DALLAS, March 19, 2018 /PRNewswire/ -- The EnLink
Midstream companies (EnLink), EnLink Midstream, LLC (NYSE: ENLC),
the General Partner, and EnLink Midstream Partners, LP (NYSE:
ENLK), the Master Limited Partnership, announced that EnLink
expects to experience no impact to financial results from the
recently revised Federal Energy Regulatory Commission (FERC) policy
that now disallows income tax cost recovery in master limited
partnership (MLP) rate structures based on cost of service.
"EnLink's cash flows are expected to be unaffected by the
change," said Michael J. Garberding,
EnLink President and CEO. "EnLink only operates a small number of
interstate, FERC-regulated pipelines, and rates currently charged
on those pipelines are not expected to be impacted."
About the EnLink Midstream Companies
EnLink provides
integrated midstream services across natural gas, crude oil,
condensate, and NGL commodities. EnLink operates in several
top U.S. basins and is strategically focused on the core growth
areas of the Permian's Midland and Delaware basins, Oklahoma's Midcontinent, and Louisiana's Gulf Coast. Headquartered in
Dallas, EnLink is publicly traded
through EnLink Midstream, LLC (NYSE: ENLC), the General Partner,
and EnLink Midstream Partners, LP (NYSE: ENLK), the Master Limited
Partnership. Visit www.EnLink.com for more information on how
EnLink connects energy to life.
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 Partnership and the General Partner based
upon management's experience and perception of current facts,
historical trends, current conditions, expected future
developments, and other factors that the Partnership and the
General Partner believe are appropriate in the circumstances. These
statements include, but are not limited to, statements with respect
to the FERC Policy's impact on expected financial results and the
FERC Policy's expected impact on the Partnership's operations. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the
Partnership and the General Partner, which may cause the
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 Partnership's and the General Partner's filings
with the Securities and Exchange Commission. The 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.
Investor Relations: Kate
Walsh, Vice President of Investor Relations, 214-721-9696,
kate.walsh@enlink.com
Media Relations: Jill
McMillan, Vice President of Public & Industry Affairs,
214-721-9271, jill.mcmillan@enlink.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/enlink-midstream-expects-no-impact-to-financial-results-related-to-revised-ferc-policy-300616309.html
SOURCE EnLink Midstream