EnLink Midstream reports Q2 EPS 7c, consensus 13c

Reports Q2 revenue $1.55B, consensus $1.9B. “EnLink delivered a solid quarter in line with our expectations, as our midstream assets and our diversified business continue to show resilience,” EnLink President and CEO Jesse Arenivas said. “Our Louisiana team is executing on a multiprong growth strategy and moving projects toward commercialization, such as the ‘Henry Hub to the River’ project announced last quarter and the JISH expansion announced today, to supply the high-demand market for natural gas. EnLink’s strength is in our diverse, integrated value chain, which we continue to leverage for new opportunities that optimize and grow our business.”