Enable Midstream Partners Reports Q1 Profit Of $149 Mln - Quick Facts

(RTTNews) - Enable Midstream Partners, LP (ENBL) said that its first quarter 2014 net income attributable to the company was $149 million, compared to $59 million in the prior year.

Pro forma net income for the first quarter 2013 was $120 million. Pro forma first quarter 2013 results were included to provide the basis for comparison of quarterly results since first quarter 2013 historical results do not include Enogex LLC.

Revenue for the quarter was $1.002billion, compared to $261 million last year.

While Enable Midstream is not issuing guidance for 2014 due to the post-IPO quiet period, Enable Midstream reaffirmed the forecast for the twelve months ending March 31, 2015 included in Enable Midstream's prospectus dated April 10, 2014.

The company completed $575 million IPO on April 11, 2014, including ArcLight's sale of $75 million of units through the underwriters' exercise of their over-allotment option.