EnLink Midstream

EnLink Midstream LLC engages in transmission, processing and marketing of natural gas and crude oil. It operates through the following segments: Permian, North Texas, Oklahoma, Louisiana, and Corporate. The Permian segment includes natural gas gathering, processing, and transmission activities and crude oil operations in the Midland and Delaware Basins in West Texas and Eastern New Mexico and crude operations in South Texas. The North Texas segment includes natural gas gathering, processing, and transmission activities in North Texas. The Oklahoma segment includes natural gas gathering, processing, and transmission activities, and crude oil operations in the Cana-Woodford, Arkoma-Woodford, northern Oklahoma Woodford, STACK, and CNOW shale areas. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets located in Louisiana and crude oil operations in ORV. The Corporate segment includes investments in the Cedar Cove JV in Oklahoma, ownership interest in GCF in South Texas, derivative activity, and general corporate assets and expenses. The company was founded in October 2013 and is headquartered in Dallas, TX.

Earnings data Q1 2021

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Earnings data Q2 2024

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Earnings data Q4 2024

EnLink Midstream reports record earnings, eyes growth in CCS market

EnLink Midstream delivered robust financial results in 2022, with a positive outlook for 2023. The company's focus on high-return projects, balance sheet strength, and strategic investments position it well for future growth.

EnLink Midstream reports resilient Q1 performance amidst operational challenges

EnLink Midstream's Q1 2023 performance showcased resilience and adaptability in the face of challenges, with segment profits reflecting growth and strategic focus.
Despite external factors impacting operations, EnLink's commitment to high-return projects, emission reduction, and financial strength underpins its sustainable growth trajectory.
The company's outlook for 2023 and beyond remains optimistic, emphasizing growth prospects, sustainability initiatives, and value creation for stakeholders.

EnLink Midstream exceeds Q2 earnings, poised for sustainable growth

EnLink Midstream delivered solid financial performance, showcasing growth and sustainability initiatives. With a strong financial position and strategic partnerships, they are well-positioned for future opportunities.

EnLink Midstream reports robust Q3 earnings, eyes global gas demand

EnLink Midstream's Q3 performance reflects resilience and strategic focus on sustainable energy solutions.
Balancing operational efficiency, growth initiatives, and shareholder returns are key priorities for EnLink.
The company's commitment to EBITDA guidance, unit repurchases, and sustainability underscores a solid foundation for future growth.

EnLink Midstream reports solid Q4 results and focuses on growth

EnLink Midstream's Q4 2023 performance reflects steady growth in adjusted EBITDA and free cash flow, supported by strategic capital allocation and operational efficiency.
Despite facing challenges from potential impacts of asset sales and contract resets, EnLink remains focused on shareholder value, sustainable growth, and energy transition initiatives.
The company's strong performance in key segments, coupled with a commitment to returning capital to investors and pursuing growth opportunities, positions EnLink for continued success in 2024.

EnLink Midstream reports robust Q1 performance and growth opportunities

ENLC's Q1 2024 earnings call highlighted strong financial performance, strategic confidence, and operational efficiencies. The company is on track to meet adjusted EBITDA guidance for 2024, emphasizing shareholder value and growth opportunities.

EnLink Midstream reports robust Q2 performance and explores growth opportunities

EnLink Midstream's Q2 2024 performance reflects operational strength, financial discipline, and strategic partnerships driving growth across key segments.
While challenges like reassessing the CCS project and market uncertainties exist, EnLink's focus on opportunities in Louisiana and operational efficiency bode well for future prospects.
Overall, EnLink's performance, strengths, and proactive approach to challenges position the company for sustainable growth and value creation in the midstream sector.

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EnLink Midstream LLC engages in transmission, processing and marketing of natural gas and crude oil. It operates through the following segments: Permian, Louisiana, Oklahoma, North Texas, and Corporate. The Permian segment includes natural gas gathering, processing, and transmission activities and crude oil operations in the Midland and Delaware Basins in West Texas and Eastern New Mexico and crude operations in South Texas. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets located in Louisiana and crude oil operations in ORV. The Oklahoma segment includes natural gas gathering, processing, and transmission activities, and crude oil operations in the Cana-Woodford, Arkoma-Woodford, northern Oklahoma Woodford, STACK, and CNOW shale areas. The North Texas segment includes natural gas gathering, processing, and transmission activities in North Texas. The Corporate segment includes investments in the Cedar Cove JV in Oklahoma, ownership interest in GCF in South Texas, derivative activity, and general corporate assets and expenses. The company was founded in October 2013 and is headquartered in Dallas, TX.

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 Dilanka Seimon - Executive Vice President & Chief Commercial Officer Ben Lamb - Executive Vice President & Chief Financial Officer Conference Call Participants Spiro Dounis - Citi Praneeth Satish - Wells Fargo Naomi Marfatia - UBS Jeremy Tonet - JPMorgan Elvira Scotto - RBC Capital Markets Wade Suki - Capital One Harry Mateer - Barclays Operator Greetings, and welcome to the EnLink Midstream Q1 2024 earnings call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.

EnLink Midstream, LLC (ENLC) Q1 2024 Earnings Call Transcript

EnLink Midstream (ENLC) came out with quarterly earnings of $0.14 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.12 per share a year ago.

EnLink Midstream (ENLC) Q1 Earnings Meet Estimates

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 net cash provided by operating activities of $293.3 million for the first quarter of 2024.

EnLink Midstream Reports First Quarter 2024 Results

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 conference call on Wednesday, May 1, at 8 a.m. Central time to discuss its first quarter 2024 earnings.

EnLink Midstream Declares Quarterly Distribution and Schedules Call to Discuss First Quarter 2024 Earnings

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, LLC (“EnLink”), a company that develops and operates midstream energy infrastructure assets and is a first mover in carbon dioxide transportation, and Kraton Corporation (“Kraton”), a DL Chemical Group company and a leading global sustainable producer of specialty polymers and high-value biobased.

Engineering Tomorrow Receives Support From Growing Number of Corporate Partners

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

EnLink Midstream: Bullish Thesis Still Intact

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 Securities and Exchange Commission. A copy of the 10-K may be found on EnLink's Investors website at http://investors.enlink.com by clicking "SEC Filings" and then "Annual Reports.

EnLink Midstream Files 2023 Annual Report

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

Although the revenue and EPS for EnLink Midstream (ENLC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

EnLink Midstream (ENLC) Reports Q4 Earnings: What Key Metrics Have to Say

EnLink Midstream (ENLC) came out with quarterly earnings of $0.14 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.33 per share a year ago.

EnLink Midstream (ENLC) Q4 Earnings Meet Estimates

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 capture and sequestration (CCS) efforts beyond the southeast Louisiana Mississippi River Corridor into several additional Gulf Coast areas. According to the U.S. Environmental Protection Agency, the Gulf Coast contains one of the highest concentrations of industrial carbon dioxide (CO2) emissions in the United States, with over 215 million metric tonnes per year (Mtpa) generated today in and around the Houston Ship Channel, the Mississippi River Corridor, Lake Charles and southwest Louisiana, and the Port Arthur and Beaumont, Texas, areas combined.

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) today reported financial results for the fourth quarter and full-year 2023 and provided 2024 financial guidance. Highlights Reported net income of $100.1 million and $350.0 million for the fourth quarter of 2023 and full-year 2023, respectively, and net cash provided by operations of $360.7 million and $1.22 billion for the fourth quarter and full-year 2023, respectively.

EnLink Midstream Reports Fourth Quarter and Full-Year 2023 Results, Provides 2024 Financial Guidance

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Occidental beat out Chevron on an acquisition, and Chevron proved to be the more reliable dividend stock. EnLink is working to capture the same potentially massive opportunity as Occidental Petroleum.

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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 today that the EnLink Board of Directors (Board) completed its expanded 2023 common unit repurchase authorization of $250 million, authorized a 2024 common unit repurchase plan, increased its quarterly distribution for the fourth quarter of 2023 by approximately 6%, and updated EnLink's financial policy to reflect a long-term leverage target of 3.5x debt-to-EBITDA. EnLink also announced it will host a webcast and conference call on Wednesday, February 21, at 8 a.m.

EnLink Midstream Expands Common Unit Repurchase Authorization, Increases Quarterly Distribution, and Updates Financial Policy

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Exxon recently spent nearly $5 billion to bulk up its carbon dioxide infrastructure capabilities. EnLink Midstream believes carbon transportation could boost its earnings by 25% with minimal capital investment.

These Companies Are Racing to Capture This Multitrillion-Dollar Opportunity

DENVER , Nov. 13, 2023 /PRNewswire/ -- BKV Corporation (BKV) and EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today the initial injection of carbon dioxide (CO2) waste generated from EnLink's Bridgeport natural gas processing plant, and neighboring operations, at BKV's Barnett Zero carbon capture and sequestration (CCS) facility, marking a major step toward reducing CO2 emissions associated with BKV's natural gas production in north Texas' Barnett Shale. Barnett Zero is one of the first purpose-drilled, Class II commercial carbon sequestration well injecting CO2 waste from natural gas processing plants in the United States, and with the initial injection, BKV and EnLink will be among the first energy companies to have commercial carbon capture and sequestration operations in the nation.

BKV and EnLink Midstream Commence First Carbon Capture and Sequestration Project in the Barnett Shale

EnLink Midstream, LLC (ENLC) Q3 2023 Earnings Call Transcript

The headline numbers for EnLink Midstream (ENLC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About EnLink Midstream (ENLC) Q3 Earnings

DALLAS , Oct. 31, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) reported financial results for the third quarter of 2023. Highlights Reported net income of $65.8 million and net cash provided by operating activities of $274.2 million for the third quarter of 2023.

EnLink Midstream Reports Third Quarter 2023 Results

DALLAS , Oct. 17, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the third quarter of 2023 and announced it will host a webcast and conference call on Wednesday, November 1, at 8 a.m. Central time to discuss its third quarter 2023 earnings.

EnLink Midstream Declares Quarterly Distribution and Schedules Call to Discuss Third Quarter 2023 Earnings

EnLink's stock has entered a long-term trading range between $8.50 and $13.50 per unit. The company plans to invest $1.5 billion in CCUS projects over the next 7 years to meet growing demand. EnLink has signed a transportation service agreement with Exxon Mobil to move CO2 captured from CF Industries and Nucor Steel to a sequestration site in Louisiana.

EnLink Midstream Grows Their CCS Division

EnLink Midstream operates in hydrocarbon-rich basins in the south central US, including the Anadarko and Permian basins. The company's low yield of 4.00% is a drawback compared to its peers in the midstream sector. EnLink Midstream's growth potential lies in its carbon capture and storage technology, which has driven its strong market performance.

EnLink Midstream: Low Yield, But Some Growth In CCS Business

DALLAS , Aug. 11, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today that it has named Dilanka Seimon as Executive Vice President and Chief Commercial Officer (CCO). Seimon joins EnLink on Tuesday, August 15.

News for EnLink Midstream Stock (ENLC)