EnLink Midstream, LLC Revises Earnings Guidance for the Full Year 2019 and Provides Earnings Guidance for the Full Year 2020
January 16, 2020 at 03:46 am IST
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EnLink Midstream, LLC revised earnings guidance for the full year 2019 and provides earnings guidance for the full year 2020. For the full year 2019, the company projected net loss to be below previously issued guidance as a result of expected fourth quarter impairments of goodwill in North Texas and Oklahoma segments.
For the full year 2020, the company projected net income to be in the range of $160 million to $230 million in 2020.
EnLink Midstream, LLC provides integrated midstream infrastructure services for natural gas, crude oil, condensate, and NGLs, as well as CO2 transportation for carbon capture and sequestration (CCS). The Companyâs segments include Permian, which includes its natural gas gathering, processing, and transmission activities and its crude oil operations in the Midland and Delaware Basins in West Texas and Eastern New Mexico; Louisiana, which includes its natural gas and NGL transmission pipelines, natural gas processing plants, natural gas and NGL storage facilities, and fractionation facilities located in Louisiana; Oklahoma, which includes its natural gas gathering, processing, and transmission activities, and its crude oil operations in the Cana-Woodford, Arkoma-Woodford, northern Oklahoma Woodford, STACK, and adjacent areas, and North Texas, which includes natural gas gathering, processing, and transmission activities in North Texas.
ENLINK MIDSTREAM, LLC 
