DALLAS, July 18, 2019 /PRNewswire/ -- EnLink Midstream,
LLC (NYSE: ENLC) (EnLink) today announced a quarterly declared
distribution for the second quarter of 2019.
The ENLC Board of Directors declared a cash distribution
of $0.283 per common unit for the second quarter of 2019,
reflecting approximately 1.4% growth over the declared distribution
for the first quarter of 2019. The cash distribution for the second
quarter of 2019 will be paid on August 13,
2019, to unitholders of record on July 29, 2019.
About EnLink Midstream
EnLink Midstream reliably
operates a differentiated midstream platform that is built for
long-term, sustainable value creation. EnLink's best-in-class
services span the midstream value chain, providing natural gas,
crude oil, condensate, and NGL capabilities. Our purposely built,
integrated asset platforms are in premier production basins and
core demand centers, including the Permian Basin, Oklahoma, North
Texas, and the Gulf Coast. EnLink's strong financial
foundation and commitment to execution excellence drive competitive
returns and value for our employees, customers, and investors.
Headquartered in Dallas, EnLink is
publicly traded through EnLink Midstream, LLC (NYSE: ENLC). Visit
www.EnLink.com to learn how EnLink connects energy to
life.
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
from 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, statements
regarding the accretive nature of growth projects, maintaining key
financial metrics within target ranges, and returning value to
stakeholders, projected or forecasted financial and operating
results, strategies, 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, and cash flows
include, without limitation, (a) potential conflicts of interest of
Global Infrastructure Partners ("GIP") with us and the potential
for GIP to favor GIP's own interests to the detriment of the
unitholders, (b) GIP's ability to compete with us and the fact that
it is not required to offer us the opportunity to acquire
additional assets or businesses, (c) a default under GIP's
credit facility could result in a change in control of us, could
adversely affect the price of our common units, and could result in
a default under our credit facility, (d) the dependence on
Devon for a substantial portion of the natural gas and
crude that we gather, process, and transport, (e) developments
that materially and adversely affect Devon or other customers, (f)
adverse developments in the midstream business that
could reduce our ability to make distributions, (g) the
competition for crude oil, condensate, natural gas, and NGL
supplies and any decrease in the availability of such commodities,
(h) decreases in the volumes that we gather, process, fractionate,
or transport, (i) construction risks in our major development
projects, (j) our ability to receive or renew required permits and
other approvals, (k) changes in the availability and cost of
capital, including as a result of a change in our credit rating,
(l) operating hazards, natural disasters, weather-related issues or
delays, casualty losses, and other matters beyond our control, (m)
impairments to goodwill, long-lived assets and equity method
investments, and (n) 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