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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Let's see if EnLink (ENLC) stock is a good choice for value-oriented investors right now from multiple angles.

Is EnLink (ENLC) a Worthy Stock for Value Investors Now?

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As expected, EnLink outperformed in Q4, riding seasonal tailwinds to reach a net EBITDA of $1039MM for the year. Although the 2021 guidance disappointed with projects and recovery being delayed into 2022, the overall value of EnLink fundamentally hasn't changed.

EnLink: 2021 Guidance Shows Weakness Ahead

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DALLAS, Feb. 17, 2021 /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, 2020, with the Securities and Exchange Commission. A copy of the 10-K may be found on EnLink's website at...

EnLink Midstream Files 2020 Annual Report

Losses continue to mount in this midstream business.

Why Shares of EnLink Midstream Plunged 13.4% on Wednesday

EnLink Midstream, LLC (ENLC) CEO Barry Davis on Q4 2020 Results - Earnings Call Transcript

DALLAS, Feb. 16, 2021 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today reported financial results for the fourth quarter and full-year of 2020 and provided 2021 financial guidance. Highlights: Reported a net loss and positive net cash provided by operations for the fourth...

EnLink Midstream Reports Fourth Quarter and Full-Year 2020 Results, Provides 2021 Financial Guidance

ENLC's Q4 earnings will surprise to the upside. 2020 adjusted EBITDA net to ENLC will be well north of $1025, exceeding the top end of the adjusted guide.

EnLink To Outperform In Q4

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DALLAS, Jan. 19, 2021 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the fourth quarter of 2020, and further announced it will host a webcast and conference call on Wednesday, February 17, at 8 a.m. Central time to discuss its...

EnLink Midstream Declares Quarterly Distribution and Schedules Call to Discuss Fourth Quarter and Full-Year 2020 Earnings, along with 2021 Financial Guidance

EnLink Midstream may have reduced their distributions multiple times during 2020 but thankfully the situation is looking brighter in 2021. Thankfully their capital expenditure reductions have bared fruit with their distribution coverage now sitting at a strong level of almost 150%, which management indicates will continue into 2021.

EnLink Midstream: Distributions Looking Safer In 2021

DALLAS, Dec. 23, 2020 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced the appointment of two new directors to its Board of Directors, one from Global Infrastructure Partners (GIP) and one from TPG Capital (TPG). The new directors replace existing directors from...

EnLink Midstream Appoints Two New Directors to Board

DALLAS, Dec. 14, 2020 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced the pricing of $500.0 million aggregate principal amount of 5.625% senior notes due January 2028 (the Senior Notes) at a price of 100% of their face value. The Senior Notes will be fully and...

EnLink Midstream Announces Pricing of $500 Million of Senior Notes Due 2028

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Another vaccine update, another rally for energy stocks and midstream stocks. Midstream was green all week until taking a breather Friday.

Midstream Hosts Another Large Gathering

DALLAS, Nov. 16, 2020 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today that members of its senior management team are scheduled to meet with investors at the following upcoming virtual conferences: RBC Capital Markets Midstream and Energy Infrastructure...

EnLink Midstream to Participate in Investor Conferences

EnLink Midstream has been severely punished by the market due to two distribution cuts and the overall troubles facing the industry. The company has taken a number of steps that it needs to in order to preserve itself.

EnLink Midstream: This 12% Yielder Is Looking Attractive

EnLink Midstream's (ENLC) CEO Barry Davis on Q3 2020 Results - Earnings Call Transcript

The energy company continues to pleasantly surprise investors.

Why Units of EnLink Midstream Are Surging Today

DALLAS, Nov. 4, 2020 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) reported financial results for the third quarter of 2020 and announced a $100 million common unit repurchase program. Highlights Reported net income of $39.2 million and net cash provided by operating...

EnLink Midstream Reports Third Quarter 2020 Results and Announces $100 Million Common Unit Repurchase Program

This master limited partnership (MLP) continues to make progress on its financial improvement plan.

Why Units of EnLink Midstream Are Soaring Today

DALLAS, Oct. 22, 2020 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced that one of its subsidiaries has entered into an agreement with PNC Bank for a three-year $250 million accounts receivable financing facility ("the Facility"). Proceeds from the Facility are...

EnLink Midstream Enhances Financial Flexibility with New Accounts Receivable Securitization Facility

DALLAS, Oct. 19, 2020 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced that its Board of Directors declared a cash distribution of $0.09375 per common unit for the third quarter of 2020, which is unchanged from the second quarter 2020 distribution. The third...

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