Enable Midstream Partners (ENBL) Misses Q1 EPS by 8c, Revenues Miss

Enable Midstream Partners (NYSE: ENBL) reported Q1 EPS of $0.19, $0.08 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $648 million versus the consensus estimate of $840.92 million.

MANAGEMENT PERSPECTIVE

“In response to current industry conditions, we have taken decisive action to increase our financial flexibility and liquidity, and we are committed to further action, as needed, to maintain our strength in 2020 and beyond,” said Rod Sailor, president and CEO. “With the challenges we see ahead in 2020 for crude-directed drilling areas, I am encouraged by the continued activity we see in the dry gas areas across our footprint and the continued contracting activity in our transportation and storage business, which highlights the benefits of our diversified asset portfolio. I am also proud of how Enable’s employees have continued to safely deliver on the high standard of reliable operations that our customers have come to expect, despite the modifications of our operating procedures due to COVID-19.”

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

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