Enable Midstream Partners (ENBL) Tops Q1 EPS by 1c, Beats on Revenues; Boosts FY18 View on Net Income, Adj. EBITDA & Cash Flows

Enable Midstream Partners (NYSE: ENBL) reported Q1 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $748 million versus the consensus estimate of $727.2 million.

• Achieved all-time high for quarterly natural gas gathered volumes and processed volumes, supported by 40 rigs drilling wells expected to be connected to Enable\'s gathering systems
• Contracted or extended over 375,000 dekatherms per day (Dth/d) of transportation capacity in 2018
• Raising outlook for 2018 net income attributable to common units, Adjusted EBITDA and distributable cash flow (DCF)
• Declared a quarterly cash distribution of $0.318 per unit on all outstanding common units and $0.625 on all Series A Preferred Units

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

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