Enable Midstream Partners Q4 Profit Rises, Revenue Falls - Quick Facts

(RTTNews) - Enable Midstream Partners, LP (ENBL) said net income attributable to the partnership increased to $122 million from $115 million for the fourth quarter 2013.

On average, 11 analysts polled by Thomson Reuters expected earnings of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues fell to $735 million from $824 million in the previous year. Processed volumes increased 14 percent from last year. Analysts expected revenues of $839.06 million.

Looking ahead, President and CEO Lynn Bourdon said, "Even with current headwinds, we believe that Enable Midstream is well-positioned for today's changing market conditions with integrated assets, a strong footprint in high-growth plays, an investment grade balance sheet, significant liquidity and substantial fee-based margin."