Enable Midstream Partners (ENBL) Tops Q4 EPS by 11c, Revenues Beat

Enable Midstream Partners (NYSE: ENBL) reported Q4 EPS of $0.38, $0.11 better than the analyst estimate of $0.27. Revenue for the quarter came in at $950 million versus the consensus estimate of $836.16 million.

“Enable executed at a high level in 2018, with record natural gas and crude oil gathered volumes and natural gas processed volumes, which drove financial performance that outpaced 2017,” said Rod Sailor, president and CEO. “We expanded our footprint by completing cost-effective, customer-focused expansion projects and strengthened our foundation for the long term with our acquisition of the Velocity system and announcement of the Gulf Run Pipeline project. For 2019, we will remain a disciplined operator, focused on our customers, deploying capital efficiently and building value for unitholders.”

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

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