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EnLink MidstreamNYSE:ENLC Stock Report

Last Price


Market Cap







16 Jan, 2022


Company Financials +
ENLC fundamental analysis
Snowflake Score
Future Growth3/6
Past Performance0/6
Financial Health2/6

ENLC Stock Overview

EnLink Midstream, LLC provides midstream energy services in the United States.

EnLink Midstream Competitors

Kinder Morgan



Williams Companies






Energy Transfer



Price History & Performance

Summary of all time highs, changes and price drops for EnLink Midstream
Historical stock prices
Current Share PriceUS$7.78
52 Week HighUS$8.64
52 Week LowUS$3.69
1 Month Change26.50%
3 Month Change-5.81%
1 Year Change83.92%
3 Year Change-33.62%
5 Year Change-58.40%
Change since IPO-78.74%

Recent News & Updates

Jan 06

EnLink Midstream Shares Continue To Offer Huge Upside

Despite a fierce run higher in 2021, ENLC shares remain cheap. Increasing Permian activity will drive the company’s growth. ENLC shares offer a safe yield, increasing dividends, and a total return of nearly 100% over the next three to five years.

Dec 29
EnLink Midstream, LLC's (NYSE:ENLC) Intrinsic Value Is Potentially 77% Above Its Share Price

EnLink Midstream, LLC's (NYSE:ENLC) Intrinsic Value Is Potentially 77% Above Its Share Price

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of EnLink Midstream, LLC...

Dec 02

EnLink Midstream: All The Ingredients For Higher Distributions In 2022

EnLink Midstream had a bumpy start to 2021 but when looking ahead, they have all the ingredients for higher distributions in 2022. After a business-as-usual second and third quarter of 2021, management has signaled a clear desire to push their distributions higher quite soon. They generate ample free cash flow to potentially double their distributions, although time will tell how much they are increased. Whilst their leverage remains high, it does not impede their ability to provide higher distributions and should trend lower as they reduce their net debt. Following this positive outlook, it should be no surprise that I believe my bullish rating remains appropriate.

Oct 09
Here's Why EnLink Midstream (NYSE:ENLC) Has A Meaningful Debt Burden

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...

Shareholder Returns

ENLCUS Oil and GasUS Market

Return vs Industry: ENLC exceeded the US Oil and Gas industry which returned 49.1% over the past year.

Return vs Market: ENLC exceeded the US Market which returned 13.7% over the past year.

Price Volatility

Is ENLC's price volatile compared to industry and market?
ENLC volatility
ENLC Average Weekly Movement5.3%
Oil and Gas Industry Average Movement7.2%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: ENLC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ENLC's weekly volatility (5%) has been stable over the past year.

About the Company

20131,069Barry Davis

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

How do EnLink Midstream's earnings and revenue compare to its market cap?
ENLC fundamental statistics
Market CapUS$4.34b
Earnings (TTM)-US$177.20m
Revenue (TTM)US$5.68b


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENLC income statement (TTM)
Cost of RevenueUS$4.08b
Gross ProfitUS$1.60b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date


Earnings per share (EPS)-0.32
Gross Margin28.18%
Net Profit Margin-3.12%
Debt/Equity Ratio143.8%

How did ENLC perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


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 ($7.78) is trading below our estimate of fair value ($10.73)

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 (3.3x) compared to the US Oil and Gas industry average (2.2x).

Future Growth

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 (3.9% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: ENLC's revenue (3.9% 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 (16.3%).

Past Performance

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 28.9% 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 (17.4%).

Return on Equity

High ROE: ENLC has a negative Return on Equity (-2.29%), as it is currently unprofitable.

Financial Health

How is EnLink Midstream's financial position?

Financial Position Analysis

Short Term Liabilities: ENLC's short term assets ($992.7M) do not cover its short term liabilities ($1.1B).

Long Term Liabilities: ENLC's short term assets ($992.7M) do not cover its long term liabilities ($4.5B).

Debt to Equity History and Analysis

Debt Level: ENLC's net debt to equity ratio (142.6%) is considered high.

Reducing Debt: ENLC's debt to equity ratio has increased from 59.8% to 143.8% over the past 5 years.

Balance Sheet

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 50% 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 (4.82%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: ENLC's dividend (4.82%) is in the top 25% of dividend payers in the US market (3.44%)

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 8 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 (370.4% payout ratio).

Next Steps


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 ($USD7.82M) is above average for companies of similar size in the US market ($USD5.13M).

Compensation vs Earnings: Barry's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: ENLC's management team is considered experienced (4 years average tenure).

Board Members

Experienced Board: ENLC's board of directors are not considered experienced ( 2.7 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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

EnLink Midstream, LLC's employee growth, exchange listings and data sources

Key Information

  • Name: EnLink Midstream, LLC
  • Ticker: ENLC
  • Exchange: NYSE
  • Founded: 2013
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: US$4.339b
  • Market Cap: US$3.796b
  • Shares outstanding: 557.71m
  • Website:

Number of Employees


  • EnLink Midstream, LLC
  • 1722 Routh Street
  • Suite 1300
  • Dallas
  • Texas
  • 75201
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:09
End of Day Share Price2022/01/14 00:00
Annual Earnings2020/12/31

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.