Investor Relations

Latest Financial Results

Feb 20, 2024 • 5:03 PM EST

FY 2023 Year End Results

Fiscal Year Ended Dec 31, 2023

View Annual Report

$100.1

Reported net income of $100.1 million

$350.8

Adjusted EBITDA*, net to EnLink, of $350.8 million

$79.4

Free Cash Flow after Distributions of $79.4 million

$0.1325

Increased quarterly distribution per unit to $0.1325, representing 6% growth year-over-year

Source: Q4 2023 Earnings Press Release.

For complete information regarding our financials, see our periodic filings.

* Non-GAAP Financial Measures. View full reconciliation in our Q3 earnings press release.

View reconciliation

Latest financial results

FY 2023

Fiscal Year Ended December 31, 2023

$100.1

Reported net income of $100.1 million

$350.8

Adjusted EBITDA*, net to EnLink, of $350.8 million

$79.4

Free Cash Flow after Distributions of $79.4 million

$0.1325

Increased quarterly distribution per unit to $0.1325, representing 6% growth year-over-year

Source: Q4 2023 Earnings Press Release.

For complete information regarding our financials, see our periodic filings.

* Non-GAAP Financial Measures. View full reconciliation in our Q3 earnings press release.

View reconciliation

Latest annual report

For Fiscal Year Ending December 31, 2023

Creating sustainable value

EnLink Midstream provides integrated energy infrastructure services for natural gas, crude oil, condensate, and NGLs, as well as CO2 transportation for carbon capture and sequestration (CCS). Our large-scale, cash-flow-generating asset platforms are in premier production basins and core demand centers, including the Permian Basin, Louisiana, Oklahoma, and North Texas. EnLink is focused on maintaining the financial flexibility and operational excellence that enables us to strategically grow through the energy transition and create sustainable value. Headquartered in Dallas, EnLink is publicly traded through EnLink Midstream, LLC (NYSE: ENLC).

EnLink at a glance

13,600

Miles of pipelines

25

Natural gas processing plants

5.8

Bcf/d processing capacity

316,300

Bbls/d fractionation capacity

As of December 31, 2023 • 10-K 2023

Growing significant financial strength year over year

2023 adjusted gross margin* by market segments

In thousands

*Non-GAAP measure. View full reconciliation in our 2023 10-K.

View reconciliation

Adjusted EBITDA* growth YoY

In thousands

  • 2021 - $1049.7
  • 2022 - $1284.6
  • 2023 - $1350.0

*Non-GAAP measure. View full reconciliation in our 2023 10-K.

View reconciliation

Consistent free cash flow after distributions*

In thousands

  • 2021 - $313.6
  • 2022 - $312.4
  • 2023 - $247

*Non-GAAP measure. View full reconciliation in our 2023 10-K.

View reconciliation

Contracted to provide CO2 transportation for:

ExxonMobil logo

Respect. Responsibility. Sustainability.

EnLink operates safely and responsibly and makes decisions with our sustainability strategy in mind.

View sustainability report

Innovation & excellence

EnLink is creating sustainable value by delivering energy solutions that are centered on responsible operations and innovative approaches to the energy transition.

Transportation Service Agreement with ExxonMobil

EnLink will provide CO2 transportation services for a subsidiary of ExxonMobil Corporation, connecting industrial facilities in Louisiana’s Mississippi River corridor to ExxonMobil’s 125,000-acre CO2 storage location under development in Vermilion Parish. The project will utilize EnLink’s existing pipeline network, as well as some new facilities.

Building a scalable CCS business

EnLink is executing on our first-mover advantage to become the CO2 transporter of choice in Louisiana. We are uniquely positioned to provide a timely and cost-effective solution to customers in the region due to our extensive pipeline infrastructure already in the ground. The Mississippi River corridor emits approximately 80 million metric tonnes of CO2 per year and has one of the highest concentrations of industrial CO2 emissions in the United States

Investor contacts

Corporate office

EnLink Midstream
1722 Routh St.
Suite 1300
Dallas, TX 75201
United States

Investor Relations

Brian Brungardt
Director of Investor Relations
T: 214-721-9353
brian.brungardt@enlink.com

Media Relations

Megan Wright
Director of Corporate Communications
T: 214-721-9694
megan.wright@enlink.com

Transfer Agent

American Stock Transfer Shareholder Inquiries
59 Maiden Lane Plaza Level
New York, NY 10038
United States
T: 800-937-5449
http://www.amstock.com