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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ENLINK MIDSTREAM's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ENLINK MIDSTREAM's position in the market.
EnLink Midstream, (NYSE: ENLC) reported strong financial results for the first quarter of 2024, with net income of $50.0 million and adjusted EBITDA of $337.7 million, up 4.3% from Q1 2023. The company generated $293.3 million in net cash from operating activities and $74.0 million in free cash flow after distributions. EnLink completed the first project in Phase 2 of Louisiana gas expansion, aiming to meet customer needs in eastern Louisiana by the fourth quarter of 2025. The company repurchased $50.0 million of common units in Q1 2024, on pace to fulfill the $200 million repurchase authorization for 2024.
