Reports Q4 revenue $1.86B, consensus $2.16B. “EnLink delivered another record year by generating adjusted EBITDA of $1.35 billion, achieving the midpoint of 2023 guidance and 5% growth over the prior year,” EnLink CEO Jesse Arenivas said. “Through solid execution and operational excellence, we delivered on our 2023 guidance metrics for adjusted EBITDA and free cash flow after distributions, safely launched operations of our North Texas carbon capture and sequestration project with BKV, executed an upsized $250M common unit repurchase program, and raised our quarterly distribution in early 2023.
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Read More on ENLC:
- EnLink Midstream Reports Fourth Quarter and Full-Year 2023 Results, Provides 2024 Financial Guidance
- EnLink Midstream lowers long-term leverage target to 3.5-times debt-to-EBITDA
- EnLink Midstream raises quarterly dividend by 6% to 13.25c per share
- EnLink Midstream Expands Common Unit Repurchase Authorization, Increases Quarterly Distribution, and Updates Financial Policy
- EnLink Midstream authorizes new $200M buyback plan
