EnLink Midstream LLC released its earnings results on Aug 01, 2023. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.111 by $0.009.

Is EnLink Midstream LLC overvalued?

According to Wall Street analysts EnLink Midstream LLC’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does EnLink Midstream LLC pay dividends?

EnLink Midstream LLC pays a Quarterly dividend of $0.13 which represents an annual dividend yield of 3.84%. See more information on EnLink Midstream LLC dividends here

What is EnLink Midstream LLC’s EPS estimate?

EnLink Midstream LLC’s EPS estimate is $0.13.

How many shares outstanding does EnLink Midstream LLC have?

EnLink Midstream LLC has 461,497,740 shares outstanding.

What happened to EnLink Midstream LLC’s price movement after its last earnings report?

EnLink Midstream LLC reported an EPS of $0.12 in its last earnings report, beating expectations of $0.111. Following the earnings report the stock price went up 0.612%.

Which hedge fund is a major shareholder of EnLink Midstream LLC?

Among the largest hedge funds holding EnLink Midstream LLC’s share is Blackstone Inc.. It holds EnLink Midstream LLC’s shares valued at 16M.

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EnLink Midstream Stock Smart Score

Neutral

Fundamentals

Return on Equity

28.81%

Trailing 12-Months

Asset Growth

-3.21%

Trailing 12-Months

The EnLink Midstream stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

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Company Description

EnLink Midstream LLC

EnLink Midstream LLC engages in transmission, processing and marketing of natural gas and crude oil. It operates through the following segments: Permian, North Texas, Oklahoma, Louisiana and Corporate. The Permian segment includes natural gas gathering, processing, and transmission activities and crude oil operations in the Midland and Delaware Basins in West Texas and Eastern New Mexico and crude operations in South Texas. The North Texas segment includes natural gas gathering, processing, and transmission activities in North Texas. The Oklahoma segment includes natural gas gathering, processing, and transmission activities, and crude oil operations in the Cana-Woodford, Arkoma-Woodford, northern Oklahoma Woodford, STACK, and CNOW shale areas. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets located in Louisiana and crude oil operations in ORV. The Corporate segment includes investments in the Cedar Cove JV in Oklahoma, ownership interest in GCF in South Texas, derivative activity and general corporate assets and expenses. The company was founded in October 2013 and is headquartered in Dallas, TX.

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