Results centre - Q3 2016

  • Highlights

  • Contract status

  • Financial performance

  • Summary & outlook

  • Operating revenue of $384.5 million
  • Adjusted EBITDA of $313.1 million
  • Cash and cash equivalents of $744.6 million
  • Distribution per unit of $0.10 with a coverage ratio of 13.98x
  • Economic utilization of 95%


3Q16 2Q16 1Q16 4Q15
Total operating revenues $384.5 $418.5 $444.0 $467.5
Gain/(Loss) on derivative financial instruments $5.7 ($28.3) ($69.7) $19.2
Total operating expenses $180.5 $192.6 $220.5 $229.1
Net operating income $204.0 $225.9 $223.5 $238.1
EBITDA for the quarter $270.6 $290.7 $291.2 $308.8

Well Positioned in a Challenging Market:

  • Long term contracts – Average remaining contract term of 2.0 years
  • $2.9 billion backlog with strong counterparties
  • Large and supportive parent
  • Strong operational performance
  • Cost efficiencies improving margins

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