EnLink Midstream, LLC provides midstream energy services in the United States. It operates through Permian, North Texas, Oklahoma, Louisiana, and Corporate segments. The company 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. Its midstream energy asset network includes approximately 11,900 miles of pipelines; 22 natural gas processing plants; 7 fractionators; barge and rail terminals; product storage facilities; brine disposal wells; and a crude oil trucking fleet. The company was incorporated in 2013 and is based in Dallas, Texas.
IPO Year:
Exchange: NYSE
Website: enlink.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2024 | Outperform → Mkt Perform | Raymond James | |
| 10/31/2024 | $15.00 | Neutral | Mizuho |
| 9/30/2024 | $16.00 | Buy → Neutral | UBS |
| 9/16/2024 | $16.00 | Overweight → Equal-Weight | Morgan Stanley |
| 9/3/2024 | $16.00 | Overweight → Equal Weight | CapitalOne |
| 8/30/2024 | $15.00 | Buy → Hold | Stifel |
| 8/30/2024 | $16.00 → $15.00 | Overweight → Equal Weight | Wells Fargo |
| 8/16/2024 | $15.00 | Hold → Buy | Tudor, Pickering, Holt & Co. |
| 7/8/2024 | $13.00 → $17.00 | Equal Weight → Overweight | Wells Fargo |
| 4/16/2024 | $13.00 → $16.00 | Buy | Citigroup |
Raymond James downgraded EnLink Midstream from Outperform to Mkt Perform
Mizuho resumed coverage of EnLink Midstream with a rating of Neutral and set a new price target of $15.00
UBS downgraded EnLink Midstream from Buy to Neutral and set a new price target of $16.00
Morgan Stanley downgraded EnLink Midstream from Overweight to Equal-Weight and set a new price target of $16.00
CapitalOne downgraded EnLink Midstream from Overweight to Equal Weight and set a new price target of $16.00
Stifel downgraded EnLink Midstream from Buy to Hold and set a new price target of $15.00
Wells Fargo downgraded EnLink Midstream from Overweight to Equal Weight and set a new price target of $15.00 from $16.00 previously
Tudor, Pickering, Holt & Co. upgraded EnLink Midstream from Hold to Buy and set a new price target of $15.00
Wells Fargo upgraded EnLink Midstream from Equal Weight to Overweight and set a new price target of $17.00 from $13.00 previously
Citigroup reiterated coverage of EnLink Midstream with a rating of Buy and set a new price target of $16.00 from $13.00 previously
Assets to be Sold Include Guardian, Midwestern and Viking Gas Transmission TULSA, Okla., Nov. 19, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) ("ONEOK") today announced that it has executed a definitive agreement with DT Midstream, Inc. (NYSE:DTM) ("DT Midstream") under which ONEOK will sell its three wholly owned interstate natural gas pipeline systems for a total cash consideration of $1.2 billion subject to customary adjustments. Based on Federal Energy Regulatory Commission (FERC) filings, the purchase price represents 10.8 times previous 12 months EBITDA as of June 30, 2024. The transaction, unanimously approved by the boards of directors of both ONEOK and DT Midstream, is expected to c
TULSA, Okla., Nov. 12, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) will participate in the BofA Securities Global Energy Conference on Nov. 13, 2024, in Houston. Members of ONEOK's management team will participate in a fireside chat session at 2:20 p.m. Eastern Time (1:20 p.m. Central Time) on Wednesday, Nov. 13. The session will be webcast live on ONEOK's website at www.oneok.com. The webcast will also be available for replay. ONEOK's latest investor materials are available at www.oneok.com. At ONEOK (NYSE:OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation and stor
DALLAS, Nov. 6, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE:ENLC) (EnLink) today reported financial results for the third quarter of 2024. Highlights Reported net income of $43.1 million and net cash provided by operating activities of $260.1 million for the third quarter of 2024.Generated adjusted EBITDA, net to EnLink, of $345.0 million for the third quarter of 2024.Delivered $122.4 million of free cash flow after distributions (FCFAD) for the third quarter of 2024.Repurchased approximately $45.4 million[1] of common units in the third quarter of 2024. EnLink has repurc
Completes Acquisition of the Largest Privately Held Crude Oil Gathering and Transportation System in the Permian's Midland Basin TULSA, Okla., Oct. 31, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) today announced the successful completion of its acquisition of Medallion Midstream (Medallion) from Global Infrastructure Partners, for a total cash consideration of approximately $2.6 billion. "With the acquisition of Medallion, the largest privately held crude gathering and transportation system in the Permian's Midland Basin, we continue our demonstrated track record of intentional and disciplined growth," said Pierce H. Norton II, ONEOK president and chief executive officer. "This acquisition
Increases Financial Guidance for the Second Time in 2024 TULSA, Okla., Oct. 29, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) today announced higher third quarter 2024 results and provided 2024 financial guidance on a consolidated basis that includes contributions from EnLink Midstream (EnLink) and the pending Medallion Midstream (Medallion) acquisition. ONEOK also increased its 2024 financial guidance on a stand-alone basis to be comparable with the previous guidance provided on April 30, 2024. Third Quarter 2024 Results, Compared With Third Quarter 2023: Net income of $693 million, resulting in $1.18 per diluted share.Adjusted EBITDA of $1.55 billion.7% increase in Rocky Mountain region NGL
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 website at Investors.EnLink.com after market close on Wednesday, November 6, 2024. The company will not hold a conference call. All dates and times are subject to change. About EnLink MidstreamHeadquartered in Dallas, EnLink Midstream (NYSE:ENLC) provides integrated midstream infrastructure services for natural gas, crude oil, condensate, and NGLs, as well as CO2 transportation fo
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 in an annualized dividend of $3.96 per share. The dividend is payable Nov. 14, 2024, to shareholders of record at the close of business Nov. 1, 2024. At ONEOK (NYSE:OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation and storage services. Through our more than 50,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crud
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 Midstream Manager, LLC, the managing member of ENLC (EnLink Manager), following the October 15, 2024, closing of the transaction in which ONEOK, Inc. (NYSE:OKE) (ONEOK) acquired Global Infrastructure Partner's (GIP) entire 43% equity interest in ENLC and all of GIP's interest in EnLink Manager. As a result of acquiring EnLink Manager, ONEOK appointed three directors to the Board who
Announces Expiration of HSR Act Waiting Period Acquisition Expands and Extends Asset Positions in the Permian Basin, Mid-Continent, North Texas and Louisiana TULSA, Okla., Oct. 15, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") and the successful completion of its acquisition of Global Infrastructure Partners' (GIP) entire interest in EnLink Midstream, LLC (NYSE:ENLC) (EnLink), for a total cash consideration of approximately $3.3 billion. The acquisition consists of 43% of EnLink's outstanding common units for $14.90 per unit and 100% of the interests in the mana
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 distribution of $0.1325 per common unit for the third quarter of 2024, which is unchanged from the second quarter 2024 distribution. The third quarter 2024 cash distribution will be paid on November 14, 2024, to unitholders of record on November 1, 2024. About EnLink MidstreamHeadquartered in Dallas, EnLink Midstream (NYSE:ENLC) provides integrated midstream infrastructure services f
Increases Financial Guidance for the Second Time in 2024 TULSA, Okla., Oct. 29, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) today announced higher third quarter 2024 results and provided 2024 financial guidance on a consolidated basis that includes contributions from EnLink Midstream (EnLink) and the pending Medallion Midstream (Medallion) acquisition. ONEOK also increased its 2024 financial guidance on a stand-alone basis to be comparable with the previous guidance provided on April 30, 2024. Third Quarter 2024 Results, Compared With Third Quarter 2023: Net income of $693 million, resulting in $1.18 per diluted share.Adjusted EBITDA of $1.55 billion.7% increase in Rocky Mountain region NGL
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 website at Investors.EnLink.com after market close on Wednesday, November 6, 2024. The company will not hold a conference call. All dates and times are subject to change. About EnLink MidstreamHeadquartered in Dallas, EnLink Midstream (NYSE:ENLC) provides integrated midstream infrastructure services for natural gas, crude oil, condensate, and NGLs, as well as CO2 transportation fo
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 in an annualized dividend of $3.96 per share. The dividend is payable Nov. 14, 2024, to shareholders of record at the close of business Nov. 1, 2024. At ONEOK (NYSE:OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation and storage services. Through our more than 50,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crud
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 allocation strategy Provides significant synergies through complementary asset positions Maintains ONEOK's strong investment-grade credit ratings ONEOK intends to pursue a tax-free acquisition of the EnLink publicly held interests following the closing of this transaction TULSA, Okla., Aug. 28, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) ("ONEOK") today announced that it has executed a definitive agreement with Global Infrastructure Partners ("GIP") under which ONEOK will acquire GIP's entire in
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 net cash provided by operating activities of $162.6 million for the second quarter of 2024.Generated adjusted EBITDA, net to EnLink, of $306.0 million for the second quarter of 2024.Delivered $53.3 million of free cash flow after distributions (FCFAD) for the second quarter of 2024.Subsequent to the quarter, EnLink reached final investment decision (FID) for EnLink's first brownfield
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 conference call on Wednesday, August 7, at 8 a.m. Central time to discuss its second quarter 2024 earnings. Second Quarter Distribution DeclarationEnLink's Board of Directors declared a cash distribution of $0.1325 per common unit for the second quarter of 2024, which is unchanged from the first quarter 2024 distribution. The second quarter 2024 cash distribution will be paid on August
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.Generated adjusted EBITDA, net to EnLink, of $337.7 million for the first quarter of 2024, which represents growth of 4.3% compared to the first quarter of 2023.Delivered $74.0 million of free cash flow after distributions (FCFAD) for the first quarter of 2024.Executed the first project in Phas
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. First Quarter Distribution DeclarationEnLink's Board of Directors declared a cash distribution of $0.1325 per common unit for the first quarter of 2024, which is unchanged from the fourth quarter 2023 distribution. The first quarter 2024 cash distribution will be paid on May 14, 2024,
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.Generated adjusted EBITDA, net to EnLink, of $350.8 million and $1.35 billion for the fourth quarter of 2023 and full-year 2023,
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 announ
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HOUSTON, April 07, 2022 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ("Amplify" or the "Company") (NYSE:AMPY) announced the appointment today of Deborah ("Debbie") G. Adams and Eric T. Greager to the Amplify Board of Directors ("Board"). Ms. Adams and Mr. Greager join the Board following a comprehensive process, conducted with the assistance of a nationally recognized board recruitment firm, to complement the Board's existing credentials and qualifications. Ms. Adams was most recently the Senior Vice President of Health, Safety, and Environmental ("HSE"), Projects and Procurement at Phillips 66, where she oversaw all regulatory affairs and processes. Mr. Greager is the former President, Chie
DALLAS, Dec. 20, 2021 /PRNewswire/ -- EnLink Midstream, LLC (NYSE:ENLC) (EnLink) announced today the appointment of Tiffany (TJ) Thom Cepak to its Board of Directors (Board). ENLC) (EnLink) announced today the appointment of Tiffany (TJ) Thom Cepak to its Board of Directors." alt="EnLink Midstream, LLC (NYSE:ENLC) (EnLink) announced today the appointment of Tiffany (TJ) Thom Cepak to its Board of Directors."> "We are pleased to welcome TJ to the EnLink Board," said Barry E. Davis, EnLink Chairman and Chief Executive Officer. "Her extensive experience in the oil and gas industr
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 each firm on EnLink's Board. EnLink has appointed Richard P. Schifter and Scott E. Telesz to the company's Board. Richard Schifter will serve on the Board as a designee of an affiliate of TPG under a previously disclosed Board Representation Agreement and will replace Christopher Ortega, the previous TPG designee. Scott Telesz, who is an Operating Partner at GIP, will replace William A. Woodburn, a Part
JP Morgan analyst Jeremy Tonet maintains EnLink Midstream (NYSE:ENLC) with a Neutral and raises the price target from $14 to $15.
Wells Fargo analyst Praneeth Satish upgrades EnLink Midstream (NYSE:ENLC) from Equal-Weight to Overweight and raises the price target from $13 to $17.
EnLink Midstream (NYSE:ENLC) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.13 by 76.92 percent. This is a 75 percent decrease over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $1.648 billion which missed the analyst consensus estimate of $2.106 billion by 21.76 percent. This is a 6.79 percent decrease over sales of $1.768 billion the same period last year.
Ratings for EnLink Midstream (NYSE:ENLC) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 1 0 0 3M Ago 1 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $15.0, a high estimate of $16.00, and a low estimate of $14.00. Observing a 7.14% increase, the current a
Citigroup analyst Spiro Dounis maintains EnLink Midstream (NYSE:ENLC) with a Buy and raises the price target from $13 to $16.
Capital One analyst Wade Suki initiates coverage on EnLink Midstream (NYSE:ENLC) with a Overweight rating and announces Price Target of $15.
JP Morgan has decided to maintain its Neutral rating of EnLink Midstream (NYSE:ENLC) and lower its price target from $15.00 to $14.00. Shares of EnLink Midstream are trading down 0.74% over the last 24 hours, at $12.01 per share. A move to $14.00 would account for a 16.57% increase from the current share price. About EnLink Midstream EnLink Midstream LLC is an integrated midstream company. The company's operating segment includes Permian; North Texas; Oklahoma; Louisiana and Corporate. The company generates maximum revenue from the Louisiana segment. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL asse
JP Morgan analyst Jeremy Tonet maintains EnLink Midstream (NYSE:ENLC) with a Neutral and lowers the price target from $15 to $14.
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