Midstream EBITDA definition

Midstream EBITDA means the EBITDA-HFS for the most recent four quarters for which financial information is available, provided that for the fiscal quarter ending (a) June 30, 2009, Midstream EBITDA shall be equal to the EBITDA-HFS for such fiscal quarter multiplied by 4, (b) September 30, 2009, Midstream EBITDA shall be equal to the EBITDA-HFS for the two fiscal quarters ending on such date multiplied by 2, and (c) December 31, 2009, Midstream EBITDA shall be equal to the EBITDA-HFS for the three fiscal quarters ending on such date multiplied by 4/3.
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Midstream EBITDA means Consolidated EBITDA attributable to the Midstream Properties and the Midstream Xxxxxx related thereto.
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Midstream EBITDA means for any date of determination and for the four fiscal quarter period ending on such date of determination, the consolidated net income (or loss) of the Borrower and its Midstream Subsidiaries, with respect to the Midstream Assets, determined on a consolidated basis in accordance with GAAP and as set forth on the Midstream Operating Statement for such period; plus, without duplication and to the extent deducted in the calculation of consolidated net income for such period, the sum of (a) income or franchise Taxes paid or accrued; (b) amortization and depreciation expense; (c) losses from sales or other dispositions of assets and other extraordinary or non-recurring losses; and (d) other non-cash charges (excluding accruals for cash expenses made in the ordinary course of business); minus, to the extent included in the calculation of consolidated net income for such period; (e) the sum of (1) extraordinary or non- recurring gains; and (2) gains from sales or other dispositions of assets; provided that in the event any such date of determination is prior to February 15, 2009, Midstream EBITDA for the period ending on such date of determination shall be the period from January 1, 2008, through the last day of the fiscal quarter immediately preceding such date of determination for which the Midstream Operating Statement required by Section 6.01(h) has been delivered, annualized; provided further that with respect to the calculation of Midstream EBITDA for any period, Midstream EBITDA shall be adjusted to give effect, on a pro forma basis, to any acquisition, installation (including new construction) or disposition of pipelines and natural gas gathering lines made during such period as if such acquisition, installation or disposition was made at the beginning of such period.
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Examples of Midstream EBITDA in a sentence

  • Concurrently with the delivery of the financial statements under Sections 8.01(a) and (b), unaudited consolidating financial statements with a separate presentation in such statements of the financials of Hawk Field Services and its Subsidiaries and a calculation of the Midstream EBITDA as of the date of such financial statements.

  • EBITDA attributable to the Bolt-on Acquisition was excluded from Equitrans Midstream EBITDA in accordance with the 2019 STIP calculation.

  • At year-end 2015, Antero Midstream expects to have 180 miles of low pressure gathering lines, 117 miles of high pressure gathering lines, and 920 MMcf/d of compression capacity in service.Antero Midstream EBITDA guidance for 2015 is $150 million to $160 million and Distributable Cash Flow (“DCF”) guidance for 2015 is $135 million to $145 million.

  • Midstream EBITDA (and hence the Midstream Component of the Borrowing Base) will be recalculated quarterly (each such recalculation, a “Scheduled Midstream Component Recalculation”) in connection with the delivery of the consolidated financial statements of the Borrower and its Consolidated Restricted Subsidiaries pursuant to Section 8.01(a), Section 8.01(b) and the compliance certificate pursuant to Section 8.01(c).

  • Simultaneously with the delivery to the Administrative Agent and the Lenders of each Reserve Report and taking into account the Midstream EBITDA for the period ending on the last day of the immediately preceding fiscal quarter for which the Midstream Operating Statement required by Section 6.01(h) has been delivered, the Borrower shall submit to the Administrative Agent and each Lender the Borrower’s requested amount of the Borrowing Base as of the next Redetermination Date.


More Definitions of Midstream EBITDA

Midstream EBITDA means for any date of determination and for the four fiscal quarter period ending on such date of determination, the consolidated net income (or loss) of the Borrower and its Midstream Subsidiaries, with respect to the Midstream Assets, determined on a consolidated basis in accordance with GAAP and as set forth on the Midstream Operating Statement for such period; plus, without duplication and to the extent deducted in the calculation of consolidated net income for such period, the sum of (a) income or franchise Taxes paid or accrued; (b) amortization and depreciation expense; (c) losses from sales or other dispositions of assets and other extraordinary or non-recurring losses; and (d) other non-cash charges (excluding accruals for cash expenses made in the ordinary course of business); minus, to the extent included in the calculation of consolidated net income for such period; (e) the sum of (1) extraordinary or non-recurring gains; and (2) gains from sales or other dispositions of assets; provided that in the event any such date of determination is prior to February 15, 2009, Midstream EBITDA for the period ending on such date of determination shall be the period from January 1, 2008, through the last day of the fiscal quarter immediately preceding such date of determination for which the Midstream Operating Statement required by Section 6.01(h) has been delivered, annualized; provided further that with respect to the calculation of Midstream EBITDA for any period, Midstream EBITDA shall be adjusted to give effect, on a pro forma basis, to any acquisition, installation (including new construction) or disposition of pipelines and natural gas gathering lines made during such period as if such acquisition, installation or disposition was made at the beginning of such period.
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Midstream EBITDA means the EBITDA-HFS for the most recent four quarters for which financial information is available.
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Midstream EBITDA means, for a particular period, the earnings of the Borrower generated solely from the Midstream Assets (excluding any related extraordinary or nonrecurring gain) plus, without duplication and to the extent deducted from revenues in determining the above described earnings for that period, the following, as they are properly allocated to the Midstream Assets: (a) interest expense; (b) tax obligations; (c) depletion, depreciation, accretion and amortization and any other non-cash charges; and (d) any extraordinary or nonrecurring loss, all as determined in accordance with generally accepted accounting principles; provided that:
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Related to Midstream EBITDA

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

  • Consolidated Adjusted EBITDA means, for any period, an amount determined for Borrower and its Subsidiaries on a consolidated basis equal to Consolidated Net Income for such period, plus, (i) to the extent deducted in determining Consolidated Net Income for such period, the sum, without duplication of amounts for:

  • Consolidated EBITDA means, for any period, the Consolidated Net Income for such period, plus:

  • Adjusted Consolidated EBITDA means, for any Computation Period, Consolidated EBITDA for such Computation Period adjusted by giving effect on a pro forma basis to Acquisitions and dispositions completed during such Computation Period.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • EBITDAX means, for any period, the sum of Consolidated Net Income for such period plus the following expenses or charges to the extent deducted from Consolidated Net Income in such period: interest, income taxes, depreciation, depletion, amortization, exploration expenses and other similar noncash charges, minus all noncash income added to Consolidated Net Income.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Acquired EBITDA means, with respect to any Acquired Entity or Business or any Converted Restricted Subsidiary for any period, the amount for such period of Consolidated EBITDA of such Acquired Entity or Business or Converted Restricted Subsidiary, as applicable, all as determined on a consolidated basis for such Acquired Entity or Business or Converted Restricted Subsidiary, as applicable.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Borrower for such Test Period.