Result Centre – Q1 2017

  • Highlights

  • Contract status

  • Financial performance

  • Summary & outlook

  • Operating revenue of $327.5 million
  • Adjusted EBITDA of $261.3 million
  • Cash and cash equivalents of $862.4 million
  • Economic utilization of 99%


1Q17 4Q16 3Q16 2Q16
Total operating revenues $327.5 $353.3 $384.5 $418.5
Gain/(Loss) on derivative financial instruments $(6.2) $74.3 $5.7 ($28.3)
Total operating expenses $175.4 $188.5 $180.5 $192.6
Net operating income $152.1 $164.8 $204.0 $225.9
EBITDA for the quarter $219.1 $232.0 $270.6 $290.7

Well Positioned in a Challenging Market:

  • Long term contracts – Average remaining contract term of 1.5 years
  • $2.1 billion backlog with strong counterparties
  • Large and supportive parent
  • Strong operational performance
  • Cost efficiencies improving margins

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