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EnLink Midstream (ENLC)

Company Profile

Company profile

Ticker

ENLC

Exchange

Website

CEO

Mr. Jesse Arenivas CPA

Incorporated

Location

Fiscal year end

Sector

Mining, Quarrying, and Oil and Gas Extraction > Oil and Gas

Industry (SIC)

Natural Gas Transmission

Kinder Morgan • Energy Transfer • The Williams Companies, Inc. • Enterprise Products Partners • Southern California Gas Company PFD SER A 6% • Western Midstream Partners • NGL Energy Partners • Enable Midstream Partners • Midstream • Archrock ...

Former names

New Public Rangers, L.L.C.

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

EnLink Midstream Partners, LP ...

ENLC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$15.50

Low target

$15.00

High target

$16.00

Latest filings (excl ownership)

View all

Business combination disclosure

Business combination disclosure

Business combination disclosure

Business combination disclosure

Business combination disclosure

Business combination disclosure

Business combination disclosure

ONEOK Announces Agreement to Acquire Remaining Publicly Held Common Units in EnLink Midstream in a Tax-Free Transaction

Quarterly report

7 Nov 24

EnLink Midstream Reports Third Quarter 2024 Results

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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ONEOK INC /NEW/

Lyndon C Taylor

WALTER S HULSE III

Change in insider ownership

Global Infrastructure Investors III, LLC

ONEOK INC /NEW/

ALPS ADVISORS INC

Jan Philipp Rossbach

Financial summary

Financial statements Chart ENLC financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	10.40 mm	10.40 mm	10.40 mm	10.40 mm	10.40 mm	10.40 mm
Cash burn (monthly)	2.13 mm	3.70 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	5.96 mm	10.33 mm	n/a	n/a	n/a	n/a
Cash remaining	4.44 mm	68.98 k	n/a	n/a	n/a	n/a
Runway (months of cash)	2.1	0.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

ENLC institutional ownership history Ownership history

65.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	45	43	+4.7%
Opened positions	11	7	+57.1%
Closed positions	9	3	+200.0%
Increased positions	10	13	-23.1%
Reduced positions	14	13	+7.7%

13F shares	Current	Prev Q	Change
Total value	359.24 bn	470.83 bn	-23.7%
Total shares	297.25 mm	259.89 mm	+14.4%
Total puts	260.00 k	0.00	NEW
Total calls	0.00	0.00
Total put/call ratio	Infinity	–	–

Largest owners	Shares	Value	Change
Global Infrastructure Investors III	224.36 mm	$2.31 bn	0.0%
Alps Advisors	46.93 mm	$687.55 mm	NEW
GS The Goldman Sachs Group, Inc.	16.70 mm	$242.36 bn	+25.1%
Oaktree Capital Management	2.53 mm	$36.64 bn	NEW
Miller Howard Investments	2.29 mm	$33.19 bn	+1.5%
BCS Barclays	1.07 mm	$15.58 mm	+3.0%
BAM Brookfield Asset Management	1.01 mm	$14.63 bn	NEW
NBW Capital	882.95 k	$12.81 bn	-19.9%
CNS Cohen & Steers	281.79 k	$4.09 mm	-29.7%
California State Teachers Retirement System	197.01 k	$2.86 bn	-3.7%

Largest transactions	Shares	Bought/sold	Change
Alps Advisors	46.93 mm	+46.93 mm	NEW
Tortoise Capital Advisors, L.L.C.	0.00	-14.40 mm	EXIT
GS The Goldman Sachs Group, Inc.	16.70 mm	+3.35 mm	+25.1%
Oaktree Capital Management	2.53 mm	+2.53 mm	NEW
Duff & Phelps Investment Management	0.00	-1.14 mm	EXIT
BAM Brookfield Asset Management	1.01 mm	+1.01 mm	NEW
BNP Paribas Arbitrage	171.96 k	-634.33 k	-78.7%
NBW Capital	882.95 k	-218.95 k	-19.9%
CNS Cohen & Steers	281.79 k	-119.15 k	-29.7%
Canada Pension Plan Investment Board	84.60 k	+84.60 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ENLC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Oct 24	Global Infrastructure Investors III	Common Units	Sell	Dispose S	Yes	No	14.9	200,340,753	2.99 bn	0
1 Sep 24	Adam S Forman	Common Units	Payment of exercise	Dispose F	No	No	14.36	13,117	188.36 k	132,947

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

ONEOK Bolsters Portfolio With EnLink Acquisition, $4.3 Billion Deal Unveiled

EnLink Midstream up premarket after merger deal with ONEOK for $4.3B. ONEOK to issue 37M shares, expected to close in Q1 2025.

Reported Sunday, ONEOK To Acquire Remaining EnLink Units In $4.3B Stock Deal, Strengthening Energy Midstream Operations

Consideration of 0.1412 shares of ONEOK common stock for each outstanding publicly held EnLink common unitOn Oct. 15, 2024, ONEOK announced the successful completion of its acquisition of Global Infrastructure

Assessing EnLink Midstream: Insights From 9 Financial Analysts

RBC Capital Reiterates Sector Perform on EnLink Midstream, Maintains $15 Price Target

Raymond James Downgrades EnLink Midstream to Market Perform

Press releases

From Benzinga Pro

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CCRN, ENLC, IPG, EBTC on Behalf of Shareholders

NEW YORK, Dec. 14, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary

SHAREHOLDER ALERT: The M&A Class Action Continues To Investigate Merger - LBRDA, KVAC, ENLC

NEW YORK, Dec. 13, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CCRN, ENLC, MNTX on Behalf of Shareholders

NEW YORK, Dec. 12, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ENLC, ALVR, CYTH on Behalf of Shareholders

$HAREHOLDER INVESTIGATION: The M&A Class Action Firm Continues to Investigate the Mergers of ENLC, ALVR, and CYTH

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