EnLink Midstream Increases Quarterly Distributions
July 21 2015 - 8:00AM
Business Wire
The EnLink Midstream companies today announced the declaration
of the quarterly distributions for EnLink Midstream Partners, LP
(NYSE: ENLK) (the Master Limited Partnership) and EnLink Midstream,
LLC (NYSE: ENLC) (the General Partner) for the second
quarter of 2015:
- The quarterly distribution on the
Master Limited Partnership’s common units will be $0.385 per common
unit, which represents a half cent increase compared to
distributions declared for the first quarter of 2015 and an
annualized distribution increase of around 6 percent compared to
the second quarter of 2014. The distribution is payable on August
13 to unitholders of record on July 31.
- The quarterly distribution on the
General Partner’s common units will be $0.25 per common unit, which
represents a half cent increase compared to distributions declared
for the first quarter of 2015 and an annualized distribution
increase of around 14 percent compared to the second quarter of
2014. The distribution is payable on August 14 to unitholders of
record on July 31.
About the EnLink Midstream Companies
EnLink Midstream is a leading, integrated midstream company with
a diverse geographic footprint and a strong financial foundation,
delivering tailored customer solutions for sustainable growth.
EnLink Midstream is publicly traded through two entities: EnLink
Midstream, LLC (NYSE: ENLC), the publicly traded general partner
entity, and EnLink Midstream Partners, LP (NYSE: ENLK), the master
limited partnership.
EnLink Midstream’s assets are located in many of North America’s
premier oil and gas regions, including the Barnett Shale, Permian
Basin, Cana-Woodford Shale, Arkoma-Woodford Shale, Eagle Ford
Shale, Haynesville Shale, Gulf Coast region, Utica Shale and
Marcellus Shale. Based in Dallas, Texas, EnLink Midstream’s assets
include over 9,100 miles of gathering and transportation pipelines,
16 processing plants with 3.6 billion cubic feet per day of
processing capacity, seven fractionators with 280,000 barrels per
day of fractionation capacity, as well as barge and rail terminals,
product storage facilities, purchase and marketing capabilities,
brine disposal wells, an extensive crude oil trucking fleet and
equity investments in certain private midstream companies.
Additional information about the EnLink Midstream companies can
be found at www.EnLink.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. These statements are
based on certain assumptions made by the Master Limited Partnership
and the General Partner based upon management's experience and
perception of historical trends, current conditions, expected
future developments and other factors the Master Limited
Partnership and the General Partner believe are appropriate in the
circumstances. These statements include, but are not limited to,
statements with respect to results of operations information and
distribution information. Such statements are subject to a number
of assumptions, risks and uncertainties, many of which are beyond
the control of the Master Limited Partnership and the General
Partner, which may cause the Master Limited Partnership's and the
General Partner's actual results to differ materially from those
implied or expressed by the forward-looking statements. These risks
include, but are not limited to, risks discussed in the Master
Limited Partnership's and the General Partner’s filings with the
Securities and Exchange Commission. The Master Limited Partnership
and the General Partner have no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
Qualified Notice to Nominees:
This information is intended to be a qualified notice to
nominees as provided for under Treasury Regulation Section
1.1446-4(b)(4) and (d). Under the rules applicable to publicly
traded partnerships, 100 percent of the Master Limited
Partnership’s distributions to foreign investors are attributable
to income that is effectively connected with a United States trade
or business. Accordingly, all of the Master Limited Partnership’s
distributions to foreign investors are subject to federal income
tax withholding at the highest effective tax rate.
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version on businesswire.com: http://www.businesswire.com/news/home/20150721005159/en/
EnLink MidstreamJill McMillan, 214-721-9271Vice
President of Communications and Investor
RelationsJill.McMillan@enlink.com
EnLink Midstream Partners, LP (NYSE:ENLK)
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