Enable Midstream Partners Q1 Profit Down - Quick Facts

(RTTNews) - Enable Midstream Partners LP (ENBL) reported that its net income attributable to the partnership for first quarter 2015 was $91 million, a decrease of $58 million, or 39 percent, compared to $149 million for first quarter 2014.

Adjusted EBITDA for first quarter 2015 was $204 million, a decrease of $24 million, or 11 percent, compared to $228 million for first quarter 2014.

Distributable cash flow or DCF for first quarter 2015 was $143 million, a decrease of $40 million, or 22 percent, compared to $183 million for first quarter 2014.

The decrease in net income attributable to the partnership, adjusted EBITDA and DCF is primarily a result of lower gross margin due to lower commodity prices.

Revenues for the quarter declined to $616 million from $1.002 billion in the prior year.