EnLink Midstream, LLC Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 20, 2024 at 05:07 pm EST
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EnLink Midstream, LLC reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,856.3 million compared to USD 2,050.3 million a year ago. Net income was USD 64.2 million compared to USD 160 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.33 a year ago.
For the full year, sales was USD 6,900.1 million compared to USD 9,542.1 million a year ago. Net income was USD 206.2 million compared to USD 361.3 million a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to USD 0.76 a year ago. Diluted earnings per share from continuing operations was USD 0.44 compared to USD 0.74 a year ago.
EnLink Midstream, LLC provides integrated midstream infrastructure services for natural gas, crude oil, condensate, and NGLs, as well as CO2 transportation for carbon capture and sequestration (CCS). The Companyâs segments include Permian, which includes its natural gas gathering, processing, and transmission activities and its crude oil operations in the Midland and Delaware Basins in West Texas and Eastern New Mexico; Louisiana, which includes its natural gas and NGL transmission pipelines, natural gas processing plants, natural gas and NGL storage facilities, and fractionation facilities located in Louisiana; Oklahoma, which includes its natural gas gathering, processing, and transmission activities, and its crude oil operations in the Cana-Woodford, Arkoma-Woodford, northern Oklahoma Woodford, STACK, and adjacent areas, and North Texas, which includes natural gas gathering, processing, and transmission activities in North Texas.