EnLink Midstream LLC

ENLC

Equity

ISIN null / Valor 23438975

New York Stock Exchange, Inc (2025-01-31)

USD 14.12%

EnLink Midstream LLC
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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: Finance

Net Income & Operating Cash

For Q3 2024, EnLink Midstream LLC generated a net income of $43.1 million alongside net cash provided by operating activities of $260.1 million, underscoring robust operational performance.

Adjusted EBITDA & Free Cash Flow

The company delivered an adjusted EBITDA of $345.0 million and achieved $122.4 million in free cash flow after distributions, highlighting its strong cash generation and efficient capital management.

Capital Structure & Share Repurchase

During the quarter, EnLink Midstream LLC repurchased approximately $45.4 million of common units and further streamlined its capital structure, including the redemption of all remaining Series C preferred units post-quarter.

Strategic Expansion Initiatives

EnLink continued to enhance its infrastructure by contracting an additional 200,000 MMBtu/d of long-term natural gas transportation capacity in Louisiana, poised to generate incremental annual cash flows and support future growth.

Summarized from source with an LLMView Source

Key figures

17.1%1Y

77.4%3Y

181%5Y

Performance

25.2%1Y

27.7%3Y

40.5%5Y

Volatility