Enable Midstream Partners (ENBL) Tops Q1 EPS by 7c, Beats on Revenue; 'Reaffirms Financial & Operational 2017 Outlook'

Enable Midstream Partners (NYSE: ENBL) reported Q1 EPS of $0.25, $0.07 better than the analyst estimate of $0.18. Revenue for the quarter came in at $666 million versus the consensus estimate of $646.76 million.

2017 OUTLOOK

Enable reaffirms the 2017 financial and operational outlook initially presented in its third quarter 2016 financial results press release dated November 2, 2016, and subsequently reaffirmed in its fourth quarter and full-year 2016 financial results press release dated February 21, 2017.

Enable is updating its outlook range for 2017 expansion capital spending to $500 million to $600 million to account for spend related to Project Wildcat and the CaSE project and revised capital projections for other projects. In addition, Enable anticipates that there will be a need to resume construction of the previously announced Wildhorse Plant, though likely not before 2018.

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

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