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Enlink Midstream LLC - ENLC STOCK NEWS

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

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.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.16%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.16%
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earnings
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.24%
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buyback
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.55%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
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earnings
Rhea-AI Summary
EnLink Midstream announces quarterly distribution and plans webcast for third quarter 2023 earnings
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0.39%
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earnings
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Rhea-AI Summary
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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Rhea-AI Summary
EnLink Midstream, LLC has issued its 2022 Sustainability Report, highlighting achievements in emissions reduction and carbon transportation business. The report showcases progress on emissions intensity reduction goals and the company's efforts to reduce emissions across industries through carbon dioxide transportation. EnLink aims to create value for employees, customers, communities, and investors through sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
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earnings
Enlink Midstream LLC

NYSE:ENLC

ENLC Rankings

ENLC Stock Data

6.18B
241.82M
0.53%
92.34%
2.63%
Pipeline Transportation of Natural Gas
Transportation and Warehousing
Link
US
Dallas

About ENLC

enlink midstream is a leading, integrated midstream company with a diverse geographic footprint and a strong financial foundation, delivering tailored customer solutions for sustainable growth. our expansive gathering, processing, fractionation, transportation, and logistics assets are located in the most prolific oil and gas regions in north america, including the gulf coast, permian, stack, cana, arkoma-woodford, north texas, haynesville, utica, marcellus, and eagle ford. we are delivering growth and unlocking value for our customers, employees, and investors through our proven expertise in leveraging our diversified assets and strategic relationships. enlink midstream formed in 2014 when devon energy agreed to combine substantially all of its midstream assets with crosstex energy to form a leading integrated midstream company with enhanced size and scale in core operating regions. this strategic combination generates strong unitholder value, fuels innovation, and drives growth. devo