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 ...

Core Viewpoint - EnLink Midstream reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.13 per share, representing a 53.85% earnings surprise to the downside [1][2] Financial Performance - The company posted revenues of $1.61 billion for the quarter ended September 2024, which was 8.81% below the Zacks Consensus Estimate and down from $1.75 billion a year ago [2] - Over the last four quarters, EnLink Midstream has not surpassed consensus EPS estimates and has only topped revenue estimates once [2] Stock Performance - EnLink Midstream shares have increased approximately 26% since the beginning of the year, outperforming the S&P 500's gain of 21.2% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.19 on revenues of $2.17 billion, and for the current fiscal year, it is $0.47 on revenues of $7.14 billion [7] - The estimate revisions trend for EnLink Midstream is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Oil and Gas - Refining and Marketing industry is currently in the bottom 2% of over 250 Zacks industries, suggesting a challenging environment for stocks in this sector [8]

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. 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 ...

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].

DALLAS, Aug. 12, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (ENLC) today announced the pricing of $500.0 million aggregate principal amount of its 5.650% senior notes due 2034 at a price to the public of 99.618% of their face value. The sale of the senior notes is expected to settle on August 15, 2024, subject to the satisfaction of customary closing conditions. The senior notes will be fully and unconditionally guaranteed on a senior basis by EnLink Midstream Partners, LP (ENLK), a subsidiary ...

DALLAS, Aug. 12, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (ENLC) today announced its intention, subject to market conditions, to offer senior notes in an underwritten public offering. The senior notes will be fully and unconditionally guaranteed on a senior basis by EnLink Midstream Partners, LP (ENLK), a subsidiary of ENLC. ENLC intends to use the net proceeds from the offering for general limited liability company purposes, including to repay borrowings under the revolving credit facility a ...

enlight EARNINGS PRESENTATION S e c o n d Q u a r t e r 2024 Legal disclaimer 2 This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements conta ...

EnLink Midstream (ENLC) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -41.67%. A quarter ago, it was expected that this natural gas company would post earnings of $0.14 per share when it actually produced earnings of $0.14, delivering no surprise. Over the last four quarters, the c ...