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 Q1 2023

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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 (ENLC) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.17 per share a year ago.

EnLink Midstream (ENLC) Surpasses Q2 Earnings Estimates

Digital report includes progress on emissions intensity reduction and overview of carbon transportation business DALLAS , Aug. 1, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today issued its 2022 Sustainability Report at http://sustainability.enlink.com. The digital report showcases EnLink's sustainability achievements during 2022, including progress on the company's emissions intensity reduction goals and its carbon dioxide (CO2) transportation business that will help reduce emissions across other industries.

EnLink Midstream Issues Fifth Annual Sustainability Report

DALLAS , Aug. 1, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) reported financial results for the second quarter of 2023. Highlights Reported net income of $89.9 million and net cash provided by operating activities of $315.7 million for the second quarter of 2023.

EnLink Midstream Reports Second Quarter 2023 Results

EnLink Midstream (ENLC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

EnLink Midstream (ENLC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

DALLAS , July 18, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the second quarter of 2023 and announced it will host a webcast and conference call on Wednesday, August 2, at 8 a.m. Central time to discuss its second quarter 2023 earnings.

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

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EnLink Could generate an additional $300 million of income from carbon capture solutions by 2030. It's one of several pipeline companies working on projects to capture the potentially massive opportunity.

These High-Yield Dividend Stocks Are Capturing a Potentially Massive Growth Driver for 2030

EnLink's EBITDA growth is dependent on finding enough projects or acquisitions that meet their investment threshold, with potential growth in the LNG export market. The massive LNG buildout in the US will have profound implications for Enlink and other midstream companies, with the potential for increased firm transportation fees and storage capacity expansion. ENLC's future looks bright with a recommendation to buy in the $9-10/unit price range, as their assets in Louisiana, Oklahoma, and the Barnett region will benefit from the increased demand for natural gas.

EnLink Midstream: Riding The Wave Of LNG Export Growth

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Energy midstream companies will produce a lot more excess free cash over the next five years. That will give them more money to return to investors via even higher dividends and share repurchases.

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Enbridge has growth projects under development to drive growth through 2030. EnLink is looking to capitalize on the potentially massive carbon capture and sequestration opportunity.

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Volume growth across EnLink's assets was strong in Q1, but some of their assets suffered due to the lower commodity price environment. Macro themes in the US natural gas market are reducing rig activity in marginal plays. However, EnLink has so far avoided any major impacts.

EnLink Is A Steal At Sub $9

EnLink Midstream, LLC (NYSE:ENLC ) Q1 2023 Earnings Conference Call May 3, 2023 8:00 AM ET Company Participants Brian Brungardt - Director, IR Jesse Arenivas - CEO Ben Lamb - EVP & CFO Walter Pinto - EVP & COO Conference Call Participants TJ Schultz - RBC Capital Spiro Dounis - Citi Jeremy Tonet - JPMorgan Praneeth Satish - Wells Fargo Operator Greetings. Welcome to the EnLink Midstream First Quarter 2023 Earnings Conference Call and Webcast.

EnLink Midstream, LLC (ENLC) Q1 2023 Earnings Call Transcript

EnLink Midstream (ENLC) came out with quarterly earnings of $0.12 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.07 per share a year ago.

EnLink Midstream (ENLC) Meets Q1 Earnings Estimates

DALLAS , May 2, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) reported financial results for the first quarter of 2023. Highlights Reported net income of $94.2 million and net cash provided by operating activities of $272.1 million for the first quarter of 2023.

EnLink Midstream Reports First Quarter 2023 Results

EnLink Midstream, LLC is a rather unknown and underfollowed midstream company with significant forward growth potential. The company enjoys remarkably stable cash flows that are resistant to economic fluctuations and tend to grow with time.

EnLink Midstream: Not The Best Yield, But Still Worth Buying For Growth

DALLAS , April 18, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the first quarter of 2023 and announced it will host a webcast and conference call on Wednesday, May 3, at 8 a.m. Central time to discuss its first quarter 2023 earnings.

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

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Clearway Energy has already locked up lots of power to keep growing its dividend. EnLink Midstream is working to capture a potentially massive long-term growth opportunity.

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The energy sector gained 6.3% in response to surging oil prices and improving oil-market fundamentals. Oilfield services was the best-performing energy sub-sector.

Energy Income Weekly: Improving Oil Market Fundamentals To Drive Energy Outperformance

DALLAS , March 30, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced the pricing of its offering of $300.0 million aggregate principal amount of its 6.500% senior notes due 2030 (the Additional Notes) at a price of 99.000% of their face value. The sale of the Additional Notes is expected to close on April 3, 2023, subject to customary conditions.

EnLink Midstream Announces Pricing of Offering of $300.0 Million of Additional Senior Notes Due 2030

DALLAS , March 30, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced its intention, subject to market conditions, to commence an offering of $300.0 million aggregate principal amount of its 6.500% senior notes due 2030 (the Additional Notes). The Additional Notes are being offered as an additional issue of EnLink's existing $700.0 million aggregate principal amount of 6.500% senior notes due 2030 that EnLink issued on August 31, 2022 (the Initial Notes).

EnLink Midstream Announces Proposed Offering of Additional Senior Notes Due 2030

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Given the current uncertainty, I believe high-quality, favorably valued, and low-risk investments warrant increased attention. Some midstream energy companies boast durable revenue, profitability, and well-supported high dividend yields.

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Public and private producers are parting ways in the Permian Basin. Led by Exxon Mobil, public companies have been steadily adding rigs in.

Midstream Caught In Middle Of Permian Producer Split

DALLAS , March 15, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) today announced that Matthew C. Harris, a Founding Partner of Global Infrastructure Partners (GIP), will be appointed as Chairman of its Board of Directors (Board).

EnLink Midstream Announces Changes to Its Board of Directors

EnLink reported record profits in 2022, up 22% YoY led by massive growth in the Permian and higher natural gas prices. EBITDA will grow to $1355MM in 2023, but much of that growth will be consumed by higher expenses.

EnLink: Buy The Dip

EnLink Midstream, LLC recently lifted their dividend circa 11% higher. They also posted impressive cash flow performance during 2022 that built upon their already very strong results from 2021.

EnLink Midstream: Buy Their 4% Yield, Line Up A Potential 8%+

DALLAS , Feb. 15, 2023 /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, 2022, 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.

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