Enable Midstream Partners increases quarterly distribution

Enable Midstream Partners’ owns, operates and develops natural gas and crude oil infrastructure assets. On 22 July 2015, the partners’ Board of Directors of its general partner declared a quarterly cash distribution of US$0.316 per unit on all outstanding common and subordinated units for the quarter ended 30 June 2015.

This price represents an increase of approximately 1% over the prior quarter’s distribution, the fourth consecutive quarterly distribution increase since the company paid its first quarterly distribution for 2Q14. Moreover, it is an increase of approximately 10% over the partnership’s minimum quarterly distribution of US$0.2875 per unit.

Enable Midstream has also announced that is reaffirming its 2015 distribution guidance of 3% to 7% growth, as measured from the partnership’s 4Q14 distribution to the projected 4Q15 distribution.

Edited from source by Elizabeth Corner

Read the article online at: https://www.worldpipelines.com/business-news/24072015/enable-midstream-partners-increases-quarterly-distribution/