EnLink Midstream Reports Record Q4 Earnings of $0.33, Surpassing Expectations by $0.15 in 2023.
February 15, 2023
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ENLINK ($NYSE:ENLC): This strong performance further reinforces EnLink’s position as a leader in the midstream industry. EnLink Midstream is a premier provider of midstream energy services, with a focus on the production, gathering, processing and transportation of natural gas, natural gas liquids (NGLs), crude oil and condensate. With a wide range of services and locations across multiple basins, EnLink Midstream is well-positioned to meet the needs of its customers. The strong fourth quarter results are reflective of EnLink’s disciplined execution and financial strategies, which have enabled it to sustain strong financial performance over the past several years. The company has consistently delivered on its commitments, deploying capital efficiently and delivering results for investors.
In addition, EnLink’s cost-effective operations have helped to drive positive cash flow and maintain a strong balance sheet. With the robust fourth quarter results, EnLink Midstream has once again demonstrated its commitment to delivering consistent results and providing value to shareholders. The company is well-positioned to continue to build on its success and maintain its leadership position in the midstream market for years to come.
Price History
This news was largely overshadowed by the media attention surrounding negative reports of the company, which has weighed heavily on the stock price in recent months. Despite these reports, EnLink Midstream managed to report strong earnings and beat analyst expectations. On Tuesday, the stock opened at $12.6 and closed at $12.8, up by 1.3% from the prior closing price of 12.7. This is a welcome sign for investors who have been stuck in a downward spiral of negative news and have seen their investments take a hit in the recent past. The positive Q4 earnings results and the slight uptick in stock prices should be encouraging for investors.
The positive earnings report may also be a sign that future reports will be more positive as well, which could provide a much-needed boost to the company’s stock price. It will be important to monitor EnLink Midstream’s performance over the coming quarters to determine whether or not its financials are truly improving. With any luck, investors may yet be rewarded for their faith in the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Enlink Midstream. More…
| Total Revenues | Net Income | Net Margin |
| 9.74k | 256.1 | 2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enlink Midstream. More…
| Operations | Investing | Financing |
| 937.7 | -231.4 | -639.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Enlink Midstream. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.68k | 5.77k | 2.72 |
Key Ratios Snapshot
Some of the financial key ratios for Enlink Midstream are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.1% | 18.4% | 5.6% |
| FCF Margin | ROE | ROA |
| 7.1% | 32.1% | 4.8% |
Analysis
ENLINK MIDSTREAM is a medium risk investment according to GoodWhale’s Risk Rating. GoodWhale provides analysis of ENLINK MIDSTREAM’s financials and allows investors to assess their risk level associated with investing in the company. It uses the latest financial data and incorporates algorithms to give investors a comprehensive understanding of the company’s financial performance. GoodWhale’s analysis is based on several important financial metrics such as cash flow, debt-to-equity ratio, return on equity, and free cash flow. Additionally, GoodWhale has detected one risk warning in ENLINK MIDSTREAM’s income sheet. It is important for investors to register with GoodWhale to further understand this warning and inform their decision-making process. GoodWhale makes it easy to track and analyze the performance of any company, giving investors the confidence to make well-informed decisions. With its comprehensive analysis and risk assessment tools, GoodWhale is becoming a popular choice among investors looking to invest in ENLINK MIDSTREAM. 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 is a midstream energy infrastructure company that provides gathering, processing, transportation, and storage services to the oil and gas industry. The company recently reported record fourth-quarter earnings of $0.33 per share, surpassing analysts’ expectations by $0.15. Investing in EnLink Midstream can be a wise choice for investors who are looking to capitalize on the growing energy needs of the industry.
Benefits may include access to a diversified portfolio of assets with a range of services, a stable cash flow, and potential for future growth. Investors should also weigh potential risks, including potential volatility in oil and gas prices and potential for operational issues.
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