Enable Midstream Partners, LP (NYSE:ENBL) announced today that on Oct.
22, 2015, the board of directors of its general partner declared a
quarterly cash distribution of $0.318 per unit on all outstanding common
and subordinated units for the quarter ended Sept. 30, 2015. The
distribution will be paid Nov. 13, 2015, to unitholders of record at the
close of business on Nov. 3, 2015.
This distribution represents the fifth consecutive quarterly
distribution increase since Enable paid its first quarterly distribution
for the second quarter of 2014. With this increase, Enable’s
distribution has grown 3 percent from its fourth quarter 2014
distribution, the low end of previously announced 2015 distribution
growth guidance of 3 percent to 7 percent as measured from the
partnership’s fourth quarter 2014 distribution.
ABOUT ENABLE MIDSTREAM PARTNERS
The partnership owns, operates and develops strategically located
natural gas and crude oil infrastructure assets. The partnership’s
assets include approximately 12,300 miles of gathering pipelines, 13
major processing plants with approximately 2.3 billion cubic feet per
day of processing capacity, approximately 7,900 miles of interstate
pipelines (including Southeast Supply Header, LLC of which the
partnership owns 50 percent), approximately 2,200 miles of intrastate
pipelines and eight storage facilities comprising 87.5 billion cubic
feet of storage capacity. For more information, visit
EnableMidstream.com.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat one
hundred percent (100.0%) of Enable Midstream’s distributions to foreign
investors as being attributable to income that is effectively connected
with a United States trade or business. Accordingly, the partnership’s
distributions to foreign investors are subject to federal income tax
withholding at the highest applicable effective tax rate. Brokers and
nominees, and not the Partnership, are treated as the withholding agents
responsible for withholding on the distributions received by them on
behalf of foreign investors.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the
meaning of the securities laws. All statements, other than statements of
historical fact, regarding Enable Midstream Partners’ strategy, future
operations, financial position, estimated revenues, projected costs,
prospects, plans and objectives of management are forward-looking
statements. These statements often include the words “could,” “believe,”
“anticipate,” “intend,” “estimate,” “expect,” “project,” “forecast” and
similar expressions and are intended to identify forward-looking
statements, although not all forward-looking statements contain such
identifying words. These forward-looking statements are based on Enable
Midstream’s current expectations and assumptions about future events and
are based on currently available information as to the outcome and
timing of future events. Enable Midstream assumes no obligation to and
does not intend to update any forward-looking statements included
herein. When considering forward-looking statements, you should keep in
mind the risk factors and other cautionary statements described under
the heading “Risk Factors” included in our SEC filings. Enable Midstream
cautions you that these forward-looking statements are subject to all of
the risks and uncertainties, most of which are difficult to predict and
many of which are beyond its control, incident to the ownership,
operation and development of natural gas and crude oil infrastructure
assets. These risks include, but are not limited to, contract renewal
risk, commodity price risk, environmental risks, operating risks,
regulatory changes and the other risks described under “Risk Factors” in
our SEC filings. Should one or more of these risks or uncertainties
occur, or should underlying assumptions prove incorrect, Enable
Midstream’s actual results and plans could differ materially from those
expressed in any forward-looking statements.
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