Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ...

Second Quarter Distribution Declaration Second Quarter 2024 Earnings Webcast Details EnLink's investor presentation and earnings press release will be posted on the Investors page of EnLink's website at Investors.EnLink.com after market close on Tuesday, August 6. About EnLink Midstream Investor Relations: Brian Brungardt, Senior Director of Investor Relations, 214-721-9353, [email protected] Media Relations: Megan Wright, Director of Corporate Communications, 214-721-9694, [email protected] SOURCE EnLink M ...

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 March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number: 001-36336 ENLINK MIDSTREAM, LLC (Exact name of registrant as specified in its charter) Delaware 46-4108528 (State of organiz ...

EnLink Midstream, LLC (NYSE:ENLC) Q1 2024 Earnings Conference Call May 1, 2024 9:00 AM ET Company Participants Brian Brungardt - Senior Director-Investors Jesse Arenivas - Chief Executive Officer Dilanka Seimon - Executive Vice President & Chief Commercial Officer Ben Lamb - Executive Vice President & Chief Financial Officer Conference Call Participants Spiro Dounis - Citi Praneeth Satish - Wells Fargo Naomi Marfatia - UBS Jeremy Tonet - JPMorgan Elvira Scotto - RBC Capital Markets Wade Suki - Capital One H ...

Non-GAAP Financial Information, Other Definitions, & Notes 4) Gathering is defined as a pipeline that transports hydrocarbons from a production facility to a transmission line or processing facility. Transportation is defined to include pipelines connected to gathering lines or a facility. Gathering and transportation are referred to as "G&T." Gathering and processing are referred to as "G&P." • This presentation contains forward-looking statements within the meaning of the federal securities laws. Although ...

EnLink Midstream (ENLC) came out with quarterly earnings of $0.14 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.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 company has surpassed consensus EPS estimates just once.EnLink Midstream, which bel ...

Exhibit 99.1 FOR IMMEDIATE RELEASE April 30, 2024 Investor Relations: Brian Brungardt, 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 First Quarter 2024 Results DALLAS, April 30, 2024 — EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today reported financial results for the first quarter of 2024. Highlights · Reported net income of $50.0 million and net ca ...

DALLAS, April 11, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the first quarter of 2024 and announced it will host a webcast and conference call on Wednesday, May 1, at 8 a.m. Central time to discuss its first quarter 2024 earnings. First Quarter Distribution DeclarationEnLink's Board of Directors declared a cash distribution of $0.1325 per common unit for the first quarter of 2024, which is unchanged from the fourth quarter 2023 distribution ...

DALLAS, Feb. 21, 2024 /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, 2023, with the Securities and Exchange Commission. A copy of the 10-K may be found on EnLink's Investors website at http://investors.enlink.com by clicking "SEC Filings" and then "Annual Reports." Unitholders may request a hard copy of the complete audited financial statements free of charge by sending a request to: EnLink Mids ...

Financial Data and Key Metrics - Q4 2023 adjusted EBITDA was $351 million, and full-year 2023 adjusted EBITDA reached $1.35 billion, marking a 5% growth over the prior year [12] - Free cash flow after distributions for 2023 was nearly $250 million, driven by strong cash flow generation and lower capital expenditures [12] - The company forecasts 2024 adjusted EBITDA of $1.36 billion at the midpoint of its guidance range, with free cash flow after distributions expected to increase to $290 million [5] - The leverage ratio stood at 3.3x at the end of Q4 2023, with the company maintaining investment-grade ratings from Fitch and a positive outlook from S&P [31] Business Line Performance - **Permian**: Segment profit for Q4 2023 was $105.9 million, with gathered volumes up 6% sequentially and 23% year-over-year [18] - **Oklahoma**: Segment profit for Q4 2023 was $112 million, growing 1% sequentially and 7% year-over-year [19] - **Louisiana**: Segment profit for Q4 2023 was $103.6 million, growing 10% sequentially and 2% year-over-year [28] - **North Texas**: Segment profit for Q4 2023 was $68.6 million, declining 2% sequentially and 10% year-over-year [26] Market Performance - The Permian and Louisiana segments are expected to drive growth in 2024, with the Permian forecasted to grow 15% and Louisiana 7% [38] - Oklahoma and North Texas are expected to see flat volumes and declining segment profits due to contractual rate resets and conservative volume assumptions [39][40] Strategic Direction and Industry Competition - The company is focusing on expanding its CO2 transportation solutions with ExxonMobil, targeting industrial facilities along the Gulf Coast that emit over 215 million metric tons of CO2 annually [6] - EnLink is also evaluating opportunities to expand its natural gas storage capacity in Louisiana, with potential to increase capacity by 9 Bcf [17] - The company is committed to capital-efficient projects and has a strong pipeline of debottlenecking projects in Louisiana, which are expected to provide attractive economics [16] Management Commentary on Operating Environment and Future Outlook - Management highlighted the resilience of the business despite volatile commodity prices, with strong activity in the Permian and Louisiana driving growth [12][43] - The company remains bullish on long-term natural gas demand, particularly in Oklahoma and North Texas, despite short-term challenges [42] - EnLink is optimistic about the growth potential in the CO2 transportation and carbon capture market, with ongoing discussions with ExxonMobil and other partners [47][69] Other Important Information - The company completed the sale of noncore Ohio River Valley assets for $70 million, representing a multiple of approximately 6x EBITDA [25] - EnLink has repurchased approximately 9% of its common units outstanding since late 2021, with a $200 million repurchase program authorized for 2024 [34][61] Q&A Session Summary Question: Update on Pecan Island project prioritization and capital spending - The company is reassessing the Pecan Island project's near-term role, with other projects potentially being prioritized [8][55] - Most capital spending on Pecan Island has been on permitting and right-of-way acquisition, with future spending paused until an optimized solution is identified [45] Question: Permian growth cadence and asset base - Growth in the Permian is expected to shift from the Midland to the Delaware side, with the Tiger II plant coming online in Q2 2024 [48] - The Matterhorn project, treated as an equity method investment, is expected to be operational in Q3 2024 [48] Question: CO2 transportation and competitive positioning - EnLink is exploring opportunities to expand CO2 transportation beyond the Mississippi River corridor, leveraging its existing infrastructure and expertise [56][63] - The company expects the CO2 business to grow beyond the initial $300 million EBITDA opportunity identified earlier [77] Question: Contract renewals and rate resets in Louisiana - The company is seeing success in renewing contracts at higher rates, with an estimated $20 million uplift in 2024 and further upside in 2025 [15][82] Question: Natural gas storage expansion in Louisiana - EnLink is evaluating brownfield and greenfield projects to expand natural gas storage capacity, with initial engineering studies indicating potential for an additional 9 Bcf [86] - Most capital expenditures for storage expansion are expected in 2025 and beyond, with 2024 focused on engineering and permitting [87]