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EnLink Midstream Partners

NYSE:ENLK
Snowflake Description

Second-rate dividend payer with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ENLK
NYSE
$4B
Imp Market Cap
  1. Home
  2. US
  3. Energy
Company description

EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. The last earnings update was 81 days ago. More info.


Add to Portfolio Compare Print
  • EnLink Midstream Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • EnLink Midstream Partners has significant price volatility in the past 3 months.
ENLK Share Price and Events
7 Day Returns
-11.3%
NYSE:ENLK
-1.7%
US Oil and Gas
-0%
US Market
1 Year Returns
-34.2%
NYSE:ENLK
-17.1%
US Oil and Gas
-7.7%
US Market
ENLK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EnLink Midstream Partners (ENLK) -11.3% 9.7% -20.1% -34.2% 0.5% -56.2%
US Oil and Gas -1.7% 8.9% -6.2% -17.1% 11.9% -24.9%
US Market -0% 8.1% 1.2% -7.7% 37.7% 40.9%
1 Year Return vs Industry and Market
  • ENLK underperformed the Oil and Gas industry which returned -17.1% over the past year.
  • ENLK underperformed the Market in United States of America which returned -7.7% over the past year.
Price Volatility
ENLK
Industry
5yr Volatility vs Market

ENLK Value

 Is EnLink Midstream Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for EnLink Midstream Partners. This is due to cash flow or dividend data being unavailable. The share price is $12.05.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for EnLink Midstream Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EnLink Midstream Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ENLK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.35
NYSE:ENLK Share Price ** NYSE (2019-01-25) in USD $12.05
United States of America Oil and Gas Industry PE Ratio Median Figure of 91 Publicly-Listed Oil and Gas Companies 12.11x
United States of America Market PE Ratio Median Figure of 3,028 Publicly-Listed Companies 16.71x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of EnLink Midstream Partners.

NYSE:ENLK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ENLK Share Price ÷ EPS (both in USD)

= 12.05 ÷ 0.35

34.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EnLink Midstream Partners is overvalued based on earnings compared to the US Oil and Gas industry average.
  • EnLink Midstream Partners is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does EnLink Midstream Partners's expected growth come at a high price?
Raw Data
NYSE:ENLK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
11.2%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.49x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

NYSE:ENLK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 34.8x ÷ 11.2%

3.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EnLink Midstream Partners is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on EnLink Midstream Partners's assets?
Raw Data
NYSE:ENLK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $7.13
NYSE:ENLK Share Price * NYSE (2019-01-25) in USD $12.05
United States of America Oil and Gas Industry PB Ratio Median Figure of 193 Publicly-Listed Oil and Gas Companies 1.13x
United States of America Market PB Ratio Median Figure of 5,103 Publicly-Listed Companies 1.78x
NYSE:ENLK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ENLK Share Price ÷ Book Value per Share (both in USD)

= 12.05 ÷ 7.13

1.69x

* Primary Listing of EnLink Midstream Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EnLink Midstream Partners is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess EnLink Midstream Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. EnLink Midstream Partners has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ENLK Future Performance

 How is EnLink Midstream Partners expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EnLink Midstream Partners expected to grow at an attractive rate?
  • EnLink Midstream Partners's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • EnLink Midstream Partners's earnings growth is positive but not above the United States of America market average.
  • EnLink Midstream Partners's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ENLK Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ENLK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 11.2%
NYSE:ENLK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.2%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 11.2%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 6.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:ENLK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ENLK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 7,748 1
2021-12-31 7,438 1
2020-12-31 9,160 966 164 5
2019-12-31 8,464 954 104 9
2018-12-31 7,699 790 120 9
NYSE:ENLK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 7,420 717 121
2018-06-30 6,704 805 108
2018-03-31 6,186 725 49
2017-12-31 5,744 707 18
2017-09-30 5,214 686 -82
2017-06-30 4,916 695 -85
2017-03-31 4,693 648 -108
2016-12-31 4,264 663 -662
2016-09-30 4,098 647 -1,315
2016-06-30 4,158 653 -2,062
2016-03-31 4,393 663 -2,003
2015-12-31 4,443 646 -1,430

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • EnLink Midstream Partners's earnings are expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
  • EnLink Midstream Partners's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:ENLK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from EnLink Midstream Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ENLK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.47 0.55 0.38 3.00
2019-12-31 0.30 0.38 0.22 6.00
2018-12-31 0.35 0.38 0.28 7.00
NYSE:ENLK Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.35
2018-06-30 0.31
2018-03-31 0.14
2017-12-31 0.05
2017-09-30 -0.24
2017-06-30 -0.25
2017-03-31 -0.32
2016-12-31 -1.99
2016-09-30 -3.97
2016-06-30 -6.27
2016-03-31 -6.17
2015-12-31 -4.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • EnLink Midstream Partners is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess EnLink Midstream Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
EnLink Midstream Partners has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ENLK Past Performance

  How has EnLink Midstream Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare EnLink Midstream Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • EnLink Midstream Partners's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • EnLink Midstream Partners has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • EnLink Midstream Partners has become profitable in the last year making it difficult to compare the US Oil and Gas industry average.
Earnings and Revenue History
EnLink Midstream Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from EnLink Midstream Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ENLK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 7,420.10 121.30 570.60
2018-06-30 6,703.80 107.60 548.80
2018-03-31 6,185.90 48.60 538.50
2017-12-31 5,743.80 17.90 542.20
2017-09-30 5,213.90 -82.30 535.90
2017-06-30 4,915.60 -85.00 530.10
2017-03-31 4,692.50 -107.50 526.50
2016-12-31 4,263.50 -662.10 514.10
2016-09-30 4,097.80 -1,315.30 514.50
2016-06-30 4,158.10 -2,062.40 526.70
2016-03-31 4,392.50 -2,002.80 534.20
2015-12-31 4,442.70 -1,430.00 547.80
2015-09-30 4,355.10 -663.20 527.80
2015-06-30 4,046.10 136.00 492.60
2015-03-31 3,701.70 137.40 456.90
2014-12-31 3,485.70 135.10 378.10
2014-09-30 3,112.40 209.50 318.20
2014-06-30 2,834.20 173.00 261.50
2014-03-31 2,493.30 131.70 211.60
2013-12-31 2,295.90 119.10 201.30
2013-09-30 2,219.08 -34.33 197.16
2013-06-30 2,085.83 -59.65 202.58
2013-03-31 1,892.23 -63.48 195.62
2012-12-31 1,907.80 82.10 191.60
2012-09-30 1,746.25 -35.91 181.71
2012-06-30 1,818.80 -21.98 171.53
2012-03-31 1,950.13 -17.54 168.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • EnLink Midstream Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • EnLink Midstream Partners used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • EnLink Midstream Partners has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess EnLink Midstream Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
EnLink Midstream Partners has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ENLK Health

 How is EnLink Midstream Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up EnLink Midstream Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EnLink Midstream Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • EnLink Midstream Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of EnLink Midstream Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from EnLink Midstream Partners Company Filings, last reported 3 months ago.

NYSE:ENLK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 4,677.20 4,235.50 63.60
2018-06-30 4,710.50 3,989.60 36.50
2018-03-31 4,736.50 3,838.80 16.80
2017-12-31 4,810.10 3,467.80 30.80
2017-09-30 4,870.60 3,466.80 141.70
2017-06-30 4,545.80 3,631.70 11.20
2017-03-31 4,616.10 3,478.10 14.80
2016-12-31 4,645.60 3,268.00 204.70
2016-09-30 4,736.90 3,222.80 60.00
2016-06-30 4,645.80 3,349.60 10.10
2016-03-31 4,717.60 3,195.60 5.70
2015-12-31 4,441.50 3,066.80 5.90
2015-09-30 5,218.30 2,851.50 24.90
2015-06-30 6,081.50 2,845.90 8.10
2015-03-31 6,185.20 2,513.00 34.20
2014-12-31 6,025.90 2,035.70 9.60
2014-09-30 5,590.20 1,767.40 24.10
2014-06-30 5,598.30 1,596.80
2014-03-31 5,597.70 1,636.50 218.40
2013-12-31 1,783.70 0.00
2013-09-30 1,224.67 1,065.55 0.01
2013-06-30 1,307.21 989.90 41.94
2013-03-31 1,164.98 1,002.24 0.04
2012-12-31 1,009.08 1,065.66 0.12
2012-09-30 1,056.26 996.38 2.52
2012-06-30 1,022.84 1,039.19 4.96
2012-03-31 882.98 880.49 20.63
  • EnLink Midstream Partners's level of debt (90.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (85.6% vs 90.6% today).
  • Debt is not well covered by operating cash flow (16.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess EnLink Midstream Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. EnLink Midstream Partners has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ENLK Dividends

 What is EnLink Midstream Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
12.95%
Current annual income from EnLink Midstream Partners dividends. Estimated to be 13.26% next year.
If you bought $2,000 of EnLink Midstream Partners shares you are expected to receive $259 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • EnLink Midstream Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • EnLink Midstream Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:ENLK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 3.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1988 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:ENLK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.71 1.00
2022-12-31 1.67 3.00
2021-12-31 1.63 3.00
2020-12-31 1.60 10.00
2019-12-31 1.56 12.00
2018-12-31 1.56 12.00
NYSE:ENLK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-14 1.560 12.204
2018-10-18 1.560 11.672
2018-07-18 1.560 8.724
2018-04-19 1.560 9.913
2018-01-18 1.560 10.348
2017-10-20 1.560 9.891
2017-08-02 1.560 9.734
2017-08-01 1.560 9.303
2017-04-21 1.560 9.185
2017-01-19 1.560 8.471
2016-10-20 1.560 8.941
2016-07-20 1.560 8.859
2016-04-21 1.560 10.024
2016-01-21 1.560 14.740
2015-10-21 1.560 10.388
2015-08-05 1.540 8.881
2015-04-23 1.520 6.604
2015-01-20 1.500 5.548
2014-10-22 1.480 5.207
2014-07-25 1.460 4.838
2014-04-25 1.440 4.662
2014-01-21 1.440 4.776
2013-10-18 1.360 5.190
2013-07-19 1.320 6.693
2013-04-18 1.320 6.585
2013-01-22 1.320 7.375
2012-10-22 1.320 8.914
2012-07-19 1.320 8.516
2012-04-19 1.320 8.072
2012-01-19 1.280 7.589
2011-10-21 1.240 7.676
2011-07-19 1.240 7.595
2011-04-19 1.160 6.503
2011-01-19 1.040 6.421
2010-10-19 1.000 7.093
2010-08-06 0.000 0.000
2010-05-07 0.000 0.000
2010-03-01 0.000 0.000
2009-11-06 0.000 0.000
2009-08-07 0.000 0.000
2009-03-02 0.000 0.000
2009-01-29 1.000 26.768
2009-01-28 2.000 41.033

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of EnLink Midstream Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.3x coverage).
X
Income/ dividend checks
We assess EnLink Midstream Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can EnLink Midstream Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EnLink Midstream Partners has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ENLK Management

 What is the CEO of EnLink Midstream Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Garberding
COMPENSATION $3,543,564
AGE 49
TENURE AS CEO 1 years
CEO Bio

Mr. Michael J. Garberding, also known as Mike, has been Chief Executive Officer and President of EnLink Midstream GP, LLC since January 2, 2017. He is Chief Executive Officer at Sabine Pipe Line LLC. and Chandeleur Pipe Line LLC since January 2, 2018 and served as its Chief Financial Officer until January 2, 2018. He has been Chief Executive Officer and President at EnLink Midstream Partners, LP since January 2, 2018. He has been Chief Executive Officer and President of EnLink Midstream Manager, LLC since January 2, 2018. He served as the Chief Financial Officer of EnLink Midstream, LLC and EnLink Midstream GP, LLC, the General Partner of EnLink Midstream Partners, LP since August 15, 2011 until January 2, 2018 and their President since September 2016 and also served as their Chief Accounting Officer. Mr. Garberding served as the Chief Accounting Officer and Executive Vice President of Enlink Midstream, Inc. (formerly, Crosstex Energy Inc.) and its Chief Financial Officer since August 2011. He served as the Chief Financial Officer and Executive Vice President of Enlink Midstream Manager, LLC, Managing Member of Midstream Manager, LLC since March 7, 2014 until January 2, 2018. He serves as the Chief Accounting Officer at Enlink Midstream Manager, LLC. He serves as the Chief Financial Officer, Principal Accounting Officer and Executive Vice President of Crosstex Crude Marketing, LLC. He has been Executive Vice President of Crosstex Energy GP LLC since January 2013 and serves as its Principal Accounting Officer. Mr. Garberding served as Executive Vice President of EnLink Midstream GP, LLC from January 2013 to September 2016 and served as Executive Vice President of Enlink Midstream LLC until September 2016. He served as Senior Vice President of Finance at Enlink Midstream, Inc. since joining in February 2008 and also served as its Senior Vice President since August 2011. He served as Senior Vice President of Finance of Crosstex Energy GP LLC. He led the finance and business development organization for Crosstex Energy, L.P. He has 20 years experience in finance and accounting. From 2002 to 2008, he held various finance and business development positions at TXU Corporation including Assistant Treasurer. In addition, he worked at Enron North America as a Finance Manager and Arthur Andersen LLP as an Audit Manager. He has been a Director of EnLink Midstream, Inc. since March 7, 2014. Mr. Garberding received his Masters in Business Administration from the University of Michigan in 1999 and his B.B.A. in Accounting from Texas A&M University in 1991.

CEO Compensation
  • Mike's compensation has been consistent with company performance over the past year.
  • Mike's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the EnLink Midstream Partners management team in years:

1.2
Average Tenure
46
Average Age
  • The average tenure for the EnLink Midstream Partners management team is less than 2 years, this suggests a new team.
Management Team

Barry Davis

TITLE
Executive Chairman of the Board
COMPENSATION
$7M
AGE
56

Mike Garberding

TITLE
President
COMPENSATION
$4M
AGE
49
TENURE
1 yrs

Ben Lamb

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
38
TENURE
0.6 yrs

Eric Batchelder

TITLE
Executive VP & CFO
AGE
46
TENURE
1 yrs

Alaina Brooks

TITLE
Executive VP
AGE
43

Kate Walsh

TITLE
Vice President of Investor Relations & Tax

Jill McMillan

TITLE
Vice President of Public & Industry Affairs - EnLink Midstream GP LLC

Rhonda Price

TITLE
Senior Vice President of Human Resources - Enlink Midstream GP LLC
TENURE
1.3 yrs

Cindy Jaggi

TITLE
Senior Vice President of Oklahoma
TENURE
3 yrs

Michael Leblanc

TITLE
Senior Vice President of Liquids Business Unit Operations of Enlink Midstream Gp Llc
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the EnLink Midstream Partners board of directors in years:

1
Average Tenure
57
Average Age
  • The average tenure for the EnLink Midstream Partners board of directors is less than 3 years, this suggests a new board.
Board of Directors

Barry Davis

TITLE
Executive Chairman of the Board
COMPENSATION
$7M
AGE
56
TENURE
1 yrs

Mike Garberding

TITLE
President
COMPENSATION
$4M
AGE
49
TENURE
1 yrs

Kyle Vann

TITLE
Director
COMPENSATION
$225K
AGE
71
TENURE
12.8 yrs

Lel Echols

TITLE
Director
COMPENSATION
$204K
AGE
62
TENURE
11 yrs

Scott Griffiths

TITLE
Director
COMPENSATION
$207K
AGE
63
TENURE
4.8 yrs

Chris Ortega

TITLE
Director
AGE
42
TENURE
3 yrs

William Brilliant

TITLE
Director
AGE
42
TENURE
0.5 yrs

Matthew Harris

TITLE
Director
AGE
57
TENURE
0.5 yrs

Bill Woodburn

TITLE
Director
AGE
67
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
23. Oct 18 Buy Goldman Sachs Group, Investment Banking and Securities Investments Company 19. Oct 18 19. Oct 18 16,700 $18.26 $304,942
13. Sep 18 Buy Goldman Sachs Group, Investment Banking and Securities Investments Company 23. Aug 18 24. Aug 18 433,421 $18.79 $8,120,490
08. Aug 18 Sell Alaina Brooks Individual 06. Aug 18 06. Aug 18 -55,619 $17.65 $-981,675
17. May 18 Sell Susan McAden Individual 15. May 18 15. May 18 -14,929 $16.29 $-243,193
X
Management checks
We assess EnLink Midstream Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. EnLink Midstream Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ENLK News

Simply Wall St News

Is EnLink Midstream Partners LP (NYSE:ENLK) Undervalued After Accounting For Its Future Growth?

EnLink Midstream Partners LP (NYSE:ENLK) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of $18.32 is based on unrealistic expectations. … View our latest analysis for EnLink Midstream Partners? … EnLink Midstream Partners is poised for significantly high earnings growth in the near future

Simply Wall St -

Is EnLink Midstream Partners LP's (NYSE:ENLK) PE Ratio A Signal To Sell For Investors?

which is times more expensive than the 13.43x average multiple of the Oil and Gas? … But can investors make a closing judgement of the company’s value based on this hefty multiple. … The answer is no, since important variables like the company’s potential to grow and debt levels are ignored in the PE’s calculation

Simply Wall St -

Is It Too Late To Buy EnLink Midstream Partners LP (NYSE:ENLK) At Its June Price?

EnLink Midstream Partners is available at price-to-earnings ratio of 127.43x, showing us it is overvalued based on current earnings compared to the oil and gas industry average of 13.89x , and overvalued compared to the US market average ratio of 18.52x. … A PE ratio of 127.43x and expected year-on-year earnings growth of 33.67% give EnLink Midstream Partners a quite high PEG ratio of 3.78x. … This tells us that when we include its growth in our analysis EnLink Midstream Partners's stock can be considered overvalued , based on fundamental analysis.

Simply Wall St -

Positive Sentiment Around EnLink Midstream Partners LP (NYSE:ENLK) Is Justified

I will conduct a high level fundamental analysis on the company by looking at its past financials and growth prospects moving forward. … Firstly, a quick intro on the company - EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. … I'm attracted to the company because of its strong fundamentals - financial health, future outlook and track record.

Simply Wall St -

How Financially Strong Is EnLink Midstream Partners LP (NYSE:ENLK)?

See our latest analysis for EnLink Midstream Partners How does ENLK’s operating cash flow stack up against its debt? … Additionally, ENLK has generated US$662.60M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 20.28%, meaning that ENLK’s current level of operating cash is high enough to cover debt. … Next Steps: ENLK’s debt and cash flow levels indicate room for improvement.

Simply Wall St -

Does EnLink Midstream Partners LP's (NYSE:ENLK) Latest Financial Perfomance Look Strong?

In this article, I will take a look at EnLink Midstream Partners LP's (NYSE:ENLK) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … See our latest analysis for EnLink Midstream Partners Did ENLK beat its long-term earnings growth trend and its industry? … For EnLink Midstream Partners, its latest earnings is -$82.3M, which, relative to the previous year's figure, has become less negative.

Simply Wall St -

What does EnLink Midstream Partners LP's (ENLK) Balance Sheet Tell Us Abouts Its Future?

See our latest analysis for ENLK Is ENLK’s level of debt at an acceptable level? … To assess this, I compare ENLK's cash and other liquid assets against its upcoming debt. … At its current level of cash flow coverage, investors should ask themselves if they believe ENLK can sustainably improve cash flows to better cushion for events which may require debt repayment.

Simply Wall St -

Why EnLink Midstream Partners LP (ENLK) Delivered An Inferior ROE Compared To The Industry

Check out our latest analysis for EnLink Midstream Partners What you must know about ROE Return on Equity (ROE) is a measure of ENLK’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NYSE:ENLK Last Perf Nov 1st 17 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient ENLK is with its cost management.

Simply Wall St -

ENLK Company Info

Map
Description

EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. It operates through Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate segments. The company provides gathering, transmission, processing, fractionation, storage, condensate stabilization, brine, and marketing services to producers of natural gas, natural gas liquids (NGL), crude oil, and condensate. It operates processing plants that remove NGLs from the natural gas stream that is transported to the processing plants by its own gathering systems or by third-party pipelines; and purchases natural gas and NGLs from producers and other supply sources, and sells that natural gas to utilities, industrial consumers, other marketers, and pipelines. The company also fractionates NGLs into purity products, such as ethane, propane, iso-butane, butane, and natural gasoline. It operates approximately 11,000 miles of pipelines, 20 natural gas processing plants, 7 fractionators, barge and rail terminals, product storage facilities, purchasing and marketing capabilities, and brine disposal wells, as well as a crude oil trucking fleet. EnLink Midstream GP, LLC serves as the general partner of the company. The company was formerly known as Crosstex Energy L.P. and changed its name to EnLink Midstream Partners, LP in March 2014. EnLink Midstream Partners, LP was founded in 1992 and is headquartered in Dallas, Texas.

Details
Name: EnLink Midstream Partners, LP
ENLK
Exchange: NYSE
Founded: 1992
$4,274,086,306
$4,254,866,869
354,695,959
Website: http://enlk.enlink.com/investor
Address: EnLink Midstream Partners, LP
1722 Routh Street,
Suite 1300,
Dallas,
Texas, 75201,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ENLK Common Units New York Stock Exchange US USD 12. Dec 2002
DB XTE Common Units Deutsche Boerse AG DE EUR 12. Dec 2002
Number of employees
Current staff
Staff numbers
1,494
EnLink Midstream Partners employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/27 23:49
End of day share price update: 2019/01/25 00:00
Last estimates confirmation: 2019/01/17
Last earnings filing: 2018/11/07
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.