DALLAS, July 18, 2018 /PRNewswire/ -- The EnLink
Midstream companies, EnLink Midstream, LLC (NYSE: ENLC)
(the General Partner) and EnLink Midstream Partners, LP
(NYSE: ENLK) (the Master Limited Partnership), today announced
their respective quarterly declared distributions for the second
quarter of 2018.
The ENLC Board of Directors declared a cash distribution
of $0.267 per common unit for the second quarter of 2018,
reflecting approximately 1.5 percent growth over the declared
distribution for the first quarter of 2018. Additionally,
management continues to expect to recommend to the Board a
distribution growth rate for ENLC of approximately 5 percent in
declared distributions for full-year 2018 over full-year 2017. The
cash distribution for the second-quarter 2018 will be paid
on August 14, 2018, to unitholders of record on July 30, 2018.
The ENLK Board of Directors declared a cash distribution
of $0.39 per common unit for the second quarter of 2018.
This cash distribution will be paid on August 13, 2018, to
unitholders of record on July 30, 2018.
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 EnLink.com for more information on how EnLink
connects energy to life.
Qualified Notice to Nominees
This information is
intended to be a qualified notice to nominees as provided for under
Treasury Regulation Section 1.1446-4(b)(4) and (d). Under the rules
applicable to publicly traded partnerships, 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.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws. Although these statements
reflect the current views, assumptions, and expectations of our
management, the matters addressed herein involve certain
assumptions, risks, and uncertainties that could cause actual
activities, performance, outcomes, and results to differ materially
than those indicated herein. Therefore, you should not rely on any
of these forward-looking statements. All statements, other than
statements of historical fact, included in this press release
constitute forward-looking statements, including but not limited to
statements identified by the words "forecast," "may," "believe,"
"will," "should," "plan," "predict," "anticipate," "intend,"
"estimate," and "expect" and similar expressions. Such
forward-looking statements include, but are not limited to,
statements about the amount, timing, and payment of distributions,
guidance information regarding distributions, projected or
forecasted financial and operating results, objectives,
expectations, intentions, and other statements that are not
historical facts. Factors that could result in such differences or
otherwise materially affect our financial condition, results of
operations, or cash flows include, without limitation, (a) the
dependence on Devon for a substantial portion of the natural gas
that we gather, process, and transport, (b) developments that
materially and adversely affect Devon or other customers, (c)
Devon's ability to compete with us, (d) adverse developments in the
midstream business may reduce our ability to make distributions,
(e) our vulnerability to having a significant portion of our
operations concentrated in the Barnett Shale, (f) continually
competing for crude oil, condensate, natural gas, and NGL supplies
and any decrease in the availability of such commodities, (g)
decreases in the volumes that we gather, process, fractionate, or
transport, (h) construction risks in our major development
projects, (i) our ability to receive or renew required permits and
other approvals, (j) changes in the availability and cost of
capital, including as a result of a change in our credit rating,
(k) operating hazards, natural disasters, weather-related issues or
delays, casualty losses, and other matters beyond our control, (l)
impairments to goodwill, long-lived assets and equity method
investments, and (m) the effects of existing and future laws and
governmental regulations, including environmental and climate
change requirements and other uncertainties. These and other
applicable uncertainties, factors, and risks are described more
fully in EnLink Midstream Partners, LP's and EnLink Midstream,
LLC's filings (collectively, "EnLink Midstream") with the
Securities and Exchange Commission, including EnLink Midstream
Partners, LP's and EnLink Midstream, LLC's Annual Reports on
Form 10-K, Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K. Neither EnLink Midstream Partners, LP nor
EnLink Midstream, LLC assumes any obligation to update any
forward-looking statements.
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
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SOURCE EnLink Midstream