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 |
---|---|---|---|
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 |
3/22/2024 | $15.00 | Overweight | CapitalOne |
10/3/2023 | Outperform | Pickering Energy Partners | |
6/26/2023 | $14.00 | Buy | UBS |
3/9/2023 | $13.00 | Neutral → Buy | Citigroup |
8-K - EnLink Midstream, LLC (0001592000) (Filer)
8-K - EnLink Midstream, LLC (0001592000) (Filer)
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S-3ASR - EnLink Midstream, LLC (0001592000) (Filer)
10-Q - EnLink Midstream, LLC (0001592000) (Filer)
8-K - EnLink Midstream, LLC (0001592000) (Filer)
8-K - EnLink Midstream, LLC (0001592000) (Filer)
10-Q - EnLink Midstream, LLC (0001592000) (Filer)
8-K - EnLink Midstream, LLC (0001592000) (Filer)
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
CapitalOne initiated coverage of EnLink Midstream with a rating of Overweight and set a new price target of $15.00
Pickering Energy Partners initiated coverage of EnLink Midstream with a rating of Outperform
UBS initiated coverage of EnLink Midstream with a rating of Buy and set a new price target of $14.00
Citigroup upgraded EnLink Midstream from Neutral to Buy and set a new price target of $13.00
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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. 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 to the public of 99.618% of their face value. The sale of the senior notes is expected to settle on August 15, 2024, subject to the satisfaction of customary closing conditions. The senior notes will be fully and unconditionally guaranteed on a senior basis by EnLink Midstream Partners, LP (ENLK), a subsidiary of ENLC. ENLC intends to use the net proceeds from the offering for general limited liability company purposes, including to repay borrowings under the revolving credit facility and the acc
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. The senior notes will be fully and unconditionally guaranteed on a senior basis by EnLink Midstream Partners, LP (ENLK), a subsidiary of ENLC. ENLC intends to use the net proceeds from the offering for general limited liability company purposes, including to repay borrowings under the revolving credit facility and the accounts receivable securitization facility, a portion of which were incurred to purchase ENLK's outstanding Series B Cumulative Convertible Preferred Units on August 5, 2024.
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 Report at http://sustainability.enlink.com. The report showcases EnLink's sustainability progress made throughout 2023 and provides an overview of EnLink's sustainability program. EnLink announced in the 2023 Sustainability Report that its methane emissions intensity reduction target was met in late 2023, reducing scope 1 methane emissions intensity by 30% from a 2020 baseline. The ach
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. 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." Unitholders may request a hard copy of the complete audited financial statements free of charge by sending a request to: EnLink Midstream, 1722 Routh Street, Suite 1300, Dallas, Texas 75201, Attention: In
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 i
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
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
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.Generated adjusted EBITDA, net to EnLink, of $333.6 million for the second quarter of 2023, representing 11% growth compared to the second quarter of 2022.Delivered $95.7 million of free cash flow after distributions (FCFAD) for the second quarter of 2023.Remain on track to achieve the midpoint of 20
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. Second Quarter Distribution DeclarationEnLink's Board of Directors declared a cash distribution of $0.125 per common unit for the second quarter of 2023, which is unchanged from the first quarter 2023 distribution. The second quarter 2023 cash distribution will be paid on August 1
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.Generated adjusted EBITDA, net to EnLink, of $323.7 million for the first quarter of 2023. The lingering impact from severe winter weather throughout Texas and Oklahoma, along with unscheduled downtime after an earthquake in the Permian, late in the fourth quarter of 2022 adversely impacted first quarte
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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.