Last $31.44 USD
Change Today -0.27 / -0.85%
Volume 162.9K
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As of 4:15 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

enlink midstream partners lp (ENLK) Snapshot

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03/17/14 - $35.54
52 Week Low
08/9/13 - $18.22
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enlink midstream partners lp (ENLK) Details

EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. It is engaged in the gathering, transmission, processing, fractionation, and marketing natural gas, natural gas liquids (NGLs), crude oil, and condensate. The company connects the wells of natural gas producers to its gathering systems; processes natural gas for the removal of NGLs; fractionating NGLs into purity products; marketing those purity products; and transporting natural gas. It also purchases natural gas from natural gas producers and other supply sources, and sells that natural gas to utilities, industrial consumers, other marketers, and pipelines. In addition, the company provides crude oil, condensate, and brine services to producers. As of March 7, 2014, it operated approximately 7,300 miles of pipelines, as well as 12 natural gas processing plants 6 fractionators, and a fleet of approximately 100 trucks, as well as 3.1 million barrels of NGL cavern storage, rail terminals, barge terminals, and truck terminals. The company was formerly known as Crosstex Energy L.P. and changed its name to EnLink Midstream Partners, LP in March 2014. EnLink Midstream GP, LLC serves as the general partner of the company. EnLink Midstream Partners, LP was founded in 1992 and is based in Dallas, Texas.

817 Employees
Last Reported Date: 02/28/14
Founded in 1992

enlink midstream partners lp (ENLK) Top Compensated Officers

Chief Executive Officer of Crosstex Energy GP...
Total Annual Compensation: $1.0M
Chief Financial Officer of Crosstex Energy GP...
Total Annual Compensation: $574.1K
Chief Operating Officer of Crosstex Energy Gp...
Total Annual Compensation: $661.6K
Executive Vice President of Crosstex Energy G...
Total Annual Compensation: $586.3K
Senior Vice President of Engineering & Operat...
Total Annual Compensation: $413.3K
Compensation as of Fiscal Year 2013.

enlink midstream partners lp (ENLK) Key Developments

EnLink Midstream Partners, LP Announces Earnings Results for the First Quarter Ended March 31, 2014

EnLink Midstream Partners, LP announced earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported limited partner's interest in net income attributable to the company was $7.7 million, or $0.03 per unit, compared to $0, or $0 per unit, for the same quarter ended March 31, 2013. Total revenues were $722.5 million, compared to $526.9 million for the same quarter ended March 31, 2013. Operating income was $74.5 million, compared to $35.9 million for the same quarter ended March 31, 2013.

EnLink Midstream Partners Seeks Acquisitions

EnLink Midstream Partners, LP (NYSE:ENLK) has filed a follow-on equity offering in the amount of $75 million. EnLink Midstream Partners intends to use the net proceeds from offering for general partnership purposes, including working capital, capital expenditures, acquisitions and repayments of indebtedness. Amounts repaid under credit facility may be reborrowed to fund ongoing capital program, potential future acquisitions or for general partnership purposes.

EnLink Midstream Mulls Acquisitions

EnLink Midstream Partners, LP (NYSE:ENLK) is looking for acquisitions. Barry Davis, President and Chief Executive Officer of Enlink Midstream Partners said, "We think that the pipeline of drop-down opportunities will continue to be fed as Devon creates additional opportunities, either via organic growth that they're doing at the E&P level or through acquisitions where they might acquire midstream assets in association with their E&P assets”.


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