earnings
confidence high
sentiment neutral
materiality 0.70
EnLink Q1 adj. EBITDA $337.7M (+4.3% YoY); launches Henry Hub to the River project
EnLink Midstream, LLC
2024-Q1 EPS reported
$0.03
revenue$1,647,900,000
- Net income $50.0M; adjusted EBITDA $337.7M (up 4.3% YoY); FCFAD $74.0M.
- Permian segment profit $89.0M (includes $9.3M plant relocation costs); Louisiana segment profit $110.4M (up 26% sequential ex-derivatives).
- Repurchased ~$50M of common units in Q1; on pace to complete $200M authorization.
- Henry Hub to the River project adds ~210 MMcf/d capacity; ~$70M capex, in-service Q4 2025.
- Debt-to-Adjusted EBITDA 3.3x; net cash from operations $293.3M.