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

EnLink Midstream LLC

02/05/2023 23:11

* EnLink Midstream LLC  ENLC.N  reported quarterly adjusted
earnings of 12 cents​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of 12 cents per share.
    * Revenue fell 20.7% to $1.77 billion from a year ago;
analysts
expected $2.30 billion. 
    * EnLink Midstream LLC's reported EPS for the quarter was 12
cents​.
    * The mean earnings estimate of analysts had fallen by
about 34%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * EnLink Midstream LLC shares had fallen by 10.8% this
quarter and
lost 21.4% so far this year.
    * The company reported quarterly net income of $58.2
million.
    * Wall Street's median 12-month price target for EnLink
Midstream
LLC is $14.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
2 at 10:11 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.12           0.12           Met
 Dec. 31 2022      0.18           0.33           Beat
 Sep. 30 2022      0.11           0.17           Beat
 Jun. 30 2022      0.07           0.17           Beat