EnLink Midstream, LLC (ENLC)

NYSE: ENLC · Real-Time Price · USD
14.09
+0.31 (2.25%)
Dec 20, 2024, 4:00 PM EST - Market closed
2.25%
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]

Sector Energy
Founded 2013
Employees 1,072
Stock Exchange NYSE
Ticker Symbol ENLC
Full Company Profile

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 Statements

Analyst 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.

Price Target
$15.4
(9.30% upside)
Analyst Consensus: Hold
Stock Forecasts

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 ...

Other symbols: OKE
24 days ago - Seeking Alpha

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.

Other symbols: OKE
26 days ago - WSJ

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.

Other symbols: OKE
26 days ago - Reuters

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...

Other symbols: OKE
26 days ago - PRNewsWire

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...

Other symbols: OKE
4 weeks ago - PRNewsWire

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.

Other symbols: OKE
5 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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...

Other symbols: OKE
7 weeks ago - PRNewsWire

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...

Other symbols: OKE
7 weeks ago - PRNewsWire

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 ...

2 months ago - PRNewsWire

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...

Other symbols: OKE
2 months ago - PRNewsWire

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...

Other symbols: OKE
2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

Other symbols: AMCAPLCQPDKLDTMENBEPD
2 months ago - Seeking Alpha

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...

Other symbols: EPDETMPLXPAAWES
2 months ago - GuruFocus

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...

3 months ago - PRNewsWire

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...

Other symbols: OKE
4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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. ...

4 months ago - PRNewsWire

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...

4 months ago - Seeking Alpha

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...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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...

6 months ago - Seeking Alpha

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...

8 months ago - Seeking Alpha