enlink midstream is a leading, integrated midstream company with a diverse geographic footprint and a strong financial foundation, delivering tailored customer solutions for sustainable growth. our expansive gathering, processing, fractionation, transportation, and logistics assets are located in the most prolific oil and gas regions in north america, including the gulf coast, permian, stack, cana, arkoma-woodford, north texas, haynesville, utica, marcellus, and eagle ford. we are delivering growth and unlocking value for our customers, employees, and investors through our proven expertise in leveraging our diversified assets and strategic relationships. enlink midstream formed in 2014 when devon energy agreed to combine substantially all of its midstream assets with crosstex energy to form a leading integrated midstream company with enhanced size and scale in core operating regions. this strategic combination generates strong unitholder value, fuels innovation, and drives growth. devo
Company profile
Ticker
ENLC
Exchange
Website
CEO
Barry Davis
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
New Public Rangers, L.L.C.
SEC CIK
Corporate docs
Subsidiaries
Acacia Natural Gas, L.L.C. • Ascension Pipeline Company, LLC • Bridgeline Holdings, L.P. • Cedar Cove Midstream LLC • Coronado Midstream LLC • Cowtown Gas Processing Partners L.P. • Cowtown Pipeline Partners L.P. • Delaware G&P LLC • Delaware Processing LLC • EnLink Barnett Gas Services, LLC ...
ENLC stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
21 Feb 24
8-K
EnLink Midstream Reports Fourth Quarter and Full-Year 2023 Results, Provides 2024 Financial Guidance
20 Feb 24
S-3ASR
Automatic shelf registration
8 Feb 24
8-K
Entry into a Material Definitive Agreement
16 Jan 24
10-Q
2023 Q3
Quarterly report
1 Nov 23
8-K
EnLink Midstream Reports Third Quarter 2023 Results
31 Oct 23
8-K
Departure of Directors or Certain Officers
10 Aug 23
10-Q
2023 Q2
Quarterly report
2 Aug 23
8-K
EnLink Midstream Reports Second Quarter 2023 Results
1 Aug 23
10-Q
2023 Q1
Quarterly report
3 May 23
Transcripts
ENLC
Earnings call transcript
2023 Q4
21 Feb 24
ENLC
Earnings call transcript
2023 Q3
1 Nov 23
ENLC
Earnings call transcript
2023 Q2
2 Aug 23
ENLC
Earnings call transcript
2023 Q1
3 May 23
ENLC
Earnings call transcript
2022 Q4
15 Feb 23
ENLC
Earnings call transcript
2022 Q3
2 Nov 22
ENLC
Earnings call transcript
2022 Q2
4 Aug 22
ENLC
Earnings call transcript
2022 Q1
4 May 22
ENLC
Earnings call transcript
2021 Q4
16 Feb 22
ENLC
Earnings call transcript
2021 Q3
3 Nov 21
Latest ownership filings
4
Benjamin D Lamb
1 Mar 24
144
Notice of proposed sale of securities
28 Feb 24
4
Jan Philipp Rossbach
26 Feb 24
144
Notice of proposed sale of securities
23 Feb 24
4
Walter Pinto
21 Feb 24
4
Jan Philipp Rossbach
21 Feb 24
4
Jesse Arenivas
21 Feb 24
4
Benjamin D Lamb
21 Feb 24
4
Dilanka Seimon
21 Feb 24
4
Adam S Forman
21 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 48.10 mm | 48.10 mm | 48.10 mm | 48.10 mm | 48.10 mm | 48.10 mm |
Cash burn (monthly) | 2.23 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 15.20 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 32.90 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 14.7 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
58.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 41 |
Opened positions | 2 |
Closed positions | 4 |
Increased positions | 12 |
Reduced positions | 19 |
13F shares | Current |
---|---|
Total value | 509.42 bn |
Total shares | 266.02 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Global Infrastructure Investors III | 224.36 mm | $2.31 bn |
Tortoise Capital Advisors, L.L.C. | 16.96 mm | $207.26 bn |
GS Goldman Sachs | 15.78 mm | $192.80 bn |
Miller Howard Investments | 2.32 mm | $28.30 bn |
Duff & Phelps Investment Management | 1.66 mm | $20.31 bn |
NBW Capital | 1.07 mm | $13.05 bn |
BCS Barclays | 1.00 mm | $12.24 bn |
BNP Paribas Arbitrage | 580.60 k | $7.09 bn |
Tortoise Index Solutions | 450.68 k | $5.51 bn |
Captrust Financial Advisors | 381.74 k | $4.66 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Feb 24 | Benjamin D Lamb | Common Units | Sell | Dispose S | No | No | 12.08 | 250,552 | 3.03 mm | 534,000 |
23 Feb 24 | Jan Philipp Rossbach | Common Units | Sell | Dispose S | No | No | 12.32 | 50,000 | 616.00 k | 58,410 |
19 Feb 24 | Adam S Forman | Common Units | Grant | Acquire A | No | No | 0 | 46,064 | 0.00 | 146,064 |
19 Feb 24 | Benjamin D Lamb | Common Units | Grant | Acquire A | No | No | 0 | 77,471 | 0.00 | 784,552 |
19 Feb 24 | Dilanka Seimon | Common Units | Grant | Acquire A | No | No | 0 | 75,377 | 0.00 | 245,590 |
News
Key Takeaways From EnLink Midstream Analyst Ratings
16 Apr 24
Citigroup Maintains Buy on EnLink Midstream, Raises Price Target to $16
16 Apr 24
Capital One Initiates Coverage On EnLink Midstream with Overweight Rating, Announces Price Target of $15
22 Mar 24
JP Morgan Maintains Neutral Rating for EnLink Midstream: Here's What You Need To Know
29 Feb 24
JP Morgan Maintains Neutral on EnLink Midstream, Lowers Price Target to $14
29 Feb 24
Press releases
EnLink Midstream Declares Quarterly Distribution and Schedules Call to Discuss First Quarter 2024 Earnings
11 Apr 24
EnLink Midstream Files 2023 Annual Report
21 Feb 24
EnLink Midstream Exploring Additional Carbon Transportation Opportunities with ExxonMobil to Reduce Emissions in the Gulf Coast
20 Feb 24
EnLink Midstream Reports Fourth Quarter and Full-Year 2023 Results, Provides 2024 Financial Guidance
20 Feb 24