The EnLink Midstream companies today announced the declaration of the
quarterly distributions for EnLink Midstream Partners, LP (NYSE: ENLK)
(the Master Limited Partnership) and EnLink Midstream, LLC (NYSE: ENLC)
(the General Partner) for the fourth quarter of 2015:
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The quarterly distribution on the Master Limited Partnership’s common
units will be $0.39 per common unit, which represents a flat
distribution compared to the third quarter of 2015 and a 2015 annual
distribution increase of around five percent compared to 2014. The
distribution is payable on February 11 to unitholders of record on
February 1.
-
The quarterly distribution on the General Partner’s common units will
be $0.255 per common unit, which represents a flat distribution
compared to the third quarter of 2015 and a 2015 annual distribution
increase of around 16 percent compared to 2014. The distribution is
payable on February 12 to unitholders of record on February 1.
About the EnLink Midstream Companies
EnLink Midstream is a leading, integrated midstream company with a
diverse geographic footprint and a strong financial foundation,
delivering tailored customer solutions for sustainable growth. EnLink
Midstream is publicly traded through two entities: EnLink Midstream, LLC
(NYSE: ENLC), the publicly traded general partner entity, and EnLink
Midstream Partners, LP (NYSE: ENLK), the master limited partnership.
EnLink Midstream’s assets are located in many of North America’s premier
oil and gas regions, including the Barnett Shale, Permian Basin,
Cana-Woodford Shale, Arkoma-Woodford Shale, the STACK, Eagle Ford Shale,
Haynesville Shale, Gulf Coast region, Utica Shale, and Marcellus Shale.
Based in Dallas, Texas, EnLink Midstream’s assets include over 9,700
miles of gathering and transportation pipelines, 19 processing plants
with 3.8 billion cubic feet per day of processing capacity, and seven
fractionators with 280,000 barrels per day of fractionation capacity, as
well as barge and rail terminals, product storage facilities, purchase
and marketing capabilities, brine disposal wells, an extensive crude oil
trucking fleet, and equity investments in certain private midstream
companies. Additional information about the EnLink Midstream companies
can be found at www.EnLink.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws. These statements are based on
certain assumptions made by the Master Limited Partnership and the
General Partner based upon management's experience and perception of
historical trends, current conditions, expected future developments and
other factors the Master Limited Partnership and the General Partner
believe are appropriate in the circumstances. These statements include,
but are not limited to, statements with respect to results of operations
information and distribution information. Such statements are subject to
a number of assumptions, risks and uncertainties, many of which are
beyond the control of the Master Limited Partnership and the General
Partner, which may cause the Master Limited Partnership's and the
General Partner’s actual results to differ materially from those implied
or expressed by the forward-looking statements. These risks include, but
are not limited to, the risks discussed in the Master Limited
Partnership's and the General Partner’s filings with the Securities and
Exchange Commission. The Master Limited Partnership and the General
Partner have no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Qualified Notice to Nominees:
This information is intended to be a qualified notice to nominees as
provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d).
Under the rules applicable to publicly traded partnerships, 100 percent
of the Master Limited Partnership’s distributions to foreign investors
are attributable to income that is effectively connected with a United
States trade or business. Accordingly, all of the Master Limited
Partnership’s distributions to foreign investors are subject to federal
income tax withholding at the highest effective tax rate.
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