EnLink Midstream's 15% Dividend Yield, Whether There's A Catch
The company was buffeted by the crash in energy prices but swift management action in Q2 managed to turn the situation around.While the company still has a large debt, they do generate a lot of excess free cash flow which enables them to decrease leverage further from the present 4.3x level.Amazingly, even after slashing the dividend in half the yield is still well into double digit territory (and somewhat higher still on the preferred shares).We think the shares can be bought here ($2.50-$2.65) benefiting from a fantastic yield (15%).We do think they have to be more aggressive cutting their leverage though.
Seekingalpha · 1d ago
Midstream Yield High, Interest Low
Midstream stocks bounced back early in the week after two rough weeks.As the market rolled over later in the week, midstream and MLPs were dragged back down.U.S. midstream corporations traded better than MLPs.Midstream finished positive overall, besting utilities and the S&P 500.
Seekingalpha · 1d ago
3 Big Dividend Stocks Yielding Over 13%; RBC Says ‘Buy’
After a four-month run of steady gains, September brought sudden, sharp, losses across the board. The NASDAQ, which peaked over 12,000 on September, has slipped just below 11,000, a loss of 9.4%, while the S&P 500 is down 6.7% in the same period. These are the deepest market losses since the crash of
TipRanks · 09/11 15:38
Alerian Index Series September 2020 Index Review
Alerian announced the results of the September quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, September 18, 2020.
PR Newswire · 09/11 12:30
PTON, KODK, AMRS and ENLC among after-hours movers
Gainers: [[KODK]] +14.7%. [[AMRK]] +10%. [[ZUMZ]] +8.4%. [[PTON]] +8.1%. [[SNV]] +6.1%.Losers: [[AMRS]] -12.7%. [[FARM]] -10.6%. [[ENLC]] -3.7%.[[RAIL]] -2.3%. [[RVLV]] -1.7%.
Seekingalpha · 09/10 21:47
Read This Before Selling EnLink Midstream, LLC (NYSE:ENLC) Shares
Simply Wall St. · 09/02 14:23
Stocks Up, Midstream Down
MLPs staged a comeback effort late in the week, but finished down vs. last week.Utilities were also negative.When MLPs traded better later in the week, it was clear there was some rotation among names.
Seekingalpha · 08/30 19:07
EnLink Midstream Provides Business Update on Hurricane Laura Impact
EnLink Midstream, LLC (NYSE: ENLC) (EnLink) reported today that storm-related impacts from Hurricane Laura on EnLink's assets, finances and operations are not expected to be significant, and, most importantly all employees are safe and accounted for.
PR Newswire · 08/28 21:45
Enlink Preferred: A Solid 15.3% Yielder That Most Income Investors Have Never Even Heard Of
The Enlink preferred stock is a par $1,000 issue that trades by CUSIP on the bond market. This is the first Seeking Alpha article to cover this issue.
Seeking Alpha - Article · 08/24 15:36
Blue Flame Special For Midstream
Midstream followed up last week's big week with another strong week of price action.Midstream's gains were mostly isolated to Monday and Wednesday.Among MLPs, the big winners were those outside the major MLP indexes.
Seekingalpha · 08/16 11:40
EnLink Midstream, LLC -- Moody's downgrades EnLink's CFR to Ba2 and GIP III Stetson I's CFR to B3
Moody's · 08/14 21:12
UBS Maintains Neutral on EnLink Midstream, Raises Price Target to $3
UBS maintains EnLink Midstream (NYSE:ENLC) with a Neutral and raises the price target from $2.5 to $3.
Benzinga · 08/10 16:11
GIP III Stetson I, L.P. -- Moody's announces completion of a periodic review of ratings of GIP III Stetson I, L.P.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of GIP III Stetson I, L.P. New York, August 07, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of GIP III Stetson I, L.
Moody's · 08/07 21:23
Shares of several energy companies are trading higher after API reported an 8.587 million draw in crude inventories for the week ended July 31st.
Benzinga · 08/05 18:14
EnLink Midstream EPS beats by $0.01, misses on revenue
EnLink Midstream (NYSE:ENLC): Q2 GAAP EPS of $0.01 beats by $0.01. Revenue of $744.9M (-56.4% Y/Y) misses by $505.1M. Adjusted EBITDA of $255.1, -1.6% Y/Y.
seekingalpha · 08/05 02:02
EnLink Midstream Q2 EPS $0.01, Inline, Sales $744.90M Down From $1.71B YoY
EnLink Midstream (NYSE:ENLC) reported quarterly earnings of $0.01 per share which met the analyst consensus estimate. This is a 85.71 percent decrease over earnings of $0.07 per share from the same period last year. The
Benzinga · 08/04 21:07
EnLink Midstream Reports Second Quarter 2020 Results and Updates 2020 Guidance
EnLink Midstream, LLC (NYSE: ENLC) (EnLink) reported financial results for the second quarter of 2020 and updated 2020 guidance metrics.
PR Newswire · 08/04 20:50
Earnings Outlook for EnLink Midstream
EnLink Midstream (NYSE: ENLC) releases its next round of earnings this Tuesday, August 04. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.Earnings and Revenue Analysts predict EnLink Midstream will report earnings
Benzinga · 08/03 16:45
Antero Midstream Has Outperformed All Other Midstream Firms Year-To-Date
Seeking Alpha · 07/29 19:40
Analysts Estimate EnLink Midstream (ENLC) to Report a Decline in Earnings: What to Look Out for
EnLink Midstream (ENLC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks · 07/28 16:33