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.
This page provides a curated feed of news and disclosures related to EnLink Midstream, LLC (ENLC), a Dallas-headquartered midstream energy company that provides integrated infrastructure services for natural gas, crude oil, NGLs, and CO2 transportation for carbon capture and sequestration (CCS). Company and partner releases highlight EnLink’s activities across its major operating areas in the Permian Basin, Louisiana, Oklahoma, and North Texas.
News items for ENLC commonly include transaction and corporate structure updates, such as ONEOK, Inc.’s agreement to acquire all remaining publicly held EnLink common units and the subsequent unitholder approval of that transaction. Index provider announcements have also referenced EnLink’s removal from certain pipeline and decarbonization infrastructure indices as a result of the acquisition process.
Operational updates feature segment performance and volume trends in natural gas gathering and processing, crude gathering, NGL fractionation, and natural gas transportation. EnLink’s quarterly results coverage discusses segment profit, adjusted EBITDA, free cash flow after distributions, and contract activity, including long-term transportation capacity delivering natural gas to end users in Louisiana.
Because ONEOK is the managing member of EnLink and has moved to acquire the remaining public units, ENLC-related news increasingly appears in joint releases with ONEOK. Visitors can use this news stream to follow developments in EnLink’s midstream operations, its role within ONEOK’s broader energy infrastructure portfolio, and historical milestones affecting the ENLC ticker. Bookmark this page to access an organized archive of ENLC news, from financial updates to major corporate actions.
EnLink Midstream (NYSE: ENLC) has released its 2023 Sustainability Report, highlighting significant progress in its environmental initiatives. The company announced it has achieved its methane emissions intensity reduction target ahead of schedule, successfully reducing scope 1 methane emissions intensity by 30% from a 2020 baseline. This milestone was reached in late 2023, a full year earlier than initially planned.
The report, available at http://sustainability.enlink.com, provides a comprehensive overview of EnLink's sustainability program and the strides made throughout 2023. It demonstrates the company's commitment to environmental stewardship and its ability to meet and exceed its sustainability goals, positioning EnLink as a leader in responsible energy infrastructure operations.
EnLink Midstream (NYSE: ENLC) reported net income of $67.0 million and adjusted EBITDA of $306.0 million for Q2 2024. The company generated $53.3 million in free cash flow after distributions. Key highlights include:
1. Reached final investment decision on an 8 Bcf expansion of Jefferson Island Storage & Hub.
2. Repurchased $50 million of common units in Q2, totaling $100 million in H1 2024.
3. Increased 2024 common unit repurchase authorization by $50 million to $250 million.
4. Purchased $200 million of Series B preferred units, reducing outstanding amount by nearly 50% since early 2024.
Segment performance varied, with Permian Basin showing growth, Louisiana experiencing seasonal effects, Oklahoma mixed results, and North Texas declining due to a contract reset.
EnLink Midstream (NYSE: ENLC) has announced its quarterly distribution for Q2 2024 and scheduled its earnings call. The company declared a cash distribution of $0.1325 per common unit, unchanged from Q1 2024. This distribution will be paid on August 14, 2024, to unitholders of record on August 2, 2024.
EnLink will host a webcast and conference call on Wednesday, August 7, at 8 a.m. Central time to discuss Q2 2024 earnings. The company's investor presentation and earnings press release will be available on its website after market close on Tuesday, August 6. An archived replay of the webcast will be accessible on EnLink's website for at least 90 days following the event.
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.
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