EnLink (ENLC) for Growth + Yield - June 3

EnLink (ENLC) for Growth + Yield - June 3

Postby dan_s » Thu Jun 03, 2021 6:32 pm

Shares of energy stock EnLink Midstream (NYSE:ENLC) jumped as much as 14.1% in trading on Friday after the company announced an increase to 2021 guidance. Shares closed the day up 13%.

So what
Management now expects full-year 2021 net income to be $125 million to $165 million, up from a previous guidance range of $45 million to $105 million. Adjusted EBITDA is expected to be $1.02 billion to $1.06 billion, up from $940 million to $1 billion. As a result of these improvements, debt-to-adjusted-EBITDA is expected to be between 4 times and 4.2 times at year-end.
Dan Steffens
Energy Prospectus Group
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