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
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
[1] Includes related party cost of sales of $2.5 million and $9.1 million for the three months ended June 30, 2023 and 2022, respectively, and $4.0 million and $19.7 million for the six months ended June 30, 2023 and 2022, respectively.
[2] Includes related party revenue of $0.6 million and $1.3 million for the three and six months ended June 30, 2023, respectively. We did not have related party revenue for the three and six months ended June 30, 2022.

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