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August 27, 2015 11:13 PM ET

Oil, Gas and Consumable Fuels

Company Overview of EnLink Midstream Partners, LP

Company Overview

Enlink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. The company provides gathering, transmission, processing, fractionation, brine, and marketing services to producers of natural gas, natural gas liquids (NGL), crude oil, and condensate. It connects the wells of natural gas producers to its gathering systems; processes natural gas for the removal of NGLs; fractionates NGLs into purity products; markets the purity products; and transports natural gas to various markets. The company also purchases natural gas from natural gas producers and other supply sources, and sells that natural gas to utilities, industrial consumers, ...

2501 Cedar Springs Road

Suite 100

Dallas, TX 75201

United States

Founded in 1992

1,148 Employees

Phone:

214-953-9500

Fax:

214-953-9501

Key Executives for EnLink Midstream Partners, LP

Chief Executive Officer of Enlink Midstream GP LLC, President of Enlink Midstream GP LLC and Director of Enlink Midstream GP LLC
Age: 53
Total Annual Compensation: $1.4M
Chief Financial Officer of Enlink Midstream GP LLC and Executive Vice President of Enlink Midstream GP LLC
Age: 46
Total Annual Compensation: $891.9K
Executive Vice President of Enlink Midstream GP LLC and President of Natural Gas Liquids & Crude - Enlink Midstream GP LLC
Age: 52
Total Annual Compensation: $675.6K
Executive Vice President of Enlink Midstream GP LLC and President of Gas Gathering, Processing & Transmission - Enlink Midstream GP LLC
Age: 52
Total Annual Compensation: $654.3K
Senior Vice President of Engineering & Operations - Enlink Midstream GP LLC
Age: 51
Total Annual Compensation: $488.3K
Compensation as of Fiscal Year 2014.

EnLink Midstream Partners, LP Key Developments

EnLink Midstream Partners, LP Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for 2015

EnLink Midstream Partners, LP announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced total revenues of $1,274.5 million compared to $927.2 million for the same period a year ago. Operating income was $72.5 million compared to $91.1 million for the same period a year ago. Income from continuing operations before non-controlling interest and income taxes was $56.1 million compared to $83.1 million for the same period a year ago. Net income attributable to the company was $55.5 million compared to $81.8 million for the same period a year ago. Basic and diluted earnings per share were $0.12 compared to $0.17 a year ago. Adjusted EBITDA, net to EnLink Midstream Partners, LP was $174.9 million compared to $113.2 million a year ago. Net cash provided by operating activities was $120.6 million compared to $99.6 million a year ago. Maintenance capital expenditures were $13.5 million compared to $4.3 million a year ago. For the six months, the company announced total revenues of $2,215.0 million compared to $1,650.3 million for the same period a year ago. Operating income was $124 million compared to $164.6 million for the same period a year ago. Income from continuing operations before non-controlling interest and income taxes was $93 million compared to $155.3 million for the same period a year ago. Net income attributable to the company was $91.1 million compared to $135.4 million for the same period a year ago. Basic and diluted earnings per share were $0.16 compared to $0.20 a year ago. Adjusted EBITDA, net to EnLink Midstream Partners, LP was $304.8 million compared to $144.1 million a year ago. Net cash provided by operating activities was $292.3 million compared to $221.4 million a year ago. Maintenance capital expenditures were $22.3 million compared to $5.8 million a year ago. For the quarter, the company’s total gathering and transportation volume at Texas was 2,727,800 MMBtu/d compared to 2,994,400 MMBtu/d a year ago. Total gathering and transportation volume at Louisiana was 1,383,300 MMBtu/d compared to 429,600 MMBtu/d a year ago. Total gathering and transportation volume at Oklahoma was 413,000 MMBtu/d compared to 512,500 MMBtu/d a year ago. Crude Oil Handling was 141,000 Bbls/d compared to 16,300 Bbls/d a year ago. Brine Disposal was 3,700 Bbls/d compared to 5,200 Bbls/d a year ago. NGLs Fractionation was 5,862,800 Gal/d compared to 3,360,400 Gals/d a year ago. For the six months, the company’s total gathering and transportation volume at Texas was 2,739,300 MMBtu/d compared to 2,977,200 MMBtu/d a year ago. Total gathering and transportation volume at Louisiana was 1,369,400 MMBtu/d compared to 426,900 MMBtu/d a year ago. Total gathering and transportation volume at Oklahoma was 422,400 MMBtu/d compared to 461,900 MMBtu/d a year ago. Crude Oil Handling was 122,400 Bbls/d compared to 16,000 Bbls/d a year ago. Brine Disposal was 3,700 Bbls/d compared to 5,300 Bbls/d a year ago. NGLs Fractionation was 5,748,200 Gal/d compared to 3,355,100 Gals/d a year ago. For 2015, the company provided consolidated adjusted EBITDA guidance of approximately $740 million and the potential headwinds could represent approximately 2% to 3% of original guidance for the year.

EnLink Midstream Partners, LP Presents at 2015 Citigroup One-on-One MLP/Midstream Infrastructure Conference, Aug-19-2015

EnLink Midstream Partners, LP Presents at 2015 Citigroup One-on-One MLP/Midstream Infrastructure Conference, Aug-19-2015 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States. Speakers: Barry E. Davis, Chief Executive Officer of Enlink Midstream GP LLC, President of Enlink Midstream GP LLC and Director of Enlink Midstream GP LLC, Michael J. Garberding, Chief Financial Officer of Enlink Midstream GP LLC and Executive Vice President of Enlink Midstream GP LLC.

EnLink Midstream Partners, LP to Report Q2, 2015 Results on Aug 05, 2015

EnLink Midstream Partners, LP announced that they will report Q2, 2015 results at 9:00 AM, Central Daylight on Aug 05, 2015

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 27, 2015
EnLink Midstream Holdings, LP
Merger/Acquisition
March 23, 2015
Express Pipeline, L.L.C. And Cuero Facilities
Merger/Acquisition
February 17, 2015
EnLink Midstream Holdings, LP
 

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