Enable Midstream Announces Quarterly Distributions

Rhea-AI Summary

Enable Midstream Partners declared a quarterly cash distribution of $0.16525 per common unit for the quarter ending Dec. 31, 2020, unchanged from the previous quarter. The payment will occur on March 1, 2021, for unitholders of record as of Feb. 22, 2021. Additionally, a distribution of $0.625 per Series A Preferred Unit has been announced for the same quarter, payable on Feb. 12, 2021, to unitholders of record as of that same date. Enable operates extensive natural gas and crude oil infrastructure assets across the U.S.

Positive

• Quarterly cash distribution of $0.16525 per common unit remains consistent, indicating financial stability.
• Series A Preferred Units receive a distribution of $0.625, reflecting ongoing shareholder returns.

Negative

• None.

Enable Midstream Partners, LP (NYSE: ENBL) announced that the board of directors of its general partner declared today a quarterly cash distribution of $0.16525 per unit on all outstanding common units for the quarter ended Dec. 31, 2020. The distribution is unchanged from the previous quarter. The quarterly cash distribution of $0.16525 per unit on all outstanding common units will be paid March 1, 2021, to unitholders of record at the close of business Feb. 22, 2021.

Enable also announced today that the board declared a quarterly cash distribution of $0.625 per unit on all Series A Preferred Units for the quarter ended Dec. 31, 2020. The quarterly cash distribution of $0.625 on all Series A Preferred Units outstanding will be paid Feb. 12, 2021, to unitholders of record at the close of business Feb. 12, 2021.

ABOUT ENABLE MIDSTREAM PARTNERS

Enable owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 14,000 miles of natural gas, crude oil, condensate and produced water gathering pipelines, approximately 2.6 Bcf/d of natural gas processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50%), approximately 2,200 miles of intrastate pipelines and seven natural gas storage facilities comprising 84.5 billion cubic feet of storage capacity. For more information, visit https://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%) of Enable’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enable’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Brokers and nominees, and not Enable, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210212005036/en/

FAQ

What is the quarterly cash distribution for Enable Midstream Partners (ENBL) for Q4 2020?

The quarterly cash distribution is $0.16525 per common unit.

When will Enable Midstream Partners (ENBL) pay its quarterly cash distribution?

The payment will be made on March 1, 2021, to unitholders of record as of February 22, 2021.

What is the distribution for Series A Preferred Units of Enable Midstream Partners (ENBL)?

The distribution for Series A Preferred Units is $0.625.

When will the Series A Preferred Units distribution be paid for Enable Midstream Partners (ENBL)?

The distribution will be paid on February 12, 2021, to unitholders of record on that date.