EnLink Midstream LLC reports results for the quarter ended in September 30 - Earnings Summary

EnLink Midstream LLC

07/11/2024 14:16

* EnLink Midstream LLC  ENLC.N  reported a quarterly
adjusted loss
of 3 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 6 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 11 cents to 18 cents per share.
    * Revenue fell 7.9% to $1.61 billion from a year ago;
analysts
expected $1.74 billion. 
    * EnLink Midstream LLC's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $14 million.
    * EnLink Midstream LLC shares had risen by 7.0% this
quarter and
gained 27.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7% 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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "hold"

Wall Street's median 12-month price target for EnLink Midstream
LLC is $15.00 
This summary was machine generated from LSEG data November 7 at
02:15 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
 Sep. 30 2024      0.15           -0.03          Missed
 Jun. 30 2024      0.13           0.07           Missed
 Mar. 31 2024      0.13           0.06           Missed
 Dec. 31 2023      0.15           0.14           Missed