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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.
TypePublic
Founded2014
HQDallas, US
Websiteenlink.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Nov 2018)1,494(+2%)
Job Openings101
Revenue (FY, 2018)$7.7 B(+82%)
Share Price (Jan 2019)$12.1 (-3%)

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)
2501 Cedar Springs Rd #100
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EnLink Midstream Financials and Metrics

EnLink Midstream Revenue

EnLink Midstream's revenue was reported to be $7.70 b in FY, 2018
USD

Revenue (FY, 2018)

7.7b

Gross profit (FY, 2018)

1.7b

Gross profit margin (FY, 2018), %

22%

Market capitalization (25-Jan-2019)

4.3b

Closing stock price (25-Jan-2019)

12.1
EnLink Midstream's current market capitalization is $4.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2018

Revenue

1.9b2.4b4.5b4.3b7.7b

Revenue growth, %

2%24%85%(4%)

Cost of goods sold

2.5b3.2b3.0b6.0b

Gross profit

(81.8m)1.2b1.2b1.7b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2016Q3, 2016Q2, 2017Q2, 2018

Revenue

468.4m231.9m751.8m644.1m773.1m1.0b1.1b1.3b

Cost of goods sold

732.4m788.2m932.4m

Gross profit

300.8m316.4m331.2m

Gross profit Margin, %

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

Cash

779.0k17.7m8.1m15.6m57.0k9.6m5.9m11.7m

Accounts Receivable

Inventories

Current Assets

313.2m313.2m570.2m472.1m773.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

9.0k218.4m15.9m24.1m34.2m8.1m5.7m10.1m60.0m14.8m11.2m

Current Assets

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

Goodwill

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

Total Assets

2.6b7.8b7.8b7.9b9.4b9.6b8.8b8.9b9.0b9.1b9.1b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

140.0m280.3m

Accounts Payable

373.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018

Net Income

(95.4m)54.6m84.1m85.7m35.0m44.6m(755.9m)(559.7m)13.3m46.0m178.0m

Depreciation and Amortization

101.6m47.9m72.7m71.6m90.0m189.0m246.8m373.0m128.3m

Cash From Operating Activities

88.6m508.0m299.6m174.2m533.0m

Purchases of PP&E

(397.4m)(288.2m)(256.3m)
USDY, 2018

Revenue/Employee

5.2m
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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

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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 Files 2018 Annual Report

DALLAS, Feb. 20, 2019 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) today announced the filing of its Annual Report on Form 10-K for the fiscal year ending December 31, 2018, with the Securities and Exchange Commission. A copy of the 10-K may be found on EnLink's website at...

EnLink Midstream Closes Simplification Transaction

DALLAS, Jan. 25, 2019 /PRNewswire/ -- EnLink Midstream Partners, LP (the Partnership or ENLK) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner or ENLC) today announced the completion of the previously announced simplification transaction whereby ENLC acquired all common units...

EnLink Midstream Partners Announces 2018 Schedule K-1 Availability

DALLAS, Jan. 17, 2019 /PRNewswire/ -- EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership) today announced that its 2018 tax package, which includes the Schedule K-1 (Form 1065) for common unitholders and Series C Preferred Unitholders, will be available online beginning February...

EnLink Midstream Declares Quarterly Distributions for Fourth Quarter 2018

DALLAS, Jan. 14, 2019 /PRNewswire/ -- The EnLink Midstream companies, EnLink Midstream, LLC (NYSE: ENLC) (the General Partner) and EnLink Midstream Partners, LP (NYSE: ENLK) (the Master Limited Partnership), today announced their respective quarterly declared distributions for the fourth...

EnLink Midstream Enters Into $850 Million Term Loan and Agreement to Refinance $1.75 Billion of Credit Facilities

DALLAS, Dec. 12, 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 ENLK has entered into an $850 million, three-year...

EnLink Midstream Announces Details for Special Meeting to Vote on Proposed Simplification Transaction

DALLAS, Dec. 10, 2018 /PRNewswire/ -- The EnLink Midstream companies (EnLink), EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership or ENLK) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner of ENLC), today announced that a special meeting of ENLK's unitholders will be...
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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, Michael J. Garberding and Eric D. Batchelder.

  • How many employees does EnLink Midstream have?

    EnLink Midstream has 1,494 employees.

  • What is EnLink Midstream revenue?

    Latest EnLink Midstream annual revenue is $7.7 b.

  • What is EnLink Midstream revenue per employee?

    Latest EnLink Midstream revenue per employee is $5.2 m.

  • Who are EnLink Midstream competitors?

    Competitors of EnLink Midstream include Plains All American Pipeline, Frontline and Avance Gas Holding .

  • Where is EnLink Midstream headquarters?

    EnLink Midstream headquarters is located at 2501 Cedar Springs Rd #100, 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.