ENLC: EnLink Midstream LLC
About
EnLink Midstream LLC engages in transmission, processing and marketing of natural gas and crude oil. It operates through the following segments: Permian, Louisiana, Oklahoma, North Texas, and Corporate. The Permian segment includes natural gas gathering, processing, and transmission activities and crude oil operations in the Midland and Delaware Basins in West Texas and Eastern New Mexico and crude operations in South Texas. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets located in Louisiana and crude oil operations in ORV. The Oklahoma segment includes natural gas gathering, processing, and transmission activities, and crude oil operations in the Cana-Woodford, Arkoma-Woodford, northern Oklahoma Woodford, STACK, and CNOW shale areas. The North Texas segment includes natural gas gathering, processing, and transmission activities in North Texas. The Corporate segment includes investments in the Cedar Cove JV in Oklahoma, ownership interest in GCF in South Texas, derivative activity, and general corporate assets and expenses. The company was founded in October 2013 and is headquartered in Dallas, TX.
Current Value
$15.511 Year Return
Current Value
$15.511 Year Return
Key Details
Market Cap
$7.16B
P/E Ratio
68.01
1Y Stock Return
19.16%
1Y Revenue Growth
-5.94%
Dividend Yield
4.11%
Price to Book
7.6
Strategies that include ENLC
Stock's related to ENLC
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| PAA | 56.46% | $12.54B | +14.45% | 7.13% |
| PAGP | 56.16% | $3.79B | +21.07% | 0.00% |
| ET | 53.43% | $64.95B | +38.06% | 6.67% |
| EPD | 52.53% | $70.12B | +21.16% | 6.40% |
| KNTK | 52.51% | $3.71B | +73.04% | 4.86% |
| AM | 52.42% | $7.60B | +20.46% | 5.69% |
| MPLX | 51.35% | $49.18B | +34.91% | 7.24% |
| OKE | 50.02% | $68.20B | +75.14% | 3.37% |
| WMB | 47.66% | $72.82B | +64.89% | 3.11% |
| HESM | 47.35% | $3.83B | +15.24% | 7.18% |
| KMI | 47.04% | $63.41B | +65.07% | 3.99% |
| DTM | 46.15% | $10.53B | +91.27% | 2.67% |
| WES | 45.32% | $14.43B | +33.37% | 8.38% |
| TRGP | 45.27% | $45.29B | +138.12% | 1.32% |
| EMO | 44.44% | - | - | 7.42% |
| GEL | 42.93% | $1.42B | +0.17% | 5.35% |
| MTDR | 42.53% | $7.51B | +3.14% | 1.41% |
| ARIS | 41.89% | $841.63M | +241.17% | 1.42% |
| PTEN | 41.86% | $3.26B | -29.81% | 3.78% |
| STR | 41.50% | $1.95B | +11.85% | 6.09% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| LUNA | -0.07% | $55.69M | -73.11% | 0.00% |
| GO | -0.15% | $1.81B | -35.29% | 0.00% |
| DT | 0.37% | $15.66B | +1.06% | 0.00% |
| SOHU | 0.45% | $402.20M | +46.27% | 0.00% |
| RYAN | -0.45% | $8.98B | +57.73% | 0.61% |
| RYAAY | -0.55% | $23.43B | -8.79% | 0.00% |
| TBPH | 0.55% | $472.57M | -7.33% | 0.00% |
| META | 0.63% | $1.42T | +64.89% | 0.27% |
| DDOG | 0.72% | $48.87B | +28.30% | 0.00% |
| CYCN | 0.84% | $3.85M | -33.95% | 0.00% |
| VHC | 0.87% | $18.68M | -40.78% | 0.00% |
| AIXI | 0.88% | $47.91M | -69.60% | 0.00% |
| TCS | -1.00% | $13.39M | -86.02% | 0.00% |
| TH | -1.04% | $867.71M | -20.27% | 0.00% |
| NTZ | 1.05% | $47.64M | -30.80% | 0.00% |
| BBD | 1.07% | $12.66B | -19.27% | 1.65% |
| OMCL | -1.09% | $2.04B | +31.20% | 0.00% |
| PSTG | 1.11% | $16.90B | +37.90% | 0.00% |
| OLLI | -1.15% | $5.57B | +16.03% | 0.00% |
| AMLX | 1.17% | $355.76M | -59.17% | 0.00% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| CTMX | -23.69% | $67.81M | -32.83% | 0.00% |
| SRDX | -16.12% | $559.12M | +14.72% | 0.00% |
| DG | -13.02% | $16.26B | -40.85% | 3.18% |
| FTNT | -12.77% | $72.06B | +77.50% | 0.00% |
| INSP | -11.73% | $5.58B | +29.21% | 0.00% |
| VRCA | -8.17% | $45.14M | -72.88% | 0.00% |
| LFVN | -7.85% | $164.83M | +138.84% | 1.12% |
| LPTH | -7.81% | $59.50M | +22.95% | 0.00% |
| MASI | -7.75% | $9.05B | +82.56% | 0.00% |
| RAPT | -7.69% | $36.71M | -92.31% | 0.00% |
| LQDA | -7.55% | $859.06M | +51.04% | 0.00% |
| AXON | -6.84% | $48.14B | +178.25% | 0.00% |
| CBOE | -5.98% | $22.09B | +17.17% | 1.08% |
| GAN | -5.74% | $82.94M | +20.53% | 0.00% |
| URGN | -5.71% | $487.40M | -7.82% | 0.00% |
| GPCR | -5.57% | $1.72B | -41.41% | 0.00% |
| RDY | -5.34% | $11.67B | +3.38% | 3.33% |
| BIRK | -5.28% | $8.90B | +13.29% | 0.00% |
| FATBB | -4.91% | $75.27M | -12.35% | 12.73% |
| NLOP | -4.84% | $459.67M | +97.90% | 0.00% |
ETF's related to ENLC
Correlated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| AMLP | 71.10% | $9.58B | 0.85% |
| MLPA | 65.90% | $1.65B | 0.45% |
| MLPX | 58.01% | $2.29B | 0.45% |
| TPYP | 54.73% | $680.38M | 0.4% |
| IGE | 50.35% | $645.02M | 0.41% |
| RSPG | 48.82% | $556.94M | 0.4% |
| FCG | 48.34% | $425.46M | 0.6% |
| FXN | 48.12% | $426.64M | 0.62% |
| EMLP | 47.76% | $3.03B | 0.96% |
| XOP | 47.24% | $2.68B | 0.35% |
| VDE | 46.37% | $8.39B | 0.1% |
| FENY | 46.21% | $1.64B | 0.084% |
| IYE | 45.95% | $1.36B | 0.39% |
| FTXN | 45.74% | $183.18M | 0.6% |
| IEO | 45.24% | $662.32M | 0.4% |
| PXE | 45.17% | $119.51M | 0.63% |
| XLE | 45.06% | $38.44B | 0.09% |
| MDIV | 44.87% | $455.22M | 0.68% |
| PSCE | 44.73% | $98.16M | 0.29% |
| PXJ | 44.07% | $43.20M | 0.66% |
Uncorrelated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| JBBB | 0.30% | $1.27B | 0.49% |
| JUCY | -0.34% | $325.31M | 0.6% |
| KMLM | -0.35% | $348.59M | 0.9% |
| IVOL | 0.45% | $549.88M | 1.02% |
| FTSM | 0.46% | $6.07B | 0.45% |
| XONE | 0.88% | $550.61M | 0.03% |
| FLDR | -0.94% | $604.50M | 0.15% |
| KRBN | -1.08% | $243.28M | 0.85% |
| UTWO | 1.36% | $442.66M | 0.15% |
| CORN | -1.57% | $61.32M | 0.2% |
| KCCA | 1.63% | $219.64M | 0.87% |
| CANE | 1.91% | $17.43M | 0.29% |
| AGZD | -2.00% | $142.85M | 0.23% |
| IBTF | 2.10% | $2.07B | 0.07% |
| VGSH | 2.11% | $19.13B | 0.04% |
| BUXX | 2.11% | $166.76M | 0.25% |
| CLOI | -2.34% | $720.91M | 0.4% |
| SPTS | 2.41% | $5.70B | 0.03% |
| SHV | 2.43% | $18.36B | 0.15% |
| VUSB | 2.50% | $4.65B | 0.1% |
Inversely Correlated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| VIXY | -26.27% | $195.31M | 0.85% |
| TAIL | -23.53% | $68.06M | 0.59% |
| BTAL | -22.72% | $379.51M | 1.43% |
| ULST | -13.12% | $535.66M | 0.2% |
| USDU | -11.80% | $201.83M | 0.5% |
| SHYD | -9.26% | $311.61M | 0.35% |
| WEAT | -8.36% | $123.26M | 0.28% |
| YEAR | -7.51% | $1.14B | 0.25% |
| CTA | -7.46% | $359.48M | 0.78% |
| DFSD | -7.39% | $3.62B | 0.16% |
| DUSB | -6.97% | $812.64M | 0.15% |
| BOXX | -6.86% | $4.43B | 0.1949% |
| UUP | -6.56% | $359.07M | 0.77% |
| EQLS | -6.40% | $8.88M | 1% |
| XHLF | -3.90% | $883.02M | 0.03% |
| HIGH | -3.49% | $301.36M | 0.51% |
| CLOI | -2.34% | $720.91M | 0.4% |
| AGZD | -2.00% | $142.85M | 0.23% |
| CORN | -1.57% | $61.32M | 0.2% |
| KRBN | -1.08% | $243.28M | 0.85% |
News
SeekingAlpha
DT Midstream buys natural gas pipelines from ONEOK, enhancing its network in the Midwest. Find out why rising natural gas demand is a tailwind for DTM stock.
SeekingAlpha
Six constituents in the broad Alerian Midstream Energy Index spent a combined $650 million on equity repurchases in 3Q24. Click to read.
Yahoo
ONEOK, Inc. (NYSE: OKE) ("ONEOK") today announced that it has executed a definitive agreement with DT Midstream, Inc. (NYSE: DTM) ("DT Midstream") under which ONEOK will sell its three wholly owned interstate natural gas pipeline systems for a total cash consideration of $1.2 billion subject to customary adjustments. Based on Federal Energy Regulatory Commission (FERC) filings, the purchase price represents 10.8 times previous 12 months EBITDA as of June 30, 2024.
Yahoo
The ONEOK Foundation donated $100,000 to the North Dakota Stockmen's Association (NDSA) and the North Dakota Stockmen's Foundation Out of the Ashes Wildfire Disaster Relief Program. The relief fund, established to provide vital assistance and offset losses for impacted cattle producers following the historic North Dakota wildfires, has now reached $723,114.56 with the latest contribution.
SeekingAlpha
Fallen angels underperformed the broad high yield market in October by 0.29%, driven mostly by the rise in rates throughout the month, increasing the YTD underperformance to 2.14%.
SeekingAlpha
The portfolio appreciated 8.1% in the 3rd quarter of 2024, bringing the year-to-date 2024 return to +14.3%. Click to read.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.