EnLink Midstream, LLC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 02, 2021 at 05:10 pm EDT
Share
EnLink Midstream, LLC reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 1,787.6 million compared to USD 928.5 million a year ago. Net income was USD 1.9 million compared to USD 12.6 million a year ago.
For the nine months, sales was USD 4,442.7 million compared to USD 2,829.5 million a year ago. Net loss was USD 32.4 million compared to USD 270.1 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.55 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to USD 0.55 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.