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Oil Gas Pipelines

Enable Midstream Partners, LP (ENBL) is a master limited partnership (MLP) that operates in the midstream energy sector. The company primarily provides natural gas gathering, processing, transportation, and storage services to its customers in the United States. ENBL was formed in 2013 as a spin-off from CenterPoint Energy, Inc. and is headquartered in Oklahoma City, Oklahoma.

Here are some key points about Enable Midstream Partners, LP:

* Stock Ticker Symbol: ENBL (traded on the New York Stock Exchange)

* Market Capitalization: ~$2.6 billion (as of March 24, 2023)

* Dividend Yield: 9.4% (as of March 24, 2023)

* 52-Week Range: $7.81 - $14.78

* Revenue (2022): $1.96 billion

* Net Income (2022): $417.14 million

* Distributable Cash Flow (2022): $731 million

Recent Financial Performance:

ENBL's revenue has been relatively stable over the past few years, with a slight increase from $1.85 billion in 2019 to $1.96 billion in 2022. The company's net income has fluctuated a bit more, with a dip in 2020 due to the COVID-19 pandemic, but it has since rebounded. In 2022, the company reported a net income of $417.14 million, up from $345.3 million in 2021.

ENBL's distributable cash flow (DCF) has also been relatively stable, although it decreased slightly from $765 million in 2019 to $731 million in 2022. DCF is a key metric for MLPs as it represents the cash available for distribution to unit holders. Despite the slight decrease in DCF, ENBL has been able to maintain its distribution to unitholders, which is currently $0.32 per unit.

Growth Prospects:

ENBL's growth prospects are tied to the broader natural gas and energy markets. The company has a diversified asset base, with operations in several key basins, including the Anadarko, Arkoma, and Haynesville basins. ENBL is well-positioned to benefit from the ongoing demand for natural gas as a cleaner-burning fuel compared to coal, as well as a critical component in the transition to renewable energy sources.

One area of growth for ENBL is its natural gas processing capacity. The company has several projects underway to expand its processing capabilities and meet increasing customer demand. ENBL has also identified opportunities for growth in its natural gas transportation and storage businesses, particularly as the U.S. becomes a significant exporter of liquefied natural gas (LNG) to global markets.

Overall, Enable Midstream Partners, LP appears to be a stable MLP with a solid financial performance and growth prospects. Investors seeking income and exposure to the midstream energy sector may want to consider ENBL as part of their investment strategy. However, like any investment, careful research and analysis are necessary before making a decision.