Our primary business objective is to create sustainable, capital-efficient growth in cash available for distribution to our unitholders while maintaining a strong credit profile and financial flexibility. Our growth objective is largely dependent on the availability of open and reasonably priced capital markets. Subject to the availability of the capital markets, we are pursuing the following business strategies:
- Expand our Eastern Midstream and Midcontinent Midstream operations by adding new natural gas production to existing systems and acquiring or building new natural gas gathering and processing assets. We continually seek new supplies of natural gas both to offset the natural declines in production from the wells currently connected to our systems and to increase system throughput volumes. New natural gas supplies are obtained for all of our systems by contracting for production from new wells, connecting new wells drilled on dedicated acreage and by contracting for natural gas that has been released from competitors’ systems.
- Mitigate commodity price exposure in our Eastern Midstream and Midcontinent Midstream segments. Our natural gas midstream operations consist of a mix of fee-based and margin-based services that are expected to generate relatively stable cash flows for a portion of our operations. We continually monitor commodity prices and when it is opportunistic, we may choose to manage our exposure to commodity price risk by entering into hedging transactions.