EnLink Midstream Declares Increased Quarterly Distribution, Schedules Quarterly and Year-End Earnings and 2023 Guidance Call

Rhea-AI Summary

EnLink Midstream (NYSE: ENLC) announced a quarterly distribution of $0.125 per common unit for Q4 2022, reflecting an 11% increase from Q3 2022. This distribution will be paid on February 13, 2023, to unitholders of record as of January 30, 2023. Additionally, EnLink will hold a webcast and conference call on February 15, 2023, at 8 a.m. Central time to discuss its Q4 and full-year 2022 earnings, alongside guidance for 2023. The quarterly report will be available after market close on February 14, 2023.

Positive

• Quarterly distribution increased by 11% from Q3 2022.
• Scheduled conference call for Q4 2022 earnings and 2023 guidance.

Negative

• None.

News Market Reaction – ENLC

+1.33%

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+1.33% News Effect

On the day this news was published, ENLC gained 1.33%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DALLAS, Jan. 18, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the fourth quarter of 2022, reflecting an increase of approximately 11% from the third quarter 2022 distribution, and further announced that it will host a webcast and conference call on Wednesday, February 15, at 8 a.m. Central time to discuss its fourth quarter and full-year 2022 earnings, along with 2023 financial guidance.

Fourth Quarter Distribution Declaration
EnLink's Board of Directors declared a cash distribution of $0.125 per common unit for the fourth quarter of 2022, which represents an increase of approximately 11% from the third quarter 2022 distribution. The fourth quarter 2022 cash distribution will be paid on February 13, 2023, to unitholders of record on January 30, 2023.

Fourth Quarter, Full-Year 2022 Earnings and 2023 Financial Guidance Webcast Details
EnLink will host a webcast and conference call on Wednesday, February 15, at 8 a.m. Central time to discuss fourth quarter and full-year 2022 earnings, along with 2023 financial guidance. The conference call will be broadcast via an internet webcast, which can be accessed on the Investors page of EnLink's website Investors.EnLink.com. Interested parties can access an archived replay of the webcast on EnLink's website for at least 90 days following the event.

EnLink's quarterly report and earnings press release will be posted on the Investors page of EnLink's website at Investors.EnLink.com after market close on Tuesday, February 14.

All dates and times are subject to change. Any timing updates, along with participation instructions for the webcasts and conference calls, will be provided via press release prior to the event.

About EnLink Midstream
EnLink Midstream reliably operates a differentiated midstream platform that is built for long-term, sustainable value creation. EnLink's best-in-class services span the midstream value chain, providing natural gas, crude oil, condensate, NGL capabilities, and carbon capture, transportation, and sequestration. Our purposely built, integrated asset platforms are in premier production basins and core demand centers, including the Permian Basin, Oklahoma, North Texas, and the Gulf Coast. EnLink's strong financial foundation and commitment to execution excellence drive competitive returns and value for our employees, customers, and investors. Headquartered in Dallas, EnLink is publicly traded through EnLink Midstream, LLC (NYSE: ENLC). Visit www.EnLink.com to learn how EnLink connects energy to life.

Investor Relations: Brian Brungardt, Director of Investor Relations, 214-721-9353, brian.brungardt@enlink.com
Media Relations: Megan Wright, Director of Corporate Communications, 214-721-9694, megan.wright@enlink.com

 

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SOURCE EnLink Midstream, LLC

FAQ

What is the cash distribution for EnLink Midstream (ENLC) in Q4 2022?

EnLink Midstream declared a cash distribution of $0.125 per common unit for Q4 2022.

When will EnLink Midstream (ENLC) pay its Q4 2022 distribution?

The Q4 2022 distribution will be paid on February 13, 2023.

When is the earnings call for EnLink Midstream (ENLC)?

The earnings call is scheduled for February 15, 2023, at 8 a.m. Central time.

What was the increase in EnLink Midstream's (ENLC) distribution compared to Q3 2022?

The distribution increased by approximately 11% from Q3 2022.

When will EnLink Midstream (ENLC) release its quarterly report?

The quarterly report will be posted after market close on February 14, 2023.