uploads///hedging position

A Look at Enable Midstream Partners’ 2017 Hedging Position


Nov. 22 2016, Updated 10:04 a.m. ET

Enable Midstream’s hedging position

Enable Midstream Partners (ENBL) is exposed to natural gas and NGL (natural gas liquids) prices through its natural gas processing business. Having said that, hedging is an important metric to look at when you analyze ENBL’s risk and performance. ENBL has hedged 66.0%, 45.0%, and 51.0% of its 2017 natural gas, crude oil, and propane exposure, respectively.

Enable Midstream Partners believes that a 10.0% rise or fall in natural and ethane prices could impact its 2017 adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) by +/- $5.0 million. It believes that a 10.0% rise or fall in NGLs (excluding ethane) and condensate prices would result in a +/- $6.0 million change.

Article continues below advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.