EnLink Midstream, LLC (ENLC)
NYSE NYSE Primary Summary
EnLink Midstream (ENLC) Q3 Earnings and Revenues Lag Estimates
EnLink Midstream (ENLC) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.10 per share a year ago.
EnLink Midstream (ENLC) Earnings Expected to Grow: Should You Buy?
EnLink Midstream (ENLC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ALPS Advisors Inc. Expands Stake in EnLink Midstream LLC
On September 30, 2024, ALPS Advisors Inc., a prominent asset management firm, made a significant addition to its investment portfolio by acquiring 2,773,743 shares of EnLink Midstream LLC (ENLC, Financial). This transaction increased the firm's total holdings in ENLC to 46,191,145 shares, marking a substantial investment move.
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EnLink Midstream, LLC Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Jesse Arenivas CPA CEO | NYSE Exchange | 29336T100 CUSIP |
| US Country | 1,072 Employees | 14 Nov 2024 Last Dividend | 18 Dec 2006 Last Split | 13 Jan 2004 IPO Date |
Overview
EnLink Midstream, LLC is a prominent provider of midstream energy services in the United States. Established in 2013 and headquartered in Dallas, Texas, the company plays a crucial role in the energy sector through its extensive operations that span across various key regions including the Permian Basin, Louisiana, Oklahoma, and North Texas. EnLink Midstream focuses on meeting the needs of the energy market through a diversified portfolio of services geared towards the effective management of natural gas, natural gas liquids (NGLs), crude oil, and condensates. The company's business operations are organized into distinct segments, namely Permian, Louisiana, Oklahoma, North Texas, and Corporate, allowing for specialized focus and strategic management across different geographies and product lines.
Products and Services
- Gathering, Compressing, Treating, Processing, Transporting, Storing, and Selling Natural Gas
EnLink Midstream facilitates the efficient management of natural gas by offering a comprehensive suite of services. This includes the initial gathering of natural gas from production sites, compression to reduce volume and facilitate easier transportation, treating and processing to purify and prepare it for end-use or further processing, and finally, the transportation and storage of natural gas. The company also engages in the commercial aspect of selling natural gas, ensuring a seamless supply chain from production to market.
- Fractionating, Transporting, Storing, and Selling Natural Gas Liquids (NGLs)
For natural gas liquids, EnLink Midstream provides fractionation services, which involve separating the mixed NGL stream into its component parts, such as ethane, propane, butanes, and natural gasoline. The company also handles the logistics of transporting, storing, and selling these individual NGL products, catering to the needs of various industrial, commercial, and consumer markets.
- Gathering, Transporting, Stabilizing, Storing, Trans-loading, and Selling Crude Oil and Condensate
EnLink Midstream's services extend to the handling of crude oil and condensates, covering everything from gathering at the production point, transporting to desired locations, stabilizing to remove impurities, and storing until they are ready to be transported or sold. The company’s infrastructure also supports trans-loading, allowing for the efficient transfer of crude oil and condensates between different modes of transport.
- Brine Disposal Services
In addition to its core services, EnLink Midstream offers brine disposal services, which are critical for managing the water produced during oil and gas extraction processes. The company utilizes brine disposal wells to safely dispose of this byproduct, ensuring environmental compliance and the sustainability of operations.
