Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. More Details
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Good value second-rate dividend payer.
Share Price & News
How has Enable Midstream Partners's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ENBL's share price has been volatile over the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: ENBL underperformed the US Oil and Gas industry which returned -48.3% over the past year.
Return vs Market: ENBL underperformed the US Market which returned 12% over the past year.
Price Volatility Vs. Market
How volatile is Enable Midstream Partners's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall StAre Enable Midstream Partners LP's (NYSE:ENBL) Interest Costs Too High?
2 years ago | Simply Wall StDoes Enable Midstream Partners LP's (NYSE:ENBL) PE Ratio Warrant A Sell?
2 years ago | Simply Wall StEnable Midstream Partners LP (NYSE:ENBL): Ex-Dividend Is In 3 Days, Should You Buy?
Is Enable Midstream Partners undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ENBL ($4.45) is trading below our estimate of fair value ($10.33)
Significantly Below Fair Value: ENBL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ENBL's PE Ratio (7.2x) is in line with the US Oil and Gas industry average.
PE vs Market: ENBL is good value based on its PE Ratio (7.2x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: ENBL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ENBL is good value based on its PB Ratio (0.3x) compared to the US Oil and Gas industry average (0.7x).
How is Enable Midstream Partners forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENBL's earnings are forecast to decline over the next 3 years (-7.9% per year).
Earnings vs Market: ENBL's earnings are forecast to decline over the next 3 years (-7.9% per year).
High Growth Earnings: ENBL's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ENBL's revenue (5.2% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: ENBL's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ENBL's Return on Equity is forecast to be low in 3 years time (3.5%).
How has Enable Midstream Partners performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENBL has a large one-off loss of $129.0M impacting its June 30 2020 financial results.
Growing Profit Margin: ENBL's current net profit margins (10.4%) are lower than last year (15.3%).
Past Earnings Growth Analysis
Earnings Trend: ENBL's earnings have grown significantly by 40.3% per year over the past 5 years.
Accelerating Growth: ENBL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ENBL had negative earnings growth (-48.3%) over the past year, making it difficult to compare to the Oil and Gas industry average (-35%).
Return on Equity
High ROE: ENBL's Return on Equity (4.1%) is considered low.
How is Enable Midstream Partners's financial position?
Financial Position Analysis
Short Term Liabilities: ENBL's short term assets ($374.0M) exceed its short term liabilities ($290.0M).
Long Term Liabilities: ENBL's short term assets ($374.0M) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: ENBL's debt to equity ratio (60%) is considered high.
Reducing Debt: ENBL's debt to equity ratio has increased from 35.1% to 60% over the past 5 years.
Debt Coverage: ENBL's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: ENBL's interest payments on its debt are well covered by EBIT (3.2x coverage).
What is Enable Midstream Partners's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ENBL's dividend (14.85%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: ENBL's dividend (14.85%) is in the top 25% of dividend payers in the US market (4.78%)
Stability and Growth of Payments
Stable Dividend: ENBL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ENBL has only been paying a dividend for 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (160.3%), ENBL's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ENBL's dividends in 3 years are forecast to be covered by earnings (89.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rod Sailor (62 yo)
Mr. Rodney J. Sailor, also known as Rod, has been the Chief Executive Officer and President of Enable GP, LLC, general partner of enable midstream partners, LP since January 1, 2016 and also been its Direc ...
CEO Compensation Analysis
Compensation vs Market: Rod's total compensation ($USD6.56M) is above average for companies of similar size in the US market ($USD4.53M).
Compensation vs Earnings: Rod's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive VP||4.75yrs||US$2.78m||0.048% |
|Executive VP & Chief Administrative Officer of Enable GP LLC||6yrs||US$1.80m||0.039% |
|Executive VP||1.17yrs||US$1.89m||0.039% |
|Senior VP||7.25yrs||no data||0.012% |
|Senior Director||no data||no data||no data|
|Senior Vice President of Corporate Development & Finance||2.75yrs||no data||no data|
|Senior Vice President of Field Operations of Enable GP||no data||no data||no data|
|VP, Deputy General Counsel & Secretary of Enable GP LLC||no data||no data||no data|
Experienced Management: ENBL's management team is considered experienced (4.8 years average tenure).
|Director of Enable GP||no data||no data||no data|
|Independent Director of Enable GP LLC||4.58yrs||US$183.12k||0.0057% |
|Director of Enable GP LLC||0.17yr||no data||no data|
|Chairman of the Board of Enable GP LLC||0.17yr||no data||no data|
|Independent Director of Enable GP LLC||5.58yrs||US$195.62k||0.022% |
|Director of Enable GP LLC||7.42yrs||no data||0.0048% |
|Independent Director of Enable GP LLC||6.58yrs||US$198.12k||0.0093% |
Experienced Board: ENBL's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Enable Midstream Partners, LP's company bio, employee growth, exchange listings and data sources
- Name: Enable Midstream Partners, LP
- Ticker: ENBL
- Exchange: NYSE
- Founded: 2013
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: US$2.003b
- Shares outstanding: 435.46m
- Website: https://www.enablemidstream.com
Number of Employees
- Enable Midstream Partners, LP
- One Leadership Square
- Suite 150
- Oklahoma City
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ENBL||NYSE (New York Stock Exchange)||Yes||Common Units||US||USD||Apr 2014|
|18E||DB (Deutsche Boerse AG)||Yes||Common Units||DE||EUR||Apr 2014|
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 an ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/31 00:53|
|End of Day Share Price||2020/10/30 00:00|
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.