EnLink Midstream, LLC (ENLC)
Market Cap | 6.88B |
Revenue (ttm) | 6.65B |
Net Income (ttm) | 100.10M |
Shares Out | 488.54M |
EPS (ttm) | 0.22 |
PE Ratio | 63.90 |
Forward PE | 20.03 |
Dividend | $0.53 (3.78%) |
Ex-Dividend Date | Nov 1, 2024 |
Volume | 3,575,916 |
Open | 13.84 |
Previous Close | 13.78 |
Day's Range | 13.73 - 14.16 |
52-Week Range | 11.53 - 16.40 |
Beta | 2.36 |
Analysts | Hold |
Price Target | 15.40 (+9.3%) |
Earnings Date | Feb 18, 2025 |
About ENLC
EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services. In addition, the company’s midstream energ... [Read more]
Financial Performance
In 2023, EnLink Midstream, LLC's revenue was $6.88 billion, a decrease of -27.80% compared to the previous year's $9.53 billion. Earnings were $206.20 million, a decrease of -42.93%.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for ENLC stock is "Hold." The 12-month stock price forecast is $15.4, which is an increase of 9.30% from the latest price.
News
ONEOK Finishes The Job In Picking Up EnLink Midstream
ONEOK's stock dropped 5% after announcing a $4.3 billion all-stock acquisition of the remaining 57% of EnLink Midstream, a move anticipated by the market. Despite recent gains, ONEOK still warrants a ...
Oneok to Acquire EnLink Midstream in $4.3 Billion Stock Deal
Oneok shares will be used to acquire all of the outstanding publicly held units of EnLink Midstream for $4.3 billion.
Oneok to acquire remaining units of Enlink in $4.3 billion deal
Pipeline operator ONEOK said on Sunday it would acquire all of the remaining publicly held units of Enlink for $4.3 billion in ONEOK common stock.
ONEOK Announces Agreement to Acquire Remaining Publicly Held Common Units in EnLink Midstream in a Tax-Free Transaction
Consideration of 0.1412 shares of ONEOK common stock for each outstanding publicly held EnLink common unit TULSA, Okla. , Nov. 24, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and EnLink Mi...
ONEOK Foundation Donates $100,000 to Wildfire Disaster Relief Program
North Dakota Wildfire Devastates Approximately 126,000 Acres; ONEOK Foundation Contributes to Relief for Impacted Cattle Producers TULSA, Okla. , Nov. 19, 2024 /PRNewswire/ -- The ONEOK Foundation don...
ONEOK to Participate in BofA Securities Global Energy Conference
TULSA, Okla. , Nov. 12, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in the BofA Securities Global Energy Conference on Nov. 13, 2024, in Houston.
EnLink Midstream Reports Third Quarter 2024 Results
DALLAS , Nov. 6, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today reported financial results for the third quarter of 2024. Highlights Reported net income of $43.1 million and ne...
ONEOK Announces Closing of Medallion Midstream Acquisition
Completes Acquisition of the Largest Privately Held Crude Oil Gathering and Transportation System in the Permian's Midland Basin TULSA, Okla. , Oct. 31, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) to...
ONEOK Announces Higher Third Quarter 2024 Earnings; Increases 2024 Financial Guidance
Increases Financial Guidance for the Second Time in 2024 TULSA, Okla. , Oct. 29, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced higher third quarter 2024 results and provided 2024 financ...
EnLink Midstream Schedules Third Quarter 2024 Earnings Release Date
DALLAS , Oct. 22, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced that it will issue its third quarter earnings press release and post an investor presentation on its ...
ONEOK Declares Quarterly Dividend
TULSA, Okla. , Oct. 16, 2024 /PRNewswire/ -- The board of directors of ONEOK, Inc. (NYSE: OKE) today declared a quarterly dividend of 99 cents per share, unchanged from the previous quarter, resulting...
EnLink Midstream Announces Changes to Board of Directors
Changes reflect new ONEOK controlling interest DALLAS , Oct. 15, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced changes to the Board of Directors (Board) of EnLink M...
EnLink Midstream Declares Quarterly Distribution
DALLAS , Oct. 14, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the third quarter of 2024. EnLink's Board of Directors declared a cash d...
Midstream Energy - Relative Quality
Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of...
ALPS Advisors Inc. Expands Stake in EnLink Midstream LLC
On September 30, 2024, ALPS Advisors Inc., a prominent asset management firm, made a significant addition to its investment portfolio by acquiring 2,773,743 shares of EnLink Midstream LLC (ENLC, Finan...
EnLink Midstream Announces Redemption of Its 6.000% Series C Preferred Units
DALLAS , Sept. 17, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) ("ENLC") today announced that its subsidiary, EnLink Midstream Partners, LP ("ENLK"), gave the required notice pursuant to th...
ONEOK to Acquire Medallion and Controlling Interest in EnLink from Global Infrastructure Partners in Transactions Valued at $5.9 Billion
Establishes fully integrated Permian Basin platform at scale Expands and extends footprint in Mid-Continent, North Texas and Louisiana Delivers immediate accretion to EPS and FCF supporting capital al...
EnLink Midstream Announces Pricing of $500 million of Senior Notes Due 2034
DALLAS , Aug. 12, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (ENLC) today announced the pricing of $500.0 million aggregate principal amount of its 5.650% senior notes due 2034 at a price...
EnLink Midstream Announces Public Offering of Senior Notes
DALLAS , Aug. 12, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (ENLC) today announced its intention, subject to market conditions, to offer senior notes in an underwritten public offering. ...
EnLink Midstream, LLC (ENLC) Q2 2024 Earnings Call Transcript
EnLink Midstream, LLC (NYSE:ENLC) Q2 2024 Earnings Call August 7, 2024 9:00 AM ET Company Participants Brian Brungardt - Investor Relations Jesse Arenivas - President and Chief Executive Officer Dila...
EnLink Midstream Issues 2023 Sustainability Report
Announces achievement of methane emissions intensity target ahead of schedule DALLAS , Aug. 6, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today issued its 2023 Sustainability Rep...
EnLink Midstream Reports Second Quarter 2024 Results
DALLAS , Aug. 6, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today reported financial results for the second quarter of 2024. Highlights Reported net income of $67.0 million and n...
EnLink Midstream Declares Quarterly Distribution and Schedules Call to Discuss Second Quarter 2024 Earnings
DALLAS , July 23, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the second quarter of 2024 and announced it will host a webcast and conf...
EnLink Midstream: Getting Pulled Along By Data Centers And LNG Exports
EnLink is cheaply valued due to its assets in Tier-2 basins. These assets have spare capacity that will be consumed by natural gas consumption fueled by LNG exports and data centers. Being able to inc...
EnLink Midstream, LLC (ENLC) Q1 2024 Earnings Call Transcript
EnLink Midstream, LLC (NYSE:ENLC) Q1 2024 Earnings Conference Call May 1, 2024 9:00 AM ET Company Participants Brian Brungardt - Senior Director-Investors Jesse Arenivas - Chief Executive Officer Dil...