The EnLink Midstream companies (EnLink), EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership or ENLK) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner or ENLC), reported today (9/6) that storm-related impacts to date from Hurricane Harvey on EnLink's assets, finances, and operations have been minimal, and, most importantly, all employees are safe.
"We would like to thank the heroic first responders and volunteers who continue to selflessly help our employees and communities during this crisis," said EnLink Chairman and CEO Barry E. Davis. "We are extremely thankful that our employees are safely accounted for and will continue to keep our families, friends, and neighbors in our thoughts and prayers."
EnLink operates a number of assets in South Texas and along the Gulf Coast, in addition to having a regional office in Houston. To date, EnLink experienced only superficial damage to its facilities, minimal financial impact to its third quarter, and limited operational impact.
Prior to the storm, EnLink proactively shut down its Victoria Express Pipeline System, Port of Victoria barge loading facility, and Cuero Terminal in South Texas to ensure employee and public safety, as these assets were in the direct path of the storm. These facilities are now ready to provide services again as EnLink's producer customers bring volumes back online. EnLink partially curtailed volumes at its Northridge system in Oklahoma and reduced recovery of natural gas liquids (NGL) across its Texas and Oklahoma plants due to NGL takeaway constraints; EnLink is working with producer customers to minimize that impact. EnLink is also working directly with its downstream NGL partners to ensure the continued optimization of EnLink's Cajun-Sibon pipeline, which is currently operating near full capacity. In addition, EnLink's Louisiana gas assets are performing well with virtually no disruption.
"Our employees train year-round for the unforeseen, and I am impressed with their dedication to safety and superior execution during this horrible storm," Davis said. "The operational and financial impact on EnLink is expected to be minimal. We will continue to monitor the impact of this weather event on the industry and will provide additional updates as necessary. We will always make it a priority to safely deliver product when and where our customers need it."
About the EnLink Midstream Companies
EnLink provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. EnLink operates in several top U.S. basins and is strategically focused on the core growth areas of the Permian's Midland and Delaware basins, Oklahoma's Midcontinent, and Louisiana's Gulf Coast. Headquartered in Dallas, EnLink is publicly traded through EnLink Midstream, LLC (NYSE: ENLC), the General Partner, and EnLink Midstream Partners, LP (NYSE: ENLK), the Master Limited Partnership. Visit www.EnLink.com for more information on how EnLink connects energy to life.
This press release contains forward-looking statements within the meaning of the federal securities laws. These statements are based on certain assumptions made by the Partnership and the General Partner based upon management's experience and perception of historical trends, current conditions, expected future developments, and other factors that the Partnership and the General Partner believe are appropriate in the circumstances. These statements include, but are not limited to, statements with respect to the operational and financial impacts of Hurricane Harvey on EnLink. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership and the General Partner, which may cause the Partnership's and the General Partner's actual results to differ materially from those implied or expressed by the forward-looking statements. These risks include, but are not limited to, risks discussed in the Partnership's and the General Partner's filings with the Securities and Exchange Commission. The Partnership and the General Partner have no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Kate Walsh, Vice President of Investor Relations
Jill McMillan, Vice President of Public & Industry Affairs