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ENLINK MIDSTREAM, LLC - ENLC STOCK NEWS

Welcome to our dedicated page for ENLINK MIDSTREAM news (Ticker: ENLC), a resource for investors and traders seeking the latest updates and insights on ENLINK MIDSTREAM stock.

EnLink Midstream, LLC (NYSE: ENLC) is a prominent, integrated midstream company providing tailored customer solutions across North America's prolific oil and gas regions. Formed in 2014 through a strategic combination of Devon Energy's midstream assets and Crosstex Energy, EnLink has become a leading entity with enhanced size and scale in key operating regions.

Headquartered in Dallas, EnLink's expansive infrastructure network includes gathering, processing, fractionation, transportation, and logistics assets located in the Gulf Coast, Permian Basin, STACK, Cana, Arkoma-Woodford, North Texas, Haynesville, Utica, Marcellus, and Eagle Ford. The company is committed to delivering growth and unlocking value for customers, employees, and investors through its diversified assets and strategic relationships.

EnLink's operations are segmented into key areas such as the Permian Basin, North Texas, Oklahoma, Louisiana, and Corporate. The Louisiana segment generates the maximum revenue, featuring natural gas pipelines, processing plants, storage facilities, fractionation facilities, and NGL assets.

In recent developments, EnLink has made significant strides in carbon capture and sequestration (CCS) projects, highlighting their commitment to reducing greenhouse gas emissions. For instance, their partnership in the Barnett Zero project marks one of the first commercial CCS operations in the U.S., aiming to sequester up to 210,000 metric tons of CO2 annually.

EnLink continues to demonstrate financial resilience and strategic growth. Their quarterly distribution for the first quarter of 2024 remains solid at $0.1325 per common unit. The company also completed a $250 million common unit repurchase program in 2023 and has authorized a new $200 million repurchase plan for 2024.

For more updates and detailed financial information, visit the EnLink Midstream Investor page.

News

EnLink Midstream Declares Quarterly Distribution and Schedules Call to Discuss First Quarter 2024 Earnings

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EnLink Midstream, (ENLC) declared a quarterly distribution of $0.1325 per common unit for the first quarter of 2024, unchanged from the previous quarter. They will host a webcast and conference call on May 1, 2024, at 8 a.m. Central time to discuss their first quarter earnings.
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Engineering Tomorrow Receives Support From Growing Number of Corporate Partners

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EnLink Midstream and Kraton make substantial donations to Engineering Tomorrow to promote STEM education among high school students. The contributions aim to inspire students to pursue engineering careers through hands-on lab events and real-world applications.
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EnLink Midstream Files 2023 Annual Report

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EnLink Midstream, LLC (ENLC) filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2023, with the SEC. Unitholders can access the report on EnLink's Investors website or request a hard copy of the audited financial statements.
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EnLink Midstream Exploring Additional Carbon Transportation Opportunities with ExxonMobil to Reduce Emissions in the Gulf Coast

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EnLink Midstream, LLC (ENLC) partners with ExxonMobil to expand carbon capture and sequestration efforts in Gulf Coast areas, aiming to provide cost-effective solutions for industrial CO2 emitters.
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EnLink Midstream Reports Fourth Quarter and Full-Year 2023 Results, Provides 2024 Financial Guidance

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EnLink Midstream, LLC (ENLC) reported strong financial results for Q4 and full-year 2023, with net income of $100.1 million and $350.0 million, respectively. Adjusted EBITDA grew to $1.35 billion in 2023, a 5% increase over 2022. The company raised its quarterly distribution by 6% and repurchased $250 million in common units in 2023. For 2024, EnLink expects adjusted EBITDA growth of 4% and FCFAD of $290 million. The company plans to repurchase at least $200 million in units in 2024.
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EnLink Midstream Expands Common Unit Repurchase Authorization, Increases Quarterly Distribution, and Updates Financial Policy

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EnLink Midstream, LLC (ENLC) announced the completion of its 2023 common unit repurchase authorization, approval of a 2024 unit repurchase plan, a 6% increase in quarterly distribution, and a revised long-term leverage target. The company also scheduled a webcast and call to discuss 2023 earnings and 2024 guidance.
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BKV and EnLink Midstream Commence First Carbon Capture and Sequestration Project in the Barnett Shale

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BKV Corporation (BKV) & EnLink Midstream, LLC (NYSE: ENLC) initiate carbon capture & sequestration project at Barnett Zero facility, aiming to reduce CO2 emissions from natural gas production in Texas' Barnett Shale. Forecasted to sequester up to 210,000 metric tons of CO2e per year. BKV plans to achieve net-zero emissions by early 2030s.
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EnLink Midstream Reports Third Quarter 2023 Results

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EnLink Midstream reported net income of $65.8 million and net cash provided by operating activities of $274.2 million for Q3 2023. Adjusted EBITDA, net to EnLink, was $341.9 million, flat compared to Q3 2022. The company delivered $66.2 million of free cash flow after distributions and repurchased $50 million of common units in Q3 2023. EnLink remains on track to achieve 5% growth in adjusted EBITDA compared to 2022. The Permian segment generated robust cash flows, and the Louisiana system is well positioned to meet natural gas and NGL demand.
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EnLink Midstream Declares Quarterly Distribution and Schedules Call to Discuss Third Quarter 2023 Earnings

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EnLink Midstream announces quarterly distribution and plans webcast for third quarter 2023 earnings
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EnLink Midstream Names Chief Commercial Officer

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ENLC: EnLink Midstream, LLC Names Dilanka Seimon as Executive Vice President and Chief Commercial Officer. Seimon brings over 20 years of experience in strategy and commercial leadership roles across the energy industry, with a focus on emerging sectors like carbon capture and storage, renewable fuels, and hydrogen. He joins EnLink from Energy Transfer, where he served as Vice President of Alternative Energy.
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FAQ

What is the current stock price of ENLINK MIDSTREAM (ENLC)?

The current stock price of ENLINK MIDSTREAM (ENLC) is $14.2 as of December 23, 2024.

What is the market cap of ENLINK MIDSTREAM (ENLC)?

The market cap of ENLINK MIDSTREAM (ENLC) is approximately 6.4B.

What does EnLink Midstream do?

EnLink Midstream provides integrated midstream infrastructure services for natural gas, crude oil, condensate, and NGLs, as well as CO2 transportation for carbon capture and sequestration (CCS).

Where is EnLink Midstream headquartered?

EnLink Midstream is headquartered in Dallas, Texas.

What regions does EnLink Midstream operate in?

EnLink operates in prolific oil and gas regions including the Gulf Coast, Permian Basin, STACK, Cana, Arkoma-Woodford, North Texas, Haynesville, Utica, Marcellus, and Eagle Ford.

What is the focus of EnLink Midstream's financial strategy?

EnLink focuses on maintaining financial flexibility, operational excellence, and strategic growth to create sustainable value.

How is EnLink Midstream contributing to environmental sustainability?

EnLink is involved in carbon capture and sequestration (CCS) projects, such as the Barnett Zero project, to reduce greenhouse gas emissions.

What recent financial achievements has EnLink Midstream announced?

EnLink completed a $250 million common unit repurchase program in 2023 and authorized a new $200 million repurchase plan for 2024.

What is the significance of the Louisiana segment for EnLink Midstream?

The Louisiana segment generates the maximum revenue and includes extensive natural gas pipelines, processing plants, storage, and NGL assets.

Who are the key leadership figures at EnLink Midstream?

Jesse Arenivas is the Chief Executive Officer of EnLink Midstream, leading the company's strategic direction and operations.

When was EnLink Midstream formed?

EnLink Midstream was formed in 2014 through the combination of Devon Energy's midstream assets and Crosstex Energy.

How can investors access EnLink Midstream's financial reports?

Investors can access EnLink Midstream's financial reports on the company's investor page at investors.enlink.com.

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ENLINK MIDSTREAM, LLC

NYSE:ENLC

ENLC Rankings

#1105 Ranked by Market Cap
#846 Ranked by Dividends

ENLC Stock Data

6.42B
254.45M
44.35%
49.91%
2.02%
Oil & Gas Midstream
Natural Gas Transmission
Link
United States of America
DALLAS