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Enable Midstream Partners, LP

Enable Midstream Partners, LP

ENBL

ENBLEnable Midstream Partners, LP US flag

New York Stock Exchange

7.05

USD

+0.10

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Enable Midstream Partners, LP

ENBL

(New York Stock Exchange)

Recent

price

7.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

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Business: Enable Midstream Partners, LP is a midstream energy company primarily engaged in the gathering, processing, transportation, and storage of natural gas and crude oil in the United States. It operates through two main segments: Gathering and Processing, which provides natural gas gathering and processing services in the Anadarko, Arkoma, and Ark-La-Tex basins while also offering crude oil gathering services in the Anadarko and Williston basins; and Transportation and Storage, which offers interstate and intrastate natural gas pipeline transportation and storage services to producers, power plants, local distribution companies, and industrial customers. The company’s infrastructure includes approximately 14,000 miles of gathering pipelines, 15 processing plants with a processing capacity of 2.6 billion cubic feet per day, approximately 7,800 miles of interstate pipelines, about 2,200 miles of intrastate pipelines, and eight natural gas storage facilities with storage capacity of 84.5 billion cubic feet. Its assets span primarily in Oklahoma, Texas, Arkansas, Louisiana, North Dakota, Illinois, and Alabama. Founded in 2013, Enable Midstream Partners is headquartered in Oklahoma City, Oklahoma, and operates as a subsidiary of Energy Transfer LP. Recent major changes include the completion of Enable Midstream Partners' acquisition by Energy Transfer LP in December 2021, a transaction valued at approximately $7.2 billion, consolidating Enable's assets into Energy Transfer's broader midstream and gas transportation operations. This acquisition enhanced Energy Transfer's footprint by adding Enable’s natural gas gathering and processing assets in key basins such as Anadarko, Arkoma, and Haynesville Shale, as well as interstate and intrastate pipeline infrastructure across several states. Enable unitholders received Energy Transfer common units in exchange, and Enable's common units ceased trading on the NYSE following the acquisition. The integration brought about significant operational synergies and cost efficiencies exceeding $100 million annually, reaffirming Energy Transfer’s leading position in the U.S. midstream sector. Since this transaction, Enable Midstream Partners continues as part of Energy Transfer, contributing to its extensive pipeline network exceeding 114,000 miles across 41 states. Enable Midstream Partners serves a wide customer base including natural gas and crude oil producers, power generation facilities, local distribution companies, and industrial end-users, positioning itself in some of the most prolific oil and gas plays in the U.S., including SCOOP/STACK, Permian, Barnett, Marcellus, and Utica basins. The company’s focus on operational excellence, safety, and community partnership is a core part of its business philosophy. Its deep presence across multiple basins alongside comprehensive midstream infrastructure supports the full spectrum of services required by upstream and downstream market participants. In summary, Enable Midstream Partners, LP is a key midstream energy company providing extensive gas and oil gathering, processing, transportation, and storage services with a strategically located asset base and significant integration into Energy Transfer LP’s operations after a landmark acquisition in late 2021, positioning it well to support U.S. energy supply chain demands in its geographic footprint.

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