EnLink Midstream LLC
ENLC
ISIN US29336T1007 / Valor 23438975
EnLink Midstream LLC
UMushroom community rating:
About company
EnLink Midstream LLC, traded on the New York Stock Exchange under the ticker ENLC, operates within the energy sector by providing a comprehensive suite of infrastructure services tailored to natural gas, crude oil, and natural gas liquids (NGLs). The company's extensive portfolio includes the operation of gathering and transportation pipelines, processing plants, fractionators, as well as barge and rail terminals. Additionally, EnLink Midstream offers product storage facilities and brine disposal wells, alongside CO₂ transportation services for projects involving carbon capture and sequestration. With a strategic presence in key regions such as the Permian Basin, Louisiana, Oklahoma, and North Texas, EnLink Midstream positions itself in both significant production basins and essential demand centers. The company emphasizes its commitment to operational excellence and financial flexibility, aiming to navigate the energy transition effectively while pursuing sustainable value creation for its stakeholders.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (24.12.2024):
Net Income and Cash Flow
EnLink Midstream LLC reported a net income of $43.1 million for the third quarter of 2024. The company also generated net cash provided by operating activities amounting to $260.1 million during the same period, showcasing a strong cash flow position.
Adjusted EBITDA
For the third quarter of 2024, EnLink Midstream LLC achieved an adjusted EBITDA, net to EnLink, of $345.0 million. This figure reflects the company's ability to maintain robust earnings before interest, taxes, depreciation, and amortization.
Free Cash Flow After Distributions
EnLink Midstream LLC delivered $122.4 million of free cash flow after distributions (FCFAD) in the third quarter of 2024. This indicates the company's capacity to generate cash flow after accounting for capital expenditures and distributions to unitholders.
Unit Repurchase
During the third quarter of 2024, EnLink Midstream LLC repurchased approximately $45.4 million of common units. This repurchase is part of a broader strategy, with the company having repurchased around $145 million of common units in the first nine months of 2024.
Credit Rating Upgrade
Following the closing of the ONEOK transaction, S&P Global Ratings upgraded EnLink Midstream LLC's credit rating to "BBB" from "BBB-." This upgrade reflects the company's improved financial stability and creditworthiness.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6586 M
Market cap (USD)
113,002
Daily traded volume (Shares)
14.415 / 14.22
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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