EnLink Midstream Declares Third Quarter 2020 Distribution

Rhea-AI Summary

EnLink Midstream announced a third-quarter 2020 cash distribution of $0.09375 per common unit, consistent with the previous quarter. This distribution will be paid on November 13, 2020 to unitholders recorded by October 30, 2020. EnLink emphasizes its focus on long-term, sustainable value creation through its midstream platform, providing essential services across premier production areas. This announcement reflects the company's commitment to maintaining consistent returns for its investors amid market fluctuations.

Positive

• Consistent cash distribution of $0.09375 per common unit shows stability amid market conditions.
• Distribution reflects a strong financial foundation and commitment to shareholders.

Negative

• None.

DALLAS, Oct. 19, 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 third quarter of 2020, which is unchanged from the second quarter 2020 distribution. The third quarter 2020 cash distribution will be paid on November 13, 2020, to unitholders of record on October 30, 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 and Tax, 214-721-9696, kate.walsh@enlink.com

Media Relations: Jill McMillan, Vice President of Strategic Relations & 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 Q3 2020?

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

When will the Q3 2020 distribution be paid to unitholders of EnLink Midstream?

The third quarter 2020 cash distribution will be paid on November 13, 2020.

What is the record date for EnLink Midstream's Q3 2020 cash distribution?

The record date for the distribution is October 30, 2020.

Has EnLink Midstream changed its cash distribution for Q3 2020?

No, the cash distribution of $0.09375 per common unit is unchanged from the previous quarter.

What are the key areas where EnLink Midstream provides services?

EnLink Midstream operates in premier production basins including the Permian Basin, Oklahoma, North Texas, and the Gulf Coast.