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Enable Midstream Partners
Enable Midstream Partners, an Oklahoma City natural gas midstream MLP, was acquired by Energy Transfer LP in 2022 for $7.2 billion.
Enable Midstream Partners
Enable Midstream Partners was formed through the combination of natural gas assets from CenterPoint Energy and OGE Energy Corp. in 2013. The company went public on the New York Stock Exchange under the ticker ENBL and became a publicly traded master limited partnership (MLP). The underlying wealth originates from the utility and energy holdings of CenterPoint and OGE, which retained significant ownership stakes. Enable's strategy centers on fee-based gathering, processing, and transportation of natural gas, with operations primarily in Oklahoma, Texas, and Louisiana. The company reported total assets of approximately $10.5 billion as of its final filings before being acquired. Enable went private and was acquired by Energy Transfer LP in a deal valued at $7.2 billion, including debt, which closed in December 2022 (per SEC filings, November 2022). The transaction removed Enable as a standalone entity. Structurally, Enable functioned as a midstream MLP with a typical incentive distribution rights structure but shifted to a simpler corporate structure in 2018. Its asset base included roughly 11,000 miles of gathering pipelines and four major processing plants. No public successors or spin-offs are known. The firm's collapse into Energy Transfer ended its independent operational identity.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Oklahoma City
Corporate office
Oklahoma City, OK, United States
Sector focus
Frequently asked questions
Who controlled Enable Midstream Partners after its IPO?
Enable was initially majority-owned by CenterPoint Energy and OGE Energy Corp. following its 2013 formation as a master limited partnership. The two utilities retained significant governance influence through board representation and ownership stakes. After the acquisition by Energy Transfer LP in 2022, prior ownership structures dissolved.
What midstream assets did Enable own?
Enable operated an extensive natural gas pipeline network in the Anadarko and Ark-La-Tex basins, including over 11,000 miles of gathering pipelines and four major processing plants. Its assets focused on fee-based gathering, processing, and transportation services. The company reported total assets of approximately $10.5 billion in its final public filings.
Why did Enable go private?
Enable was acquired by Energy Transfer LP in 2022 to create synergies in midstream operations across overlapping regions. The all-stock deal valued Enable at $7.2 billion, including assumed debt (per SEC filings). Energy Transfer sought to consolidate pipeline networks in key basins and reduce overlapping overhead.
Is Enable Midstream Partners still an independent entity?
No. The firm ceased to exist as a standalone entity after the Energy Transfer acquisition closed in December 2022. It is no longer publicly traded and has been fully integrated into Energy Transfer's operations.
What was Enable's dividend or distribution policy?
Enable distributed cash to unitholders as a master limited partnership. It historically increased its distribution annually until 2020, when it paused growth due to market conditions. Final distributions were paid prior to the acquisition closure.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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