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Enable Midstream to Cut 10% of Workforce; Talks 4Q Results
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Enable Midstream Partners, LP announced financial results for fourth quarter and full year 2014.
Enable Midstream President and CEO Lynn Bourdon commented: "2014 was a year of strong commercial, operational, and financial execution. Our distributable cash flow for 2014 increased 14 percent compared to pro forma 2013 and exceeded the top end of our outlook. In addition, our most recently announced distribution represents a 7 percent increase over our minimum quarterly distribution.
"As we begin 2015, the energy industry faces headwinds from lower commodity prices. We have seen several of our major producers reduce their drilling budgets for 2015, and we are already seeing those reductions impact drilling activity around our systems. In response to these market changes, Enable Midstream…
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