DALLAS--(BUSINESS WIRE)--
The EnLink Midstream companies today announced the declaration of the
quarterly distributions for EnLink Midstream Partners, LP (NYSE: ENLK)
(the Master Limited Partnership) and EnLink Midstream, LLC (NYSE: ENLC)
(the General Partner) for the third quarter of 2014:
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The quarterly distribution on the Master Limited Partnership’s common
units will be $0.37 per common unit. The distributions are payable on
November 13 to unitholders of record on November 3.
-
The quarterly distribution on the General Partner’s common units will
be $0.23 per common unit. The distributions are payable on November 14
to unitholders of record on November 3.
About EnLink Midstream
EnLink Midstream is a leading midstream provider formed through the
combination of Crosstex Energy and substantially all of the U.S.
midstream assets of Devon Energy. EnLink Midstream is publicly traded
through two entities: EnLink Midstream, LLC (NYSE: ENLC), the publicly
traded general partner entity, and EnLink Midstream Partners, LP (NYSE:
ENLK), the master limited partnership.
EnLink Midstream’s assets are located in many of North America’s premier
oil and gas regions, including the Barnett Shale, Permian Basin,
Cana-Woodford Shale, Arkoma-Woodford Shale, Eagle Ford Shale,
Haynesville Shale, Gulf Coast region, Utica Shale and Marcellus Shale.
Based in Dallas, Texas, EnLink Midstream’s assets include approximately
7,400 miles of gathering and transportation pipelines, 13 processing
plants with 3.4 billion cubic feet per day of net processing capacity,
seven fractionators with 252,000 barrels per day of net fractionation
capacity, as well as barge and rail terminals, product storage
facilities, brine disposal wells, an extensive crude oil trucking fleet
and equity investments in certain private midstream companies.
Additional information about the EnLink Midstream companies can be found
at www.EnLink.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws. These statements are based on
certain assumptions made by the Master Limited Partnership and the
General Partner based upon management's experience and perception of
historical trends, current conditions, expected future developments and
other factors the Master Limited Partnership and the General Partner
believe are appropriate in the circumstances. These statements include,
but are not limited to, statements with respect to results of operations
information and distribution information. Such statements are subject to
a number of assumptions, risks and uncertainties, many of which are
beyond the control of the Master Limited Partnership and the General
Partner, which may cause the Master Limited Partnership's and the
General Partner's actual results to differ materially from those implied
or expressed by the forward-looking statements. These risks include, but
are not limited to, risks discussed in the Master Limited Partnership's
and the General Partner’s filings with the Securities and Exchange
Commission. The Master Limited Partnership and the General Partner have
no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
Qualified Notice to Nominees:
This release serves as qualified notice to nominees as provided for
under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note
that 100 percent of the Master Limited Partnership’s distributions to
foreign investors are attributable to income that is effectively
connected with a United States trade or business. Accordingly,
all of the Master Limited Partnership’s distributions to foreign
investors are subject to federal income tax withholding at the highest
effective tax rate for individuals or corporations, as applicable.
Nominees, and not the Master Limited Partnership, are treated as
withholding agents responsible for withholding distributions received by
them on behalf of foreign investors.
Source: EnLink Midstream
