Dallas-based EnLink Midstream Partners LP is joining the wave of midstream companies aiming to ease some of the infrastructure constraints along the Gulf Coast, including one project to expand takeaway capacity from the Mont Belvieu natural gas liquids (NGL) hub near Houston.

The operator on Wednesday outlined plans for Cajun-Sibon III, a project designed to expand takeaway from Mont Belvieu to its fractionation facilities in Louisiana by about 185,000 b/d. The $50 million project would join the recently completed expansion project of EnLink’s fractionation capacity in Louisiana, which boosted capacity to 193,000 b/d.

The two projects combine to unlock the ability to fractionate 30,000-35,000 b/d of incremental NGLs once Cajun-Sibon III is operational, which is expected during the second quarter of 2019.

“Volumes produced from our core positions in Oklahoma, North Texas and the Permian Basin have given us a great opportunity to expand our NGL footprint due to the increased number of barrels coming out of those basins,” CEO Mike Garberding said Wednesday during the company’s third quarter earnings call.

Indeed, EnLink has connected 520 wells to its asset platform during the first 10 months of the year, with 80 more wells expected by year-end.

The operator is also evaluating the next leg of its NGL expansion, which could include building a fractionation facility in Louisiana or participating in a joint venture (JV) in Texas. In Louisiana, the midstreamer is considering converting existing natural gas pipelines into NGL service to feed a new large-scale fractionation complex.

“We believe we have a strategic advantage to execute a project like this given our growing NGL supply position and franchise position in the heart of the Louisiana demand market,” Garberding said. The Cajun-Sibon III announcement “was just a start of what we want to accomplish.”

EnLink also signed a new long-term, fee-based natural gas gathering and processing contract in the Delaware sub-basin of the Permian underpinned by acreage dedications with an undisclosed producer, management said.

Given strong producer activity in its footprint, the midstream company expects to meet the high end of its 2018 guidance range and increase its distributable cash flow (DCF) and distribution coverage ranges. Full-year 2018 DCF guidance has been increased to $700-730 million from $680-710 million.

In addition, the company expects DCF/unit to achieve at least a 10% compound annual growth rate from 2019-2021 because of a simplification transaction announced in October to purchase all affiliate units in an all-stock transaction. The deal is expected to close during the first quarter of 2019.

“Overall, we love how the business is performing, how our team is focused on executing on our seven growth strategies and how our long-term business outlook is focused on creating strong stakeholder value, Garberding said.

Net income was $43.2 million (1 cent/share) for the third quarter of 2018, compared with net income of $25.5 million (minus 2 cents) for the third quarter of 2017.

EnLink also reaffirmed its full-year 2018 net income guidance of $329-369 million.

Reported net cash provided by operating activities of $113.1 million for the quarter, compared with $200.8 million for 3Q2017. DCF attributable to common units was $186.6 million in 3Q2018, compared with $150.1 million for the year-ago period.

The midstream affiliate reported net income of $7.7 million (4 cents/share) for 3Q2018, compared with net income of $6.2 million (3 cents) for 3Q2017. It has reaffirmed its full-year 2018 net income guidance of $285-343 million.

Cash available for distribution totaled $58.1 million during the quarter, versus $54.8 million for the year-ago period. It also reaffirmed its cash available for distribution guidance of $230-240 million.