Seeking Alpha

Enable Midstream plans to offer 25M units in IPO, sees price at $19-$21

  • Enable Midstream Partners says it plans to raise $500M by offering 25M units in its IPO, expecting shares to price at $19-$21 each.
  • Enable, which focuses on natural gas and oil infrastructure in the U.S., was formed last year as a limited partnership among CenterPoint Energy (CNP), OGE Energy (OGE) and ArcLight Capital.
  • As of Dec. 31, ENBL's energy infrastructure portfolio included ~11K miles of gathering pipelines and 12 major processing plants; total revenue for 2013 was $2.49B.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs