Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering and processing services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Anadarko and Williston basins for its producer customers. The Transportation and Storage segment offers interstate and intrastate natural gas pipeline transportation and storage services to producer, power plant, local distribution company, and industrial end-user customers. The company's natural gas gathering and processing assets are located in Oklahoma, Texas, Arkansas, and Louisiana; crude oil gathering assets are located in Oklahoma and North Dakota; and natural gas transportation and storage assets extend from western Oklahoma and the Texas Panhandle to Louisiana, from Louisiana to Illinois, in Oklahoma, and from Louisiana to Alabama. As of December 31, 2020, it had a portfolio of midstream energy infrastructure assets included approximately 14,000 miles of gathering pipelines; 15 processing plants with 2.6 billion cubic feet per day of processing capacity; approximately 7,800 miles of interstate pipelines; approximately 2,200 miles of intrastate pipelines; and 7 natural gas storage facilities with 84.5 billion cubic feet of storage capacity. The company was founded in 2013 and is based in Oklahoma City, Oklahoma. As of December 2, 2021, Enable Midstream Partners, LP operates as a subsidiary of Energy Transfer LP.
Research context
Enable Midstream Partners LP appears in PyInvesting’s US Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- USD
- Sector
- Energy
- Industry
- Oil & Gas Midstream
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5 years, 6 months ago
Enable Midstream Partners, LP is currently in a long term uptrend where the price is trading 35.9% above its 200 day moving average.
From a valuation standpoint, the stock is 85.1% cheaper than other stocks from the Energy sector with a price to sales ratio of 1.2.
Enable Midstream Partners, LP's total revenue sank by 3.7% to $704M since the same quarter in the previous year.
Its net income has increased by 433.3% to $96M since the same quarter in the previous year.
Finally, its free cash flow fell by 12.2% to $151M since the same quarter in the previous year.
Based on the above factors, Enable Midstream Partners, LP gets an overall score of 3/5.