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Enable Midstream Partners Prices Offering of Common Units


Enable Midstream Partners, LP (NYSE:ENBL) (the “Partnership”) today announced that it has priced an underwritten public offering of 10,000,000 common units representing limited partner interests at a public offering price of $14.00 per common unit. In connection with the offering, the Partnership and Enogex Holdings LLC, a selling unitholder, granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common units. The Partnership expects the offering to close on November 29, 2016, subject to customary closing conditions.

The Partnership expects to receive net proceeds of approximately $136 million (or approximately $137 million if the underwriters exercise in full their option to purchase additional common units) after deducting underwriting discounts and estimated offering expenses. The Partnership intends to use the net proceeds from the offering for general partnership purposes. The Partnership will not sell any common units pursuant to any exercise of the underwriters’ option to purchase additional common units until such exercise exceeds 1,424,281 common units.

Citigroup and Wells Fargo Securities are acting as joint bookrunners for the offering, and Deutsche Bank Securities and J.P. Morgan are acting as joint lead managers for the offering. Copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained, free of charge, on the Securities and Exchange Commission’s website at or by sending a request to:

Citigroup Global Markets Inc.

c/o Broadridge Financial Solutions

1155 Long Island Ave.

Edgewood, NY 11717

Telephone: (800) 831-9146

Wells Fargo Securities

375 Park Avenue

New York, NY 10152

Attn: Equity Syndicate Dept.


phone: 1-800-326-5897


The common units are being offered and will be sold pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission. This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities 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 state or jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.


Enable Midstream Partners is a publicly traded master limited partnership. The Partnership owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The Partnership’s assets include approximately 12,500 miles of gathering pipelines, 14 major processing plants with approximately 2.5 billion cubic feet per day of processing capacity, approximately 7,900 miles of interstate pipelines (including Southeast Supply Header, LLC of which the Partnership owns 50%), approximately 2,200 miles of intrastate pipelines and eight storage facilities comprising 85.0 billion cubic feet of storage capacity.


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 plans and objectives of management, including the closing of this offering and the use of proceeds therefrom, 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 the Partnership’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The Partnership 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. The Partnership 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, the Partnership’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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