EnLink Midstream, LLC (ENLC)

NYSE: ENLC · Real-Time Price · USD
14.74
+0.09 (0.61%)
Oct 22, 2024, 4:00 PM EDT - Market closed
0.61%
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]

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 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.

Price Target
$15.44
(4.75% upside)
Analyst Consensus: Buy
Stock Forecasts

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 ...

14 hours 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
6 days 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
7 days 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...

8 days 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
18 days 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
20 days 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...

5 weeks 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
7 weeks 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...

2 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. ...

2 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...

2 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...

2 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...

2 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...

3 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...

4 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...

6 months ago - Seeking Alpha

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 ...

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

6 months ago - Business Wire

EnLink Midstream: Bullish Thesis Still Intact

EnLink Midstream reported year-end numbers in line with expectations, with adjusted EBITDA rising to $1350MM for 2023.

8 months ago - Seeking Alpha

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...

8 months ago - PRNewsWire

EnLink Midstream, LLC (ENLC) Q4 2023 Earnings Call Transcript

EnLink Midstream, LLC (ENLC) Q4 2023 Earnings Call Transcript

8 months ago - Seeking Alpha

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...

8 months ago - PRNewsWire

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...

8 months ago - PRNewsWire

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...

10 months ago - PRNewsWire