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Enable Midstream Partners LP (ENBL) Company Profile

Updated Dec 2, 2019
Enable Midstream Partners LP has the following business profile:
Company's Full Name:Enable Midstream Partners, LP
Short Name:Enable Midstream Partners LP
Trading Ticker Symbol:ENBL
Primary Exchange:NYSE
Headquarter City/Country:Oklahoma City, OK, United States
Primary Industry Sector:Public Utilities
Seconday Sub-sector:Natural Gas Distribution
Main Business Areas: Public Utilities, Natural Gas Distribution, Energy, Oil & Gas Midstream
Dividend Payments:Dividend History

Market and Trading Information for Enable Midstream Partners LP

The following details were available for trading and market data about the stock of Enable Midstream Partners LP as of writing:
Current Share Price:$9.01
Previous Year's Closing Price:$13.53
Percentage Price Change (YTD):-33.41%
Market Cap:$3.92 billion
52-week Price Range:$8.87 - $16.49
Dividend Per Share:$1.28
EPS (TTM):1.18
Price-Earnings (Trailing):7.6
Price-Earnings (Forward):9.1

Company Profile and Business Description for Enable Midstream Partners LP

Enable Midstream Partners LP, incorporated on October 12, 1993, owns, operates and develops midstream energy infrastructure assets strategically located to serve its customers. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. Its gathering and processing segment primarily provides natural gas and crude oil gathering and natural gas processing services to its producer customers. Its transportation and storage segment provides interstate and intrastate natural gas pipeline transportation and storage services primarily to its producer, power plant, Local distribution company (LDC) and industrial end user customers.

Gathering and Processing

As of December 31, 2016, the Company owned and operated natural gas and crude oil gathering and natural gas processing assets in five states. The Company's gathering and processing operations consist primarily of natural gas gathering and processing assets serving the Anadarko, Arkoma and Ark-La-Tex Basins and crude oil gathering assets serving the Williston Basin. It provides a variety of services to the active producers in its operating areas, including gathering, compressing, treating, and processing natural gas, fractionating Natural gas liquids (NGLs), and gathering crude oil and produced water. It serves shale and other unconventional plays in the basins in which it operates, including Anadarko Basin (Oklahoma, Texas Panhandle), Arkoma Basin (Oklahoma, Arkansas), Ark-La-Tex Basin (Arkansas, Louisiana and Texas) and Williston Basin (North Dakota). It has natural gas gathering and processing operations in those portions of the Anadarko Basin located in Oklahoma and the Texas Panhandle where, as of December 31, 2016, it served over 200 producers. Its operations include gathering and processing natural gas produced from the Granite Wash, Cleveland, Marmaton, Tonkawa, Cana Woodford, SCOOP, STACK and Mississippi Lime plays. In the Arkoma Basin, its operations primarily serve the Woodford Shale play located in Oklahoma and the Fayetteville Shale play located in Arkansas. Its Arkoma Basin gathering and processing operations serve both liquids-rich and lean gas production. As of December 31, 2016, it served more than 70 producers in the Arkoma Basin.

The Company's gathering and processing operations in the Ark-La-Tex Basin are located in Arkansas, Louisiana and Texas. Its Ark-La-Tex gathering and processing operations primarily serve the Haynesville, Cotton Valley and the lower Bossier plays. As of December 31, 2016, it served over 110 producers in the Ark-La-Tex Basin where its gathering and processing operations provide service for both liquids-rich and lean gas production. In the Williston Basin, it has operations in the Bakken Shale that are located in North Dakota. The focus of its operations in the Bakken Shale is the gathering of crude oil and produced water for XTO Energy Inc. (XTO), an affiliate of ExxonMobil Corporation, with pipeline gathering systems in Dunn, McKenzie, Williams and Mountrail Counties of North Dakota. Its gathering assets included more than 12,600 miles of natural gas gathering pipelines as of December 31, 2016. Its natural gas processing assets included 14 natural gas processing plants with 2,450 Million cubic feet per day (MMcf/d) of inlet capacity as of December 31, 2016.

Transportation and storage

As of December 31, 2016, the Company owned and operated interstate and intrastate transportation and storage systems across nine states. Its transportation and storage systems consist primarily of its interstate systems, Enable Gas Transmission, LLC (EGT) and Enable Mississippi River Transmission, LLC (MRT), its intrastate system, Enable Oklahoma Intrastate Transmission, LLC (EOIT), and its investment in Southeast Supply Header, LLC (SESH). Its transportation and storage assets transport natural gas from areas of production and interconnected pipelines to power plants, LDCs and industrial end users, as well as interconnected pipelines for delivery to additional markets. Its transportation and storage assets also provide facilities where natural gas can be stored by customers. In addition, its transportation and storage assets serve natural gas producers, industrial end users and natural gas marketers. As of December 31, 2016, its transportation assets included approximately 10,000 miles of transportation pipelines in Texas, Oklahoma, Arkansas, Louisiana, Kansas and Missouri, providing access to natural gas supplies from the Anadarko, Arkoma and Ark-La-Tex Basins to natural gas consuming markets in the Southeastern, Northeastern and Midwestern United States. Its storage assets, as of December 31, 2016, provided a combined capacity of 85 Billion cubic feet (Bcf) with two billion cubic feet per day (Bcf/d) of aggregate maximum withdrawal capacity from its seven storage facilities in Oklahoma, Louisiana and Illinois and from its undivided 0.083 interest in the Bistineau Storage Facility in Louisiana. As of December 31, 2016, Gulf South owned an undivided 0.75 interest in, and operated, the Bistineau Storage Facility.

EGT provides natural gas transportation and storage services primarily to customers in Oklahoma, Texas, Arkansas, Louisiana, Missouri and Kansas. As of December 31, 2016, in addition to 5,900 miles of interstate pipelines with capacity of 6.5 Bcf/d, EGT had two underground natural gas storage facilities in Oklahoma and one underground natural gas storage facility in Louisiana, which operated at a combined capacity of 29.5 Bcf with 739 MMcf/d of aggregate maximum withdrawal capacity. MRT provides natural gas transportation and storage services principally in Texas, Arkansas, Louisiana, Missouri and Illinois. As of December 31, 2016, in addition to 1,600-miles of interstate pipelines with capacity of 1.7 Bcf/d, MRT had one underground natural gas storage facility in Louisiana and one underground natural gas storage facility in Illinois, which operated at a combined capacity of 31.5 Bcf with 620 MMcf/d of aggregate maximum withdrawal capacity.

The Company's intrastate transportation and storage assets consist primarily of EOIT. EOIT provides transportation and storage services in Oklahoma. Its EOIT system delivers natural gas from the Arkoma and Anadarko Basins, including growth areas in the Cana Woodford, Granite Wash, Cleveland, Tonkawa, SCOOP, STACK and Mississippi Lime Shale plays in western Oklahoma and the Texas Panhandle, to utilities and industrial end users connected to EOIT and to interstate and intrastate pipelines interconnected with EOIT. SESH is an interstate pipeline that provides transportation services in Louisiana, Mississippi and Alabama. As of December 31, 2016, SESH had 1.09 Bcf/d of transportation capacity from Perryville, Louisiana to its endpoint in Mobile County, Alabama.

211 N Robinson Ave Ste 150

Peer / Competitor Companies of Natural Gas Distribution Sector

Along with Enable Midstream Partners, LP, the following other peer (competitor) companies also exist within the same Natural Gas Distribution - Public Utilities sector whose company profile and dividend history is as follows:

▶ American Midstream Partners LP (AMID): American Midstream Partners, LP, incorporated on August 20, 2009, owns, operates, develops and acquires a portfolio of midstream energy assets. The Company provides midstream infrastructure that links producers of natural ....See Detailed Company Profile  and Dividend History.

▶ Antero Midstream Partners LP (AM): Antero Midstream Partners LP, incorporated on September 23, 2013, is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service ....See Detailed Company Profile  and Dividend History.

▶ Archrock (AROC): Archrock, Inc. operates as a midstream energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. The company provides natural gas c....See Detailed Company Profile  and Dividend History.

▶ Archrock Partners (APLP): Archrock Partners, L.P., incorporated on June 14, 2006, is engaged in natural gas compression industry in the United States. The Companys contract operations services include designing, sourcing, owning, installing, operating, ....See Detailed Company Profile  and Dividend History.

▶ Blueknight Energy Partners (BKEP): Blueknight Energy Partners, L.P., incorporated on February 22, 2007, is a master limited partnership company. The Company provides integrated terminaling, storage, gathering and transportation services for companies engaged in the ....See Detailed Company Profile  and Dividend History.

▶ Blueknight Energy Partners (BKEPP): Blueknight Energy Partners, L.P., incorporated on February 22, 2007, is a master limited partnership company. The Company provides integrated terminaling, storage, gathering and transportation services for companies engaged in the ....See Detailed Company Profile  and Dividend History.

▶ Boardwalk Pipeline Partners (BWP): Boardwalk Pipeline Partners, LP, incorporated on August 4, 2005, is a limited partnership company. The Companys business includes integrated natural gas and natural gas liquids, and other hydrocarbons (referred to ....See Detailed Company Profile  and Dividend History.

▶ Buckeye Partners (BPL): Buckeye Partners, L.P. (Buckeye), incorporated on July 11, 1986, owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing ....See Detailed Company Profile  and Dividend History.

▶ Clean Energy Fuels (CLNE): Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG),....See Detailed Company Profile  and Dividend History.

▶ Columbia Pipeline Partners LP (CPPL): Modern Motors House, Beaumont Ro....See Detailed Company Profile  and Dividend History.

▶ Cone Midstream Partners LP (CNNX): CONE Midstream Partners LP, incorporated on May 30, 2014, is a master limited partnership formed by CONSOL Energy Inc. (CONSOL) and Noble Energy, Inc. (Noble Energy). The Company owns, operates, ....See Detailed Company Profile  and Dividend History.

▶ DCP Midstream (DCP): DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates in two segments, Gathering and Process....See Detailed Company Profile  and Dividend History.

▶ DCP Midstream Partners LP (DPM): 2-6-8, Dosho-machi, Chuo-ku....See Detailed Company Profile  and Dividend History.

▶ Delek Logistics Partners (DKL): Delek Logistics Partners, LP, incorporated on April 24, 2012, owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Companys business primarily consists of ....See Detailed Company Profile  and Dividend History.

▶ Dominion Midstream Partners LP (DM): Dominion Midstream Partners, LP, incorporated on March 11, 2014, is a limited partnership. The Company is formed to grow a portfolio of natural gas terminaling, processing, storage, transportation and related ....See Detailed Company Profile  and Dividend History.

▶ El Paso (EP^C): ....See

▶ Enbridge (ENB): Enbridge Inc., incorporated on December 15, 1987, is an energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, ....See Detailed Company Profile  and Dividend History.

▶ Enbridge Energy (EEP): Enbridge Energy Partners, L.P, incorporated on October 16, 1991, is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering; transportation and storage services, and natural ....See Detailed Company Profile  and Dividend History.

▶ Energy Transfer Equity (ETE): Energy Transfer Equity, L.P. (ETE), incorporated on August 23, 2005, owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The ....See Detailed Company Profile  and Dividend History.

▶ Energy Transfer Partners (ETP): Sunoco Logistics Partners L.P., incorporated on October 15, 2001, owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products ....See Detailed Company Profile  and Dividend History.

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