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EnLink Midstream, LLC (ENLC)

NYSE - NYSE Delayed Price. Currency in USD
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4.2900-0.0200 (-0.46%)
At close: 4:00PM EDT

4.2900 -0.01 (-0.12%)
After hours: 4:00PM EDT

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  • d
    dealwithit
    I get some are disappointed in management's decision to focus on debt reduction rather than increasing dividends but in the end it really doesn't matter. As debt is paid down the even if the market does not appreciate it if EV (debt plus equity) stays the same then equity is going to move north as debt heads south.

    The plan this year is to pay off that 350M left on their term note with profits from 2021 (free cash flow midpoint is 300M but they are probably being conservative) meaning odds are the equity portion of the equation moves north by 300M if everything stays equal (which it never does but the move will still play out)......which is around 60 cents a share or about 15% at the current trading price.

    So odds are between the debt reduction and the distribution (around 8.5% currently) this will return over 20% this year.

    That's not such a bad return for a boring investment.

    In the end the large move north will probably play out as debt is dropped below 4X (probably 18 months from now) and dividends are pushed north by 100% (free cash flow of 300M staying steady after all capex.....you only need about half of that to go to dividends to double the current payout).

    As that plays out this should move north to the 8 to 10 range.
  • C
    Cheryl
    Odds of ENLC and/or AM Antero Midstream returning to half of their 2017-18 glory (half being $15 level)?
  • N
    Nadeem
    This is likely going to be a long boring hold from here on out. If you like the dividend then stay. If you don't and chasing growth maybe look elsewhere.I am holding this through the summer, just to ride the positive momentum with the Energy industry. #$%$6 maybe a good exit point.
  • C
    Craig
    Could this possibly hit $5.00 again???
  • G
    George
    Does ENLC have a buy back in place? With all the FCF generated last qtr I’d hope they bought in the $4 range.
  • T
    Tony
    I was wondering that after reading transcript, must be street not happy about loss per share surprise. Maybe not excited about debt reduction instead of other options?
    Bullish
  • T
    TMB
    What does anyone have as their price target for enlc? I am like this move. How much more is in the tank?
    Bullish
  • N
    Nadeem
    Dropped on huge volume. Any ideas what happened? Any news? Whose dumping?
  • s
    silver
    I'm satisfied with their report. Onward and upward.
    Bullish
  • T
    Trader Joe
    This has fully recovered to pre-Covid price, and is not the best dividend out there now. I think it may be time to bail. it’s been a good ride.
    Neutral
  • M
    Mario
    How come this company doesn't earn positive GAAB profit according to Yahoo analysis?
  • N
    Nadeem
    I agree with the author of this article: https://seekingalpha.com/article/4403139-enlink-to-outperform-in-q4

    More good times ahead for ENLC. Natural Gas futures look very bullish, due inventory levels and demand. On top of that the Oil industry in general, is finally recovering, so there's positive sentiment there. i.e. no more bankruptcies or hard to get credit. They will likely go from Cash starvation -> Cash Preservation -> Cash growth.

    Hold ENLC for another year, re-invest its dividends to buy more stock at cheaper levels, and then sell next year hopefully in double digits, while paying only capital gains taxes. Easiest profits you will make (If you are patient!)
    ENLC's Q4 earnings will surprise to the upside. 2020 adjusted EBITDA net to ENLC will be well north of $1025, exceeding the top end of the adjusted guide.
    ENLC's Q4 earnings will surprise to the upside. 2020 adjusted EBITDA net to ENLC will be well north of $1025, exceeding the top end of the adjusted guide.
    seekingalpha.com
    Bullish
  • p
    parker
    No one here? Someone is dumping major shares today.
  • T
    TMB
    Guess the street didnt like the earnings report...
  • c
    chief
    New article: https://seekingalpha.com/article/4403139-enlink-to-outperform-in-q4

    I had 15000 shares below 2 and sold 3.30usd as i wasnt sure where the market is heading.
    Iam currenty back again with 13000 shares below 4.00. Looking forward to ER as i hope it gives us a boost.
  • L
    Love Jimi
    I thank everyone who has provided insight here. Esp Dealwithit, Dividend aristocrat and Nadeem. So now that Q4 and the annual are out, what do you all think going forward. It seems that reduced debt, reduced cap ex, and cash flow are all going in the right direction. Will share price hold up or increase and why the drop from just a couple of weeks ago? I was surprised by that.
  • R
    Ram
    can any of you suggest on how to report non div distributions from ENLC?
  • A
    Alex
    Hey Craig, did you end up selling out?
  • C
    Catdaddy
    added more at $4.65 today. Look forward to good earnings!
    Bullish
  • L
    Love Jimi
    The next enlc call is the 17th. The stock has been very weak since mid December. Does anyone want to opine on what we can expect going forward?