SOURCE: EnLink Midstream Partners

EnLink Midstream Partners

April 22, 2015 09:00 ET

EnLink Midstream Partners CEO Barry Davis Interviewed by Advisor Access

SAN FRANCISCO, CA--(Marketwired - Apr 22, 2015) - EnLink Midstream (NYSE: ENLK) (NYSE: ENLC) is a leading midstream provider formed through the combination of Crosstex Energy and substantially all of the U.S. midstream assets of Devon Energy Corp. (DVN). EnLink Midstream is publicly traded through two entities: EnLink Midstream LLC (ENLC), the publicly traded general partner entity, and EnLink Midstream Partners LP (ENLK), the master limited partnership. EnLink Midstream's assets are located in many of North America's premier oil and gas regions, including the Barnett Shale, Permian Basin, Cana-Woodford Shale, Arkoma Woodford Shale, Eagle Ford Shale, Haynesville Shale, Gulf Coast region, Utica Shale and Marcellus Shale. Based in Dallas, Texas, EnLink Midstream's assets include over 9,100 miles of gathering and transportation pipelines, 16 processing plants with 3.6 billion cubic feet per day of net processing capacity, seven fractionators with 280,000 barrels per day of net fractionation capacity, as well as barge and rail terminals, product storage facilities, brine disposal wells, an extensive crude oil trucking fleet and equity investments in certain private midstream companies.

Advisor Access: Why should investors look at master limited partnerships (MLPs) right now?

Barry Davis: The main benefits of investing in an MLP are the following: 1) they are a great way to invest in our country's shale revolution, which has created unprecedented demand for new energy infrastructure; and 2) the fact that distributions (which is MLP jargon for "dividends") are not taxed.

MLPs combine the tax benefits of a limited partnership (which does not pay taxes from profits) with the access to capital of a publicly traded company.

The combination of steady growth and reliable, tax-advantaged distributions can make an MLP an excellent investment vehicle, but not all MLPs are created equal.

AA: How can the two parts of your company, the GP and the LP, be a fit for a portfolio?

BD: There are two distinct ways to invest in EnLink Midstream: through the purchase of units in EnLink Midstream Partners, LP (ENLK), an MLP, or the purchase of shares in EnLink Midstream, LLC (ENLC), the GP. This business model provides institutions that are unable to make direct MLP investments with a way to participate in EnLink's growth through common unit ownership of the GP.

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DISCLOSURE:
EnLink Midstream Partners agreed to have Advisor Access produce and distribute this interview. EnLink had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are those of Barry Davis and not of Advisor Access or its employees, contractors or owners.

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