Enable Midstream Partners (ENBL) Tops Q1 EPS by 1c, Revenues Miss

Enable Midstream Partners (NYSE: ENBL) reported Q1 EPS of $0.26, $0.01 better than the analyst estimate of $0.25. Revenue for the quarter came in at $795 million versus the consensus estimate of $909.63 million.

• Increased net income attributable to limited partners, Adjusted EBITDA and distributable cash flow (DCF) for first quarter 2019 compared to first quarter 2018
• Increased natural gas gathered volumes, natural gas processed volumes, natural gas liquids (NGLs) production, crude oil and condensate gathered volumes, transported volumes and interstate firm contracted capacity for first quarter 2019 compared to first quarter 2018
• Contracted or extended over 1,000,000 dekatherms per day (Dth/d) of transportation capacity during first quarter 2019
• Declared a quarterly cash distribution of $0.318 per unit on all outstanding common units and $0.625 on all outstanding Series A Preferred Units

MANAGEMENT PERSPECTIVE

“Enable’s first quarter continues our track record of outstanding financial performance driven by high-quality assets, operational excellence and disciplined capital investment,” said Rod Sailor, president and CEO. “As 2019 unfolds, we believe our focus on delivering unique service offerings and results through safe and reliable operations offers a compelling value to both customers and investors.”

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

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