BofA/Merrill Lynch Downgrades EnLink Midstream Partners (ENLK) to Neutral
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EnLink Midstream Reports Fourth Quarter and Full Year 2015 Results and 2016 Guidance
February 16, 2016 5:16 PM ESTDALLAS--(BUSINESS WIRE)-- The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner), today reported results for the fourth quarter of and full-year 2015 and 2016 Guidance.
Fourth Quarter 2015 EnLink Midstream Partners, LP Financial Results
The Partnership realized adjusted EBITDA of $186.1 million and distributable cash flow of $148.8 million in the fourth quarter of 2015, compared with adjusted EBITDA of $122.0 million and distributable cash flow of $93.0 million in the fourth quarter of 2014.
The Partnership's net loss from continuing operations was $714.1 million and net cash... More
