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ENLC - EnLink Midstream, LLC

NYSE -> Energy -> Oil & Gas Midstream
Dallas, United States
Type: Equity

ENLC price evolution
ENLC
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $28.7 $48.1 $54.8 $72.8
Short term investments
Net receivables $667.3 $692.1 $541.9 $623.8
Inventory $46.4 $91.2 $74.9 $70
Total current assets $838.3 $922.4 $781.8 $859.1
Long term investments $150.5 $144.6 $134.3 $140.4
Property, plant & equipment $6407 $6486.6 $6503.9 $6543.4
Goodwill & intangible assets $793.6 $825.5 $857.4 $889.3
Total noncurrent assets $7490.3 $7568.1 $7618.1 $7687.3
Total investments $150.5 $144.6 $134.3 $140.4
Total assets $8328.6 $8490.5 $8399.9 $8546.4
Current liabilities
Accounts payable $126.5 $121.9 $101.2 $111.4
Deferred revenue
Short long term debt $97.9 $97.9 $97.9
Total current liabilities $993.6 $967.9 $801.7 $708.4
Long term debt $4471 $4621.4 $4640.9 $4828
Total noncurrent liabilities $4699.9 $4806.7 $4824 $4996.1
Total debt $4568.9 $4719.3 $4738.8 $4828
Total liabilities $5693.5 $5774.6 $5625.7 $5704.5
Shareholders' equity
Retained earnings
Other shareholder equity $0.7 $6.2 $4.5 -$1.2
Total shareholder equity $1001.2 $1086.3 $1160.6 $1237.5
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $28.7 $22.6 $26.2 $39.6
Short term investments
Net receivables $667.3 $725.2 $788.2 $528.1
Inventory $46.4 $147.1 $49.4 $44.9
Total current assets $838.3 $982.8 $920.4 $651.4
Long term investments $150.5 $90.2 $28 $41.6
Property, plant & equipment $6407 $6625.5 $6388.3 $6652.1
Goodwill & intangible assets $793.6 $921.2 $1049.7 $1125.4
Total noncurrent assets $7490.3 $7668.2 $7562.8 $7899.5
Total investments $150.5 $90.2 $28 $41.6
Total assets $8328.6 $8651 $8483.2 $8550.9
Current liabilities
Accounts payable $126.5 $126.9 $139.6 $61.5
Deferred revenue
Short long term debt $97.9 $349.8
Total current liabilities $993.6 $875.4 $898.9 $888
Long term debt $4471 $4723.5 $4363.7 $4244
Total noncurrent liabilities $4699.9 $4862.9 $4597.3 $4449.9
Total debt $4568.9 $4723.5 $4363.7 $4593.8
Total liabilities $5693.5 $7344.6 $5496.2 $5337.9
Shareholders' equity
Retained earnings
Other shareholder equity $0.7 -$1.4 -$15.3
Total shareholder equity $1001.2 $1306.4 $1324.4 $1493.5
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $1856.3 $1746.2 $1530.1 $1767.5
Cost of revenue $1320.5 $1244.7 $1019 $1271.9
Gross Profit $535.8 $501.5 $511.1 $495.6
Operating activities
Research & development
Selling, general & administrative $27.7 $30.4 $27.9 $29.5
Total operating expenses $342.5 $357.6 $329.2 $321.9
Operating income $193.3 $143.9 $181.9 $173.7
Income from continuing operations
EBIT $153 $108 $142.1 $137.6
Income tax expense $22.3 $10.6 $19 $10.9
Interest expense $66.5 $67.9 $68.8 $68.5
Net income
Net income $64.2 $29.5 $54.3 $58.2
Income (for common shares) $64.2 $29.5 $54.3 $58.2
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $6900.1 $9542.1 $6685.9 $3893.8
Cost of revenue $4856.1 $7572.8 $5189.9 $2388.5
Gross Profit $2044 $1969.3 $1496 $1505.3
Operating activities
Research & development
Selling, general & administrative $115.5 $125.2 $107.8 $103.3
Total operating expenses $1351.2 $1307.5 $1077.5 $1487.3
Operating income $692.8 $661.8 $418.5 $18
Income from continuing operations
EBIT $540.7 $511.4 $286.5 -$55
Income tax expense $62.8 -$94.9 $25.4 $143.2
Interest expense $271.7 $245 $238.7 $223.3
Net income
Net income $206.2 $361.3 $22.4 -$421.5
Income (for common shares) $206.2 $361.3 $22.4 -$421.5
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $64.2 $29.5 $54.3 $58.2
Operating activities
Depreciation $167.6 $163.8 $165.3 $160.4
Business acquisitions & disposals -$9.7 -$8.7 -$49.7
Stock-based compensation $5 $5.7 $4.5 $4
Total cash flows from operations $360.7 $274.2 $315.7 $272.1
Investing activities
Capital expenditures -$124.8 -$117.8 -$102.4 -$100.7
Investments
Total cash flows from investing -$67.1 -$124.3 -$99.1 -$150
Financing activities
Dividends paid -$57.6 -$58.4 -$58.5 -$61.7
Sale and purchase of stock -$72.7 -$57.3 -$56.2 -$68.2
Net borrowings -$152 -$21.1 -$90.5 $105.6
Total cash flows from financing -$313 -$156.6 -$234.6 -$71.9
Effect of exchange rate
Change in cash and equivalents -$19.4 -$6.7 -$18 $50.2
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $206.2 $361.3 $22.4 -$421.5
Operating activities
Depreciation $657.1 $639.4 $607.5 $638.6
Business acquisitions & disposals -$68.1 -$456.2 -$52.8 -$31.8
Stock-based compensation $19.2 $30.4 $25.3 $28.4
Total cash flows from operations $1222.7 $1049.3 $857.3 $731.1
Investing activities
Capital expenditures -$445.7 -$319.7 -$179.2 -$284.6
Investments
Total cash flows from investing -$440.5 -$773 -$231.4 -$317.7
Financing activities
Dividends paid -$236.2 -$221.4 -$186.8 -$232.7
Sale and purchase of stock -$254.4 -$191.1 -$42.1 -$5.9
Net borrowings -$158 $352.2 -$235 -$136
Total cash flows from financing -$776.1 -$279.9 -$639.3 -$451.2
Effect of exchange rate
Change in cash and equivalents $6.1 -$3.6 -$13.4 -$37.8
News
EnLink Midstream LLC VP & Chief Accounting Officer Jan Rossbach Sells 50,000 Shares
GuruFocus.com via Yahoo Finance 27 Feb 2024
Some Analysts Just Cut Their EnLink Midstream, LLC (NYSE:ENLC) Estimates
Simply Wall St. via Yahoo Finance 26 Feb 2024
EnLink Midstream, LLC (NYSE:ENLC) Q4 2023 Earnings Call Transcript
Insider Monkey via Yahoo Finance 22 Feb 2024
EnLink Midstream LLC's Dividend Analysis
GuruFocus.com via Yahoo Finance 24 Jan 2024
There's Reason For Concern Over EnLink Midstream, LLC's (NYSE:ENLC) Price
Simply Wall St. via Yahoo Finance 18 Dec 2023
Is EnLink Midstream, LLC (NYSE:ENLC) Trading At A 33% Discount?
Simply Wall St. via Yahoo Finance 23 Nov 2023
EnLink Midstream (NYSE:ENLC) delivers shareholders fantastic 72% CAGR over 3 years, surging 5.9% in...
Simply Wall St. via Yahoo Finance 6 Nov 2023
EnLink Midstream, LLC (NYSE:ENLC) Q3 2023 Earnings Call Transcript
Insider Monkey via Yahoo Finance 2 Nov 2023
EnLink Midstream LLC (ENLC) Reports Q3 2023 Earnings: Net Income Drops to $66 Million
GuruFocus.com via Yahoo Finance 1 Nov 2023
EnLink Midstream LLC's Dividend Analysis
GuruFocus.com via Yahoo Finance 26 Oct 2023
Fundamentals
Market cap $6.03B
Enterprise value $10.57B
Shares outstanding 451.61M
Revenue $6.90B
EBITDA $1.20B
EBIT $540.70M
Net Income $206.20M
Revenue Q/Q -9.46%
Revenue Y/Y -27.69%
P/E ratio 29.24
EV/Sales 1.53
EV/EBITDA 8.82
EV/EBIT 19.55
P/S ratio 0.87
P/B ratio 6.03
Book/Share 2.22
Cash/Share 0.06
EPS $0.46
ROA 2.44%
ROE 18.39%
Debt/Equity 5.69
Net debt/EBITDA 4.73
Current ratio 0.84
Quick ratio 0.80