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Stock impact report

EnLink Midstream Reports First Quarter 2024 Results [Yahoo! Finance]

EnLink Midstream, LLC Common Units representing Limited Partner Interests (ENLC) 
Last enlink midstream, llc common units representing limited partner interests earnings: 2/25 05:06 pm Check Earnings Report
US:NYSE Investor Relations: enlink.com/investors
Company Research Source: Yahoo! Finance
Highlights Reported net income of $50.0 million and net cash provided by operating activities of $293.3 million for the first quarter of 2024. Generated adjusted EBITDA, net to EnLink, of $337.7 million for the first quarter of 2024, which represents growth of 4.3% compared to the first quarter of 2023. Delivered $74.0 million of free cash flow after distributions (FCFAD) for the first quarter of 2024. Executed the first project in Phase 2 of Louisiana gas expansion to meet customer needs in eastern Louisiana . Through additional compression, the "Henry Hub to the River" project represents a quick-to-market solution with a targeted in-service date in the fourth quarter of 2025. Repurchased approximately $50.0 million of common units in the first quarter of 2024. EnLink is on pace to complete the 2024 unit repurchase authorization of $200 million "EnLink delivered a solid quarter due to the resilience of our assets and diversified nature of our business," EnLink Chief Exec Show less Read more
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