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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): August 1, 2017
ENLINK MIDSTREAM, LLC
(Exact name of registrant as specified in its charter)
DELAWARE |
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001-36336 |
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46-4108528 |
(State or Other Jurisdiction of |
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(Commission File |
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(I.R.S. Employer Identification No.) |
1722 ROUTH STREET, SUITE 1300 |
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75201 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code: (214) 953-9500
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02. Results of Operations and Financial Condition.
On August 1, 2017, EnLink Midstream, LLC (the Registrant) issued a press release reporting its financial results for the quarter ended June 30, 2017. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and will be published on the Registrants website at www.enlink.com. In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 2.02 and in the attached exhibit are deemed to be furnished and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act).
Item 7.01. Regulation FD Disclosure.
On August 1, 2017, the Registrant published an Operations Report, which will be available on the Registrants website, www.enlink.com, under Investors ENLC Events & Presentations Presentations. In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01 shall be deemed to be furnished and shall not be deemed to be filed for purposes of Section 18 of the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
In accordance with General Instruction B.2 of Form 8-K, the information set forth in the attached exhibit is deemed to be furnished and shall not be deemed to be filed for purposes of Section 18 of the Exchange Act.
EXHIBIT |
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DESCRIPTION |
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99.1 |
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Press Release dated August 1, 2017 (incorporated by reference to Exhibit 99.1 to EnLink Midstream Partners, LPs Current Report on Form 8-K dated August 1, 2017, filed with the Securities and Exchange Commission on August 1, 2017). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ENLINK MIDSTREAM, LLC | ||
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By: |
EnLink Midstream Manager, LLC, | |
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its Managing Member | |
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Date: August 1, 2017 |
By: |
/s/ Michael J. Garberding | |
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Michael J. Garberding | |
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President and | |
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Chief Financial Officer | |
INDEX TO EXHIBITS
EXHIBIT |
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DESCRIPTION |
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99.1 |
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Press Release dated August 1, 2017 (incorporated by reference to Exhibit 99.1 to EnLink Midstream Partners, LPs Current Report on Form 8-K dated August 1, 2017, filed with the Securities and Exchange Commission on August 1, 2017). |
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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Enlink Midstream, Llc.
Enlink Midstream, Llc's Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:
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Gross operating margin in the Crude and Condensate segment decreased $11.6 million, which was primarily due to a $6.4 million decrease from our ORV assets as a result of volume and transportation rate decreases and a $5.7 million decrease as a result of volume declines at our Midland Basin trucking business.
Gross operating margin in the Louisiana segment increased $13.8 million primarily due to a $4.3 million increase in our NGL transmission and fractionation assets due to additional NGL volumes received from our Oklahoma and Permian assets, $4.0 million in our Louisiana gathering and transmission assets and $2.5 million due to the start-up of our Ascension JV assets during 2017.
Gross operating margin in the Crude and Condensate segment decreased $5.9 million, which was primarily due to a $5.6 million decrease as a result of volume and transportation rate decreases at our ORV assets and a $1.7 million decrease from volume declines in the Permian Basin trucking business.
Gross operating margin in the Texas segment increased $1.5 million, which was primarily due to an $11.6 million increase from our Permian basin processing assets as a result of higher volumes.
Gross operating margin in the Oklahoma segment increased $32.3 million, which was primarily due to a $37.5 million increase from our central Oklahoma assets as a result of higher volumes.
Gross operating margin in the...Read more
Gross operating margin in the...Read more
We expect to fund the...Read more
Growth capital expenditures generally include...Read more
Narrower basis spreads in recent...Read more
Under margin contract arrangements our...Read more
Such statements reflect our current...Read more
Impairment expense was $7.0 million...Read more
Gross operating margin was $650.8...Read more
Gross operating margin was $331.2...Read more
Gross operating margin in the...Read more
Operating expenses in the Oklahoma...Read more
We funded this installment payment...Read more
Gross operating margin results under...Read more
Gross operating margin results under...Read more
In January 2016, ENLK issued...Read more
Net proceeds of approximately $495.2...Read more
Net proceeds of approximately $495.2...Read more
The increase in income tax...Read more
The increase in income tax...Read more
Gross operating margin in the...Read more
Gross operating margin in the...Read more
If the carrying value of...Read more
We primarily focus on providing...Read more
assets $2.8 million was attributable...Read more
Depreciation and amortization expenses were...Read more
Depreciation and amortization expenses were...Read more
ASU 2017-04 is effective for...Read more
Operating expenses in the Texas...Read more
Operating cash flows before changes...Read more
The fees we earn on...Read more
Examples of growth capital expenditures...Read more
However, over time, the supplies...Read more
This registration statement was declared...Read more
Greater Chickadee includes over 185...Read more
Our gathering and transportation fee...Read more
Includes projected growth capital contributions...Read more
We realize gross operating margins...Read more
Gain on disposition of assets...Read more
Approximately 95% of our gross...Read more
For the six months ended...Read more
However, given the same borrowing...Read more
We record revenue under agreements...Read more
Includes growth capital expenditures that...Read more
General and administrative expenses were...Read more
General and administrative expenses were...Read more
Unit-based compensation expense increased $9.1...Read more
Operating expenses were $206.7 million...Read more
Operating expenses were $102.6 million...Read more
This increase was primarily due...Read more
Income tax expense was $3.2...Read more
Income tax expense was $6.2...Read more
We expect to fund payment...Read more
interest in EnLink Oklahoma T.O,...Read more
Payment of installment payable for...Read more
Gain on Litigation Settlement....Read more
We recognized a gain on...Read more
Gain on Litigation Settlement....Read more
We recognized a gain on...Read more
Gross operating margin is a...Read more
Our gross operating margin may...Read more
These increases were partially offset...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Enlink Midstream, Llc provided additional information to their SEC Filing as exhibits
Ticker: ENLC
CIK: 1592000
Form Type: 10-Q Quarterly Report
Accession Number: 0001592000-17-000011
Submitted to the SEC: Wed Aug 02 2017 8:29:53 AM EST
Accepted by the SEC: Wed Aug 02 2017
Period: Friday, June 30, 2017
Industry: Natural Gas Transmission