EnLink Midstream: 2Q Earnings Snapshot
Jul. 31, 2018
DALLAS (AP) _ EnLink Midstream LLC (ENLC) on Tuesday reported second-quarter net income of $28 million.
On a per-share basis, the Dallas-based company said it had net income of 15 cents.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The natural gas company posted revenue of $1.76 billion in the period.
EnLink Midstream shares have decreased almost 10 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.90, a fall of slightly more than 9 percent in the last 12 months.