EnLink Midstream (ENLC) Misses Q4 EPS by 1c; issues guidance

EnLink Midstream (NYSE: ENLC) reported Q4 EPS of $0.14, $0.01 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $1.86 billion versus the consensus estimate of $1.82 billion.

GUIDANCE

2024 Financial Guidance $MM, unless noted

Net Income $370 - $470 million

Adjusted EBITDA, net to EnLink 1,310 - 1,410

Capex, Plant Relocation Costs, net to EnLink, & Investment Contributions 435 - 485

Growth Capex & Plant Relocation Costs, net to EnLink 345 - 375

Maintenance Capex, net to EnLink 85 - 95

Investment Contributions 5 -15

Free Cash Flow After Distributions 265 - 315

Annualized 4Q23 Declared Distribution per Common Unit $0.53/unit

For earnings history and earnings-related data on EnLink Midstream (ENLC) click here.

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