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

EnLink Midstream LLC

01/05/2024 24:07

* EnLink Midstream LLC  ENLC.N  reported quarterly adjusted
earnings of 6 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 12 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 13 cents per share. Wall
Street expected results to range from 11 cents to 15 cents per
share.
    * Revenue fell 6.8% to $1.65 billion from a year ago;
analysts
expected $2.11 billion. 
    * EnLink Midstream LLC's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $14.5
million.
    * EnLink Midstream LLC shares had risen by 3.4% this
quarter and
gained 16.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "buy"

Wall Street's median 12-month price target for EnLink Midstream
LLC is $15.00 
This summary was machine generated from LSEG data April 30 at
11:07 p.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
 Mar. 31 2024      0.13           0.06           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