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Access Midstream Partners, L.P. Reports Financial Results for the 2013 Second Quarter

  Access Midstream Partners, L.P. Reports Financial Results for the 2013
  Second Quarter

   Partnership Reports 2013 Second Quarter Adjusted EBITDA of $207 Million,
    Distributable Cash Flow of $153 Million and Net Income of $69 Million

       Partnership Increases Quarterly Distribution to $0.485 per Unit

Business Wire

OKLAHOMA CITY -- July 30, 2013

Access Midstream Partners, L.P. (NYSE:ACMP) today announced financial results
for the 2013 second quarter. The Partnership’s adjusted EBITDA for the 2013
second quarter totaled $206.6 million, an increase of $85.7 million, or 70.9%,
from 2012 second quarter adjusted EBITDA of $120.9 million. Net income
attributable to the Partnership totaled $69.2 million in the 2013 second
quarter, an increase of $17.6 million, or 34.1%, from the 2012 second quarter.
Distributable cash flow (DCF) for the 2013 second quarter totaled $152.7
million, an increase of $65.4 million, or 74.9%, from 2012 second quarter DCF
of $87.3 million and resulted in a distribution coverage ratio of 1.56.
Financial terms are defined on pages two and three of this release.

Throughput for the 2013 second quarter totaled 333.5 billion cubic feet (bcf)
of natural gas, or 3.67 bcf per day, an increase of 27.9% from 2012 second
quarter throughput of 2.87 bcf per day. The increase was driven primarily by
throughput from the Eagle Ford and Haynesville assets acquired in December
2012, as well as an increase in Marcellus throughput. The Partnership’s
revenues for the 2013 second quarter totaled $247.2 million, an increase of
$97.9 million, or 65.6%, compared to 2012 second quarter revenues of $149.3
million. Revenues in both periods exclude revenues attributable to the
Partnership’s equity investments as those revenues are accounted for as part
of the Partnership’s investments in unconsolidated affiliates. If the
Partnership’s proportional share of revenue from equity investments was
included, revenue for the 2013 second quarter would have totaled $306.6
million, an increase of $123.2 million, or 67.2%, compared to the 2012 second
quarter.

Capital expenditures during the 2013 second quarter totaled $425.2 million,
including maintenance capital expenditures of $27.5 million. These capital
expenditures included $190.2 million for the Partnership’s share of capital
expenditures in entities accounted for as equity investments.

                   Partnership Increases Cash Distribution

On July 24, 2013, the Board of Directors of the Partnership’s general partner
declared a quarterly cash distribution of $0.485 per unit for the 2013 second
quarter, a $0.065, or 15.5%, increase over the 2012 second quarter
distribution and a $0.0175, or 3.7%, increase over the 2013 first quarter
distribution. The distribution will be paid on August 14, 2013 to unitholders
of record at the close of business on August 7, 2013. DCF of $152.7 million
for the 2013 second quarter provided distribution coverage of 1.56 times the
amount required for the Partnership to fund the distribution to the general
partner and the limited partners.

                             Management Comments

J. Mike Stice, Access Midstream Partners’ Chief Executive Officer, commented,
“Our strong financial performance in the second quarter is the result of
tremendous execution by our operations teams. We recently set a daily
throughput record in the Marcellus Shale with the Marcellus North assets
generating more than two billion cubic feet per day of gross throughput. In
addition, our team in the Eagle Ford Shale connected over 100 new receipt
meters to our gathering systems in the second quarter. These achievements and
the achievements of the teams in our other operating regions are contributing
to industry leading growth for Access Midstream.”

                     Partnership Upsizes Credit Facility

On May 13, 2013, the Partnership amended its revolving credit facility to
extend the maturity date to May 2018 and increase the facility’s aggregate
revolving commitments from $1 billion to $1.75 billion.

                         Conference Call Information

A conference call to discuss this release of financial results has been
scheduled for Wednesday, July 31, 2013 at 9:00 a.m. EDT. The telephone number
to access the conference call is 719-457-2683 or toll-free 888-287-5530. The
passcode for the call is 6882320. We encourage those who would like to
participate in the call to dial the access number between 8:50 and 9:00 a.m.
EDT. For those unable to participate in the conference call, a replay will be
available for audio playback from 12:00 p.m. EDT on July 31, 2013 through
12:00 p.m. EDT on August 14, 2013. The number to access the conference call
replay is 719-457-0820 or toll-free 888-203-1112. The passcode for the replay
is 6882320. The conference call will also be webcast live on the Internet and
can be accessed by going to the Partnership’s website at
www.accessmidstream.com in the "Events" subsection of the "Investors" section
of the website. An archive of the conference call webcast will also be
available on the website.

                      Use of Non-GAAP Financial Measures

This press release and accompanying schedules include the non-GAAP financial
measures of adjusted EBITDA and DCF. The accompanying schedules provide
reconciliations of these non-GAAP financial measures to their most directly
comparable financial measures calculated and presented in accordance with
GAAP. Non-GAAP financial measures should not be considered as an alternative
to GAAP measures such as net income, net cash provided by operating activities
or any other measure of liquidity or financial performance calculated and
presented in accordance with GAAP. Investors should not consider adjusted
EBITDA, DCF or adjusted DCF in isolation or as a substitute for analysis of
the Partnership’s results as reported under GAAP. Because these non-GAAP
financial measures may be defined differently by other companies in our
industry, the Partnership’s definition of adjusted EBITDA, DCF and adjusted
DCF may not be comparable to similarly titled measures of other companies,
thereby diminishing their utility.

Adjusted EBITDA. The Partnership agreement defines adjusted EBITDA as net
income (loss) before income tax expense, interest expense, depreciation and
amortization expense and certain other items management believes affect the
comparability of operating results. Adjusted EBITDA is a non-GAAP financial
measure that management and external users of our consolidated financial
statements, such as industry analysts, investors, lenders and rating agencies,
may use to assess:

  *The Partnership’s operating performance as compared to other publicly
    traded partnerships in the midstream energy industry, without regard to
    capital structure, historical cost basis or financing methods;
  *The Partnership’s ability to incur and service debt and fund capital
    expenditures;
  *The ability of the Partnership’s assets to generate sufficient cash flow
    to make distributions to unitholders; and
  *The viability of acquisitions and other capital expenditure projects and
    the returns on investment of various investment opportunities.

Management believes it is appropriate to exclude certain items from EBITDA
because management believes these items affect the comparability of operating
results. The Partnership believes that the presentation of adjusted EBITDA in
this press release provides information useful to investors in assessing its
financial condition and results of operations. The GAAP measure most directly
comparable to adjusted EBITDA is net income.

Distributable Cash Flow. The Partnership agreement defines DCF as adjusted
EBITDA attributable to the Partnership adjusted for:

  *Addition of interest income;
  *Subtraction of net cash paid for interest expense;
  *Subtraction of maintenance capital expenditures; and
  *Subtraction of income taxes.

Management compares the DCF the Partnership generates to the cash
distributions it expects to pay its partners. Using this metric, management
computes a distribution coverage ratio. DCF is an important non-GAAP financial
measure for our limited partners since it serves as an indicator of our
success in providing a cash return on investment. Specifically, this financial
measure indicates to investors whether or not the Partnership is generating
cash flows at a level that can sustain or support an increase in its quarterly
cash distributions. DCF is also a quantitative standard used by the investment
community with respect to publicly traded partnerships because the value of a
partnership unit is in part measured by its yield, which is based on the
amount of cash distributions a partnership can pay to a unitholder. The GAAP
measure most directly comparable to DCF is net cash provided by operating
activities.

Access Midstream Partners, L.P. (NYSE:ACMP) is the industry’s largest
gathering and processing master limited partnership as measured by throughput
volume. The Partnership owns, operates, develops and acquires natural gas
gathering and processing systems and other midstream energy assets.
Headquartered in Oklahoma City, the Partnership's operations are focused on
the Barnett, Eagle Ford, Haynesville, Marcellus, Niobrara and Utica Shales and
Mid-Continent region of the U.S. The Partnership’s common units are listed on
the New York Stock Exchange under the symbol ACMP. Further information is
available at www.accessmidstream.com where the Partnership routinely posts
announcements, updates, events, investor information and presentations and all
recent press releases.

This press release includes forward-looking statements. Forward-looking
statements give our current expectations or forecasts of future events. They
include but are not limited to our business strategy and plans and objectives
for future operations. We caution you not to place undue reliance on our
forward-looking statements, which speak only as of the date of this release,
and we undertake no obligations to update this information. Although we
believe the expectations and forecasts reflected in these and other
forward-looking statements are reasonable, we can give no assurance they will
prove to be correct. They can be affected by inaccurate assumptions or by
known or unknown risks and uncertainties. Factors that could cause actual
results to differ materially from expected results are described under “Risk
Factors” in our 2012 Annual Report on Form 10-K and our other SEC filings.



Access Midstream Partners, L.P.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
($ in thousands, except per unit data)
(unaudited)

                                                   Three Months Ended
                                                
                                                   June 30,
                                                    2013        2012    
Revenues^(1)                                       $ 247,242       $ 149,332
                                                                   
Operating Expenses
Operating expenses                                   82,844          44,731
Depreciation and amortization expense                71,869          40,722
General and administrative expense                   25,089          11,565
Other operating expense                             1,892         240     
                                                                   
Total operating expenses                            181,694       97,258  
                                                                   
Operating income                                     65,548          52,074
                                                                   
Other income (expense)
Income from unconsolidated affiliates                33,745          15,971
Interest expense                                     (27,732 )       (15,636 )
Other income                                        126           4       
                                                                   
Income before income tax expense                     71,687          52,413
Income tax expense                                  1,260         807     
                                                                   
Net income                                           70,427          51,606
Net income attributable to noncontrolling           1,214         —       
interests
                                                                   
Net income attributable to Access Midstream        $ 69,213       $ 51,606  
Partners, L.P.
                                                                   
Limited partner interest in net income
Net income attributable to Access Midstream        $ 69,213        $ 51,606
Partners, L.P.
Less general partner interest in net income         (5,995  )      (1,752  )
                                                                   
Limited partner interest in net income             $ 63,218       $ 49,854  
                                                                   
Net income per limited partner unit – basic
and diluted
Common units                                       $ 0.18          $ 0.34
Subordinated units                                 $ 0.31          $ 0.34
                                                                   
Weighted average limited partner units
outstanding used for net income per unit
calculation – basic and diluted (in thousands)
Common units                                         108,673         79,278
Subordinated units                                   69,076          69,076

       Excludes revenue from equity investments of $59.4 million and $34.1
       million for the three months ended June 30, 2013 and 2012, respectively
^(1)  that is included in Income from Unconsolidated Affiliates.

       
       If either Chesapeake Energy Corporation (“Chesapeake”) or Total E&P
       USA, Inc. (“Total”) does not meet its minimum volume commitment to the
       Partnership in the Barnett Shale region or Chesapeake does not meet its
       minimum volume commitment in the Haynesville Shale region under the
       relevant gas gathering agreement for specified annual periods,
       Chesapeake or Total is obligated to pay the Partnership a fee equal to
       the applicable fee for each mcf by which the applicable party’s minimum
       volume commitment for the year exceeds the actual volumes gathered on
       the Partnership’s systems. Should payments be due under the minimum
       volume commitment with respect to any year, the Partnership recognizes
       the associated revenue in the fourth quarter of that year.



Access Midstream Partners, L.P.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
($ in thousands, except per unit data)
(unaudited)

                                                   Six Months Ended
                                                
                                                   June 30,
                                                    2013        2012    
Revenues^(1)                                       $ 484,201       $ 304,006
                                                                   
Operating Expenses
Operating expenses                                   165,607         93,413
Depreciation and amortization expense                138,519         79,160
General and administrative expense                   48,823          23,043
Other operating expense                             1,983         195     
                                                                   
Total operating expenses                            354,932       195,811 
                                                                   
Operating income                                     129,269         108,195
                                                                   
Other income (expense)
Income from unconsolidated affiliates                58,753          28,958
Interest expense                                     (54,794 )       (31,594 )
Other income                                        395           59      
                                                                   
Income before income tax expense                     133,623         105,618
Income tax expense                                  2,500         1,646   
                                                                   
Net income                                           131,123         103,972
Net income attributable to noncontrolling           2,372         —       
interests
                                                                   
Net income attributable to Access Midstream        $ 128,751      $ 103,972 
Partners, L.P.
                                                                   
Limited partner interest in net income
Net income attributable to Access Midstream        $ 128,751       $ 103,972
Partners, L.P.
Less general partner interest in net income         (10,787 )      (3,181  )
                                                                   
Limited partner interest in net income             $ 117,964      $ 100,791 
                                                                   
Net income per limited partner unit – basic
and diluted
Common units                                       $ 0.32          $ 0.68
Subordinated units                                 $ 0.60          $ 0.68
                                                                   
Weighted average limited partner units
outstanding used for net income per unit
calculation – basic and diluted (in thousands)
Common units                                         103,576         79,277
Subordinated units                                   69,076          69,076

       Excludes revenue from equity investments of $106.5 million and $63.3
       million for the six months ended June 30, 2013 and 2012, respectively
^(1)  that is included in Income from Unconsolidated Affiliates.

       
       If either Chesapeake Energy Corporation (“Chesapeake”) or Total E&P
       USA, Inc. (“Total”) does not meet its minimum volume commitment to the
       Partnership in the Barnett Shale region or Chesapeake does not meet its
       minimum volume commitment in the Haynesville Shale region under the
       relevant gas gathering agreement for specified annual periods,
       Chesapeake or Total is obligated to pay the Partnership a fee equal to
       the applicable fee for each mcf by which the applicable party’s minimum
       volume commitment for the year exceeds the actual volumes gathered on
       the Partnership’s systems. Should payments be due under the minimum
       volume commitment with respect to any year, the Partnership recognizes
       the associated revenue in the fourth quarter of that year.



Access Midstream Partners, L.P.
CONDENSED CONSOLIDATED BALANCE SHEETS
($ in thousands)
(unaudited)

                                             As of             As of

                                           June 30,        December 31,

                                             2013              2012
Assets
                                                               
Total current assets                         $ 188,138        $ 219,766   
                                                               
Property, plant and equipment
Gathering systems                              5,586,723         5,125,746
Other fixed assets                             122,489           96,916
Less: Accumulated depreciation                (716,980  )      (590,614  )
                                                               
Total property, plant and equipment, net      4,992,232       4,632,048 
                                                               
Investment in unconsolidated affiliates        1,635,296         1,297,811
Intangible customer relationships, net         343,751           355,217
Deferred loan costs, net                      57,153          56,258    
                                                               
Total assets                                 $ 7,216,570      $ 6,561,100 
                                                               
Liabilities and Partners’ Capital
                                                               
Total current liabilities                    $ 259,810        $ 259,261   
                                                               
Long-term liabilities
Long-term debt                                 2,716,200         2,500,000
Other liabilities                             5,636           5,333     
                                                               
Total long-term liabilities                   2,721,836       2,505,333 
                                                               
Total partners’ capital                       4,234,924       3,796,506 
                                                               
Total liabilities and partners’ capital      $ 7,216,570      $ 6,561,100 



Access Midstream Partners, L.P.
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
($ in thousands)
(unaudited)

                                               Six Months Ended
                                            
                                               June 30,
                                                2013         2012       
Cash flows from operating activities
Net income                                     $ 131,123        $ 103,972
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization                    138,519          79,160
Income from unconsolidated affiliates            (58,753  )       (28,958    )
Other non-cash items                             6,676            3,709
Changes in assets and liabilities
Increase in accounts receivable                  (23,592  )       (27,017    )
(Increase) decrease in other assets              1,905            (1,649     )
Decrease in accounts payable                     (10,896  )       (11,742    )
Increase in accrued liabilities                 32,598         18,923     
                                                                
Net cash provided by operating activities       217,580        136,398    
                                                                
Cash flows from investing activities
Additions to property, plant and equipment       (545,594 )       (140,921   )
Investments in unconsolidated affiliates         (263,710 )       (43,153    )
Proceeds from sale of assets                    31,696         5,599      
                                                                
Net cash used in investing activities           (777,608 )      (178,475   )
                                                                
Cash flows from financing activities
Proceeds from long-term borrowings               875,500          519,900
Payments on long-term borrowings                 (659,300 )       (1,084,100 )
Proceeds from issuance of common units           399,922          —
Proceeds from issuance of senior notes           —                750,000
Distribution to unitholders                      (177,430 )       (120,475   )
Capital contribution from noncontrolling         71,414           —
interests
Debt issuance costs                              (5,377   )       (13,874    )
Other adjustments                               8,328          5,722      
                                                                
Net cash provided by financing activities       513,057        57,173     
                                                                
Net increase (decrease) in cash and cash
equivalents                                      (46,971  )       15,096


                                                                
Cash and cash equivalents
Beginning of period                             64,994         22         
                                                                
End of period                                  $ 18,023        $ 15,118     



Access Midstream Partners, L.P.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
($ in thousands)
(unaudited)

                                                   Three Months Ended
                                                
                                                   June 30,
                                                    2013        2012    
                                                                   
Net Income attributable to Access Midstream        $ 69,213        $ 51,606
Partners, L.P.
                                                                   
Adjusted for:
Interest expense                                     27,732          15,636
Income tax expense                                   1,260           807
Depreciation and amortization expense                71,869          40,722
Other                                                320             240
Income from unconsolidated affiliates                (33,745 )       (15,971 )
EBITDA from unconsolidated affiliates^(1) (2)        49,751          27,858
Expense for non-cash equity awards                   8,933           —
Implied minimum volume commitment                   11,250        —       
                                                                   
Adjusted EBITDA                                    $ 206,583      $ 120,898 
                                                                   
Adjusted for:
Maintenance capital expenditures                     (27,500 )       (18,500 )
Cash portion of interest expense                     (25,115 )       (14,312 )
Income tax expense                                  (1,260  )      (807    )
                                                                   
                                                                   
Distributable cash flow                            $ 152,708      $ 87,279  
                                                                   
                                                                   
Cash provided by operating activities              $ 137,450       $ 69,183
                                                                   
Adjusted for:
Change in assets and liabilities                     (26,358 )       8,951
Interest expense                                     27,732          15,636
Income tax expense                                   1,260           807
Other non-cash items                                 (3,435  )       (1,537  )
EBITDA from unconsolidated affiliates^(1) (2)        49,751          27,858
Expense for non-cash equity awards                   8,933           —
Implied minimum volume commitment                   11,250        —       
                                                                   
Adjusted EBITDA                                    $ 206,583      $ 120,898 
                                                                   
Adjusted for:
Maintenance capital expenditures                     (27,500 )       (18,500 )
Cash portion of interest expense                     (25,115 )       (14,312 )
Income tax expense                                  (1,260  )      (807    )
                                                                   
Distributable cash flow                            $ 152,708      $ 87,279  
                                                                   

Cash distribution
Limited partner units 2013: ($0.485 x
188,068,160 units) 2012: ($0.42 x 147,998,610      $ 91,213        $ 62,159
units)
General partner interest                            6,567         2,005   
                                                                   
Total cash distribution                            $ 97,780       $ 64,164  
                                                                   
Distribution coverage ratio                         1.56          1.36    
                                                                   
                                                                   
^(1) EBITDA from unconsolidated affiliates is
calculated as follows:
Net Income                                         $ 33,745        $ 15,971
                                                                   
Adjusted for:
Depreciation and amortization expense                16,007          11,887
Other                                               (1      )      —       
                                                                   
EBITDA from unconsolidated affiliates              $ 49,751       $ 27,858  

^(2) The Partnership maintains equity investments in 10 gathering systems in
the Marcellus Shale, Utica East Ohio Midstream, LLC. and Ranch Westex JV, LLC.



Access Midstream Partners, L.P.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
($ in thousands)
(unaudited)

                                                   Six Months Ended
                                                
                                                   June 30,
                                                    2013        2012    
                                                                   
Net Income attributable to Access Midstream        $ 128,751       $ 103,972
Partners, L.P.
                                                                   
Adjusted for:
Interest expense                                     54,794          31,594
Income tax expense                                   2,500           1,646
Depreciation and amortization expense                138,519         79,160
Other                                                (320    )       195
Income from unconsolidated affiliates                (58,753 )       (28,958 )
EBITDA from unconsolidated affiliates^(1) (2)        89,210          51,718
Expense for non-cash equity awards                   16,323          —
Implied minimum volume commitment                   20,000        —       
                                                                   
Adjusted EBITDA                                    $ 391,024      $ 239,327 
                                                                   
Adjusted for:
Maintenance capital expenditures                     (55,000 )       (37,000 )
Cash portion of interest expense                     (50,207 )       (28,967 )
Income tax expense                                  (2,500  )      (1,646  )
                                                                   
                                                                   
Distributable cash flow                            $ 283,317      $ 171,714 
                                                                   
                                                                   
Cash provided by operating activities              $ 217,580       $ 136,398
                                                                   
Adjusted for:
Change in assets and liabilities                     (15     )       21,485
Interest expense                                     54,794          31,594
Income tax expense                                   2,500           1,646
Other non-cash items                                 (9,368  )       (3,514  )
EBITDA from unconsolidated affiliates^(1) (2)        89,210          51,718
Expense for non-cash equity awards                   16,323          —
Implied minimum volume commitment                   20,000        —       
                                                                   
Adjusted EBITDA                                    $ 391,024      $ 239,327 
                                                                   
Adjusted for:
Maintenance capital expenditures                     (55,000 )       (37,000 )
Cash portion of interest expense                     (50,207 )       (28,967 )
Income tax expense                                  (2,500  )      (1,646  )
                                                                   
Distributable cash flow                            $ 283,317      $ 171,714 
                                                                   
^(1) EBITDA from unconsolidated affiliates is
calculated as follows:
Net Income                                         $ 58,753        $ 28,958
                                                                   
Adjusted for:
Depreciation and amortization expense                30,473          22,788
Other                                               (16     )      (28     )
                                                                   
EBITDA from unconsolidated affiliates              $ 89,210       $ 51,718  

^(2) The Partnership maintains equity investments in 10 gathering systems in
the Marcellus Shale, Utica East Ohio Midstream, LLC. and Ranch Westex JV, LLC.



Access Midstream Partners, L.P.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
($ in thousands)
(unaudited)

                       Three Months Ended            Six Months Ended
                                                
                       June 30,                      June 30,
                       2013          2012          2013          2012
                       ($ in thousands)
                                                                     
GAAP Capital           $ 274,640       $ 60,328      $ 545,594       $ 140,921
Expenditures
                                                                     
Adjusted for:
Capital
expenditures
included in              190,172         93,827        355,678         175,181
unconsolidated
affiliates
Capital
expenditures
attributable to         (39,594 )      —            (67,346 )      —
noncontrolling
interest
                                                                     
Net Capital            $ 425,218      $ 154,155     $ 833,926      $ 316,102
Expenditures
                                                                     
                                                                     
                       Three Months Ended            Six Months Ended

                       June 30,                      June 30,
                       2013            2012          2013            2012
                       ($ in thousands)
                                                                     
Revenues               $ 247,242       $ 149,332     $ 484,201       $ 304,006
                                                                     
Adjusted for:
Revenues included
in investments in       59,363        34,086       106,510       63,345
unconsolidated
affiliates
                                                                     
Total revenues
including revenues     $ 306,605      $ 183,418     $ 590,711      $ 367,351
from equity
investments



Access Midstream Partners, L.P.
OPERATING STATISTICS
(unaudited)

                                                  Three Months Ended
                                              
                                                  June 30,
                                                  2013      2012
                                                              
Barnett Shale
Throughput, bcf per day                           1.024       1.261
Approximate miles of pipe at end of period        851         843
Gas compression (horsepower) at end of period     153,115     161,115
                                                              
Eagle Ford Shale
Throughput, bcf per day                           0.258       —
Approximate miles of pipe at end of period        751         —
Gas compression (horsepower) at end of period     70,812      —
                                                              
Haynesville Shale
Throughput, bcf per day                           0.695       0.349
Approximate miles of pipe at end of period        581         261
Gas compression (horsepower) at end of period     20,195      23,745
                                                              
Marcellus Shale
Throughput, bcf per day^(1)                       0.996       0.679
Approximate miles of pipe at end of period        1,332       364
Gas compression (horsepower) at end of period     89,850      50,950
                                                              
Niobrara Shale
Throughput, bcf per day^(1)                       0.010       —
Approximate miles of pipe at end of period        113         —
Gas compression (horsepower) at end of period     13,595      —
                                                              
Utica Shale
Throughput, bcf per day^(1)                       0.074       —
Approximate miles of pipe at end of period        149         —
Gas compression (horsepower) at end of period     16,880      —
                                                              
Mid-Continent
Throughput, bcf per day                           0.608       0.579
Approximate miles of pipe at end of period        2,602       2,528
Gas compression (horsepower) at end of period     108,370     93,404
                                                              
Total
Throughput, bcf per day^(1)                       3.665       2.868
Approximate miles of pipe at end of period        6,379       3,996
Gas compression (horsepower) at end of period     472,817     329,214

^(1) Throughput in all regions represents the net throughput allocated to the
Partnership’s interest.



Access Midstream Partners, L.P.
OPERATING STATISTICS
(unaudited)

                                                  Six Months Ended
                                               
                                                  June 30,
                                                  2013      2012
                                                              
Barnett Shale
Throughput, bcf per day                           1.045       1.270
Approximate miles of pipe at end of period        851         843
Gas compression (horsepower) at end of period     153,115     161,115
                                                              
Eagle Ford Shale
Throughput, bcf per day                           0.243       —
Approximate miles of pipe at end of period        751         —
Gas compression (horsepower) at end of period     70,812      —
                                                              
Haynesville Shale
Throughput, bcf per day                           0.732       0.383
Approximate miles of pipe at end of period        581         261
Gas compression (horsepower) at end of period     20,195      23,745
                                                              
Marcellus Shale
Throughput, bcf per day^(1)                       0.930       0.626
Approximate miles of pipe at end of period        1,332       364
Gas compression (horsepower) at end of period     89,850      50,950
                                                              
Niobrara Shale
Throughput, bcf per day^(1)                       0.010       —
Approximate miles of pipe at end of period        113         —
Gas compression (horsepower) at end of period     13,595      —
                                                              
Utica Shale
Throughput, bcf per day^(1)                       0.064       —
Approximate miles of pipe at end of period        149         —
Gas compression (horsepower) at end of period     16,880      —
                                                              
Mid-Continent
Throughput, bcf per day                           0.583       0.557
Approximate miles of pipe at end of period        2,602       2,528
Gas compression (horsepower) at end of period     108,370     93,404
                                                              
Total
Throughput, bcf per day^(1)                       3.607       2.836
Approximate miles of pipe at end of period        6,379       3,996
Gas compression (horsepower) at end of period     472,817     329,214

^(1) Throughput in all regions represents the net throughput allocated to the
Partnership’s interest.

Contact:

Access Midstream Partners, L.P.
Investor Contact:
Dave Shiels, CFO, 405-727-1740
dave.shiels@accessmidstream.com
or
Media Contacts:
Debbie Nauser, 405-727-1612
debbie.nauser@accessmidstream.com
or
Tom Johnson, 212-371-5999
tbj@abmac.com
 
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