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Enable Midstream Announces Distribution Reinvestment Plan and Update to Quarterly Distribution Payment Date


Enable Midstream Partners, LP (NYSE: ENBL) announced today that a Distribution Reinvestment Plan (the “Plan”) for owners of its common and subordinated units is open for enrollment. The Plan became effective on June 23, 2016, with Enable’s filing of its Form S-3 registration statement with the Securities and Exchange Commission (“SEC”), and the Plan will commence with the quarterly distribution for the quarter ending September 30, 2016.

Under the Plan, registered unitholders may invest all or a portion of their cash distributions in Enable’s common units. A registered unitholder is a unitholder whose name is recorded on the partnership’s register as the person who has the rights, benefits and responsibilities of ownership. If a unitholder owns common or subordinated units that are registered in someone else’s name (for example, a bank, broker or trustee), the Plan allows such unitholder to participate through this person, should they elect to participate, without having to withdraw units from the bank, broker or trustee.

If a broker or bank elects not to participate in the Plan on a unitholder’s behalf, they may have a program with their direct accounts that has a similar effect. Unitholders should contact their broker or bank directly for information on these programs. Otherwise, unitholders can participate by withdrawing common units from a bank or broker and registering the common or subordinated units in the unitholder’s name.

Participation in the Plan is voluntary, and if a unitholder elects to participate, the unitholder may terminate participation in the Plan at any time (subject to restrictions following a relevant record date).

Enable has appointed Wells Fargo Shareowner Services, a division of Wells Fargo Bank, N.A., to administer the Plan (the “Administrator”). Unitholders can enroll online by following the enrollment procedures specified on the Administrator’s website at or by completing and signing an Account Authorization Card and returning it to the Administrator.

Unitholders should read carefully the prospectus describing the Plan before deciding to participate in the Plan. A copy of the Plan’s prospectus can be found under the SEC Filings section of Enable’s investor relations website at

Enable also announced today that it has amended its partnership agreement to provide that common and subordinated unitholders’ quarterly distribution payments will be made within 60 days after the end of each quarter. Enable’s partnership agreement previously provided that common and subordinated unitholders’ quarterly distribution payments would be made within 45 days after the end of each quarter. The change to the distribution payment date will be effective for the quarterly distribution for the quarter ending June 30, 2016. The common and subordinated unitholders’ quarterly distribution payments are subject to the payment of the quarterly distributions to holders of Enable’s Series A Preferred Units (“Preferred Units”). No changes were made to the timing of distributions on the Preferred Units.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the common units described in this news release, nor shall there be any sale of these common units in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offer is being made only through an effective registration statement on Form S-3, including the prospectus contained therein, that was filed with the SEC on June 23, 2016, and became immediately effective.


Enable files annual, quarterly and other reports and other information with the U.S. Securities and Exchange Commission (SEC). Any materials Enable files with the SEC are available to read and copy at the SEC’s Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-732-0330 for further information on their Public Reference Room. Enable’s SEC filings are also available at the SEC’s website at which contains information regarding issuers that file electronically with the SEC. Information about Enable may also be obtained at the offices of the NYSE, 20 Broad Street, New York, New York 10005, or on Enable’s website at On the investor relations tab of Enable’s website,, Enable makes available free of charge a variety of information to investors. Enable’s goal is to maintain the investor relations tab of its website as a portal through which investors can easily find or navigate to pertinent information about Enable, including but not limited to:

  • Enable’s annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and any amendments to those reports as soon as reasonably practicable after Enable electronically files that material with or furnish it to the SEC;
  • press releases on quarterly distributions, quarterly earnings, and other developments;
  • governance information, including Enable’s governance guidelines, committee charters, and code of ethics and business conduct;
  • information on events and presentations, including an archive of available calls, webcasts, and presentations;
  • news and other announcements that Enable may post from time to time that investors may find useful or interesting; and
  • opportunities to sign up for email alerts and RSS feeds to have information pushed in real time.


Enable owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 12,400 miles of gathering pipelines, 13 major processing plants with approximately 2.3 billion cubic feet per day of processing capacity, approximately 7,900 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50 percent), approximately 2,200 miles of intrastate pipelines and eight storage facilities comprising 85.0 billion cubic feet of storage capacity. For more information, visit


This press release may contain “forward-looking statements” within the meaning of the securities laws. All statements, other than statements of historical fact, regarding the commencement of the Plan and the payment and timing of future distributions are forward-looking statements. These statements often include the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “forecast” and similar expressions and are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Enable Midstream’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Enable Midstream assumes no obligation to and does not intend to update any forward-looking statements included herein. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements described under the heading “Risk Factors” included in our SEC filings. Enable Midstream cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond its control, incident to the ownership, operation and development of natural gas and crude oil infrastructure assets. These risks include, but are not limited to, contract renewal risk, commodity price risk, environmental risks, operating risks, regulatory changes and the other risks described under “Risk Factors” in our SEC filings. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, Enable Midstream’s actual results and plans could differ materially from those expressed in any forward-looking statements.

Enable Midstream Partners, LP
Brian Alford, 405-553-6984
Matt Beasley, 405-558-4600

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