Wells Fargo Midstream and Utility Symposium

December 11, 2019

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Important InformationForward-looking statements disclosure

Statements made in this presentation that contain "forward-looking statements" include, but are not limited to, statements using the words “believe”, “expect”, “plan”, “intend”, “anticipate”,“estimate”, “project”, “should” and similar expressions, as well as other statements concerning our future plans, objectives, and expected performance, including statements with respect to thecompletion, cost, timing and financial performance of growth projects. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materiallyfrom those projected.

Forward-looking statements speak only as of the date they are made, and the company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein or made at this conference to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any suchstatement is based.

For information about important Risk Factors that could cause our actual results to differ from those expressed in the forward-looking statements contained in this presentation or discussed at thisconference please see “Available Information and Risk Factors”, below.

Available Information and Risk Factors

We file annual, quarterly and current reports and other information with the Securities and Exchange Commission, or “SEC”. Our SEC filings are available to the public at our website,www.bwpipelines.com.

This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of Boardwalk Pipeline Partners, LP (“BWP”) or any of its affiliates. If BWP were to conduct anoffering of securities in the future, a prospectus relating to that offering will be able to be obtained from the underwriters of that offering or from BWP at 1-866-913-2122. A securities rating is not arecommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

Our business faces many risks and uncertainties. We have described in our SEC filings the most significant risks facing us. There may be additional risks that we do not yet know or that we do not currently perceive to be material that may also impact our business. These risks and uncertainties described in our SEC filings could lead to events or circumstances that may have a material adverse effect on our business, financial condition, results of operations or cash flows.

Non-GAAP Financial Measures

This presentation contains certain non-GAAP financial measures. Reconciliations to the nearest historical GAAP financial measures are included in Appendix A of this presentation. These non-GAAP financial measures should not be considered in isolation or as a substitute for interest expense, net income (loss), operating income (loss), net cash provided by (used in) operating activities or any other measures prepared under GAAP.

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Table of Contents

Boardwalk Strategy 4• Key Investment Highlights 5

• Boardwalk Asset Map 6

• Strategy 7

• Optimize Asset Base Due to Changing Flow Patterns 8

• Connecting to End-Use Markets 9

• Major Growth Projects Under Construction 10

• Significant Progress Made On Contracts Up For Renewal from 2018-2020 11

• Environmental, Social, Governance 12

• Reducing Methane Emissions 13

• Solar Installation at Compressor Station 14

Financial Overview 15• Financial Highlights 16

• Firm Contract Profile 17

• Liquidity Measures 18

• Capitalization 19

Industry Information 20• Natural Gas Supply and Demand Continues to Grow 21

• U.S. Demand Forecast: LNG Exports 22

• U.S. Demand Forecast: Power Plants 23

• U.S. Demand Forecast: Industrials 24

• Expected Flow Driven by U.S. Production Increases 25

• Changing Flow Patterns Impacting Basis Spreads to Henry Hub 26

• Key Supply Basins: Production and Rig Counts 27

Company Overview 28• Boardwalk Organizational Structure 29

• Loews Corporation Subsidiary 30

Boardwalk Strategy

4

Midstream company that predominantly transports and stores natural gas and liquids with minimal exposure to commodity price volatility

Long history of operating safely and efficiently

Conservative management focused on disciplined capital allocation

A wholly owned subsidiary of Loews, a well-capitalized parent company with a history of supporting Boardwalk’s growth

Committed to maintaining an investment grade credit rating Standard & Poor’s: BBB- (Stable)

Moody’s: Baa3 (Stable)

Fitch Ratings: BBB- (Stable)

Boardwalk has a dedicated Environmental, Social, and Governance Committee whose members promote sustainable practices and awareness in business planning and operations.

Key Investment Highlights

5

Marcellus Shale

Utica Shale

Utica & Marcellus

Shales

COASTAL BEND HEADER PROJECT

Fayetteville ShaleGranite Wash Basin

Woodford Shale

SCOOP Play

STACK Play

Cana Shale

Permian Basin Barnett Shale Bossier Sands

Eagle Ford Shale

Haynesville Shale

FREEPORT LNGEXPORT FACILITY

FREEPORT LNGEXPORT FACILITY

Boardwalk Asset MapBoardwalk predominantly transports and stores natural gas and liquids for its customers

Boardwalk 2018 Operational Highlights

Natural Gas LiquidsPipelines 13,805 miles 425 milesThroughput 2.7 Tcf 70.8MMbblsStorage Capacity 205 Bcf 31.8 MMbbls

Texas Gas Transmission

Texas Gas storage facilities

Gulf South Pipeline

Gulf South storage facilities

Gulf Crossing Pipeline

Boardwalk Louisiana Midstream Hubs

Evangeline Ethylene Pipeline

Boardwalk Texas Intrastate

Boardwalk Storage Company

Boardwalk Louisiana Midstream and Evangeline Ethylene Pipeline

6

7

Boardwalk Strategy

Minimize Commodity and Credit RisksSecure long-term, ship-or-pay contracts with credit-worthy customers

Attach New End-use Markets and Supply Sources

Leverage and strengthen existing assets

Identify and implement optimal uses for assets,

including changing natural gas flow patterns

Optimize Asset Base

Explore acquisitions and other opportunities that expand our natural gas

and liquids transportation and storage footprint

Identify Strategic Growth

Opportunities

Promote sustainable practices and awareness in business planning and

operations

Operate Safely & Environmentally

Responsibly

Optimize Asset Base Due To Changing Flow PatternsRepresents approximately $1.4 billion of total capital expenditures

Southern Indiana LateralCapacity: 53,500 MMBtu/d

In service: June 2016

Western Kentucky LateralCapacity: 230,000 MMBtu/dIn service: September 2016

Coastal Bend HeaderPhase 1:

~0.7 Bcf/d // In service: 2Q 2018 Phase 2:

~0.7 Bcf/d // In service: 4Q 2018

8

Northern Supply AccessCapacity: 284,000 MMBtu/d

In service: March 2017

9.7 Bcf/d7.7 Bcf/d

7.1 Bcf/d4.0 Bcf/d

2010

2018

Ohio to Louisiana AccessCapacity: 626,000 MMBtu/d

In service: June 2016

Southeast Market ExpansionCapacity: 200,000 MMBtu/d

In service: February 2009

Source: EIA

9

Connecting to End-use Markets

2012 Delivery Markets of Top 10 Customers As of 12/31/12

2019 Delivery Markets of Top 10 CustomersAs of 09/30/19

7%

93%

LNGPowerPipelineIndustrial

40%

36%

17%

7%

Note: Reflects BWP total contracted revenue backlog by delivery market (see slide 17)

Major Growth Projects Under ConstructionCollectively, growth projects represent ~$600 million in capital and over 1 Bcf/d of firm natural gas transportation capacity and additional NGL infrastructure.

Petal Storage ProjectIn service: 2020

Index 99 Expansion ProjectCapacity: 750,000 MMBtu/d

In service: 2020

Power Plant in TexasCapacity: 200,000 MMBtu/d

In service: Mid-2020

Power Plants in MississippiCapacity: 200,000 MMBtu/d

In service: Early 2022

10

Industrial Market Expansion Project

Capacity: ~300,00 MMBtu/dIn service: 2020

Current Boardwalk Louisiana Midstream and Evangeline Projects:• Several projects to provide ethylene transportation and storage services to petrochemical customers

(Status: In various stages of completion ranging through Q4 2022)

• Four new wells and related infrastructure for brine supply service (Status: Additional wells in permit stage for development)

• Project to expand Evangeline ethylene pipeline (Status: Recently completed)

• Gas treatment project (Status: Recently completed)

• Brine system delivery enhancement (Status: In project execution phase with in-service date in H1 2020)

Significant Progress Made On Contracts Up For Renewal from 2018-2020

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Pipeline Market Fundamentals Boardwalk Activity

Texas Gas Transmission:Fayetteville/Greenville Laterals

Changing market fundamentals in the Fayetteville shale play prompted a restructuring of related contracts with two of the area’s largest producers extending contracts through 2030.

Starting in 2021, the majority of gas produced in the Fayetteville shale play will be transported under firm transportation agreements on Texas Gas Transmission

Gulf SouthHaynesville production has grown by 1.5 Bcf/d over the last year and will continue growing over the next several years, increasing utilization on Gulf South

Entered into firm transportation contracts for capacity on the 42 inch pipeline from East Texas to Perryville and T85, which has filled most of the capacity for the near term and added medium term length to the contract portfolio

Boardwalk’s Index 99 Expansion project includes capacity of 500MM/day under long term agreements to take advantage of Haynesville production

Industrial expansions are under development on Gulf South’s legacy system within the Mississippi River Corridor

Gulf Crossing

Oil and gas producers are increasing their natural gas production in central Oklahoma from the SCOOP/STACK production areas, which is benefiting our Gulf Crossing pipeline and will be further enhanced when the MIDSHIP pipeline goes into service

Actively selling capacity on Gulf Crossing’s expansion pipelines as producers in Texas and Oklahoma seek diversity of markets to the southeast and Gulf Coast

• Effectively sold all legacy pipeline capacity on Texas Gas and Gulf South from a combination of recontracting existing capacity and by utilizing capacity as part of expansions of those systems to serve new end-use markets.

• Significant progress recontracting capacity on Gulf Crossing but still have work to do.

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Environmental, Social and Governance

Dedication to Safety

At Boardwalk, safety is an integral part of our Core Values. Our goal is for every

person who lives near or works on our pipeline to go home safely every day.

• Stop Work Authority given to all personnel• Proactive Near Miss reporting program• Extensive safety training program• Audits performed on contractors’ safety

performance• Robust pipeline integrity program aimed at

protecting public safety

Practicing Environmental Stewardship

Boardwalk is committed to responsible environmental stewardship while working to meet the nation’s diverse energy needs.

Boardwalk has a dedicated Environmental, Social, and Governance Committee whose members promote sustainable practices and awareness in business planning and operations.

• Initiatives focused on reducing methane emissions

• Minimizing or avoiding environmental impacts through facility planning, design and operations

• Work with stakeholders and landowners to minimize and restore areas disturbed by our construction or operations

Investing in Corporate & Local Philanthropy

Boardwalk’s philanthropic program –Partnering with Communities –

integrates employee volunteerism and corporate financial support.

• Scholarship program available for qualifying students who attend any high school located near Boardwalk pipeline right-of-way

• Education grant program for local elementary and middle schools located near Boardwalk pipeline right-of-way

• Annual contributions to local emergency response teams and philanthropic organizations

Commitment to Honest & Ethical Conduct

Boardwalk maintains a culture of diversity and inclusion and upholds disciplined employment practices

• Executive compensation aligned with business strategies

• Employee Code of Conduct and Ethics Hotline

• Purchased materials and equipment sourced from a centralized list of approved vendors to ensure Boardwalk’s standards are met

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Reducing Methane Emissions

Over the past three decades, Boardwalk has been focused on reducing methane emissions associated with the transportation and storage of natural gas on our pipeline system.

In 2019, Boardwalk joined the ONE Future Coalition, a group of natural gas companies

working together to voluntarily reduce methane emissions across the natural gassupply chain with a goal to lower emissions to 1% by 2025.

We go above and beyond the state and federal regulations to minimize methane emissions using a variety of strategies: • Replacing older compression equipment with low emission, fuel efficient units.• Modifying fuel systems to lower fuel consumption and emissions on key reciprocating compression equipment.• Conducting high-tech emissions surveys and performing maintenance and repairs on identified component leaks.• Working to minimize methane emissions vented to the atmosphere from transmission pipeline blowdowns by using pipeline evacuators.• Installing repair sleeves and composite wraps to avoid pipeline blowdowns.• Replacing all high bleed natural gas pneumatic devices with low or zero flow bleed devices.

Boardwalk also adheres to the Interstate Natural Gas Association of America’s Methane Emissions Commitments aimed at continuously improving practices to minimize methane emissions from interstate natural gas transmission and storage operations in a prudent and environmentally responsible manner.

Boardwalk is also a member of the Energy Infrastructure Council which is a non-profit

trade association dedicated to advancing the interests of companies that develop andoperate energy infrastructure.

Ground Mount Solar Array

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Solar Installation at Compressor Station

• Boardwalk has initiated a program to assess installation of solar panels at select compressor stations to reduce purchased power

• Boardwalk has approved its first project to install solar panels at the Hanson Compressor Station

• Additional compressor stations are being evaluated for potential future solar panel installations

Financial Overview

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Significant addition to firm contract backlog of approximately $1.2 billion in 2019 as of September 30, 2019

Significant portion of revenue backed by firm ship-or-pay contracts with primarily investment-grade customers

Internally generated cash flow used to improve balance sheet and fund growth capital expenditures

Committed to maintaining an investment grade credit rating

16

Financial Highlights

17

Firm Contract Profile

2019 2020 Thereafter Total

Total projected operating revenues under committed firm agreements as of December 31, 2018

$1,084.0 $940.0 $7,108.5 $9,132.5

Net additions through September 30, 2019 $66.5 $89.5 $1,044.0 $1,200.0

Total projected operating revenues under committed firm agreements as of September 30, 2019

$1,150.5(1) $1,029.5 $8,152.5 $10,332.5

Note: Contracted revenues do not include revenues from actual utilization or any expected revenues for periods after the expiration dates of the existing agreements. Please refer to our SEC filings for further information and risks regarding this table.

Contracted Revenues from Fixed Fees or Minimum Volume Commitment Contracts

(in $millions)

88%

9%

3%

Revenue Profile for Last Twelve Months Ended September 30, 2019*

*Includes all services, including transportation, storage and PAL, for both natural gas and NGLs

(1)For the 2019 period, $868.3 million represents actual fixed fee revenues recognized for the fulfillment of performance obligations during the nine months ended September 30, 2019.

Firm Contracts (Capacity Reservation Charges)

Firm Contracts (Utilization Charges)

Interruptible (Services and Other) 23%

2%

75%

NON-INVESTMENT GRADECredit Ratings of Revenue

Backlog CustomersAs of September 30, 2019

(1)Rated investment grade by at least one major agency

NOT RATED

INVESTMENT GRADE(1)

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Liquidity MeasuresDebt Maturity Schedule

(as of September 30, 2019)

*EBITDA for December 31, 2017 was adjusted to exclude the impact of the sale of the Flag City plant and certain related assets.

(1) As of December 31 (2) As of September 30 (3) EBITDA is a non-GAAP financial measure. For a reconciliation to the most complete GAAP metric, see Appendix A. (4) LTM as of December 31 (5) LTM as of September 30

*The revolving credit facility has a borrowing capacity of $1.5 billion through May 2020 and $1.475 billion from May 2020 to May 2022

We invested over $1.8 billion in growth capital expenditures between January 1, 2015 and September 30, 2019.

(1) (1) (1) (1) (2)

(4) (4) (4) (4) (5)

Revolving Credit Facility*(as of September 30, 2019)

Amount DrawnAvailable Capacity Remaining

Note: On May 3, 2019, Boardwalk issued $500 million aggregate principal amount of 4.80% senior notes due 2029. The net proceedsof $495.2 million were initially used to reduce borrowings under the revolving credit facility. In September 2019, a portion of the proceeds were used to retire $350 million of debt at its maturity.

17%

83%

$260 Million

$1.24 Billion

$0

$100

$200

$300

$400

$500

$600

$700

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

Boardwalk Gulf South Texas Gas

EBITDA(3)

(4) (5)(4) (4) (4)

$3,350

$3,400

$3,450

$3,500

$3,550

$3,600

$3,650

$3,700

2015 2016 2017 2018 2019

Long-Term Debt, net of Cash

$600

$650

$700

$750

$800

$850

2015 2016 2017* 2018 2019

3.5

4.0

4.5

5.0

5.5

6.0

2015 2016 2017* 2018 2019

Debt (net of cash) to EBITDA

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Capitalization ($ in millions, except ratio data)

Boardwalk 5.75% Notes due Sep 2019 $ 350 (350) $ -

Texas Gas 4.50% Notes due Feb 2021 440 - 440

Gulf South 4.00% Notes due Jun 2022 300 - 300

Boardwalk 3.375% Notes due Feb 2023 300 - 300

Boardwalk 4.95% Notes due Dec 2024 600 - 600

Boardwalk 5.95% Notes due Jun 2026 550 - 550

Boardwalk 4.45% Notes due Jul 2027 500 - 500

Texas Gas 7.25% Debentures due Jul 2027 100 - 100

Boardwalk 4.80% Notes due Jul 2029 - 500 500

Total notes and debentures 3,140 150 3,290

Gulf Crossing 285 (285) -

Gulf South 295 (35) 260

Total revolving credit facility 580 (320) 260

7 - 7

3,727 (170) 3,557

Less:

Unamortized debt discount and

issuance costs (26) (1) (27)

$ 3,701 $ (171) $ 3,530 433

$ 4,862 $ 153 $ 5,015

$ 8,563 $ (18) $ 8,545

$ 4 $ 10 $ 14

43.2% 41.3%

Total Long-Term Debt

Total Equity

Total Capitalization

Cash and Cash Equivalents

Long-Term Debt to Total Capitalization Ratio

Revolving Credit Facility:

Capital Lease Obligation:

Debt:

December 31,

2018

Adjustments for

2019 Activities

September 30,

2019

Industry Information

20

Natural Gas Supply & Demand Continues to Grow

Source: Wood Mackenzie: North America Natural Gas Long-Term View (Spring 2019)

0

20

40

60

80

100

120

140

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

Co

nsu

mp

tio

n (

Bcf

/d)

Residential/Commercial Industrials Power Plants LNG Exports Mexican Exports Other

By 2029, U.S. Supply and Demand is forecasted to grow by ~20 Bcf/d

U.S. Production and Imports by Region U.S. Demand by Industry

0

20

40

60

80

100

120

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

Bcf/

d

Northeast Permian Gulf Coast Mid-Continent Rockies San Juan Gulf of Mexico Fort Worth West Coast

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U.S. Demand Forecast: LNG Exports

LEGENDFERC Existing, Approved and Proposed U.S. LNG Export Facilities

Cameron LNG

Sabine Pass

Corpus Christi

Sources: (a) FERC; (b) Wood Mackenzie North American Natural Gas Long-Term View (Spring 2019)

8.2

11.1

16.6

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

5-Year Growth 10-Year Growth 15-Year Growth

Forecasted LNG Export Demand Growth(b)

From 2019Bcf/d

LNG Facilities by Location

ExistingApproved

(Under & Not Under Construction)

Proposed (Pending

Application)

Proposed (Pre-filing)

Texas 1.44 7.5 6.9 3.1

Louisiana 4.2 15.6 1.2 4.3Mississippi - - 0 -Grand Total 5.64 23.1 8.1 7.4

Total Gulf Coast LNG Export Capacity(Bcf/d)

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Source: Velocity Suite – November 2019

U.S. Demand Forecast: Power Plants

We have executed approx. 2.4 Bcf/d of firm transportation agreements with power generation customers over the last five years

We are directly connected to 43 natural-gas-fired power generation facilities.

POWER PLANTS

Natural gas-fired power plants:

Directly connected to Boardwalk system

Off System plants that Boardwalk serves

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(a)Wood Mackenzie North American Natural Gas Long-Term View (Spring 2019)

We provide approximately 185 industrial facilities with a combination of firm and

interruptible natural gas and liquids transportation and storage services

INDUSTRIALS

Houston Ship Channel

Lake Charles

Baton RougeNew Orleans

East Side

Corpus Christi LEGEND

Industrial Corridors

U.S. Demand Forecast: Industrials

2.2

3.0

3.6

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

5-Year Growth 10-Year Growth 15-Year Growth

Forecasted Industrial Demand Growth(b)

From 2019

24

(a)Wood Mackenzie North American Natural Gas Long-Term View (Spring, 2019)

Expected Flows Driven By U.S. Production Increases

Direction of Flow

Please note that size of arrow is indicative of the amount of future gas flow.

25

LEGENDAverage Annual Spread

2024201920142009

$(0.47)$(1.71)$(0.06)$(0.45)

$(0.27)$(0.24)$(0.08)$(0.62)

$(0.13)$(0.22)$(0.07)$(0.00)

$(0.06)$(0.14)$(0.04)$0.06

$(0.58)$(0.49)$(1.37)$0.31

$(0.03)$(0.03)$0.00$0.06

($0.03)$0.02$0.03$0.06

$2.66$2.56$4.33$3.92

$(0.13)$(0.19)$(0.09)$(0.34)

$(0.08)$(0.06)$(0.01)$(0.17)

CENTERPOINT EAST

HOUSTON SHIPCHANNEL

CARTHAGE HUB

KOSCI

TRANSCOSTATION 85

FLORIDA GAS ZONE 3

WAHA

COLUMBIA GULF MAINLINE

DOMINION SOUTH POINT

Sources: Platts Gas Daily (Historical prices); 2024 - OTC Global as of October 2019

Changing Flow Patterns Impacting Basis Spreads to Henry Hub

HENRY HUB

26

Key Supply Basins: Production and Rig Counts

Sources: (a) Wood Mackenzie North American Natural Gas Long-Term View (Fall, 2018); (b) Baker Hughes North America Rotary Rig Count as of October 31, 2019

Marcellus/Utica

Eagle Ford

Bcf

/d

Texa

s G

as

Bo

ard

wal

k Te

xas

Intr

asta

te

SCOOP/STACK/Cana Woodford

Gu

lf C

ross

ing

Barnett

Gu

lf C

ross

ing

/Gu

lf S

ou

th

Haynesville

Gu

lf S

ou

th

Fayetteville

Texa

s G

as

27

Company Overview

28

29

Boardwalk Organizational Structure

Boardwalk Pipeline Partners, LP

Boardwalk Pipelines, LP

Boardwalk Midstream, LLC

Texas Gas Transmission, LLC

(Texas Gas)

Gulf Crossing Pipeline Company LLC

(Gulf Crossing)*

Gulf South Pipeline Company, LP

(Gulf South)

Boardwalk Louisiana Midstream, LLC

(BLM)

Boardwalk Storage Company, LLC

Boardwalk Petrochemical Pipeline, LLC (Evangeline)

Boardwalk Texas Intrastate, LLC

Loews Corporation – 100% Ownership

* Expected to merge into Gulf South upon receipt of regulatory approvals.As of September 30, 2019

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Loews Corporation Subsidiary

Boardwalk Pipeline Partners, LP is a wholly-owned subsidiary of Loews Corporation, a large diversified public company with five key operating subsidiaries in insurance, energy, luxury lodging and packaging

Principal subsidiaries and percent of ownership as of September 30, 2019:

Financial strength

Loews Credit Rating:

S&P: A

Moody’s: A3

Fitch: A

Equity market capitalization: $15.3 Billion(1)

Cash and Investments: $3.5 Billion(1)

(1) As September 30, 2019

100%100%89% 53% 99%

Appendix A

31

EBITDA Reconciliation

Non-GAAP Financial Measures

Earnings before interest, taxes, depreciation and amortization (EBITDA) is used as a supplemental financial measure by Boardwalk’s management and by external users of

Boardwalk’s financial statements, such as investors, commercial banks, research analysts and rating agencies, to assess Boardwalk’s operating and financial performance, ability

to generate cash and return on invested capital as compared to those of other companies in the natural gas and liquids transportation, gathering and storage business. EBITDA

should not be considered an alternative to net income, operating income, cash flow from operating activities or any other measure of financial performance or liquidity

presented in accordance with generally accepted accounting principles (GAAP). EBITDA is not necessarily comparable to similarly titled measures of another company. The

following table presents a reconciliation of Boardwalk’s EBITDA to its net income, the most directly comparable GAAP financial measure, for each of the periods presented (in

millions):

32

Dec 31,

2015

Dec 31,

2016

Dec 31,

2017(1)

Dec 31,

2018

Sep 30,

2019

Net income 222.0 302.2 297.0 240.3 289.3

Income taxes 0.5 0.6 1.0 0.6 0.6

Depreciation and amortization 323.7 317.8 322.8 344.7 346.6

Interest expense 176.4 182.8 171.0 175.7 181.0

Interest income (0.4) (0.4) (0.4) (0.1) (0.3)

Loss on sale of processing plant 47.1

EBITDA 722.2 803.0 838.5 761.2 817.2

(1) The 2017 EBITDA was adjusted for the loss on the sale of a processing plant

For the twelve months ended