Enable Midstream announces quarterly distributions

Net cash grows for Enable Midstream but net income slips – Oklahoma Energy  Today

 

Oklahoma City-based Enable Midstream Partners, LP  announced Friday  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 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.

The Oklahoma company’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.

Source: Business Wire