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EnLink Midstream ( (ENLC) ) has provided an update.
EnLink Midstream reported strong financial results for the third quarter of 2024, with a net income of $43.1 million and significant free cash flow after distributions. The company continues to expand its natural gas capacity in Louisiana and benefits from consistent producer activity in the Permian Basin. EnLink’s strategic moves, including repurchasing common units and simplifying its capital structure, have earned a credit rating upgrade, indicating a positive outlook for investors.
For an in-depth examination of ENLC stock, go to TipRanks’ Stock Analysis page.