Pay Versus Performance

As required by Item 402(v) of Regulation

S-K,

the Company is

providing

the following

information

regarding the relationship between executive compensation and the Company’s financial performance for each of the three years in the period ended December 31, 2022. In accordance with the applicable SEC rules, the adjustments described and quantified below were made to the values reported in the Summary Compensation Table for each applicable year to determine the “actual” compensation paid to our Principal Executive Officers (“PEOs”) and the average “actual” compensation paid to our other Named Executive Officers (“NEOs”).

The following table summarizes compensation values reported in the Summary Compensation Table for our PEO and the average for our other NEOs, as compared to “compensation actually paid” or “CAP” and the Company’s financial performance for the years ended December 31, 2022, 2021, and 2020:



Year	Summary Compensation Table Total for First PEO (1)		Compensation Actually Paid to First PEO (1) (2)		Summary Compensation Table Total for Second PEO (1)		Compensation Actually Paid to Second PEO (1) (2)		Average Summary Compensation Table Total for Non-PEO NEOs (1)		Average Compensation Actually Paid to Non-PEO NEOs (1) (2)		Value of Initial Fixed $100 Investment Based On:				Net Income (Loss) (In Millions)			Adjusted EBITDA (in Millions)
Year	Summary Compensation Table Total for First PEO (1)		Compensation Actually Paid to First PEO (1) (2)		Summary Compensation Table Total for Second PEO (1)		Compensation Actually Paid to Second PEO (1) (2)				Average Compensation Actually Paid to Non-PEO NEOs (1) (2)		TSR		Peer Group TSR (3)		Net Income (Loss) (In Millions)			Adjusted EBITDA (in Millions)

(a)		(b)		(c)		(b)		(c)		(d)		(e)		(f)		(g)		(h)			(i)



2022		N/A		N/A	$	15,202,542	$	39,196,628	$	4,719,589	$	11,823,921	$	194.07	$	140.99	$	1,531.4		$	2,901.1

2021		N/A		N/A	$	14,691,940	$	40,278,218	$	4,364,561	$	12,154,312	$	135.07	$	108.82	$	422.1		$	2,052.0

2020	$	11,213,260	$	3,897,160	$	12,102,596	$	7,050,069	$	3,598,338	$	1,236,586	$	67.48	$	75.04	$	(1,325.1	)	$	1,636.6

(1)

The first and second PEOs reflected in columns (b) and (c) represent Joe Bob Perkins and Matthew J. Meloy, respectively. Both men served as our PEO during periods of the 2020 year. The

non-PEO

NEOs reflected in columns (d) and (e) for each of 2020, 2021 and 2022 are as follows: Jennifer R. Kneale, Patrick J. McDonie, D. Scott Pryor and Robert M. Muraro.

(2)

The Company deducted from and added to the Summary Compensation Table total compensation in the following amounts to calculate compensation actually paid in accordance with Item 402(v) of Regulation

S-K

as disclosed in columns (c) and (e) for each PEO and

Non-PEO

NEOs in each respective year. As the Company’s NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.

(3)	The peer group that we have used for purposes of this Pay Versus Performance section is the Alerian US Midstream Energy Index, which is the same index that we use for our stock performance graph each year within our Annual Report on Form 10-K.

Named Executive Officers, Footnote [Text Block]

The first and second PEOs reflected in columns (b) and (c) represent Joe Bob Perkins and Matthew J. Meloy, respectively. Both men served as our PEO during periods of the 2020 year. The

non-PEO

NEOs reflected in columns (d) and (e) for each of 2020, 2021 and 2022 are as follows: Jennifer R. Kneale, Patrick J. McDonie, D. Scott Pryor and Robert M. Muraro.

Adjustment To PEO Compensation, Footnote [Text Block]



	2020

First PEO Summary Compensation Table Totals	$	11,213,260

Add (Subtract):

Fair value of equity awards granted during the year from the Summary Compensation Table		(9,504,775	)

Fair value at year end of equity awards granted during the year		6,867,379

Fair value of equity awards granted and vested during the year		-

Change in fair value of equity awards granted in prior years that were unvested as of the end of the year		(5,940,176	)

Change in fair value of equity awards granted in prior years that vested during the year		28,939

Equity awards granted in prior years that were forfeited during the year		-

Dividends or other earnings paid on equity awards during the year		1,232,533

Total Equity Award Related Adjustments		(7,316,100	)

Compensation Actually Paid Totals	$	3,897,160



	2022			2021			2020

Second PEO Summary Compensation Table Totals	$	15,202,542		$	14,691,940		$	12,102,596

Add (Subtract):

Fair value of equity awards granted during the year from the Summary Compensation Table		(10,675,003	)		(10,289,456	)		(9,548,519	)

Fair value at year end of equity awards granted during the year		15,599,736			22,519,263			7,134,959

Fair value of equity awards granted and vested during the year		-			-			-

Change in fair value of equity awards granted in prior years that were unvested as of the end of the year		17,712,899			12,300,127			(3,098,679	)

Change in fair value of equity awards granted in prior years that vested during the year		592,841			262,893			12,060

Equity awards granted in prior years that were forfeited during the year		-			-			-

Dividends or other earnings paid on equity awards during the year		763,613			793,451			447,652

Total Equity Award Related Adjustments		23,994,086			25,586,278			(5,052,527	)

Compensation Actually Paid Totals	$	39,196,628		$	40,278,218		$	7,050,069

Non-PEO NEO Average Compensation Actually Paid Amount

$ 11,823,921

12,154,312

1,236,586

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Compensation Actually Paid vs. Company Selected Measure [Text Block]

Tabular List [Table Text Block]

Most Important Performance Measures for Fiscal Year 2022

The measures listed below represent the most important financial performance measures that we used to determine CAP for fiscal year 2022 as further described in our CD&A.

Most Important Financial Performance Measures

Adjusted EBITDA

Distributable Cash Flow per Share

Relative TSR