Enable Midstream Partners, LP Announces 55% Decline In Q2 Bottom Line

(RTTNews) - Enable Midstream Partners, LP (ENBL) reported a profit for second quarter that retreated from last year.

The company said its profit came in at $35 million, or $0.08 per share. This was lower than $77 million, or $0.18 per share, in last year's second quarter.

Analysts had expected the company to earn $0.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.3% to $529 million. This was down from $590 million last year.

Enable Midstream Partners, LP earnings at a glance:

-Earnings (Q2): $35 Mln. vs. $77 Mln. last year. -Earnings Decline (Y-o-Y): -54.5% -EPS (Q2): $0.08 vs. $0.18 last year. -EPS Decline (Y-o-Y): -55.6% -Analysts Estimate: $0.18 -Revenue (Q2): $529 Mln vs. $590 Mln last year. -Revenue Change (Y-o-Y): -10.3%