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.
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Type
Public
HQ
Dallas, US
Founded
2014
Size (employees)
1,472 (est)
Website
enlink.com
EnLink Midstream was founded in 2014 and is headquartered in Dallas, US
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Key People/Management at EnLink Midstream

Barry E. Davis

Barry E. Davis

Executive Chairman
Michael J. Garberding

Michael J. Garberding

President and Chief Executive Officer
Eric D. Batchelder

Eric D. Batchelder

Executive Vice President and Chief Financial Officer
Alaina K. Brooks

Alaina K. Brooks

Executive Vice President, Chief Legal and Administrative Officer, and Secretary
Benjamin D. Lamb

Benjamin D. Lamb

Executive Vice President and Chief Operating Officer
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EnLink Midstream Office Locations

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

EnLink Midstream Revenue

EnLink Midstream's revenue was reported to be $4.25 b in FY, 2016 which is a 4.5% decrease from the previous period.
USD

Market capitalization (11-Jul-2018)

5.3 b

Closing share price (11-Jul-2018)

15.3
EnLink Midstream's current market capitalization is $5.3 b.
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

468.4 m231.9 m751.8 m644.1 m773.1 m1.3 b1.2 b889.7 m1 b1.1 b1.3 b1.3 b

Cost of goods sold

968.2 m861.8 m586.2 m732.4 m788.2 m1 b932.4 m

Gross profit

306.3 m308.8 m303.5 m300.8 m316.4 m319.6 m331.2 m

Gross profit Margin, %

24%26%34%29%29%24%26%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

9 k218.4 m15.9 m24.1 m34.2 m8.1 m24.9 m5.7 m10.1 m60 m14.8 m11.2 m

Current Assets

227.1 m634.3 m464.2 m462.3 m593.6 m633.3 m577.2 m437.9 m490.2 m538.8 m559.3 m554.8 m

Goodwill

153.8 m2.4 b2.3 b2.3 b2.3 b2.3 b1.7 b420.7 m421.4 m422.3 m422.3 m422.3 m

Total Assets

2.6 b7.8 b7.8 b7.9 b9.4 b9.6 b8.8 b8.9 b9 b9.1 b9.1 b9.1 b
Annual
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 Payable

373 k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(78.8 m)54.6 m84.1 m85.7 m35 m44.6 m(755.9 m)(562.9 m)(559.7 m)(542.2 m)13.3 m46 m

Depreciation and Amortization

33.2 m47.9 m72.7 m71.6 m90 m189 m289.1 m121.9 m246.8 m373 m128.3 m270.8 m

Cash From Operating Activities

292.3 m508 m189.1 m299.6 m509.2 m174.2 m332.2 m

Purchases of PP&E

(349.2 m)(450.3 m)(135.4 m)(288.2 m)(423.7 m)(256.3 m)(471.7 m)
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EnLink Midstream Operating Metrics

FY, 2016

Facilities

20

Pipelines Network, miles

11 k
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EnLink Midstream Revenue Breakdown

Embed Graph

EnLink Midstream revenue breakdown by business segment: 100.0% from Crude and Condensate

EnLink Midstream revenue breakdown by geographic segment: 12.4% from Texas, 85.1% from Louisiana and 2.5% from Other

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EnLink Midstream News and Updates

EnLink Midstream Presents at J.P. Morgan 2018 Energy Conference

DALLAS, June 18, 2018 /PRNewswire/ -- The EnLink Midstream companies (EnLink), EnLink Midstream, LLC (NYSE: ENLC), the General Partner, and EnLink Midstream Partners, LP (NYSE: ENLK), the Master Limited Partnership, announced today that Michael J. Garberding, EnLink's Presid...

UPDATE 2-Devon Energy to sell EnLink Midstream stakes as it streamlines assets

June 6 (Reuters) - Oil and gas producer Devon Energy Corp said on Wednesday it plans to sell its stakes in EnLink Midstream for $3.13 billion cash in a bid to streamline assets and pare debt.

UPDATE 1-Devon Energy to sell EnLink Midstream interests for $3.13 bln

June 6 (Reuters) - Oil and gas producer Devon Energy Corp said on Wednesday it plans to sell its interests in EnLink Midstream to an affiliate of fund manager Global Infrastructure Partners for $3.13 billion in cash.
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EnLink Midstream Company Life and Culture

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