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

EnLink Midstream LLC

31/10/2023 21:42

* EnLink Midstream LLC  ENLC.N  reported quarterly adjusted
earnings of 6 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 17 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 13 cents per
share. Wall Street expected results to range from 9 cents to 16
cents per share.
    * Revenue fell 34.4% to $1.75 billion from a year ago;
analysts
expected $2.05 billion. 
    * EnLink Midstream LLC's reported EPS for the quarter was 6
cents​.
    * The company reported quarterly net income of $29.5
million.
    * EnLink Midstream LLC shares had fallen by 0.7% this
quarter and
lost 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
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 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 October 31 at
09:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.18           0.33           Beat