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) operates essential midstream infrastructure across North America's key energy basins, providing critical services in hydrocarbon transportation and processing. This news hub serves as the definitive source for tracking ENLC's latest corporate developments and market positioning.
Investors and industry observers will find comprehensive coverage of material events including earnings announcements, strategic partnerships, infrastructure expansions, and sustainability initiatives. Our curated news selection prioritizes operational updates that impact the company's role in energy logistics and carbon management solutions.
The repository features verified press releases alongside third-party analysis, offering multiple perspectives on ENLC's market activities. Content categories include regulatory filings, leadership updates, contract announcements, and industry trend commentary relevant to midstream operations.
Bookmark this page for streamlined access to ENLC's evolving story in energy infrastructure. Combine periodic checks with SEC filings for complete due diligence.
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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