EnLink Midstream Partners (ENLK) Posts Mixed Q4 Results

EnLink Midstream Partners (NYSE: ENLK) reported Q4 EPS of $0.21, $0.03 better than the analyst estimate of $0.18. Revenue for the quarter came in at $995.2 million versus the consensus estimate of $1.02 billion.

EnLink Midstream Provides 2015 Guidance

Assuming the achievement of the 2015 guidance set forth in the table below, the Partnership expects to generate sufficient distributable cash flow to support distributions of approximately $1.58 per unit of the Partnership for 2015, which would be an approximate increase of 7.5 percent over distributions declared for 2014. The General Partner expects it could pay distributions of $1.025 per unit of the General Partner for 2015, which would be an approximate increase of 18.5 percent over distributions declared for 2014, assuming the receipt of per unit distributions from the Partnership consistent with the guidance stated above. The payment and amount of distributions will be subject to approval by the Boards of Directors of the Partnership and General Partner and to economic conditions and other factors existing during the time of determination.

For earnings history and earnings-related data on EnLink Midstream Partners (ENLK) click here.

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