DALLAS, Oct. 15, 2019 /PRNewswire/ -- EnLink Midstream,
LLC (NYSE: ENLC) (EnLink) today announced a quarterly declared
distribution for the third quarter of 2019.
The ENLC Board of Directors declared a cash distribution of
$0.283 per common unit for the third
quarter of 2019, which is unchanged from the declared distribution
paid in the second quarter of 2019. The cash distribution for the
third quarter of 2019 will be paid on November 13, 2019, to unitholders of record on
October 28, 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
and objectives, strategies, expectations and 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