Enable Midstream Partners LP
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ENBL Enable Midstream Partners LP
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Energy : Oil, Gas & Consumable Fuels | Small Cap Value
Company profile

Enable Midstream Partners LP owns, operates and develops midstream energy infrastructure assets strategically located to serve its customers. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. Its gathering and processing segment primarily provides natural gas and crude oil gathering and natural gas processing services to its producer customers. Its transportation and storage segment provides interstate and intrastate natural gas pipeline transportation and storage services primarily to its producer, power plant, Local distribution company (LDC) and industrial end user customers. As of December 31, 2016, the Company owned and operated natural gas and crude oil gathering and natural gas processing assets in five states. As of December 31, 2016, the Company owned and operated interstate and intrastate transportation and storage systems across nine states.

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Clorox shares jump premarket after earnings beat as coronavirus boosts demand for disinfecting products

6:46 am ET May 1, 2020 (MarketWatch)

Clorox Co. shares (CLX) soared 3.5% in premarket trade Friday, after the maker of cleaning and household products blew past earnings estimates for its latest quarter, boosted by demand for disinfecting and other cleaning products during the coronavirus pandemic. The company posted net income of $241 million, or $1.89 a share, for its fiscal third quarter to March 31, up from $187 million, or $1.44 a share, in the year-earlier period. Sales rose to $1.783 billion from $1.551 billion. The FactSet consensus was for EPS of $1.67 and sales of $1.707 billion. "Beyond the extraordinary growth in our disinfecting products, we saw broad-based growth across all four segments as our portfolio is uniquely positioned to serve consumers in this unprecedented time," Chief Executive Benno Dorer said in a statement. Sales of cleaning and laundry products rose 32%, while pretax earnings rose 71%, said Dorer. Sales at the household segment, including bags and wraps and cat litter, rose 2% while pretax earnings rose 15%. Sales at the lifestyle segment, including water filtration and food, rose 10%, while pretax earnings rose 29%. And international sales rose 11%, while pretax earnings rose 50%. The company is expecting its fiscal 2020 sales to grow 4% to 6% and for EPS to range from $6.70 to $6.90. Shares have gained 21% in the year to date, while the S&P 500 has fallen 10%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 01, 2020 06:46 ET (10:46 GMT)

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