EnLink Midstream Partners (ENLK) Posts Mixed Q4 Results
Tweet
Share
E-mailGet Alerts ENLK Hot Sheet
Join SI Premium – FREE
EnLink Midstream Partners (NYSE: ENLK) reported Q4 EPS of $0.21, $0.03 better than the analyst estimate of $0.18. Revenue for the quarter came in at $995.2 million versus the consensus estimate of $1.02 billion.
EnLink Midstream Provides 2015 Guidance
Assuming the achievement of the 2015 guidance set forth in the table below, the Partnership expects to generate sufficient distributable cash flow to support distributions of approximately $1.58 per unit of the Partnership for 2015, which would be an approximate increase of 7.5 percent over distributions declared for 2014. The General Partner expects it could pay distributions of $1.025 per unit of the General Partner for 2015, which would be an approximate increase of 18.5 percent over distributions declared for 2014, assuming the receipt of per unit distributions from the Partnership consistent with the guidance stated above. The payment and amount of distributions will be subject to approval by the Boards of Directors of the Partnership and General Partner and to economic conditions and other factors existing during the time of determination.
| EnLink Midstream | |||
| Guidance for Total Year 2015 | |||
| (All amounts in millions except percentages and per unit amounts) | |||
| 2015 Guidance | |||
| EnLink Midstream Consolidated | |||
| Adjusted EBITDA | ~ $740 | ||
| Percentage of gross operating margin from fee-based contracts | ~ 95% | ||
| EnLink Midstream Partners, LP | |||
| Adjusted EBITDA | ~ $710 | ||
| Distributable cash flow | ~ $570 | ||
| ENLK annual distributions per unit | ~ $1.58 | ||
| ENLK annual distribution growth rate from 2014 to 2015 | ~ 7.5% | ||
| Announced acquisition expenditures (excluding drop down transactions) | ~ $700 | ||
| Growth capital expenditures | ~ $500 | ||
| Maintenance capital expenditures | ~ $50 | ||
| EnLink Midstream, LLC | |||
| Cash taxes | ~ $20 | ||
| ENLC annual distributions per unit | ~ $1.025 | ||
| ENLC annual distribution growth rate from 2014 to 2015 | ~ 18.5% | ||
For earnings history and earnings-related data on EnLink Midstream Partners (ENLK) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- HeartCore Enterprises, Inc. (HTCR) Misses Q2 EPS by 185c
- Diana Shipping withdraws bid to acquire Genco Shipping
Create E-mail Alert Related Categories
EarningsRelated Entities
Earnings, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
