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Complete financial analysis of EnLink Midstream, LLC (ENLC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of EnLink Midstream, LLC, a leading company in the Oil & Gas Midstream industry within the Energy sector.
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EnLink Midstream, LLC (ENLC)
About EnLink Midstream, LLC
EnLink Midstream, LLC provides midstream energy services in the United States. It operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and stabilizing, trans-loading , and condensate crude oil , as well as providing brine disposal services. Its midstream energy asset network includes approximately 12,100 miles of pipelines; 22 natural gas processing plants;7 fractionators with approximately 320,000 barrels per day; barge and rail terminals; product storage facilities; brine disposal wells; and a crude oil trucking fleet. The company was incorporated in 2013 and is based in Dallas, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.88B | 9.54B | 6.69B | 3.89B | 6.05B | 7.70B | 5.74B | 4.26B | 4.44B | 3.48B | 1.94B | 1.66B | 2.01B | 1.79B | 1.46B | 4.91B | 3.86B | 3.14B | 3.03B | 1.98B | 1.01B | 454.04M | 388.97M |
| Cost of Revenue | 5.51B | 8.21B | 5.80B | 3.03B | 5.01B | 6.59B | 4.91B | 3.52B | 3.63B | 2.77B | 1.69B | 1.42B | 1.75B | 1.56B | 1.26B | 4.65B | 3.60B | 2.97B | 2.93B | 1.90B | 971.74M | 420.01M | 362.83M |
| Gross Profit | 1.37B | 1.33B | 888.50M | 866.70M | 1.04B | 1.11B | 832.80M | 744.10M | 810.10M | 703.50M | 257.04M | 231.46M | 263.39M | 233.24M | 200.83M | 252.11M | 255.82M | 171.49M | 105.75M | 74.10M | 41.93M | 34.03M | 26.14M |
| Gross Profit Ratio | 19.86% | 13.94% | 13.29% | 22.26% | 17.24% | 14.47% | 14.51% | 17.45% | 18.23% | 20.23% | 13.22% | 13.98% | 13.08% | 13.01% | 13.76% | 5.14% | 6.63% | 5.46% | 3.49% | 3.74% | 4.14% | 7.49% | 6.72% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 115.50M | 125.20M | 107.80M | 103.30M | 152.60M | 140.30M | 128.60M | 122.50M | 136.90M | 97.30M | 79.99M | 65.08M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 115.50M | 125.20M | 107.80M | 103.30M | 152.60M | 140.30M | 128.60M | 122.50M | 136.90M | 97.30M | 79.99M | 65.08M | 55.52M | 51.17M | 62.49M | 74.52M | 64.30M | 47.71M | 34.15M | 22.20M | 16.94M | 7.70M | 5.58M |
| Other Expenses | 557.90M | 524.90M | 362.90M | 373.80M | 467.10M | 600.00K | 600.00K | 300.00K | 800.00K | -500.00K | 1.60M | 5.05M | 180.87M | 158.02M | 177.99M | 192.11M | 165.90M | 126.79M | 72.05M | 43.70M | 28.58M | 31.18M | 7.76M |
| Operating Expenses | 673.40M | 650.10M | 470.70M | 477.10M | 619.70M | 593.70M | 547.30M | 521.00M | 556.80M | 375.50M | 230.85M | 195.97M | 180.87M | 158.02M | 177.99M | 192.11M | 165.90M | 126.79M | 72.05M | 43.70M | 28.58M | 31.18M | 7.76M |
| Cost & Expenses | 6.19B | 8.86B | 6.27B | 3.50B | 5.63B | 7.18B | 5.45B | 4.04B | 4.19B | 3.15B | 1.92B | 1.62B | 1.93B | 1.72B | 1.44B | 4.85B | 3.77B | 3.10B | 3.00B | 1.95B | 1.00B | 451.19M | 370.59M |
| Interest Income | 0.00 | 500.00K | 238.70M | 223.30M | 1.40M | 2.90M | 0.00 | 900.00K | 5.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -952.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 271.70M | 238.10M | 215.20M | 223.30M | 216.00M | 182.30M | 190.40M | 137.00M | 108.30M | 49.80M | 76.86M | 86.52M | 79.23M | 87.03M | 95.08M | 74.86M | 78.04M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 657.10M | 639.40M | 607.50M | 638.60M | 617.00M | 577.30M | 545.30M | 504.50M | 387.30M | 280.30M | 140.29M | 162.30M | 125.36M | 111.63M | 129.81M | 133.03M | 111.57M | 85.49M | 37.20M | 23.03M | 13.54M | 7.75M | 6.21M |
| EBITDA | 1.34B | 1.32B | 1.03B | 1.03B | 1.04B | 1.10B | 830.80M | -189.20M | -889.20M | 661.80M | 358.80M | 205.43M | 200.54M | 166.98M | 135.88M | 142.31M | 186.01M | 130.18M | 7.27M | 53.44M | 26.89M | 10.60M | 24.59M |
| EBITDA Ratio | 19.44% | 7.38% | 6.24% | 18.73% | 26.57% | 11.51% | 4.66% | 15.36% | 15.01% | 16.58% | 12.36% | 11.99% | 10.32% | 11.30% | 10.46% | 4.00% | 4.82% | 3.37% | 0.24% | 2.58% | 0.64% | 2.35% | 6.28% |
| Operating Income | 692.80M | 64.60M | -190.40M | 90.60M | 991.20M | 153.80M | 294.40M | -674.50M | -1.30B | 356.30M | -47.64M | 34.83M | 74.47M | 73.91M | 19.94M | 28.75M | 89.92M | 44.70M | 33.71M | 30.40M | 13.35M | 2.85M | -1.95M |
| Operating Income Ratio | 10.07% | 0.68% | -2.85% | 2.33% | 16.38% | 2.00% | 5.13% | -15.82% | -29.30% | 10.24% | -2.45% | 2.10% | 3.70% | 4.12% | 1.37% | 0.59% | 2.33% | 1.42% | 1.11% | 1.54% | 1.32% | 0.63% | -0.50% |
| Total Other Income/Expenses | -280.00M | -256.00M | -250.20M | -190.40M | -231.90M | -168.40M | -171.20M | -209.10M | -82.10M | -28.20M | 22.50M | -77.49M | -78.52M | -101.45M | -98.30M | -12.56M | -64.37M | -17.30M | 50.13M | -16.55M | 10.26M | -4.49M | 174.00K |
| Income Before Tax | 412.80M | 405.80M | 168.30M | -172.40M | -992.70M | -14.60M | 123.20M | -883.60M | -1.38B | 328.10M | -122.85M | -43.38M | -4.05M | -27.53M | -78.36M | -31.18M | 12.57M | 27.40M | 79.18M | 13.85M | 23.61M | -1.64M | -1.77M |
| Income Before Tax Ratio | 6.00% | 4.25% | 2.52% | -4.43% | -16.40% | -0.19% | 2.15% | -20.72% | -31.15% | 9.43% | -6.32% | -2.62% | -0.20% | -1.54% | -5.37% | -0.64% | 0.33% | 0.87% | 2.61% | 0.70% | 2.33% | -0.36% | -0.46% |
| Income Tax Expense | 62.80M | -94.90M | 25.40M | 143.20M | 6.90M | 18.20M | -196.80M | 4.60M | 25.70M | 76.40M | -10.21M | -6.64M | -2.77M | -6.02M | -6.02M | 2.41M | 11.05M | 11.12M | 30.05M | 5.15M | 10.16M | -6.87M | 22.30M |
| Net Income | 206.20M | 500.70M | 142.90M | -315.60M | -999.60M | -13.20M | 212.80M | -460.00M | -355.20M | 126.00M | -29.64M | -12.48M | -6.01M | -11.65M | 15.64M | 24.23M | 12.18M | 16.46M | 49.14M | 8.70M | 13.45M | 5.23M | -3.92M |
| Net Income Ratio | 3.00% | 5.25% | 2.14% | -8.11% | -16.51% | -0.17% | 3.71% | -10.79% | -8.00% | 3.62% | -1.52% | -0.75% | -0.30% | -0.65% | 1.07% | 0.49% | 0.32% | 0.52% | 1.62% | 0.44% | 1.33% | 1.15% | -1.01% |
| EPS | 0.45 | 1.05 | 0.29 | -0.65 | -2.15 | -0.07 | 1.18 | -2.56 | -2.16 | 0.55 | -0.62 | -0.26 | -0.13 | -0.25 | 0.33 | 0.52 | 0.26 | 0.39 | 1.29 | 0.24 | 0.94 | 0.20 | -0.42 |
| EPS Diluted | 0.44 | 1.03 | 0.29 | -0.65 | -2.15 | -0.07 | 1.17 | -2.56 | -2.16 | 0.55 | -0.62 | -0.26 | -0.13 | -0.25 | 0.33 | 0.51 | 0.26 | 0.39 | 1.26 | 0.22 | 0.37 | 0.15 | -0.42 |
| Weighted Avg Shares Out | 461.70M | 478.50M | 488.80M | 489.30M | 463.90M | 181.10M | 180.34M | 179.70M | 164.20M | 164.00M | 47.76M | 47.38M | 47.15M | 46.73M | 46.48M | 46.30M | 45.99M | 42.17M | 37.96M | 35.55M | 10.46M | 26.15M | 9.40M |
| Weighted Avg Shares Out (Dil) | 466.00M | 485.30M | 494.30M | 489.30M | 463.90M | 188.57M | 181.88M | 179.70M | 164.20M | 164.30M | 47.76M | 47.38M | 47.15M | 46.73M | 46.54M | 46.59M | 46.61M | 42.67M | 38.87M | 38.70M | 26.66M | 34.86M | 9.40M |
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EnLink Midstream Announces Pricing of Offering of $300.0 Million of Additional Senior Notes Due 2030
DALLAS , March 30, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced the pricing of its offering of $300.0 million aggregate principal amount of its 6.500% senior notes due 2030 (the Additional Notes) at a price of 99.000%...
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DALLAS , March 30, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced its intention, subject to market conditions, to commence an offering of $300.0 million aggregate principal amount of its 6.500% senior notes due 2030 (the Additional...
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DALLAS , March 15, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) today announced that Matthew C. Harris, a Founding Partner of Global Infrastructure Partners (GIP), will be appointed as Chairman of its Board of Directors (Board).
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EnLink Midstream Files 2022 Annual Report
DALLAS , Feb. 15, 2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced the filing of its Annual Report on Form 10-K for the fiscal year ending December 31, 2022, with the Securities and Exchange Commission. A copy...
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