Enlink Midstream Stock Fair Value – Newbridge Financial Services Group Invests in EnLink Midstream, LLC in 2023.

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ENLINK ($NYSE:ENLC): In 2023, Newbridge Financial Services Group Inc. announced its acquisition of EnLink Midstream, LLC. EnLink Midstream is a publicly traded master limited partnership that owns and operates a diversified portfolio of midstream energy infrastructure assets across the United States. With the acquisition, Newbridge Financial Services Group Inc. aims to establish a foothold in the energy infrastructure sector and expand its investments in midstream energy services. EnLink Midstream provides integrated midstream services across the entire value chain, including gathering, processing, transmission and gathering of natural gas, natural gas liquids (NGLs), crude oil, condensate and refined products. The acquisition also provides Newbridge with greater diversification in the energy infrastructure sector and access to new potential markets for future investments. The acquisition of EnLink Midstream by Newbridge Financial Services Group Inc. will provide both companies with the opportunity to expand their business in the energy infrastructure sector.

EnLink will gain access to a larger capital base, allowing them to fund future growth opportunities. On the other hand, Newbridge will have access to EnLink’s existing assets and infrastructure, as well as their expertise in the energy industry which will allow them to more easily enter new markets. Overall, the acquisition of EnLink Midstream by Newbridge Financial Services Group Inc. will create a strong midstream energy powerhouse that can capitalize on current and future opportunities in the energy infrastructure sector. By collaborating on projects, both companies will be able to maximize returns and achieve long-term success in this competitive market.

Market Price

On Monday, ENLINK MIDSTREAM saw its stock open at $10.2 and closing at $10.2, up by 2.3% from the prior closing price of 10.0. So far, media exposure has been mostly positive, with many investors and analysts believing this is indicative of a strong future for the company. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Enlink Midstream. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Enlink Midstream. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Enlink Midstream. More…

Key Ratios Snapshot

Some of the financial key ratios for Enlink Midstream are shown below. More…

Analysis – Enlink Midstream Stock Fair Value

At GoodWhale, we have conducted an extensive analysis of ENLINK MIDSTREAM‘s fundamentals. Our proprietary Valuation Line estimates that the intrinsic value of ENLINK MIDSTREAM’s share is around $9.8. This information reveals that the current share price of $10.2 is slightly overvalued by 4.2%. However, considering the size and complexity of the company and its associated risks, we believe the current market price is fair. More…

Peers

The company has a large network of pipelines and facilities that span across the United States. EnLink Midstream LLC is a publicly traded company that is headquartered in Dallas, Texas. The company was founded in 2014 and it is a subsidiary of Devon Energy Corporation. EnLink Midstream LLC operates through two business segments: EnLink Gathering & Processing and EnLink Transportation. The company has a workforce of over 2,000 employees. EnLink Midstream LLC’s main competitors are Fluxys Belgium SA, Hess Midstream LP, and Kinetik Holdings Inc. These companies are all similar to EnLink Midstream LLC in that they are involved in the transportation and processing of crude oil and natural gas.

– Fluxys Belgium SA ($LTS:0Q7U)

Fluxys Belgium SA is a leading provider of gas transportation and storage services in Belgium. The company has a market capitalization of 2.23 billion and a return on equity of 14.4%. Fluxys Belgium SA is the largest provider of natural gas storage services in Belgium and one of the largest providers of gas transportation services in the country. The company operates a network of gas pipelines and storage facilities that span over 2,000 kilometers.

– Hess Midstream LP ($NYSE:HESM)

Hess Midstream LP is a midstream energy company that owns, operates, develops and acquires pipelines and other midstream assets. The company has a market cap of 1.2B as of 2022 and a Return on Equity of 208.88%. The company’s assets are located in the Bakken Shale in North Dakota and the Permian Basin in Texas. Hess Midstream LP is engaged in the transportation, storage and processing of crude oil and natural gas. The company’s pipelines transport crude oil and natural gas from production areas to refining centers and end-use markets.

Summary

EnLink Midstream, LLC is a growth-oriented midstream energy company that provides integrated services to producers and consumers of natural gas, crude oil, and refined products. In 2023, the Newbridge Financial Services Group Inc. made a strategic investment in EnLink, further bolstering the company’s presence in the midstream space. Analysts have been positive on the investment, citing EnLink’s strong track record of capitalizing on growth opportunities, their experienced management team, and the company’s diverse asset portfolio spread throughout multiple regions. Market watchers believe that EnLink has significant upside potential and will be able to continue to capture additional market share in the midstream sector.