Enable Midstream Partners, LP: insider trades · United States · SEC (Form 4)

About Enable Midstream Partners, LP

Enable Midstream Partners, LP (ticker: ENBL) was a U.S.-listed midstream energy partnership that traded on the NYSE in the United States. It was formed in May 2013 by CenterPoint Energy, OGE Energy and ArcLight to own, operate and develop midstream infrastructure assets, and it completed its IPO in April 2014. For equity investors, the key point is that Enable is no longer an active listed name: its common units ceased trading on December 3, 2021 after Energy Transfer completed the acquisition of Enable on December 2, 2021. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1591763/000159176319000006/enbl201810-k.htm?utm_source=openai)) Before the merger, Enable’s business model was centered on two reportable segments: gathering and processing, and transportation and storage. The gathering and processing segment provided natural gas gathering and processing services to producer customers, and also handled crude oil, condensate and produced water gathering for producer and refiner customers. The transportation and storage segment operated interstate and intrastate natural gas pipelines and storage assets, serving producers, power plants, local distribution companies and industrial end users. This made Enable a classic fee-based midstream platform rather than a pure commodity-price play. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1591763/000159176319000006/enbl201810-k.htm?utm_source=openai)) Enable’s asset footprint was concentrated in the central U.S. and key producing basins. At the time of the acquisition, the company had approximately 14,000 miles of gathering pipelines for natural gas, crude oil, condensate and produced water, about 2.6 Bcf/d of natural gas processing capacity, around 7,800 miles of interstate pipelines, roughly 2,200 miles of intrastate pipelines, and seven storage facilities with 84.5 billion cubic feet of storage capacity. Its core operating regions included Oklahoma, Arkansas, East Texas and North Louisiana, with exposure to the Anadarko, Arkoma and Haynesville areas. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1276187/000119312521347992/d199682dex991.htm)) From a competitive standpoint, Enable occupied a solid regional position within the North American midstream industry. Its competitive strengths were asset density, basin connectivity, and an integrated service set spanning gathering, processing, transportation and storage. In practical terms, that allowed the company to capture volumes across the value chain and to serve both upstream producers and downstream utility/industrial customers. The strategic appeal of these assets was confirmed by Energy Transfer’s decision to acquire the partnership and fold its network into a broader U.S. midstream platform. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1276187/000119312521347992/d199682dex991.htm)) The most important recent corporate event was the completion of the Energy Transfer merger, which ended Enable’s independent public-market life. Although this means there is no current NYSE/NASDAQ standalone trading story for ENBL, the company remains relevant for sector analysis because it illustrates how midstream scale, asset footprint and contract mix can make a partnership an attractive consolidation target in the United States energy infrastructure market. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1276187/000119312521347992/d199682dex991.htm))