DALLAS, April 21, 2016 /PRNewswire/ -- The EnLink
Midstream companies today announced quarterly distributions for
EnLink Midstream Partners, LP (NYSE: ENLK) (the Master Limited
Partnership) and EnLink Midstream, LLC (NYSE: ENLC)
(the General Partner) for the first quarter of 2016:
- The quarterly distribution on the Master Limited Partnership's
common units will be $0.39 per common
unit, which represents a flat distribution compared to the fourth
quarter of 2015 and a year-over-year increase of approximately
three percent compared to the first quarter of 2015. The
distribution is payable on May 12 to
unitholders of record on May 2.
- The quarterly distribution on the General Partner's common
units will be $0.255 per common unit,
which represents a flat distribution compared to the fourth quarter
of 2015 and a year-over-year increase of approximately four percent
compared to the first quarter of 2015. The distribution is payable
on May 13 to unitholders of record on
May 2.
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, the
STACK, Eagle Ford Shale, Haynesville Shale, Gulf Coast region,
Utica Shale, and Marcellus Shale.
Based in Dallas, Texas, EnLink
Midstream's assets include approximately 9,900 miles of gathering
and transportation pipelines, 18 processing plants with 3.8 billion
cubic feet per day of processing capacity, and 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, the 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.
|
Contact:
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Jill McMillan,
Vice President of Communications and Investor
Relations
|
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Phone:
214-721-9271
Jill.McMillan@enlink.com
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SOURCE EnLink Midstream