Enable Midstream Partners (ENBL) Tops Q3 EPS by 7c

November 2, 2016 6:39 AM EDT
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Price: $15.42 -1.53%

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Enable Midstream Partners (NYSE: ENBL) reported Q3 EPS of $0.26, $0.07 better than the analyst estimate of $0.19. Revenue for the quarter came in at $620 million versus the consensus estimate of $690.22 million.

2016 OUTLOOK

The partnership forecasts that it will perform near the midpoint of its previously issued outlook for 2016 net income attributable to common and subordinated unitholders and achieve the lower end of its previously issued outlook for 2016 interest expense.

The partnership also forecasts that it will achieve the higher end of its previously issued outlook for 2016 Adjusted EBITDA and the lower end of its previously issued outlook for maintenance capital and adjusted interest expense.

FY17 Outlook:

Financial
Net Income Attributable to Common and Subordinated Unit Holders
$315 - $385
Interest Expense
$114 - $122
Adjusted EBITDA
$825 - $885
Preferred Equity Distributions
$36
Adjusted Interest Expense
$120 - $130
Maintenance Capital
$95 - $125
Distributable Cash Flow
$555 - $605
Coverage Ratio
1.0x or greater

For earnings history and earnings-related data on Enable Midstream Partners (ENBL) click here.



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