Enlink Midstream, LLC Declares Fourth Quarter of 2017 Distribution, Payable on February 14, 2018; Provides Dividend Guidance for the Year 2018
January 19, 2018 at 03:34 am IST
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The Board of Directors of EnLink Midstream, LLC has declared a cash distribution of $0.259 per common unit for the fourth-quarter 2017, reflecting approximately 1.6% growth over the declared distribution for the third quarter 2017. The cash distribution for the fourth-quarter 2017 will be paid on February 14, 2018, to unitholders of record on January 31, 2018.
The management expects to recommend to the Board a distribution growth rate for ENLC of approximately 5% in declared distributions for full-year 2018 over full-year 2017.
EnLink Midstream, LLC provides integrated midstream infrastructure services for natural gas, crude oil, condensate, and NGLs, as well as CO2 transportation for carbon capture and sequestration (CCS). The Companyâs segments include Permian, which includes its natural gas gathering, processing, and transmission activities and its crude oil operations in the Midland and Delaware Basins in West Texas and Eastern New Mexico; Louisiana, which includes its natural gas and NGL transmission pipelines, natural gas processing plants, natural gas and NGL storage facilities, and fractionation facilities located in Louisiana; Oklahoma, which includes its natural gas gathering, processing, and transmission activities, and its crude oil operations in the Cana-Woodford, Arkoma-Woodford, northern Oklahoma Woodford, STACK, and adjacent areas, and North Texas, which includes natural gas gathering, processing, and transmission activities in North Texas.
ENLINK MIDSTREAM, LLC 
