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Tuesday, October 31, 2017

=EnLink Midstream Partners (ENLK) reported earnings on Tue 31 Oct 2017 (a/h)

  • Natural gas liquids company
  • Founded: 1992
  • Headquarters: Dallas, TX

  • Div/yield 0.39/10.19

EnLink Midstream Partners misses by $0.02, beats on revs; reaffirms full-year 2017 guidance 
  • Reports Q3 (Sep) loss of $0.02 per share, $0.02 worse than the Capital IQ Consensus of ($0.00); revenues rose 26.6% year/year to $1.4 bln vs the $1.38 bln Capital IQ Consensus.
  • Impacts from Hurricane Harvey on EnLink's assets, finances and operations were immaterial, and no significant one-time items impacted volumes or financial results for the third quarter of 2017.
  • ENLK reaffirmed full-year 2017 net income guidance range of $116 million to $148 million. ENLK also reaffirmed full-year 2017 adjusted EBITDA guidance range of $840 million to $880 million, and the company expects to achieve full-year adjusted EBITDA around the mid-point of its guidance range. ENLK also reaffirmed its annualized fourth quarter of 2017 adjusted EBITDA guidance range of $925 million to $950 million. 

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