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EnLink Midstream Expects No Impact to Financial Results Related to Revised FERC Policy

03/19/2018

DALLAS, March 19, 2018 /PRNewswire/ -- The EnLink Midstream companies (EnLink), EnLink Midstream, LLC (NYSE: ENLC), the General Partner, and EnLink Midstream Partners, LP (NYSE: ENLK), the Master Limited Partnership, announced that EnLink expects to experience no impact to financial results from the recently revised Federal Energy Regulatory Commission (FERC) policy that now disallows income tax cost recovery in master limited partnership (MLP) rate structures based on cost of service.

EnLink Midstream Logo (PRNewsFoto/EnLink Midstream)

"EnLink's cash flows are expected to be unaffected by the change," said Michael J. Garberding, EnLink President and CEO. "EnLink only operates a small number of interstate, FERC-regulated pipelines, and rates currently charged on those pipelines are not expected to be impacted."

About the EnLink Midstream Companies
EnLink provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities.  EnLink operates in several top U.S. basins and is strategically focused on the core growth areas of the Permian's Midland and Delaware basins, Oklahoma's Midcontinent, and Louisiana's Gulf Coast. Headquartered in Dallas, EnLink is publicly traded through EnLink Midstream, LLC (NYSE: ENLC), the General Partner, and EnLink Midstream Partners, LP (NYSE: ENLK), the Master Limited Partnership. Visit www.EnLink.com for more information on how EnLink connects energy to life.

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 Partnership and the General Partner based upon management's experience and perception of current facts, historical trends, current conditions, expected future developments, and other factors that the Partnership and the General Partner believe are appropriate in the circumstances. These statements include, but are not limited to, statements with respect to the FERC Policy's impact on expected financial results and the FERC Policy's expected impact on the Partnership's operations. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership and the General Partner, which may cause the 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 Partnership's and the General Partner's filings with the Securities and Exchange Commission. The 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.

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