The Return Trends At EnLink Midstream (NYSE:ENLC) Look Promising [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
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enlink.com/investors
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Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So on that note, EnLink Midstream NYSE:ENLC ) looks quite promising in regards to its trends of return on capital. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for EnLink Midstream, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.097 = US$713m ÷ (US$8.3b - US$994m) (Based on the trailing twelve months to December 2023) Thus, EnLink Midstream has an ROCE of 9.7%. Ultimately, that's a low return and it under-performs the Oil
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News
- EnLink Midstream (NYSE:ENLC) Is Paying Out A Dividend Of $0.1325 [Yahoo! Finance]Yahoo! Finance
- Broker Revenue Forecasts For EnLink Midstream, LLC (NYSE:ENLC) Are Surging Higher [Yahoo! Finance]Yahoo! Finance
- EnLink Midstream, LLC (NYSE:ENLC) Pays A US$0.1325 Dividend In Just Four Days [Yahoo! Finance]Yahoo! Finance
- EnLink Midstream, LLC (NYSE: ENLC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Permian natgas hits 15-month low as negative prices linger [Yahoo! Finance]Yahoo! Finance
ENLC
Earnings
- 2/20/24 - In-Line
ENLC
Sec Filings
- 3/1/24 - Form 4
- 2/28/24 - Form 144
- 2/26/24 - Form 4
- ENLC's page on the SEC website