EnLink Midstream Reports Solid Profit Growth in Q2 Earnings

EnLink Midstream, LLC [ENLC] reported a net profit of $67.0 million for the second quarter of 2024, ending June 30. This represents a decrease from the net profit of $89.9 million reported in the previous quarter. The company's financial results showcase the performance of its midstream assets and diversified business during the specified period.

The company, headquartered in Dallas, Texas, reported to SEC in an 8-K filing $0.07 earnings per share in the quarter, compared to $0.12 in the previous quarter.

EnLink Midstream, a leading energy company in the midstream sector, reported total revenues of $1,551.1 million. This figure represents an increase of 1.37% compared to the previous quarter. The company's performance highlights its strong position in the energy industry and reflects stable revenue growth during the specified period.

In comparison to the same quarter in the previous year, EnLink Midstream's revenue increased by 1.37%, demonstrating steady growth in the company's financial performance. Additionally, the net profit for the current quarter saw a decrease of 25.84% compared to the profit reported in the same quarter of the previous year.