v3.24.2.u1
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Revenue from contracts with customers $ 1,551.9 $ 1,518.8 $ 3,228.8 $ 3,274.4
Revenue, Product and Service [Extensible Enumeration] Midstream services Midstream services Midstream services Midstream services
Gain (loss) on derivative activity $ (0.8) $ 11.3 $ (29.8) $ 23.2
Total revenues 1,551.1 1,530.1 3,199.0 3,297.6
Operating costs and expenses:        
Cost of sales, exclusive of operating expenses and depreciation and amortization $ 1,062.6 $ 1,019.0 $ 2,213.0 $ 2,290.9
Cost, Product and Service [Extensible Enumeration] Midstream services Midstream services Midstream services Midstream services
Operating expenses $ 155.2 $ 136.8 $ 307.8 $ 269.2
Depreciation and amortization 162.6 165.3 327.9 325.7
Impairments 0.0 0.0 14.2 0.0
(Gain) loss on disposition of assets 0.9 (0.8) (0.8) (1.2)
General and administrative 30.2 27.9 85.4 57.4
Total operating costs and expenses 1,411.5 1,348.2 2,947.5 2,942.0
Operating income 139.6 181.9 251.5 355.6
Other income (expense):        
Interest expense, net of interest income (66.7) (68.8) (132.1) (137.3)
Income (loss) from unconsolidated affiliate investments 0.3 (4.6) (0.5) (4.7)
Other income 3.8 0.4 4.3 0.4
Total other expense (62.6) (73.0) (128.3) (141.6)
Income (loss) before non-controlling interest and income taxes 77.0 108.9 123.2 214.0
Income tax expense (10.0) (19.0) (6.2) (29.9)
Net income 67.0 89.9 117.0 184.1
Net income attributable to non-controlling interest 28.9 35.6 64.4 71.6
Net income attributable to ENLC $ 38.1 $ 54.3 $ 52.6 $ 112.5
Net income attributable to ENLC per unit:        
Basic common unit (in dollars per share) $ 0.07 $ 0.12 $ 0.11 $ 0.24
Diluted common unit (in dollars per share) $ 0.07 $ 0.12 $ 0.10 $ 0.24
Product sales        
Revenues:        
Revenue from contracts with customers $ 1,278.6 $ 1,239.3 $ 2,683.6 $ 2,715.6
Midstream services        
Revenues:        
Revenue from contracts with customers $ 273.3 $ 279.5 $ 545.2 $ 558.8

Source