v3.23.2
Consolidated Statements of Operations - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
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| Revenues: | ||||||||
| Revenue from contracts with customers | $ 1,518.8 | $ 2,596.1 | $ 3,274.4 | $ 4,855.0 | ||||
| Revenue, Product and Service [Extensible Enumeration] | Midstream service | Midstream service | Midstream service | Midstream service | ||||
| Gain (loss) on derivative activity | $ 11.3 | $ 4.5 | $ 23.2 | $ (26.7) | ||||
| Total revenues | 1,530.1 | 2,600.6 | 3,297.6 | 4,828.3 | ||||
| Operating costs and expenses: | ||||||||
| Cost of sales, exclusive of operating expenses and depreciation and amortization | [1] | $ 1,019.0 | $ 2,105.1 | $ 2,290.9 | $ 3,899.6 | |||
| Cost, Product and Service [Extensible Enumeration] | Midstream service | Midstream service | Midstream service | Midstream service | ||||
| Operating expenses | $ 136.8 | $ 128.9 | $ 269.2 | $ 249.8 | ||||
| Depreciation and amortization | 165.3 | 159.0 | 325.7 | 311.9 | ||||
| (Gain) loss on disposition of assets | (0.8) | (0.4) | (1.2) | 4.7 | ||||
| General and administrative | 27.9 | 28.4 | 57.4 | 57.4 | ||||
| Total operating costs and expenses | 1,348.2 | 2,421.0 | 2,942.0 | 4,523.4 | ||||
| Operating income | 181.9 | 179.6 | 355.6 | 304.9 | ||||
| Other income (expense): | ||||||||
| Interest expense, net of interest income | (68.8) | (55.5) | (137.3) | (110.6) | ||||
| Gain on extinguishment of debt | 0.0 | (0.5) | 0.0 | (0.5) | ||||
| Loss from unconsolidated affiliate investments | (4.6) | (1.2) | (4.7) | (2.3) | ||||
| Other income | 0.4 | 0.2 | 0.4 | 0.3 | ||||
| Total other expense | (73.0) | (57.0) | (141.6) | (113.1) | ||||
| Income before non-controlling interest and income taxes | 108.9 | 122.6 | 214.0 | 191.8 | ||||
| Income tax benefit (expense) | (19.0) | 1.3 | (29.9) | (1.9) | ||||
| Net income | 89.9 | 123.9 | 184.1 | 189.9 | ||||
| Net income attributable to non-controlling interest | 35.6 | 38.6 | 71.6 | 69.4 | ||||
| Net income attributable to ENLC | $ 54.3 | $ 85.3 | $ 112.5 | $ 120.5 | ||||
| Net income attributable to ENLC per unit: | ||||||||
| Basic common unit (in dollars per share) | $ 0.12 | $ 0.18 | $ 0.24 | $ 0.25 | ||||
| Diluted common unit (in dollars per share) | $ 0.12 | $ 0.17 | $ 0.24 | $ 0.25 | ||||
| Product sales | ||||||||
| Revenues: | ||||||||
| Revenue from contracts with customers | $ 1,239.3 | $ 2,370.5 | $ 2,715.6 | $ 4,414.4 | ||||
| Midstream service | ||||||||
| Revenues: | ||||||||
| Revenue from contracts with customers | [2] | $ 279.5 | $ 225.6 | $ 558.8 | $ 440.6 | |||
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- Definition Other Cost and Expense (Income), Operating No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Indicates type of cost from product sold and service rendered. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Indicates type of revenue from product and service. Includes, but is not limited to, revenue from contract with customer and other sources. No definition available.
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