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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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.

ENLC shares have gotten clobbered over the past few weeks. There is no fundamental justification for the selloff.

Buy The EnLink Midstream Selloff

The heavy selling pressure might have exhausted for EnLink Midstream (ENLC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

EnLink Midstream (ENLC) Loses 16.1% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

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Midstream traded down but managed to outperform the S&P 500. Inflation fears are spooking investors but will have less of an impact on midstream equities and their income generation prospects.

Midstream Weekly Recap: Midstream Remains A Buy As Inflation Fears Spread

Leldon Echols to become Chairman of the EnLink Board of Directors DALLAS , June 14, 2022 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today that Chairman and CEO Barry E. Davis will retire from EnLink, the company he led the founding of, after more than 25 years of leadership.

EnLink Midstream Announces Retirement of Chairman and CEO Barry Davis, Names Jesse Arenivas as New CEO

EnLink has announced a series of developments in the Carbon Capture Business but hasn't divulged the returns on those projects. Their recently announced Barnett acquisition increases their already dominant position in that basin.

EnLink Midstream: Back In Growth Mode

EnLink Midstream (ENLC) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Why Fast-paced Mover EnLink Midstream (ENLC) Is a Great Choice for Value Investors

The company's recent moves could pay big dividends in the future.

This High-Yield Dividend Stock Is Tapping Into a More Than $3 Trillion Opportunity

Carbon capture solution targets industrial-scale carbon dioxide (CO2) emitters along the Louisiana Gulf Coast Proven Honeywell carbon capture technology complements EnLink's extensive pipeline infrastructure and projected sequestration connections to provide full service, capital-efficient service offerings Honeywell will conduct a feasibility study for a potential retrofit of existing assets at its Louisiana facilities, including a carbon capture solution and EnLink's transportation and sequestration solution HOUSTON , June 9, 2022 /PRNewswire/ -- Honeywell (NASDAQ: HON) and EnLink Midstream, LLC (NYSE: ENLC) today announced they will work together to deliver carbon capture solutions to industrial-scale carbon dioxide (CO2) emitters within the U.S. Gulf Coast area. The Honeywell and EnLink relationship will focus on the Mississippi River corridor from New Orleans to Baton Rouge, an area that has many large, concentrated sources of industrial CO2 emissions.

HONEYWELL AND ENLINK MIDSTREAM WILL COLLABORATE TO DELIVER CARBON CAPTURE SOLUTION

-BKV and EnLink to develop carbon sequestration project in the Barnett -Sequestration planned to begin in 2023; expected to be one of the first permanent commercial sequestration projects to come online in the United States DENVER , June 9, 2022 /PRNewswire/ -- BKV Corporation ("BKV" or "the Company") and EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced that they have reached a Phase I Final Investment Decision (FID) and entered into a definitive agreement to develop a carbon capture and sequestration (CCS) project in the Barnett Shale region of North Texas. BKV and EnLink to develop carbon capture and sequestration project in the Barnett Shale region of North Texas "It is critical that companies in the industry work together to bring actionable change and move large-scale carbon reduction projects forward," said BKV Chief Executive Officer Chris Kalnin.

BKV CORPORATION AND ENLINK MIDSTREAM PARTNER ON CARBON SEQUESTRATION PROJECT IN THE BARNETT SHALE

Crestwood Equity Partners

Significant operational synergies and redeployment of assets anticipated to result in leverage neutral transaction with attractive economics DALLAS , May 25, 2022 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today that it has entered into a definitive agreement to acquire North Texas gathering and processing assets from Crestwood Equity Partners LP (NYSE: CEQP) for $275 million, subject to certain customary adjustments and regulatory approval. The adjacency of the assets to EnLink's North Texas footprint provides significant synergies and the opportunity to redeploy assets to EnLink's other areas of operation, resulting in significant capital avoidance and driving attractive transaction economics.

EnLink Midstream Agrees to Acquire North Texas Gathering and Processing System

Looking for a Fast-paced Momentum Stock at a Bargain? Consider EnLink Midstream (ENLC)

EnLink Midstream (ENLC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will EnLink Midstream (ENLC) Gain on Rising Earnings Estimates?

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A new project will pipe more income into their coffers in the future.

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ENLC beat analyst adjusted EBITDA estimates by 6% and increased full-year guidance also by 6%. Management intends to allocate increasing free cash flow to equity owners.

EnLink Midstream Continues To Outperform With Another Quarterly Beat-And-Raise

EnLink Midstream, LLC (NYSE:ENLC ) Q1 2022 Earnings Conference Call May 4, 2022 9:00 AM ET Company Participants Brian Brungardt - Director, Investor Relations Barry Davis - Chairman and Chief Executive Officer Bob Purgason - Managing Director, Carbon Solutions Ben Lamb - EVP and Chief Operating Officer Pablo Mercado - EVP and Chief Financial Officer Conference Call Participants T.J. Schultz - RBC Capital Markets Gabriel Moreen - Mizuho Securities Michael Endsley - Tudor, Pickering, Holt & Co Michael Cusimano - Pickering Energy Partners Spiro Dounis - Credit Suisse Operator 00:02 Good morning and welcome to the EnLink Midstream First Quarter 2022 Earnings Conference Call.

EnLink Midstream, LLC (ENLC) CEO Barry Davis on Q1 2022 Results - Earnings Call Transcript

EnLink Midstream (ENLC) delivered earnings and revenue surprises of 40% and 29.53%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

EnLink Midstream (ENLC) Surpasses Q1 Earnings and Revenue Estimates

Digital report includes environmental, social, and governance progress, including on emissions reduction targets DALLAS , May 3, 2022 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today issued its 2021 Sustainability Report at http://sustainability.enlink.com. The digital report showcases EnLink's sustainability achievements during 2021, including progress on the company's 2024 and 2030 emissions intensity reduction goals.

EnLink Midstream Issues Fourth Annual Sustainability Report

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DALLAS , May 3, 2022 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) reported financial results for the first quarter of 2022 and raised full-year 2022 guidance. Highlights Reported net income of $66.0 million, net cash provided by operating activities of $307.7 million, and adjusted EBITDA, net to EnLink, of $304.3 million for the first quarter of 2022, driven by robust producer activity and strong commodity prices.

EnLink Midstream Reports First Quarter 2022 Results and Increases 2022 Guidance

DALLAS , May 3, 2022 /PRNewswire/ -- EnLink Midstream Operating, LP (EnLink), a subsidiary of EnLink Midstream, LLC (NYSE: ENLC), and Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental (NYSE: OXY), today announced they have executed a letter of intent for a Transportation Services Agreement (TSA). Under the terms, EnLink would provide CO2 transportation services for OLCV along the Mississippi River corridor from Waggaman to Baton Rouge in Louisiana.

EnLink Midstream and Oxy Low Carbon Ventures Sign Letter of Intent for Mississippi River CO2 Transportation Services Agreement

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EnLink Midstream operates in many basins that other midstream firms do not, which could give the company a competitive advantage. The company enjoys remarkably stable cash flows over time due to its business model that has very little exposure to commodity prices.

EnLink Midstream: Strong FCF And Positioned For Growth

DALLAS , April 19, 2022 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the first quarter of 2022 and announced it will host a webcast and conference call on Wednesday, May 4, at 8 a.m. Central time to discuss its first quarter 2022 earnings.

EnLink Midstream Declares Quarterly Distribution and Schedules Call to Discuss First Quarter 2022 Earnings

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One of the key themes for the midstream and MLP space in 2022 has been the meaningful return of dividend growth. For investors that largely use the midstream space for its income, this has been a welcomed development, particularly as inflation has caused purchasing power to erode.

Income Opportunities: Midstream Dividends Trending in the Right Direction

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Summary Midstream companies can use their existing assets and expertise to participate in opportunities related to responsibly sourced gas and carbon capture and sequestration. Midstream's expertise makes it an ideal partner for transporting captured carbon dioxide.

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