ENBL - Enable Midstream Partners, LP

NYSE - NYSE Delayed Price. Currency in USD
4.2300
+0.3400 (+8.74%)
At close: 4:00PM EDT

4.2300 0.00 (0.00%)
After hours: 5:32PM EDT

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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close3.8900
Open4.0600
Bid4.2200 x 800
Ask4.2300 x 800
Day's Range3.9500 - 4.2600
52 Week Range1.6100 - 14.4800
Volume2,518,077
Avg. Volume3,214,287
Market Cap1.842B
Beta (5Y Monthly)2.64
PE Ratio (TTM)5.61
EPS (TTM)0.7540
Earnings DateAug 04, 2020 - Aug 10, 2020
Forward Dividend & Yield0.66 (16.99%)
Ex-Dividend DateMay 18, 2020
1y Target Est6.33
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  • Enable Midstream to Participate in Upcoming Conferences
    Business Wire

    Enable Midstream to Participate in Upcoming Conferences

    Enable Midstream Partners, LP (NYSE: ENBL) announced today that members of its senior management are scheduled to meet with investors at the following upcoming virtual investor conferences:

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  • Is Enable Midstream Partners (ENBL) a Suitable Value Stock?
    Zacks

    Is Enable Midstream Partners (ENBL) a Suitable Value Stock?

    Let's see if Enable Midstream Partners, LP (ENBL) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

  • Thomson Reuters StreetEvents

    Edited Transcript of ENBL earnings conference call or presentation 6-May-20 2:00pm GMT

    Q1 2020 Enable Midstream Partners LP Earnings Call

  • Enable Midstream Partners LP (ENBL) Q1 2020 Earnings Call Transcript
    Motley Fool

    Enable Midstream Partners LP (ENBL) Q1 2020 Earnings Call Transcript

    Image source: The Motley Fool. Enable Midstream Partners LP (NYSE: ENBL)Q1 2020 Earnings CallMay 6, 2020, 10:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day and welcome to the Enable Midstream Partners First Quarter 2020 Conference Call and Webcast.

  • Benzinga

    Recap: Enable Midstream Partners Q1 Earnings

    Shares of Enable Midstream Partners (NYSE:ENBL) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 26.92% over the past year to $0.19, which missed the estimate of $0.27.Revenue of $648,000,000 lower by 18.49% year over year, which missed the estimate of $840,920,000.Looking Ahead Enable Midstream Partners hasn't issued any earnings guidance for the time being.Enable Midstream Partners hasn't issued any revenue guidance for the time being.Conference Call Details Date: May 06, 2020View more earnings on ENBLTime: 02:05 PM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.enablemidstream.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2203402&sessionid=1&key=95458D68043A3B4FF79A67B292DEDE05®Tag=&sourcepage=registerTechnicals Company's 52-week high was at $14.48Company's 52-week low was at $1.61Price action over last quarter: down 44.94%Company Profile Enable Midstream Partners LP is a US-based company which owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The company's emerging production areas in the United States include several shale resource plays and local and regional end-user markets in the United States. The company's assets and operations are organized into two business segments, Gathering and Processing, which provides natural gas gathering, processing and fractionation services and crude oil gathering for its producer customers, and Transportation and Storage, which provides interstate and intrastate natural gas pipeline transportation and storage service to natural gas producers, utilities and industrial customers.See more from Benzinga * Recap: Cedar Fair Q1 Earnings * Recap: Gibraltar Industries Q1 Earnings * Recap: Tennant Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Enable Midstream Announces First Quarter 2020 Financial and Operating Results
    Business Wire

    Enable Midstream Announces First Quarter 2020 Financial and Operating Results

    Enable Midstream Partners, LP (NYSE: ENBL) today announced financial and operating results for first quarter 2020.

  • Enable Midstream Announces First Quarter 2020 Financial Results Release Date and Conference Call Information
    Business Wire

    Enable Midstream Announces First Quarter 2020 Financial Results Release Date and Conference Call Information

    Enable Midstream Partners, LP (NYSE: ENBL) will release first quarter 2020 financial results before market hours Wednesday, May 6, and will host a conference call at 10 a.m. EDT (9 a.m. CDT) that day to discuss the results.

  • Should You Avoid Enable Midstream Partners LP (ENBL)?
    Insider Monkey

    Should You Avoid Enable Midstream Partners LP (ENBL)?

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  • Moody's

    CenterPoint Energy, Inc. -- Moody's changes CenterPoint Energy outlook to negative, affirms ratings

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  • Barrons.com

    Even Utilities Are Cutting Their Dividends

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  • CenterPoint Energy names interim CFO, cuts spending, dividend
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    CenterPoint Energy names interim CFO, cuts spending, dividend

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  • Enable Midstream Pulls Multiple Levers To Ensure Financial Strength, Halves Dividend
    SmarterAnalyst

    Enable Midstream Pulls Multiple Levers To Ensure Financial Strength, Halves Dividend

    Enable Midstream Partners (ENBL) has announced significant measures to strengthen its financial position as it seeks to deal with challenging industry conditions. This includes halving dividends by 50% from $0.3305 to $0.16525/share – a move which the company says will save $290 million of cash on an annualized basis.“Due to the sharp decline in commodity prices and producer activity across our footprint and the future business uncertainty created by the coronavirus pandemic, we are taking decisive action to fortify our financial position, protect our balance sheet and ensure liquidity to navigate these unprecedented market conditions,” explained Rod Sailor, president and CEO.Enable is: 1) reducing 2020 total expansion capital expenditures by $115 million, or 48%, from the top end of the previously provided outlook; 2) targeting a reduction in maintenance capital of $20 million, or 17%, from the midpoint of the previously provided outlook for 2020 and 2021; and 3) targeting cost savings of $35 in 2020, growing to run-rate savings of about $70 million in 2021.Taken together, the actions are expected to result in an annualized increase in retained cash flow of approximately $450 million and should allow Enable to fully fund its business and reduce total debt in 2020.RBC Capital analyst TJ Schultz believes this was the right call to make: “ENBL’s actions are appropriate and expected in this market (ENBL was yielding ~54%) in our view. The 50% distribution cut makes sense as it provides ENBL with flexibility to fund capex and reduce debt this year” he writes, noting that the new payout still implies a 27% yield at current price.He has a hold rating on the stock and $5 price target. Overall, Enable has a Moderate Buy analyst consensus on TipRanks. (See ENBL’s stock analysis on TipRanks). Given that the stock is currently trading at $2.40 the average analyst price target indicates upside potential of almost 200%.Encouragingly, the company reminded investors that Enable has ample liquidity available under its $1.75 billion revolving credit facility and has no near-term senior notes maturities.Related News: Sprint, T-Mobile Finally Complete Merger Qualcomm (QCOM) Stock Is a Buy at These Levels, Says 5-Star Analyst FTC Sues to Unwind Altria Group’s $12.8 Billion Investment in JUUL More recent articles from Smarter Analyst: * Co-Diagnostics Inks Covid-19 Test Agreement, YTD Gain Over 1000% * Chesapeake Shareholders Approve Controversial Reverse Stock Split * Exxon Raises $9.5 Billion In Yet Another Massive Bond Deal * Tesla Takes New Cost-Cutting Initiative, Seeks Rent Reduction

  • OGE Energy Corp. supports Enable's actions to strengthen balance sheet and improve liquidity
    PR Newswire

    OGE Energy Corp. supports Enable's actions to strengthen balance sheet and improve liquidity

    OGE Energy Corp. (NYSE: OGE) announced today its support of the recent decision by Enable Midstream Partners, LP (NYSE: ENBL) to increase its annualized retained cash flow by approximately $450 million. OGE also reconfirmed the strength of its own balance sheet, credit metrics and liquidity position.

  • Enable Midstream Announces Distribution, Capital and Cost Reductions
    Business Wire

    Enable Midstream Announces Distribution, Capital and Cost Reductions

    Enable Midstream Partners, LP (NYSE: ENBL) announced today that the partnership is taking significant measures to strengthen its financial position in response to current industry conditions. Taken together, the actions announced today are expected to result in an annualized increase in retained cash flow of approximately $450 million and position Enable to fully fund its business and reduce total debt in 2020.

  • Business Wire

    Enable Midstream Announces FERC Approval of MRT Rate Case Settlements

    Enable Midstream Partners, LP (NYSE: ENBL) announced today that Enable Mississippi River Transmission, LLC (MRT) received approval from the Federal Energy Regulatory Commission (FERC) of its uncontested rate case settlements with customers. The settlements establish rates for services on the MRT system that provide a return on MRT’s historical investments, recovery of the pipeline’s ongoing operating costs and rate certainty for customers.

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  • Moody's

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  • Thomson Reuters StreetEvents

    Edited Transcript of ENBL earnings conference call or presentation 19-Feb-20 3:00pm GMT

    Q4 2019 Enable Midstream Partners LP Earnings Call

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  • Thomson Reuters StreetEvents

    Edited Transcript of ENBL earnings conference call or presentation 6-Nov-19 3:00pm GMT

    Q3 2019 Enable Midstream Partners LP Earnings Call

  • PR Newswire

    OGE Energy Corp. reports third quarter results

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