeline
Storage
Crude & Brine Truck Station
Brine Disposal Well
Barge Terminal
Rail Terminal
Condensate Stabilizers
(1) Increasing to 7 facilities with 252,000 Bbl/d of total net capacity upon completion of the
Cajun-Sibon phase II expansion expected in the second half of 2014.
AUSTIN CHALK
EAGLE
FORD
PERMIAN
BASIN
CANA-WOODFORD
ARKOMA-
WOODFORD
BARNETT
SHALE
HAYNESVILLE
& COTTON
VALLEY
UTICA
MARCELLUS
LA
TX
OK
OH
WV
PA
The Vehicle for Sustainable Growth:
Strategically Located and Complementary
Assets
Gas Gathering and Transportation
~7,300 miles of gathering and
transmission lines
Gas Processing
12 plants with 3.3 Bcf/d of total
net inlet capacity
1 plant with 60 MMcf/d of net inlet
capacity under construction
NGL Transportation,
Fractionation and Storage
~570 miles of liquids transport line
6 fractionation facilities with
180,000 Bbl/d of total net capacity(1)
3 MMBbl of underground NGL storage
Crude, Condensate and Brine Handling
200 miles of crude oil pipeline
Barge and rail terminals
500,000 Bbl of above ground storage
100 vehicle trucking fleet
8 Brine disposal wells
9
10. North Texas Synergies:
Operational Flexibility
10
Synergies Goal:
Reduce O&M costs or
Increased revenues
$20 MM annually
Currently implementing projects that
save ~$4 MM annually
Interconnect systems reducing rental
compression
Flow reconfiguration lowering system
pressures / offsetting production
declines
Increased blending of gas to reduce
treating costs
Increased market share by providing
producers more alternatives to
receipt points, access markets, lower
pressures
11. The Vehicle for Sustainable Growth:
Diverse, Fee-Based Cash Flows
Devon is EnLink Midstream’s largest customer
(>50% of consolidated 2014E adjusted EBITDA*)
EnLink Midstream’s growth projects focused on crude/NGL services and rich gas processing
Strong emphasis on fee-based contracts
2014E EnLink Midstream Consolidated
Gross Operating Margin*
95%
5%
By Contract Type
Texas
57%
19%
Ohio
5%
Okla.
19%
By Region
56%
Devon
44%
Other
By Customer
Fee-Based
Commodity
Sensitive
* Gross operating margin and adjusted EBITDA percentage estimates are provided for illustrative purposes and reflect period following transaction closing (2Q-4Q 2014).
Note: Adjusted EBITDA and gross operating margin are non-GAAP financial measures and are explained on page 3.
Louisiana
11
12. 12
Each of EnLink Midstream’s segments benefits from the stability provided by long-term, fee-based contracts
Segment / Key Contract
% of Q4 2014
Segment
Cash Flow
Texas
New Devon Bridgeport Contract - 10 years with 5 year MVC
85%
New Devon East Johnson County Contract - 10 years with 5 year MVC
Existing FT Transmission & Gathering - Volume Commitments with remaining terms of 2-10 years
Apache Deadwood Plant - Dedicated interest with 8.5 years remaining on 10 year term
Bearkat Plant - Volume Commitment with 10 year term from initial flow
Oklahoma
New Devon Cana Contract - 10 years with 5 year MVC
100%
New Devon Northridge Contract - 10 years with 5 year MVC
Louisiana
North LIG Firm Transport - Reservation fee with avg remaining life of 4 years
70%
Firm Treating & Processing - Remaining term minimum 2 years
Cajun-Sibon Phases I & II - 5 & 10 year agreements for supply and sale of key products
ORV
E2 Compression / Stabilization Contract - 7 years ~30%
% of Total Segment Cash Flow in Q4 2014 ~80%
Note: Segment cash flow is a non-GAAP financial measure and is explained in greater detail on page 3.
The Vehicle for Sustainable Growth:
Stable & Diversified Cash Flows
13. Term: 10 year initial term (acreage dedication), year-to-year thereafter; 5 year minimum volume commitment
Financial terms: Per-MMbtu fees for gathering and processing with CPI escalator
Volume Commitment: Approximately 88% of expected volumes for the 12 months ending 9/30/2014
Gathering and Processing Obligation: EnLink Midstream obligated to gather and process on a firm basis
Downstream Marketing: Devon is responsible for nominations and scheduling of redelivered residue gas,
condensate and NGLs
Well Connections: EnLink Midstream is responsible for connecting wells located within three miles of the pipeline
system at its cost; at greater than three miles, EnLink Midstream has the right, but not the obligation to connect wells
Contract
Contract
Term (Years)
Minimum
Gathering
Volume
Commitment
(MMcf/d)
Minimum
Processing
Volume
Commitment
(MMcf/d)
Minimum
Commitment
Term (Years)
Annual Rate
Escalator
Bridgeport gathering and processing contract 10 850 650 5 CPI
East Johnson County gathering contract 10 125 - 5 CPI
Northridge gathering and processing contract 10 40 40 5 CPI
Cana gathering and processing contract 10 330 330 5 CPI
Legacy Devon Midstream assets supported by fee-based contracts with minimum volume guarantees for five years
13
The Vehicle for Sustainable Growth:
Strong Sponsor Support from Devon
14. The Vehicle for Sustainable Growth:
Strong Balance Sheet and Liquidity
Devon assets contributed with no debt
Investment grade balance sheet at ENLK (BBB / Baa3) provides
low cost of capital
Long-term commitment to investment grade metrics (debt/adjusted
EBITDA <3.5x)
Expected long-term distribution growth of high single digits at
ENLK
Expected long-term distribution growth of 20% at ENLC
Combined Enterprise value of approximately $14 Billion
̶ LP Enterprise Value of ~$8 Billion
̶ GP Enterprise Value of ~$6 Billion
14
15. Management Team Experience
Barry Davis
President & CEO
Barry Davis is President and Chief Executive Officer of EnLink Midstream. Mr. Davis led the founding
of Crosstex Energy in 1996 prior to the initial public offerings of Crosstex Energy, L.P. in 2002 and
Crosstex Energy, Inc. in 2004. Under his leadership, Crosstex evolved into a significant service
provider in the energy industry’s midstream business sector.
Joe Davis
EVP & General Counsel
Joe Davis is Executive Vice President and General Counsel of EnLink Midstream. Mr. Davis joined
Crosstex Energy in 2005 after serving as a partner at Hunton & Williams, an international law firm,
where he also was a member of the executive committee. Mr. Davis began his legal career at
Worsham Forsythe, which merged with Hunton & Williams in 2001.
Michael Garberding
EVP & CFO
Michael Garberding is Executive Vice President and Chief Financial Officer of EnLink Midstream.
Previously, Mr. Garberding held various positions at Crosstex Energy, including Executive Vice
President and Chief Financial Officer, and Senior Vice President of Business Development and
Finance. Prior to joining Crosstex in 2008, Mr. Garberding was assistant treasurer at TXU Corp. where
he focused on structured transactions such as project financing for coal plant development and the
sale of TXU Gas Company.
Steve Hoppe
EVP & President of Gas Gathering,
Processing and Transportation
Steve Hoppe is Executive Vice President and President of the Gathering, Processing and
Transportation Business of EnLink Midstream. Mr. Hoppe previously served as Vice President of
Midstream Operations for Devon, which he joined in 2007. Prior to joining Devon, Mr. Hoppe spent
eight years at Thunder Creek Gas Services, most recently serving as president.
EnLink Midstream management team is comprised of former Crosstex and Devon senior management
and other experienced midstream leaders
McMillan (Mac) Hummel
EVP & President of NGL
and Crude Oil
Mac Hummel is Executive Vice President and President of the Natural Gas Liquids and Crude
Business of EnLink Midstream. Mr. Hummel previously served as Vice President of Commodity
Services at Williams Companies Inc. since 2013, and prior to that he served as Vice President, NGLs
& Olefins at Williams from 2010 to 2012. Mr. Hummel worked at Williams for 29 years.
The Leadership:
Experienced Management Team with a
Proven Track Record
15
17. Near-term focus on
platform expansion
opportunities
Longer-term focus on
pursuing scale
positions in new
basins, especially in
areas where Devon is
active
South Louisiana
Liquids Expansions –
Cajun-Sibon
West Texas Gas
Expansions – Bearkat
Other focused areas
for growth
Potential Areas where
Devon Needs
Infrastructure
̶ Eagle Ford
̶ Permian Basin
̶ Oklahoma
̶ New Basins
Destination 2017:
The Four Avenues for Growth
17
E2 dropdown
Dropdown of legacy
Devon midstream
assets at ENLC
Potential Access
Pipeline dropdown
Potential Eagle Ford
Victoria Express
Pipeline dropdown
Dropdown
Opportunities
Growing
With Devon
Organic Growth
Projects
Mergers &
Acquisitions
AVENUE 1 AVENUE 2 AVENUE 3 AVENUE 4
18. Avenue 1: Future Dropdowns
Devon Sponsorship Creates Dropdown
Opportunities
18
Estimated Capital Cost:
$80 MM
Estimated Capital Cost:
$1.0 B
Estimated Acquisition Cost:
$2.4 B
Estimated Capital Cost:
$70 MM
2014 2015 2016 2017
Devon Sponsorship Provides Potential for ~$375 MM of Cash Flow from Dropdowns
Other Potential Devon Dropdowns
E2 Legacy Devon Midstream Assets
Access Pipeline
Victoria Express
Pipeline
Cautionary Note: The information on this slide is for illustrative purposes only. No agreements or understandings exist regarding the terms of these potential dropdowns, and
Devon is not obligated to sell or contribute any of these assets to EnLink. The completion of any future dropdown will be subject to a number of conditions. The capital and
acquisition cost information on this slide is based on management’s current estimates and current market information and is subject to change.
19. Note: Capital spend figures exclude capitalized G&A and interest, midstream and other corporate capital. For 2014, this represents approximately $1.4 billion.
Devon 2014 E&P Capital Budget
$5.0 - 5.4 Billion
Avenue 2: Growing With Devon
Serving Devon’s Needs is a Priority
Devon has significant financial incentive to contract
midstream development with EnLink
̶ 70% ownership of ENLC, 52% ownership of ENLK
̶ Once EnLink enters the 50% level of the splits,
approximately $0.60 of each incremental $1.00
distributed by EnLink goes to Devon
Devon has historically spent $350-$700 MM
annually on midstream capital expenditures
28%
21%21%
7%
5%
11%
2% 5%
Permian Basin
Eagle Ford
Heavy Oil
Anadarko Basin
Barnett Shale
Emerging Oil
Other
Non-Core Assets
$0
$100
$200
$300
$400
$500
$600
$700
$800
2011 2012 2013 2014E
Devon Historical Midstream
Capital Expenditures
($MM)
19
20. Avenue 3: Organic Growth
Significant Organic Growth Projects
Already Underway
20
South Louisiana
Platform Expansion
• Focused on bolt-on expansions around premier
South Louisiana liquids position
• Cajun-Sibon expansion expected to be operational in 2014
• Increasing utilization of existing NGL asset base
West Texas
Platform Expansion
3rd Party Growth
Around Legacy Devon
Midstream Assets
• Significant bolt-on expansion opportunities around Cana-
Woodford and Barnett Shale assets
• Commercial teams currently in discussions with various
potential producers
Develop Canadian Oil
Sands Presence
• Access Pipeline creates platform for significant growth in Alberta
Canada
• Will have commercial teams looking at additional expansions
and services
• Focused on providing associated gas processing and high pressure
gathering services
• Bearkat plant and high pressure gathering pipelines expected to be
complete in 2014
• Excess pipeline capacity opportunity for continued growth
21. Organic Growth Project
Cajun-Sibon Expansion
258 miles of NGL pipeline from Mont Belvieu area to NGL fractionation assets
in south Louisiana (195 miles new, 63 miles re-purposed)
140 MBbl/d south Louisiana fractionation expansion
Phase I completed fourth quarter 2013; Phase II projected completion in fourth
quarter 2014
Expected run-rate adjusted EBITDA of Phase I and Phase II ~$115 MM
21
Note: Adjusted EBITDA is a non-GAAP financial measure and is explained in greater detail on page 3.
22. Organic Growth Project
Bearkat Processing & Gathering System
Builds on success of Deadwood joint
venture with Apache, which was on-time,
on-budget and is near full capacity
~ 60 MMcf/d processing plant
~65-mi., 12” gathering system with
combined capacity of 200,000 Mscf/d
~65-mi., 6” lean gas fuel line – providing
producer fuel and gas lift
Supported by long-term, fee-based
contracts with multiple producers
Completion expected in second half of
2014
22
23. Avenue 4: Mergers & Acquisitions
Near-term focus on platform expansion opportunities
Longer-term focus on pursuing scale positions in new basins,
especially in areas where Devon is active
Superior financing capabilities already in place
̶ Low cost of capital with investment grade balance sheet (BBB / Baa3)
̶ Significant flexibility with approximately $1.0 billion of liquidity at ENLK
Potential to pursue strategic acquisitions jointly with Devon
23
24. EnLink Midstream Today & Tomorrow
EnLink Midstream
Today
EnLink Midstream
Potential Future in 2017
24
South Louisiana
Growth: Cajun-
Sibon
West Texas
Growth: Bearkat
Victoria
Express
Dropdown
Complete
E2
Dropdown
Complete
Other Potential Step Changes
Other
Growth
Factors
• Growth from Serving Devon
• Mergers & Acquisitions
Potential
for $375 MM
of Additional
Cash Flows from
dropdowns
Heavy Oil
Access
Pipeline
Dropdown
Complete
CANADIAN
OIL
SANDS
Significant
Organic Growth
Projects
Underway
Midstream
Holdings
Dropdown
Complete
25. Sustainable
Growth
Substantial
Scale &
Scope
Diverse,
Fee-Based
Cash Flow
Strong B/S
Credit Profile
25
• Investment grade balance sheet at ENLK (BBB, Baa3)
• Debt/EBITDA of ~3.5x
• ~$1.0 billion in liquidity
• ~ 95% fee-based margin
• Projects focused on crude/NGL services and
rich gas processing
• Balanced cash flow (Devon ~50%)
• Total consolidated enterprise value of ~$14 billion
• Projected 2014 Adjusted EBITDA: $675 million
• Geographically diverse assets with presence in
major US shale plays
• Stable base cash flow supported by long-term contracts
• Organic growth opportunities through Devon’s
upstream portfolio
• Potential additional cash flow from dropdowns: ~$375 million
Louisiana
ORV
Long Term Vision:
EnLink’s Key Financial Attributes
Note: Adjusted EBITDA is a non-GAAP financial measure and is explained in greater detail on page 3.
27. North Texas Assets
Positioned for Long-Term Performance
Gathering
3,640 miles of pipeline
2,600 MMcf/d capacity
Processing
4 plants 1,100 MMcf/d capacity
1 Stabilizer 5 MBbl/d
Truck and rail loading
Fractionation
1 plant, 15 MBbl/d capacity
Transportation
Gas Pipelines
̶ 260 miles of pipeline
̶ 1,300 MMcf/d capacity
NGL Pipelines
̶ 30 Miles
̶ 20 MBbl/d capacity
27
28. Permian Assets:
A Platform in a Prolific Basin
Gathering
65 miles of pipeline under
construction
65 miles of fuel and gas lift
pipeline under construction
200 MMcf/d capacity under
construction
Processing
1 plant, 58 MMcf/d capacity
(50% interest with Apache)
1 plant under construction, 60
MMcf/d capacity
Truck and rail loading
Fractionation
1 plant, 15 MBbl/d capacity
28
30. Louisiana Assets:
Growing Gulf Coast Capabilities
Crude Handling
2 terminals
~18 MBbl/d capacity
Natural Gas
Transportation
2,000 miles of intra-
state pipelines
2.0 Bcf/d of capacity
Natural Gas
Processing
6 plants
2.5 Bcf/d of capacity
NGL Transportation
120 MBbl/d capacity
post-Cajun-Sibon
789 miles of NGL
pipeline in service
119 miles of NGL
pipeline under
construction
NGL Fractionation
4 plants, ~150
MBbl/d capacity
1 plant under
construction, 100
MBbl/d capacity
NGL Storage
3.2 MMBbl of
underground NGL
storage capacity
30
*
* The Gulf Coast Fractionator is located in Mont Belvieu Texas and is 38.75% owned by Devon. ENLK owns a contractual right to the economics of Devon’s
interest in the Gulf Coast Fractionator. The facility has a capacity of ~145 MBbl/d.
31. Ohio River Valley Assets:
Established History of Service
Crude/Condensate Transportation
200 miles of crude pipeline, 17 MBbl/d
capacity
2,500 miles of unused right-of-way
Truck fleet capacity of 25 MBbl/d
Barge terminal on Ohio River
Rail terminal on Ohio Central Railroad
Crude/Condensate Storage
~600 MBbl of above ground storage
Brine disposal wells
8 total wells – 6 owned, 2 jointly-owned in a
50/50 joint venture
E2 Compression & Condensate
Stabilization
E2 is ~93% owned by ENLC and ~7%
owned by E2 management
Capacity of 320 MMcf/d and 16,000 Bbl/d
Two facilities completed, one under
construction
31
32. Howard Energy Investment:
Strategic South Texas Asset Footprint
32
Howard Energy Partners (“HEP”) is a high growth midstream
company with a strategically located asset base in the western
Eagle Ford in South Texas
HEP is 31% owned by ENLK, 59% owned by Alinda Capital
Partners and 10% owned by HEP management
~70% of cash flow underwritten by firm contracts with
minimum volume commitments
Natural Gas
Gathering
• ~550 miles of pipeline
Processing
• 1 plant
• 200 MMcf/d capacity
Liquids Logistics
Storage
• 225,000 Bbl capacity
Stabilization facility
• 10,000 Bbl/d capacity
Rail park with access to Union
Pacific Railroad from San Antonio
to Corpus Christi