Enable Midstream Partners (ENBL) Misses Q4 EPS by 23c, Revenues Miss

Enable Midstream Partners (NYSE: ENBL) reported Q4 EPS of $0.02, $0.23 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $731 million versus the consensus estimate of $845.48 million.

• Achieved record high annual natural gas gathered, natural gas processed, natural gas transported, and crude oil and condensate gathered volumes
• Enable Mississippi River Transmission, LLC (MRT) has agreed to rate case settlement terms with all of MRT’s firm capacity customers that participated in the pipeline’s recent rate cases
• Contracted or extended over 1,220,000 dekatherms per day (Dth/d) of transportation capacity during fourth quarter 2019, including contracts associated with the MRT rate cases that are subject to Federal Energy Regulatory Commission (FERC) approval

MANAGEMENT PERSPECTIVE

“The energy industry experienced significant changes in 2019, and Enable rose to the challenge as we set records for annual gathering, processing and transportation volumes,” said Rod Sailor, president and CEO. “As we face the headwinds of 2020, Enable remains focused on operational excellence, cost discipline and efficient capital deployment.”

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

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