Last10K.com

Enlink Midstream Partners, Lp (ENLK) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2018

Enlink Midstream Partners, Lp

CIK: 1179060 Ticker: ENLK

Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

July 31, 2018

 

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

 

EnLink Midstream Reports Second Quarter 2018 Results and Increases 2018 Guidance

 

DALLAS, July 31, 2018 — The EnLink Midstream companies (EnLink), EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership or ENLK) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner or ENLC), reported financial results for the second quarter of 2018 and increased certain full-year 2018 guidance measures.

 

Highlights

 

·                  ENLK reported net income attributable to ENLK after non-controlling interest of approximately $99 million for the second quarter of 2018, compared to approximately $30 million for the second quarter of 2017, representing approximately 230 percent growth.

 

·                  ENLK achieved approximately $257 million of adjusted EBITDA net to ENLK for the second quarter of 2018, compared to approximately $210 million for the second quarter of 2017, representing approximately 23 percent growth. Adjusted EBITDA is a non-GAAP measure and is explained in greater detail under “Non-GAAP Financial Information.”

 

·                  ENLC reported net income attributable to ENLC after non-controlling interest of approximately $28 million for the second quarter of 2018, compared to approximately $6 million for the second quarter of 2017, representing approximately 367 percent growth.

 

·                  ENLC achieved approximately $58 million of cash available for distribution for the second quarter of 2018, compared to approximately $53 million for the second quarter of 2017, representing approximately 10 percent growth. Cash available for distribution is a non-GAAP measure and is explained in greater detail under “Non-GAAP Financial Information.”

 

·                  EnLink’s strong financial and operational results for the first half of 2018 were primarily driven by continued growth across EnLink’s Central Oklahoma footprint. Average gas gathering and transportation volumes in Oklahoma increased by approximately 18 percent from the first quarter of 2018 and 61 percent from the second quarter of 2017. Average processing volumes increased approximately 12 percent from the first quarter of 2018 and 64 percent from the second quarter of 2017.

 

1


The following information was filed by Enlink Midstream Partners, Lp (ENLK) on Tuesday, July 31, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Enlink Midstream Partners, Lp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

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 Partners, Lp.

Continue

Assess how Enlink Midstream Partners, Lp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Enlink Midstream Partners, Lp's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Rating

Learn More
Bullish Bearish Neutral
Filter by Sentiment:
All
Positive
Negative
Filter by Category:
All
Financial
Revenue
M & A
Legal
Other
Filter by Subcategory:
All
Earnings
Product
Cash Flow
Expense
Shares / Equity
Income
Other
Inside Enlink Midstream Partners, Lp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Changes In Partners' Equity
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (Parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Operations (Parenthetical)
Derivatives
Derivatives (Tables)
Derivatives - Assets And Liabilities (Details)
Derivatives - Commodities (Details)
Derivatives - Components Of Gain (Loss) (Details)
Derivatives - Interest Rate Swaps (Details)
Employee Incentive Plans
Employee Incentive Plans (Tables)
Employee Incentive Plans - Amounts Recognized In Consolidated Financial Statements (Details)
Employee Incentive Plans - Restricted And Performance Awards (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Financial Instruments (Details)
Fair Value Measurements - Measured On A Recurring Basis (Details)
General
General (Details)
Intangible Assets
Intangible Assets (Tables)
Intangible Assets - Amortization Expense (Details)
Intangible Assets - Changes In Carrying Value (Details)
Intangible Assets - Narrative (Details)
Investment In Unconsolidated Affiliates
Investment In Unconsolidated Affiliates (Details)
Investment In Unconsolidated Affiliates (Tables)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - Narrative (Details)
Long-Term Debt - Summary (Details)
Other Information
Other Information (Details)
Other Information (Tables)
Partners' Capital
Partners' Capital (Tables)
Partners' Capital - Computation Of Basic And Diluted Earnings Per Limited Partner Units (Details)
Partners' Capital - Narrative And Distribution Activity (Details)
Partners' Capital - Net Income Allocated To The General Partner (Details)
Partners' Capital - Unit Amounts Used To Compute Earnings Per Limited Partner Unit (Details)
Related Party Transactions
Related Party Transactions (Details)
Segment Information
Segment Information (Tables)
Segment Information - Financial Information And Assets (Details)
Segment Information - Reconciliation (Details)
Significant Accounting Policies
Significant Accounting Policies (Policies)
Significant Accounting Policies (Tables)
Significant Accounting Policies - Narrative (Details)
Significant Accounting Policies - Summary Of Changes In Revenue (Details)
Significant Accounting Policies - Summary Of Expected Future Performance Obligations (Details)
Subsequent Event
Subsequent Event (Details)

Material Contracts, Statements, Certifications & more

Enlink Midstream Partners, Lp provided additional information to their SEC Filing as exhibits

Ticker: ENLK
CIK: 1179060
Form Type: 10-Q Quarterly Report
Accession Number: 0001179060-18-000009
Submitted to the SEC: Wed Aug 01 2018 10:25:56 AM EST
Accepted by the SEC: Wed Aug 01 2018
Period: Saturday, June 30, 2018
Industry: Natural Gas Transmission

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/enlk/0001179060-18-000009.htm