Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

2K characters. Original on sec.gov · Markdown

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no material changes in market risk exposures that would affect the quantitative and qualitative disclosures presented as of December 31, 2022, in Part II, Item 7A in our Annual Report. Our commodity hedge tables are presented below.

The following tables set forth hedging information for our Natural Gas Gathering and Processing segment’s forecasted equity volumes for the periods indicated:


	Nine Months Ending December 31, 2023
	Volumes Hedged	Average Price			Percentage Hedged
NGLs - excluding ethane (MBbl/d) - Conway/Mont Belvieu	11.0	$	1.22	/ gallon	67%
Condensate (MBbl/d) - WTI-NYMEX	1.5	$	86.02	/ Bbl	67%
Natural gas (BBtu/d) - NYMEX and basis	100.1	$	3.06	/ MMBtu	75%


	Year Ending December 31, 2024
	Volumes Hedged	Average Price			Percentage Hedged
NGLs - excluding ethane (MBbl/d) - Conway/Mont Belvieu	1.0	$	0.87	/ gallon	6%
Condensate (MBbl/d) - WTI-NYMEX	0.2	$	75.44	/ Bbl	8%
Natural gas (BBtu/d) - NYMEX and basis	18.6	$	6.79	/ MMBtu	13%

See Note D of the Notes to Consolidated Financial Statements in this Quarterly Report for more information on our hedging activities.

Previous: Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS · Next: Item 4. CONTROLS AND PROCEDURES