NEW YORK, Nov. 25, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating EnLink Midstream, LLC (NYSE: ENLC), relating to the proposed merger with ONEOK. Under the terms of the agreement, each outstanding EnLink common unit will be converted into 0.1412 shares of O ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | --- | --- | --- | |------------------------------------------|---------------------------------------------|--------------------------------------| | | For the transition perio ...

EnLink Midstream (ENLC) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -53.85%. A quarter ago, it was expected that this natural gas company would post earnings of $0.12 per share when it actually produced earnings of $0.07, delivering a surprise of -41.67%.Over the last four quarter ...

Exhibit 99.1 FOR IMMEDIATE RELEASE NOVEMBER 6, 2024 Investor Relations: Brian Brungardt, Senior Director of Investor Relations, 214-721-9353, brian.brungardt@enlink.com Media Relations: Megan Wright, Director of Corporate Communications, 214-721-9694, megan.wright@enlink.com EnLink Midstream Reports Third Quarter 2024 Results DALLAS, November 6, 2024 — EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today reported financial results for the third quarter of 2024. Highlights ● Reported net income of $43.1 million ...

DALLAS, Nov. 6, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today reported financial results for the third quarter of 2024.Highlights Reported net income of $43.1 million and net cash provided by operating activities of $260.1 million for the third quarter of 2024. Generated adjusted EBITDA, net to EnLink, of $345.0 million for the third quarter of 2024. Delivered $122.4 million of free cash flow after distributions (FCFAD) for the third quarter of 2024. Repurchased approximately $45.4 ...

DALLAS, Oct. 22, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced that it will issue its third quarter earnings press release and post an investor presentation on its website at Investors.EnLink.com after market close on Wednesday, November 6, 2024. The company will not hold a conference call. All dates and times are subject to change. About EnLink Midstream Headquartered in Dallas, EnLink Midstream (NYSE: ENLC) provides integrated midstream infrastructure services for natura ...

Changes reflect new ONEOK controlling interest DALLAS, Oct. 15, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced changes to the Board of Directors (Board) of EnLink Midstream Manager, LLC, the managing member of ENLC (EnLink Manager), following the October 15, 2024, closing of the transaction in which ONEOK, Inc. (NYSE: OKE) (ONEOK) acquired Global Infrastructure Partner's (GIP) entire 43% equity interest in ENLC and all of GIP's interest in EnLink Manager. As a result of acq ...

DALLAS, Oct. 14, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the third quarter of 2024. EnLink's Board of Directors declared a cash distribution of $0.1325 per common unit for the third quarter of 2024, which is unchanged from the second quarter 2024 distribution. The third quarter 2024 cash distribution will be paid on November 14, 2024, to unitholders of record on November 1, 2024. About EnLink Midstream Headquartered in Dallas, EnLink Mids ...

Overview of the Recent Transaction - ALPS Advisors Inc. acquired 2,773,743 shares of EnLink Midstream LLC, increasing its total holdings to 46,191,145 shares, purchased at $14.51 per share, indicating a strategic investment in the energy sector [1] Profile of ALPS Advisors Inc. - Founded in 1985, ALPS Advisors Inc. manages over $16.5 billion in assets, with a focus on the energy sector, which constitutes more than 75% of its investment allocations [2] ALPS Advisors Inc.'s Top Holdings - The firm has significant investments in top energy companies, including Energy Transfer LP and Plains All American Pipeline, with a diverse portfolio that also includes finance, utilities, telecommunications, and materials [3] Introduction to EnLink Midstream LLC - EnLink Midstream LLC focuses on natural gas pipelines, processing plants, and storage facilities, with a market capitalization of $6.76 billion and a PE ratio of 48.83, indicating profitability in the oil and gas industry [4] Analysis of the Trade Impact - The acquisition increased ALPS Advisors Inc.'s stake in EnLink Midstream LLC to 10.01% of its total portfolio, enhancing its exposure to midstream service operations [5] Market Context and Stock Valuation - EnLink Midstream LLC is currently considered overvalued with a GF Value of $10.47 and a stock price to GF Value ratio of 1.40, despite a year-to-date price increase of 18.24% [6] Sector and Market Trends - The energy sector, particularly midstream, presents both challenges and opportunities, with ALPS Advisors Inc. holding significant positions in leading energy companies, indicating a strategic alignment to capitalize on potential sector recoveries [7] Future Outlook and Implications - The acquisition is expected to enhance ALPS Advisors Inc.'s influence in the energy sector and signal confidence in EnLink Midstream LLC's operations, potentially affecting investor perceptions and stock value [8]

Core Viewpoint - EnLink Midstream's subsidiary, EnLink Midstream Partners, LP, has announced the optional redemption of its 6.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units, with a redemption price of $1,008.28 per unit, to be funded through borrowings under its revolving credit facility [1][2]. Group 1: Redemption Details - The redemption notice for the Series C Preferred Units is being sent to all holders by Equiniti Trust Company, LLC, the paying agent [2]. - The redemption date is set for September 17, 2024, and the redemption price includes accumulated and unpaid distributions up to, but not including, the redemption date [1]. Group 2: Company Overview - EnLink Midstream, headquartered in Dallas, provides integrated midstream infrastructure services for natural gas, crude oil, NGLs, and CO2 transportation for carbon capture and sequestration [3]. - The company operates large-scale, cash-flow-generating asset platforms located in key production basins and demand centers, including the Permian Basin, Louisiana, Oklahoma, and North Texas [3]. - EnLink is focused on maintaining financial flexibility and operational excellence to support strategic growth and sustainable value creation [3].