ENLC Stock Recent News

EnLink's EBITDA growth is dependent on finding enough projects or acquisitions that meet their investment threshold, with potential growth in the LNG export market. The massive LNG buildout in the US will have profound implications for Enlink and other midstream companies, with the potential for increased firm transportation fees and storage capacity expansion. ENLC's future looks bright with a recommendation to buy in the $9-10/unit price range, as their assets in Louisiana, Oklahoma, and the Barnett region will benefit from the increased demand for natural gas.

Energy midstream companies will produce a lot more excess free cash over the next five years. That will give them more money to return to investors via even higher dividends and share repurchases.

Enbridge has growth projects under development to drive growth through 2030. EnLink is looking to capitalize on the potentially massive carbon capture and sequestration opportunity.

EnLink Midstream (ENLC) came out with quarterly earnings of $0.12 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.07 per share a year ago.

EnLink reported record profits in 2022, up 22% YoY led by massive growth in the Permian and higher natural gas prices. EBITDA will grow to $1355MM in 2023, but much of that growth will be consumed by higher expenses.

EnLink Midstream, LLC recently lifted their dividend circa 11% higher. They also posted impressive cash flow performance during 2022 that built upon their already very strong results from 2021.

EnLink Midstream, LLC (NYSE:ENLC ) Q4 2022 Earnings Conference Call February 15, 2023 9:00 AM ET Company Participants Brian Brungardt - Director, IR Jesse Arenivas - CEO Ben Lamb - EVP & CFO Walter Pinto - EVP & COO Conference Call Participants Colton Bean - Tudor Pickering Holt Christopher Jeffrey - Mizuho Michael Cusimano - Pickering Energy Partners Spiro Dounis - Citi Rahul Krotthapalli - JP Morgan Sunil Sibal - Seaport Global Operator Greetings. Welcome to the Fourth Quarter 2022 EnLink Midstream Earnings Conference Call and Webcast.

EnLink Midstream (ENLC) delivered earnings and revenue surprises of 73.68% and 27.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, EnLink Midstream (ENLC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

EnLink Midstream (ENLC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.