Page 14 - Enable Midstream News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Several catalysts fueled the midstream giant last month.

Operator Good morning. My name is Tammy, and I will be your conference operator today. At this time, I would like to welcome everyone to the Enable Midstream fourth-quarter 2020 earnings conference call and webcast. [Operator instructions] Thank you. Mr. Matt Beasley, you may begin your conference. Matt Beasley -- Assistant Treasurer and Senior Director, Investor Relations Thank you, and good morning, everyone. Presenting on this morning's call are Rod Sailor, our president and CEO; and John Laws, our chief financial officer. Earlier this morning, we issued our earnings press release and fil...

Share this article Share this article OKLAHOMA CITY, Feb. 25, 2021 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), and holder of 25.5 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners LP, today reported a loss of $0.87 per average diluted share in 2020, compared with reported and ongoing earnings of $2.16 per average diluted share in 2019.  OGE Energy's ongoing earnings for 2020 were $2.08 per share. Ongoing earnings is a non-GAAP financial measure utilized by OGE Energy to d...

Image source: Getty Images. A closer look at the recent flurry of activity Each recently proposed transaction has a slightly different spin and strategic rationale. For example, Chevron made a no-premium, all-equity offer to acquire the rest of Noble Midstream. A deal would give Chevron full control of Noble Midstream's assets, increasing its flexibility while reducing costs. While they haven't agreed to a transaction, the likelihood that they'll reach one is high. Chevron is Noble Midstream's largest customer and investor at a 62.5% interest in the MLP. Meanwhile, Brookfield Infrastructure a...

Data source: Energy Transfer.  Earnings dipped during the fourth quarter, pulling down full-year results. Overall, adjusted EBITDA slumped 5.5% in 2020, while DCF declined by 8.1%. That weakness forced the master limited partnership (MLP) to reduce its distribution, freeing up the associated cash flow to finance expansion projects and reduce debt. While the company's diversification and relatively stable business model helped cushion the blow during the fourth quarter, several of its business segments were under pressure during the period: Data source: Energy Transfer.  Energy Transfer's cr...