ONEOK: Benefitting From Recent Acquisitions [Seeking Alpha]
EnLink Midstream, LLC Common Units representing Limited Partner Interests (ENLC)
Last enlink midstream, llc common units representing limited partner interests earnings: 2/25 05:06 pm
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US:NYSE Investor Relations:
enlink.com/investors
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Source: Seeking Alpha
ENLC Aaron Goldberg Follower s Follow Summary Consolidation continues full steam in the US midstream space. ONEOK recently acquired Medallion Midstream and a 43% share of EnLink Midstream. The final 57% share in EnLink will be purchased in a tax-free exchange. The combined company will benefit from synergies, expanded services, and a stronger valuation. Risks include the long-term viability of shale, but innovation and consolidation could extend the industry's runway, making me bullish on the combined entity. The acquisition is accretive for ONEOK shareholders but highly dilutive for EnLink unit holders, with EnLink's strong cash flow diluted into a larger entity. USA, Texas, Midland, Permian Basin Petroleum, dusk Walter Bibikow/DigitalVision via Getty Images I'm not enthusiastic about seeing my EnLink units (which have been earning a strong free cash flow) diluted into a larger company. I view the acquisition of EnLink ( ENLC ) by ONEOK ( NYSE: OKE ) as net n
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ENLC
News
- EnLink Midstream, LLC (NYSE: ENLC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- EnLink Midstream, LLC (NYSE: ENLC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- EnLink Midstream, LLC (NYSE: ENLC) was downgraded by analysts at US Capital Advisors from a "moderate buy" rating to a "hold" rating.MarketBeat
- SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of EnLink Midstream, LLC - ENLCPR Newswire
- ONEOK to buy remaining EnLink Midstream units in $4.3bn deal [Yahoo! Finance]Yahoo! Finance
ENLC
Earnings
- 11/6/24 - Miss
ENLC
Sec Filings
- 12/11/24 - Form 425
- 12/11/24 - Form 425
- 12/11/24 - Form 425
- ENLC's page on the SEC website