EnLink Midstream Declares Second Quarter 2020 Distribution

Rhea-AI Summary

EnLink Midstream has declared a cash distribution of $0.09375 per common unit for the second quarter of 2020, unchanged from the first quarter. The payment is scheduled for August 13, 2020, to unitholders on record by July 31, 2020. EnLink operates a robust midstream platform, facilitating natural gas, crude oil, and NGL services across significant production areas, including the Permian Basin and Gulf Coast. The company's commitment to sustainable value creation aims to deliver competitive returns for stakeholders.

Positive

• Maintained cash distribution at $0.09375 per unit, signaling stability.
• Strong operations in premier production basins support long-term growth.

Negative

• None.

DALLAS, July 20, 2020 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced that its Board of Directors declared a cash distribution of $0.09375 per common unit for the second quarter of 2020, which is unchanged from the first quarter 2020 distribution. The second quarter 2020 cash distribution will be paid on August 13, 2020, to unitholders of record on July 31, 2020.

About EnLink Midstream
EnLink Midstream reliably operates a differentiated midstream platform that is built for long-term, sustainable value creation. EnLink's best-in-class services span the midstream value chain, providing natural gas, crude oil, condensate, and NGL capabilities. Our purposely built, integrated asset platforms are in premier production basins and core demand centers, including the Permian Basin, Oklahoma, North Texas, and the Gulf Coast. EnLink's strong financial foundation and commitment to execution excellence drive competitive returns and value for our employees, customers, and investors. Headquartered in Dallas, EnLink is publicly traded through EnLink Midstream, LLC (NYSE: ENLC). Visit www.EnLink.com to learn how EnLink connects energy to life.

Investor Relations: Kate Walsh, Vice President of Investor Relations, 214-721-9696, kate.walsh@enlink.com 
Media Relations: Jill McMillan, Vice President of Strategic Relations and Public Affairs, 214-721-9271, jill.mcmillan@enlink.com

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SOURCE EnLink Midstream, LLC

FAQ

What is the cash distribution declared by EnLink Midstream for Q2 2020?

EnLink Midstream declared a cash distribution of $0.09375 per common unit for the second quarter of 2020.

When will the cash distribution be paid to unitholders?

The cash distribution will be paid on August 13, 2020.

What is the record date for the cash distribution from EnLink Midstream?

The record date for the cash distribution is July 31, 2020.

How does EnLink Midstream ensure long-term value creation?

EnLink Midstream operates a differentiated midstream platform across major production basins, focusing on natural gas and crude oil services.