EnLink Midstream

OverviewSuggest Edit

EnLink Midstream is a company that operates a differentiated midstream platform. It focuses on providing midstream energy services including gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling NGLs; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, in addition to brine disposal services. The company 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.

TypePublic
Founded2014
HQDallas, TX, US
Websiteenlink.com
Employee Ratings3.6
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2020)1,069(-21%)
Job Openings49
Revenue (FY, 2021)$6.7 B(+72%)
Share Price (Aug 2022)$9.6(-1%)
Cybersecurity ratingBMore
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Key People/Management at EnLink Midstream

Barry E. Davis

Barry E. Davis

Chairman and Chief Executive Officer
Alaina K. Brooks

Alaina K. Brooks

Executive Vice President, Chief Legal and Administrative Officer, and Secretary
Pablo G. Mercado

Pablo G. Mercado

Executive Vice President and Chief Financial Officer
Benjamin D. Lamb

Benjamin D. Lamb

Executive Vice President and Chief Operating Officer
Leldon E. Echols

Leldon E. Echols

Director
Kyle D. Vann

Kyle D. Vann

Director
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EnLink Midstream Office Locations

EnLink Midstream has an office in Dallas
Dallas, TX, US (HQ)
1722 Routh St #1300
Show all (1)

EnLink Midstream Financials and Metrics

EnLink Midstream Revenue

EnLink Midstream's revenue was reported to be $6.69 b in FY, 2021
USD

Revenue (Q1, 2022)

2.2b

Net income (Q1, 2022)

35.2m

EBIT (Q1, 2022)

125.3m

Market capitalization (1-Aug-2022)

4.7b

Closing stock price (1-Aug-2022)

9.6

Cash (31-Mar-2022)

68.7m
EnLink Midstream's current market capitalization is $4.7 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

7.7b6.1b3.9b6.7b

Revenue growth, %

(21%)(36%)

Cost of goods sold

6.0b4.4b2.4b5.2b

Gross profit

1.7b1.7b1.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

1.8b1.8b2.1b1.8b1.7b1.4b1.2b744.9m928.5m1.2b1.2b1.6b2.2b

Cost of goods sold

1.4b1.3b1.7b1.4b1.3b999.5m755.3m397.7m549.5m934.7m1.8b

Gross profit

380.2m439.1m417.7m415.8m403.0m408.5m400.8m347.2m379.0m313.7m

Gross profit Margin, %

22%25%20%23%24%29%35%47%41%25%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

100.4m77.4m39.6m26.2m

Accounts Receivable

126.3m36.2m80.6m94.9m

Prepaid Expenses

74.2m57.8m

Current Assets

1.0b644.4m651.4m920.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

17.2m36.8m64.8m700.0k59.0m102.2m258.1m52.0m78.9m72.8m32.8m36.1m68.7m

Accounts Receivable

78.3m73.2m198.0m104.2m78.4m44.1m34.2m82.0m58.3m55.3m88.5m70.4m

Prepaid Expenses

33.6m99.1m155.1m73.4m72.8m68.5m

Current Assets

846.9m915.2m1.2b821.6m703.6m674.8m723.7m507.2m581.4m725.4m808.1m992.7m1.2b
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(32.8m)(999.6m)(315.6m)142.9m

Depreciation and Amortization

577.3m617.0m638.6m607.5m

Accounts Payable

58.3m(245.5m)(104.8m)328.3m

Cash From Operating Activities

847.6m991.9m731.1m857.3m
USDQ1, 2018

Debt/Equity

0.7 x

Debt/Assets

0.4 x

Financial Leverage

1.9 x

P/E Ratio

195.1
Show all financial metrics

EnLink Midstream Operating Metrics

Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020

Natural Gas Processing Plants

202020202021212121212222

Pipelines Network, miles

11 k11 k11 k11 k11 k12 k12 k12 k12 k12 k11.8 k11.9 k

Gathering and Transportation Volume (Permian), Mmbtu/d

657.5 k676 k751.4 k723.4 k831.1 k871.5 k923.4 k890.8 k

Processing Volume (Permian), Mmbtu/d

712 k724.1 k798.2 k771.4 k861.7 k896.1 k929.9 k899 k

EnLink Midstream Acquisitions / Subsidiaries

Company NameDateDeal Size
Tall Oak MidstreamJanuary 07, 2016$1.55 b
Acacia Natural Gas, L.L.C.
Ascension Pipeline Company, LLC
Bridgeline Holdings, L.P.
Cedar Cove Midstream LLC
Coronado Midstream LLC
Delaware G&P LLC
Delaware Processing LLC
EnLink Appalachia, LLC
EnLink Appalachian Compression, LLC
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EnLink Midstream Revenue Breakdown

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EnLink Midstream revenue breakdown by geographic segment: 36.6% from Permian, 17.0% from Oklahoma, 37.8% from Louisiana and 8.7% from Texas

Human Capital Metrics

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EnLink Midstream Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

EnLink Midstream Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

EnLink Midstream Online and Social Media Presence

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EnLink Midstream Company Culture

  • Overall Culture

    A+

    90/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A+

    100/100

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EnLink Midstream News and Updates

EnLink Midstream Declares Quarterly Distribution and Schedules Call to Discuss Second Quarter 2022 Earnings

DALLAS, July 18, 2022 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the second quarter of 2022 and announced it will host a webcast and conference call on Thursday, August 4, at 8 a.m. Central time to discuss its second quarter...

EnLink Midstream Announces Retirement of Chairman and CEO Barry Davis, Names Jesse Arenivas as New CEO

Leldon Echols to become Chairman of the EnLink Board of Directors DALLAS, June 14, 2022 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today that Chairman and CEO Barry E. Davis will retire from EnLink, the company he led the founding of, after more than 25 years of...

EnLink Midstream Agrees to Acquire North Texas Gathering and Processing System

Significant operational synergies and redeployment of assets anticipated to result in leverage neutral transaction with attractive economics DALLAS, May 25, 2022 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today that it has entered into a definitive agreement to...

EnLink Midstream Appoints Two New Directors to Board

DALLAS, Dec. 23, 2020 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced the appointment of two new directors to its Board of Directors, one from Global Infrastructure Partners (GIP) and one from TPG Capital (TPG). The new directors replace existing directors from...

EnLink Midstream Announces Proposed Offering of Senior Notes

DALLAS, Dec. 14, 2020 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced its intention, subject to market conditions, to commence an offering of $500.0 million aggregate principal amount of senior notes due January 2028 (the Senior Notes). The Senior Notes will be...

EnLink Midstream Provides Financial Strategy Update and Further Reduces Distribution and Expenses

DALLAS, March 24, 2020 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced an update regarding its financial strategy, including a reduction in its quarterly common unit distribution and additional reductions in operating and general and administrative expenses....
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EnLink Midstream Frequently Asked Questions

  • When was EnLink Midstream founded?

    EnLink Midstream was founded in 2014.

  • Who are EnLink Midstream key executives?

    EnLink Midstream's key executives are Barry E. Davis, Alaina K. Brooks and Pablo G. Mercado.

  • How many employees does EnLink Midstream have?

    EnLink Midstream has 1,069 employees.

  • What is EnLink Midstream revenue?

    Latest EnLink Midstream annual revenue is $6.7 b.

  • What is EnLink Midstream revenue per employee?

    Latest EnLink Midstream revenue per employee is $6.3 m.

  • Who are EnLink Midstream competitors?

    Competitors of EnLink Midstream include Summit Midstream Partners, Enterprise Products Partners and DCP Midstream Partners.

  • Where is EnLink Midstream headquarters?

    EnLink Midstream headquarters is located at 1722 Routh St #1300, Dallas.

  • Where are EnLink Midstream offices?

    EnLink Midstream has an office in Dallas.

  • How many offices does EnLink Midstream have?

    EnLink Midstream has 1 office.