EnLink Midstream, LLC (ENLC)
Market Cap | 6.77B |
Revenue (ttm) | 6.83B |
Net Income (ttm) | 146.70M |
Shares Out | 459.37M |
EPS (ttm) | 0.30 |
PE Ratio | 49.04 |
Forward PE | 21.34 |
Dividend | $0.53 (3.60%) |
Ex-Dividend Date | Nov 1, 2024 |
Volume | 473,823 |
Open | 14.65 |
Previous Close | 14.65 |
Day's Range | 14.62 - 14.78 |
52-Week Range | 11.53 - 14.84 |
Beta | 2.34 |
Analysts | Buy |
Price Target | 15.44 (+4.75%) |
Earnings Date | Nov 6, 2024 |
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 9 analysts, the average rating for ENLC stock is "Buy." The 12-month stock price forecast is $15.44, which is an increase of 4.75% from the latest price.
News
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...
EnLink Midstream Reports First Quarter 2024 Results
DALLAS , April 30, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today reported financial results for the first quarter of 2024. Highlights Reported net income of $50.0 million and ...
EnLink Midstream Declares Quarterly Distribution and Schedules Call to Discuss First Quarter 2024 Earnings
DALLAS , April 11, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the first quarter of 2024 and announced it will host a webcast and conf...
Engineering Tomorrow Receives Support From Growing Number of Corporate Partners
NEW YORK--(BUSINESS WIRE)--Engineering Tomorrow, a public charity dedicated to inspiring high school students to pursue a path in engineering, today announced corporate donations from EnLink Midstream...
EnLink Midstream: Bullish Thesis Still Intact
EnLink Midstream reported year-end numbers in line with expectations, with adjusted EBITDA rising to $1350MM for 2023.
EnLink Midstream Files 2023 Annual Report
DALLAS , Feb. 21, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced the filing of its Annual Report on Form 10-K for the fiscal year ending December 31, 2023, with the S...
EnLink Midstream, LLC (ENLC) Q4 2023 Earnings Call Transcript
EnLink Midstream, LLC (ENLC) Q4 2023 Earnings Call Transcript
EnLink Midstream Exploring Additional Carbon Transportation Opportunities with ExxonMobil to Reduce Emissions in the Gulf Coast
DALLAS , Feb. 20, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today that ExxonMobil and EnLink are exploring opportunities for EnLink to support ExxonMobil's carbon capt...
EnLink Midstream Reports Fourth Quarter and Full-Year 2023 Results, Provides 2024 Financial Guidance
DALLAS , Feb. 20, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today reported financial results for the fourth quarter and full-year 2023 and provided 2024 financial guidance. High...
EnLink Midstream Expands Common Unit Repurchase Authorization, Increases Quarterly Distribution, and Updates Financial Policy
The company also schedules webcast and call to discuss quarterly and year-end earnings and 2024 guidance DALLAS , Jan. 16, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced to...