EnLink Midstream, LLC provides midstream energy services in the United States.
EnLink Midstream Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$8.30|
|52 Week High||US$2.48|
|52 Week Low||US$8.64|
|1 Month Change||30.30%|
|3 Month Change||47.43%|
|1 Year Change||173.93%|
|3 Year Change||-41.75%|
|5 Year Change||-47.30%|
|Change since IPO||-77.32%|
Recent News & Updates
Here's Why EnLink Midstream (NYSE:ENLC) Has A Meaningful Debt Burden
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
EnLink: Stronger Earnings Are Ahead
With commodity prices soaring once more, hedging losses will resume in Q3, but eventually, the string of derivative losses will come to an end. EnLink has a host of tailwinds which will help produce record profits in 2022. The market has yet to price this in. Commodity prices remain supportive for energy companies.
Are Investors Undervaluing EnLink Midstream, LLC (NYSE:ENLC) By 30%?
Does the September share price for EnLink Midstream, LLC ( NYSE:ENLC ) reflect what it's really worth? Today, we will...
EnLink's Q2 Earnings Muted By Hedging Losses
EnLink reported high hedging losses for Q2, however, the move in commodity prices is overwhelmingly positive. Mark-to-market hedging losses tend to weaken earnings in the short term, but these paper losses will be offset in future months when the physical barrels are sold. Given the strong fundamentals and the tailwinds for EnLink, the 20% dip should be bought.
EnLink Midstream, LLC Just Missed Earnings; Here's What Analysts Are Forecasting Now
Last week, you might have seen that EnLink Midstream, LLC ( NYSE:ENLC ) released its second-quarter result to the...
|ENLC||US Oil and Gas||US Market|
Return vs Industry: ENLC exceeded the US Oil and Gas industry which returned 97.5% over the past year.
Return vs Market: ENLC exceeded the US Market which returned 31.5% over the past year.
Stable Share Price: ENLC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: ENLC's weekly volatility (6%) has been stable over the past year.
About the Company
EnLink Midstream, LLC provides midstream energy services in the United States. It operates through Permian, North Texas, Oklahoma, Louisiana, and Corporate segments. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services.
EnLink Midstream Fundamentals Summary
|ENLC fundamental statistics|
Is ENLC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ENLC income statement (TTM)|
|Cost of Revenue||US$3.23b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 02, 2021
|Earnings per share (EPS)||-0.30|
|Net Profit Margin||-3.48%|
How did ENLC perform over the long term?See historical performance and comparison
4.5%Current Dividend Yield
Is EnLink Midstream undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ENLC ($8.3) is trading below our estimate of fair value ($10.59)
Significantly Below Fair Value: ENLC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ENLC is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.
PE vs Market: ENLC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ENLC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ENLC is overvalued based on its PB Ratio (3.4x) compared to the US Oil and Gas industry average (2.1x).
How is EnLink Midstream forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENLC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: ENLC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ENLC's is expected to become profitable in the next 3 years.
Revenue vs Market: ENLC's revenue (3.8% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: ENLC's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ENLC's Return on Equity is forecast to be low in 3 years time (13.1%).
How has EnLink Midstream performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENLC is currently unprofitable.
Growing Profit Margin: ENLC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ENLC is unprofitable, and losses have increased over the past 5 years at a rate of 22.1% per year.
Accelerating Growth: Unable to compare ENLC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ENLC is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-18.6%).
Return on Equity
High ROE: ENLC has a negative Return on Equity (-2.03%), as it is currently unprofitable.
How is EnLink Midstream's financial position?
Financial Position Analysis
Short Term Liabilities: ENLC's short term assets ($808.1M) do not cover its short term liabilities ($1.0B).
Long Term Liabilities: ENLC's short term assets ($808.1M) do not cover its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: ENLC's debt to equity ratio (143.9%) is considered high.
Reducing Debt: ENLC's debt to equity ratio has increased from 62.9% to 143.9% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ENLC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ENLC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 51.8% per year.
What is EnLink Midstream current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ENLC's dividend (4.52%) is higher than the bottom 25% of dividend payers in the US market (1.28%).
High Dividend: ENLC's dividend (4.52%) is in the top 25% of dividend payers in the US market (3.48%)
Stability and Growth of Payments
Stable Dividend: ENLC has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ENLC has only been paying a dividend for 7 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: ENLC is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: ENLC's dividends in 3 years are not forecast to be well covered by earnings (394.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Barry Davis (59 yo)
Mr. Barry E. Davis has been Executive Chairman of Sabine Pipe Line LLC., Chandeleur Pipe Line LLC., and EnLink Midstream GP, LLC since January 2, 2018. He has been Chief Executive Officer and Chairman of E...
CEO Compensation Analysis
Compensation vs Market: Barry's total compensation ($USD7.82M) is above average for companies of similar size in the US market ($USD5.18M).
Compensation vs Earnings: Barry's compensation has increased whilst the company is unprofitable.
Experienced Management: ENLC's management team is considered experienced (3.3 years average tenure).
Experienced Board: ENLC's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
EnLink Midstream, LLC's employee growth, exchange listings and data sources
- Name: EnLink Midstream, LLC
- Ticker: ENLC
- Exchange: NYSE
- Founded: 2013
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Implied Market Cap: US$4.646b
- Market Cap: US$4.056b
- Shares outstanding: 558.20m
- Website: https://www.enlink.com
Number of Employees
- EnLink Midstream, LLC
- 1722 Routh Street
- Suite 1300
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 23:06|
|End of Day Share Price||2021/10/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.