EnLink Midstream Increases Quarterly Distributions
21 January 2015 - 12:00AM
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 fourth quarter of
2014:
- The quarterly distribution on the
Master Limited Partnership’s common units will be $0.375 per common
unit, which is a half cent increase from the distributions declared
for the third quarter of 2014. The distributions are payable on
February 12 to unitholders of record on February 2.
- The quarterly distribution on the
General Partner’s common units will be $0.235 per common unit,
which is a half cent increase from the distributions declared for
the third quarter of 2014. The distributions are payable on
February 13 to unitholders of record on February 2.
About EnLink Midstream Companies
EnLink Midstream is a leading midstream provider formed through
the combination of Crosstex Energy and substantially all of the
U.S. midstream assets of Devon Energy. 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 approximately 8,800 miles of gathering and transportation
pipelines, 13 processing plants with 3.4 billion cubic feet per day
of net processing capacity, seven fractionators with 252,000
barrels per day of net fractionation capacity, as well as barge and
rail terminals, product storage facilities, 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 release serves as qualified notice to nominees as provided
for under Treasury Regulation Section 1.1446-4(b)(4) and (d).
Please note that 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 for individuals or corporations,
as applicable. Nominees, and not the Master Limited Partnership,
are treated as withholding agents responsible for withholding
distributions received by them on behalf of foreign investors.
EnLink MidstreamJill McMillan,
214-721-9271Director, Communications and Investor
RelationsJill.McMillan@enlink.com
EnLink Midstream Partners, LP (NYSE:ENLK)
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