Enable Midstream Announces Quarterly Distributions

Rhea-AI Summary

Enable Midstream Partners, LP (NYSE: ENBL) announced a quarterly cash distribution of $0.16525 per unit on all common units for Q2 2021, unchanged from the previous quarter. This distribution will be paid on Aug. 24, 2021, to unitholders of record by Aug. 12, 2021. Additionally, a quarterly cash distribution of $0.5439 per unit on Series A Preferred Units was declared, payable on Aug. 13, 2021, to unitholders of record by July 30, 2021. Enable operates extensive natural gas and crude oil infrastructure assets, including around 14,000 miles of pipelines.

Positive

• Quarterly cash distribution of $0.16525 per unit for common units maintains stability.
• Distribution of $0.5439 per unit for Series A Preferred Units shows commitment to preferred unitholders.
• Diverse infrastructure assets including approximately 14,000 miles of pipelines enhance operational stability.

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 June 30, 2021. 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 Aug. 24, 2021, to unitholders of record at the close of business Aug. 12, 2021.

Enable also announced today that the board declared a quarterly cash distribution of $0.5439 per unit on all Series A Preferred Units for the quarter ended June 30, 2021. The quarterly cash distribution of $0.5439 on all Series A Preferred Units outstanding will be paid Aug. 13, 2021, to unitholders of record at the close of business July 30, 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/20210730005570/en/

FAQ

What is the cash distribution announced by Enable Midstream Partners for common units?

Enable Midstream Partners announced a cash distribution of $0.16525 per common unit for Q2 2021.

When will Enable Midstream Partners distribute its cash to unitholders?

The cash distribution will be paid on August 24, 2021, to unitholders of record by August 12, 2021.

What is the cash distribution for the Series A Preferred Units by Enable Midstream Partners?

The quarterly cash distribution for Series A Preferred Units is $0.5439.

When will the Series A Preferred Unit distribution be paid?

The distribution for Series A Preferred Units will be paid on August 13, 2021, to unitholders of record by July 30, 2021.

How many miles of pipelines does Enable Midstream Partners operate?

Enable Midstream Partners operates approximately 14,000 miles of natural gas and crude oil pipelines.