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Enable Midstream Partners

DB:18E
Snowflake Description

Undervalued with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
18E
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The last earnings update was 49 days ago. More info.


Add to Portfolio Compare Print
  • Enable Midstream Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Enable Midstream Partners has significant price volatility in the past 3 months.
18E Share Price and Events
7 Day Returns
-1.1%
DB:18E
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-81.2%
DB:18E
34.4%
DE Oil and Gas
-14.2%
DE Market
18E Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Enable Midstream Partners (18E) -1.1% -20.6% -75.3% -81.2% -85.4% -85.6%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • 18E underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • 18E underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
18E
Industry
5yr Volatility vs Market

18E Value

 Is Enable Midstream Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Enable Midstream Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Enable Midstream Partners.

DB:18E Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:18E
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 21%) (410.99%))
3.027
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:18E using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Enable Midstream Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:18E DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 456.25 Analyst x4 412.93
2021 308.00 Analyst x3 252.29
2022 309.50 Analyst x2 229.45
2023 154.00 Analyst x1 103.33
2024 694.00 Analyst x1 421.45
2025 826.22 Est @ 19.05% 454.11
2026 935.45 Est @ 13.22% 465.33
2027 1,020.92 Est @ 9.14% 459.63
2028 1,085.02 Est @ 6.28% 442.11
2029 1,131.44 Est @ 4.28% 417.25
Present value of next 10 years cash flows $3,657.00
DB:18E DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,131.44 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$10,358.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $10,358.67 ÷ (1 + 10.49%)10
$3,820.10
DB:18E Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,657.00 + $3,820.10
$7,477.10
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7,477.10 / 435.21
$17.18
DB:18E Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:18E represents 0.91984x of NYSE:ENBL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91984x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 17.18 x 0.91984
€15.80
Value per share (EUR) From above. €15.80
Current discount Discount to share price of €2.27
= -1 x (€2.27 - €15.80) / €15.80
85.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Enable Midstream Partners is available for.
Intrinsic value
>50%
Share price is €2.27 vs Future cash flow value of €15.8
Current Discount Checks
For Enable Midstream Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Enable Midstream Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Enable Midstream Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Enable Midstream Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Enable Midstream Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:18E PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.83
NYSE:ENBL Share Price ** NYSE (2020-04-07) in USD $2.47
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Enable Midstream Partners.

DB:18E PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ENBL Share Price ÷ EPS (both in USD)

= 2.47 ÷ 0.83

2.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enable Midstream Partners is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Enable Midstream Partners is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Enable Midstream Partners's expected growth come at a high price?
Raw Data
DB:18E PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-9.9%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:18E PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 2.99x ÷ -9.9%

-0.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enable Midstream Partners earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Enable Midstream Partners's assets?
Raw Data
DB:18E PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $16.11
NYSE:ENBL Share Price * NYSE (2020-04-07) in USD $2.47
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:18E PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ENBL Share Price ÷ Book Value per Share (both in USD)

= 2.47 ÷ 16.11

0.15x

* Primary Listing of Enable Midstream Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enable Midstream Partners is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Enable Midstream Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Enable Midstream Partners has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

18E Future Performance

 How is Enable Midstream Partners expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-9.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Enable Midstream Partners expected to grow at an attractive rate?
  • Enable Midstream Partners's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Enable Midstream Partners's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Enable Midstream Partners's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:18E Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:18E Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -9.9%
DB:18E Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:18E Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:18E Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 3,351 662 269 2
2021-12-31 3,292 807 295 3
2020-12-31 3,323 799 328 3
2020-04-08
DB:18E Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,960 942 360
2019-09-30 3,179 977 516
2019-06-30 3,408 946 522
2019-03-31 3,478 973 493
2018-12-31 3,431 924 485
2018-09-30 3,287 916 419
2018-06-30 3,064 857 394
2018-03-31 2,885 844 394
2017-12-31 2,803 834 400
2017-09-30 2,611 779 360
2017-06-30 2,526 814 366
2017-03-31 2,429 760 315

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Enable Midstream Partners's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Enable Midstream Partners's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:18E Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Enable Midstream Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:18E Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.64 0.76 0.46 3.00
2021-12-31 0.62 0.74 0.42 4.00
2020-12-31 0.88 1.44 0.67 5.00
2020-04-08
DB:18E Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.83
2019-09-30 1.18
2019-06-30 1.20
2019-03-31 1.14
2018-12-31 1.12
2018-09-30 0.97
2018-06-30 0.91
2018-03-31 0.91
2017-12-31 0.92
2017-09-30 0.83
2017-06-30 0.85
2017-03-31 0.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Enable Midstream Partners is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Enable Midstream Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Enable Midstream Partners has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

18E Past Performance

  How has Enable Midstream Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Enable Midstream Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Enable Midstream Partners has delivered over 20% year on year earnings growth in the past 5 years.
  • Enable Midstream Partners's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Enable Midstream Partners's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Enable Midstream Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Enable Midstream Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:18E Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,960.00 360.00 526.00
2019-09-30 3,179.00 516.00 514.00
2019-06-30 3,408.00 522.00 504.00
2019-03-31 3,478.00 493.00 503.00
2018-12-31 3,431.00 485.00 495.00
2018-09-30 3,287.00 419.00 484.00
2018-06-30 3,064.00 394.00 472.00
2018-03-31 2,885.00 394.00 469.00
2017-12-31 2,803.00 400.00 462.00
2017-09-30 2,611.00 360.00 470.00
2017-06-30 2,526.00 366.00 464.00
2017-03-31 2,429.00 315.00 464.00
2016-12-31 2,272.00 290.00 465.00
2016-09-30 2,224.00 296.00 474.00
2016-06-30 2,250.00 -799.00 496.00
2016-03-31 2,311.00 -757.00 507.00
2015-12-31 2,418.00 -752.00 522.00
2015-09-30 2,587.00 -695.00 529.00
2015-06-30 2,744.00 429.00 527.00
2015-03-31 2,981.00 472.00 525.00
2014-12-31 3,367.00 530.00 527.00
2014-09-30 3,456.00 523.00 504.00
2014-06-30 3,445.00 488.00 495.00
2014-03-31 3,230.00 438.00 475.00
2013-12-31 2,489.00 289.00 429.00
2013-09-30 1,931.00 1,550.00 373.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Enable Midstream Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Enable Midstream Partners used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Enable Midstream Partners has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Enable Midstream Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Enable Midstream Partners has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

18E Health

 How is Enable Midstream Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Enable Midstream Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Enable Midstream Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Enable Midstream Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Enable Midstream Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Enable Midstream Partners Company Filings, last reported 3 months ago.

DB:18E Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 7,409.00 4,378.00 4.00
2019-09-30 7,540.00 4,407.00 12.00
2019-06-30 7,559.00 4,408.00 9.00
2019-03-31 7,583.00 4,374.00 18.00
2018-12-31 7,618.00 4,278.00 8.00
2018-09-30 7,568.00 3,793.00 8.00
2018-06-30 7,571.00 3,707.00 7.00
2018-03-31 7,619.00 3,639.00 30.00
2017-12-31 7,654.00 3,450.00 5.00
2017-09-30 7,691.00 3,119.00 8.00
2017-06-30 7,722.00 3,046.00 7.00
2017-03-31 7,771.00 3,047.00 17.00
2016-12-31 7,794.00 2,993.00 6.00
2016-09-30 7,729.00 3,113.00 23.00
2016-06-30 7,749.00 3,101.00 6.00
2016-03-31 7,847.00 3,074.00 38.00
2015-12-31 7,531.00 3,270.00 4.00
2015-09-30 7,611.00 3,169.00 5.00
2015-06-30 8,735.00 3,051.00 8.00
2015-03-31 8,787.00 2,725.00 8.00
2014-12-31 8,823.00 2,544.00 12.00
2014-09-30 8,826.00 2,387.00 18.00
2014-06-30 8,811.00 2,493.00 415.00
2014-03-31 8,217.00 2,580.00 12.00
2013-12-31 8,181.00 2,483.00 108.00
2013-09-30 8,186.00 2,295.00 24.00
  • Enable Midstream Partners's level of debt (59.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (28.9% vs 59.1% today).
  • Debt is well covered by operating cash flow (21.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess Enable Midstream Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Enable Midstream Partners has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

18E Dividends

 What is Enable Midstream Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
53.52%
Current annual income from Enable Midstream Partners dividends. Estimated to be 34.03% next year.
If you bought €2,000 of Enable Midstream Partners shares you are expected to receive €1,070 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Enable Midstream Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Enable Midstream Partners's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:18E Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:18E Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.66 1.00
2023-12-31 0.64 2.00
2022-12-31 0.84 7.00
2021-12-31 0.84 7.00
2020-12-31 0.92 7.00
2020-04-08
DB:18E Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-07 1.322 37.189
2019-11-06 1.322 13.436
2019-08-06 1.322 11.304
2019-05-01 1.272 9.323
2019-02-08 1.272 8.832
2018-11-07 1.272 8.891
2018-08-02 1.272 7.793
2018-05-02 1.272 7.685
2018-02-09 1.272 9.160
2017-11-01 1.272 8.498
2017-08-01 1.272 8.475
2017-05-03 1.272 8.221
2017-02-10 1.272 7.758
2016-11-02 1.272 8.031
2016-08-03 1.272 8.730
2016-04-26 1.272 9.431
2016-01-22 1.272 17.396
2015-10-23 1.272 14.187
2015-07-22 1.264 8.850
2015-04-24 1.250 7.738
2015-01-26 1.235 7.076
2014-11-04 1.210 6.002
2014-07-25 1.180 4.742

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Enable Midstream Partners has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Enable Midstream Partners only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Enable Midstream Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Enable Midstream Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Enable Midstream Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Enable Midstream Partners has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

18E Management

 What is the CEO of Enable Midstream Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rod Sailor
COMPENSATION $6,564,531
AGE 61
TENURE AS CEO 4.3 years
CEO Bio

Mr. Rodney J. Sailor, also known as Rod, has been the Chief Executive Officer and President of Enable GP, LLC, general partner of enable midstream partners, LP since January 1, 2016 and also been its Director. He serves as the President and Chief Executive Officer of Enable Mississippi River Transmission, LLC. Mr. Sailor served as the Chief Financial Officer at Enable GP, LLC since March 29, 2014 until December 2015. Mr. Sailor served as the Executive Vice President at Enable GP, LLC since April 1, 2014 until December 2015. Mr. Sailor served as a Treasurer of Williams Pipeline GP LLC (General Partner of Williams Pipeline Partners L.P) since July 2005. He served as Vice President and Treasurer of Williams Companies since July 2005 to 2011. He served as Vice President and Treasurer of Williams Partners GP LLC since February 2010 and August 2007 respectively. He served as the Chief Financial Officer of Apco Oil & Gas International Inc. from December 6, 2012 to March 31, 2014. He served as the Chief Financial Officer and Senior Vice President of WPX Energy, Inc. from December 2011 to March 2014 and has been its Treasurer from April 2011 to March 31, 2014. He served as Deputy Chief Financial Officer of WPX Energy, Inc. from April 2011 to October 2011. Mr. Sailor served as an Assistant Treasurer of Williams from 2001 to 2005 and was responsible for capital structuring and capital markets transactions, management of Williams' liquidity position and oversight of Williams' balance sheet restructuring program. He served as Vice President of Strategic International Development and Latin America for the former telecommunications business unit of Williams from 1999 to 2001. He served in various positions with Williams involving international finance, corporate finance, strategic planning and development and accounting from 1985 to 1999. He served as a Director of Apco Oil & Gas International Inc. from September 7, 2006 to March 31, 2014. He served as a Director of Williams Pipeline Partners L.P. since January 24, 2008. Mr. Sailor served as a Director of Williams Partners GP LLC from August 2007 to February 2010.

CEO Compensation
  • Rod's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Rod's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Enable Midstream Partners management team in years:

4.9
Average Tenure
54
Average Age
  • The tenure for the Enable Midstream Partners management team is about average.
Management Team

Rod Sailor

TITLE
President
COMPENSATION
$7M
AGE
61
TENURE
4.3 yrs

John Laws

TITLE
Executive VP
COMPENSATION
$3M
AGE
44
TENURE
4.3 yrs

Deanna Farmer

TITLE
Executive VP & Chief Administrative Officer of Enable GP LLC
COMPENSATION
$2M
AGE
54
TENURE
5.6 yrs

Mark Schroeder

TITLE
Executive VP
COMPENSATION
$2M
AGE
63
TENURE
6.8 yrs

Tina Faraca

TITLE
Senior VP & Chief Commercial Officer of Enable GP
COMPENSATION
$2M
AGE
54

Tom Levescy

TITLE
Senior VP
AGE
50
TENURE
6.8 yrs

Matt Beasley

TITLE
Senior Director

Vlad Klenikov

TITLE
Senior Vice President of Corporate Development & Finance
TENURE
2.3 yrs

Frank Antoine

TITLE
Senior Vice President of Field Operations of Enable GP

J. Hagy

TITLE
VP, Deputy General Counsel & Secretary of Enable GP LLC
Board of Directors Tenure

Average tenure and age of the Enable Midstream Partners board of directors in years:

4.2
Average Tenure
61.5
Average Age
  • The tenure for the Enable Midstream Partners board of directors is about average.
Board of Directors

John Somerhalder

TITLE
Chairman of the Board of Enable GP LLC
AGE
63
TENURE
0.2 yrs

Rod Sailor

TITLE
President
COMPENSATION
$7M
AGE
61
TENURE
4.3 yrs

Peter Kind

TITLE
Independent Director of Enable GP LLC
COMPENSATION
$198K
AGE
62
TENURE
6.2 yrs

Alan Harris

TITLE
Independent Director of Enable GP LLC
COMPENSATION
$196K
AGE
65
TENURE
5.2 yrs

Steve Merrill

TITLE
Director of Enable GP LLC
COMPENSATION
$665K
AGE
54
TENURE
3.1 yrs

Robert Trauschke

TITLE
Director of Enable GP LLC
AGE
52
TENURE
6.9 yrs

Ronnie Irani

TITLE
Independent Director of Enable GP LLC
COMPENSATION
$183K
AGE
63
TENURE
4.1 yrs

Xia Liu

TITLE
Director of Enable GP LLC
AGE
49
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Enable Midstream Partners individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Mar 20 Buy Robert Trauschke Individual 06. Mar 20 06. Mar 20 3,500 €4.78 €16,726
15. Nov 19 Buy Robert Trauschke Individual 14. Nov 19 14. Nov 19 10,000 €8.81 €88,086
13. Aug 19 Buy Scott Prochazka Individual 09. Aug 19 09. Aug 19 7,500 €10.94 €82,040
12. Aug 19 Buy Robert Trauschke Individual 08. Aug 19 08. Aug 19 2,500 €10.94 €27,342
X
Management checks
We assess Enable Midstream Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Enable Midstream Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

18E News

Simply Wall St News

18E Company Info

Description

Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers. The Transportation and Storage segment offers interstate and intrastate natural gas pipeline transportation and storage services to natural gas producers, utilities, and industrial customers. The company’s natural gas gathering and processing assets are located in Oklahoma, Texas, Arkansas, and Louisiana; crude oil gathering assets are located in North Dakota; and natural gas transportation and storage assets extend from western Oklahoma and the Texas Panhandle to Louisiana, from Louisiana to Illinois, in Oklahoma, and from Louisiana to Alabama. As of December 31, 2018, its portfolio of midstream energy infrastructure assets included approximately 13,900 miles of gathering pipelines; 15 processing plants with 2.6 billion cubic feet per day of processing capacity; approximately 7,800 miles of interstate pipelines; approximately 2,300 miles of intrastate pipelines; and 8 natural gas storage facilities with 84.5 billion cubic feet of storage capacity. The company was founded in 2013 and is based in Oklahoma City, Oklahoma. Enable Midstream Partners, LP operates as a subsidiary of Centerpoint Energy Resources Corp.

Details
Name: Enable Midstream Partners, LP
18E
Exchange: DB
Founded: 2013
$987,029,372
435,206,963
Website: http://www.enablemidstream.com
Address: Enable Midstream Partners, LP
One Leadership Square,
Suite 150,
Oklahoma City,
Oklahoma, 73102,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ENBL Common Units New York Stock Exchange US USD 11. Apr 2014
DB 18E Common Units Deutsche Boerse AG DE EUR 11. Apr 2014
Number of employees
Current staff
Staff numbers
1,735
Enable Midstream Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 04:30
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.