EnLink Midstream

EnLink Midstream is a leading, integrated midstream company with a diverse geographic footprint and a strong financial foundation, delivering tailored customer solutions for sustainable growth. Our expansive gathering, processing, fractionation, transportation, and logistics assets are located in the most prolific oil and gas regions in North America, including the Gulf Coast, Permian, STACK, Cana, Arkoma-Woodford, North Texas, Haynesville, Utica, Marcellus, and Eagle Ford. We are delivering growth and unlocking value for our customers, employees, and investors through our proven expertise in leveraging our diversified assets and strategic relationships. EnLink Midstream formed in 2014 when Devon Energy agreed to combine substantially all of its midstream assets with Crosstex Energy to form a leading integrated midstream company with enhanced size and scale in core operating regions. This strategic combination generates strong unitholder value, fuels innovation, and drives growth. Devon and EnLink's strategic partnership continues today. Headquartered in Dallas, Texas, EnLink is well positioned for stable, long-term growth, enabling us to capitalize on the significant opportunities we see in the midstream industry.
Type
Public
HQ
Dallas, US
Founded
2014
Size (employees)
1,472 (est)+3%
Website
enlink.com
EnLink Midstream was founded in 2014 and is headquartered in Dallas, US

EnLink Midstream Office Locations

EnLink Midstream has an office in Dallas
Dallas, US (HQ)
100 2501 Cedar Springs Rd

EnLink Midstream Data and Metrics

EnLink Midstream Financial Metrics

EnLink Midstream's revenue was reported to be $4.3 b in FY, 2016 which is a 4% decrease from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

4.3 b

Revenue growth (FY, 2015 - FY, 2016), %

(4%)

Gross profit (FY, 2016)

1.2 b

Gross profit margin (FY, 2016), %

29%

Net income (FY, 2016)

(888.2 m)

EBIT (FY, 2016)

(674.5 m)

Market capitalization (26-May-2017)

6.1 b

Closing share price (26-May-2017)

17.4

Cash (31-Dec-2016)

11.7 m

EV

9.3 b
EnLink Midstream's current market capitalization is $6.1 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.9 b2.4 b4.5 b4.3 b

Revenue growth, %

2%24%85%(4%)

Cost of goods sold

1.5 b2.5 b3.2 b3 b

Gross profit

396.3 m(81.8 m)1.2 b1.2 b

Gross profit Margin, %

20%(3%)27%29%

General and administrative expense

97.3 m136.9 m122.5 m

Operating expense total

2 b3.1 b5.8 b4.9 b

EBIT

(36.1 m)356.3 m(1.3 b)(674.5 m)

EBIT margin, %

(2%)15%(29%)(16%)

Income tax expense

67 m(76.4 m)(25.7 m)(4.6 m)

Net Income

(113.1 m)252.7 m(1.4 b)(888.2 m)
Numbers are in $, USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

779 k17.7 m8.1 m15.6 m9.6 m5.9 m11.7 m

Accounts Receivable

Inventories

Current Assets

313.2 m570.2 m472.1 m773.3 m

Goodwill

153.8 m2.3 b987 m1.5 b

Total Assets

2.8 b8.6 b8.1 b10.3 b

Accounts Payable

17.8 m108.5 m32.7 m156.1 m

Total Debt

2 b3.1 b3.3 b

Current Liabilities

330 m478 m432 m887.5 m

Debt to Assets Ratio

0.2 x0.4 x0.3 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(113.1 m)312.3 m(1.4 b)(888.2 m)

Depreciation and Amortization

140 m280.3 m387.3 m503.9 m

Accounts Receivable

(4.2 m)

Inventories

Accounts Payable

373 k

Cash From Operating Activities

95.2 m477.8 m645.6 m662.6 m

Purchases of PP&E

(484.1 m)(763.6 m)(572.3 m)(663 m)

Cash From Investing Activities

(481.1 m)(1.1 b)(1.1 b)(1.4 b)

Cash From Financing Activities

385.9 m636.3 m448 m701.2 m

Interest Paid

89.4 m53.8 m109.4 m132.5 m

Income Taxes Paid

8.6 m7.1 m500 k2.8 m
Numbers are in $, USDY, 2016

EV/EBIT

-13.8 x

EV/CFO

14.1 x

Revenue/Employee

3 m

Debt/Assets

0.3 x

EnLink Midstream Operating Metrics

FY, 2016

Facilities

20

Pipelines Network, miles

11 k

EnLink Midstream Market Value History

EnLink Midstream Revenue Breakdown

EnLink Midstream Company Life and Culture

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