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

EnLink Midstream LLC

01/08/2023 23:06

* EnLink Midstream LLC  ENLC.N  reported quarterly adjusted
earnings of 12 cents​​ per share for the quarter ended in June.
The mean expectation of eight analysts for the quarter was
for earnings of 11 cents per share.
    * Revenue fell 41.2% to $1.53 billion from a year ago;
analysts
expected $2.07 billion. 
    * EnLink Midstream LLC's reported EPS for the quarter was 12
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * EnLink Midstream LLC shares had risen by 9.4% this
quarter and
lost 5.7% so far this year.
    * The company reported quarterly net income of $54.3
million.
    * Wall Street's median 12-month price target for EnLink
Midstream
LLC is $13.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 10:06 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.11           0.12           Beat
 Mar. 31 2023      0.12           0.12           Met
 Dec. 31 2022      0.18           0.33           Beat
 Sep. 30 2022      0.11           0.17           Beat