Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
United StatesIPO:
13 January 2004Website:
http://www.enlink.comNext earnings report:
01 August 2024Last dividends:
25 April 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 23:51:22 GMTAnalysts recommendations
Institutional Ownership
ENLC Latest News
EnLink Midstream reported earnings of $0.14 per share for the quarter, meeting the Zacks Consensus Estimate and an increase from $0.12 per share in the same quarter last year.
Although the revenue and EPS for EnLink Midstream (ENLC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
EnLink Midstream (ENLC) came out with quarterly earnings of $0.14 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.33 per share a year ago.
Exxon recently spent nearly $5 billion to bulk up its carbon dioxide infrastructure capabilities. EnLink Midstream believes carbon transportation could boost its earnings by 25% with minimal capital investment.
The headline numbers for EnLink Midstream (ENLC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
EnLink's stock has entered a long-term trading range between $8.50 and $13.50 per unit. The company plans to invest $1.5 billion in CCUS projects over the next 7 years to meet growing demand. EnLink has signed a transportation service agreement with Exxon Mobil to move CO2 captured from CF Industries and Nucor Steel to a sequestration site in Louisiana.
EnLink Midstream operates in hydrocarbon-rich basins in the south central US, including the Anadarko and Permian basins. The company's low yield of 4.00% is a drawback compared to its peers in the midstream sector. EnLink Midstream's growth potential lies in its carbon capture and storage technology, which has driven its strong market performance.
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) 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'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.
What type of business is EnLink Midstream LLC?
EnLink Midstream, LLC provides midstream energy services in the United States. It operates through Permian, Louisiana, Oklahoma, North Texas, 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 stabilizing, trans-loading , and condensate crude oil , as well as providing brine disposal services. Its midstream energy asset network includes approximately 12,100 miles of pipelines; 22 natural gas processing plants;7 fractionators with approximately 320,000 barrels per day; 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.
What sector is EnLink Midstream LLC in?
EnLink Midstream LLC is in the Energy sector
What industry is EnLink Midstream LLC in?
EnLink Midstream LLC is in the Oil & Gas Midstream industry
What country is EnLink Midstream LLC from?
EnLink Midstream LLC is headquartered in United States
When did EnLink Midstream LLC go public?
EnLink Midstream LLC initial public offering (IPO) was on 13 January 2004
What is EnLink Midstream LLC website?
https://www.enlink.com
Is EnLink Midstream LLC in the S&P 500?
No, EnLink Midstream LLC is not included in the S&P 500 index
Is EnLink Midstream LLC in the NASDAQ 100?
No, EnLink Midstream LLC is not included in the NASDAQ 100 index
Is EnLink Midstream LLC in the Dow Jones?
No, EnLink Midstream LLC is not included in the Dow Jones index
When does EnLink Midstream LLC report earnings?
The next expected earnings date for EnLink Midstream LLC is 01 August 2024