EnLink Midstream LLC reports results for the quarter ended in December - Earnings Summary

EnLink Midstream LLC

21/02/2024 11:09

* EnLink Midstream LLC  ENLC.N  reported quarterly adjusted
earnings of 14 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 33 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 15 cents per
share. Wall Street expected results to range from 10 cents to 20
cents per share.
    * Revenue fell 9.5% to $1.86 billion from a year ago;
analysts
expected $2.16 billion. 
    * EnLink Midstream LLC's reported EPS for the quarter was 14
cents​.
    * The company reported quarterly net income of $64.2
million.
    * EnLink Midstream LLC shares had risen by 2.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for EnLink
Midstream
LLC is $14.00 

This summary was machine generated from LSEG data February 21 at
11:09 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.15           0.14           Missed
 Sep. 30 2023      0.13           0.06           Missed
 Jun. 30 2023      0.11           0.12           Beat
 Mar. 31 2023      0.12           0.12           Met