Capital Markets | Midstream - Processing Plant | Capital Expenditure | Private Equity Activity
Enable Midstream Cuts Capex 66% to $375 Million
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Enable Midstream Partners, LP has announced today an updated outlook for 2016 expansion capital of approximately $375 million.
This updated outlook is a reduction of approximately 66 percent from the midpoint of Enable’s previous 2016 expansion capital outlook. As part of this planned capital reduction, Enable has delayed the in-service date for the 200 million cubic feet per day Wildhorse Processing Plant until late 2017. Enable will provide additional information on its 2016 outlook on its upcoming fourth quarter 2015 earnings call on February 17, 2016.
Rod Sailor, President and Chief Executive Officer, said: “I believe these announcements are an effective response to today’s challenging market conditions. These transactions combined with the reduction of our 2016 expansion capital…
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