EnLink Historical Income Statement

ENLC Stock  USD 15.85  0.06  0.38%   
Historical analysis of EnLink Midstream income statement accounts such as Total Revenue of 4.1 B or Gross Profit of 1.4 B can show how well EnLink Midstream LLC performed in making a profits. Evaluating EnLink Midstream income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of EnLink Midstream's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining EnLink Midstream LLC latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether EnLink Midstream LLC is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EnLink Midstream LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

About EnLink Income Statement Analysis

EnLink Midstream LLC Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to EnLink Midstream shareholders. The income statement also shows EnLink investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

EnLink Midstream Income Statement Chart

At present, EnLink Midstream's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 1.4 B, whereas Total Revenue is forecasted to decline to about 4.1 B.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Revenue

Total revenue comprises all receipts EnLink Midstream LLC generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of EnLink Midstream LLC minus its cost of goods sold. It is profit before EnLink Midstream operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of EnLink Midstream LLC. It is also known as EnLink Midstream overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most accounts from EnLink Midstream's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into EnLink Midstream LLC current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EnLink Midstream LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At present, EnLink Midstream's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 1.4 B, whereas Total Revenue is forecasted to decline to about 4.1 B.
 2021 2022 2023 2024 (projected)
Gross Profit888.5M1.3B1.4B1.4B
Total Revenue6.7B9.5B6.9B4.1B

EnLink Midstream income statement Correlations

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-0.39-0.54-0.07-0.54-0.06-0.43-0.44-0.46-0.06-0.04-0.38-0.07-0.28-0.28-0.181.0-0.270.210.060.11-0.270.30.83-0.651.0
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EnLink Midstream Account Relationship Matchups

EnLink Midstream income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization617M638.6M607.5M639.4M657.1M690.0M
Interest Expense216M223.3M215.2M238.1M271.7M285.3M
Total Revenue6.1B3.9B6.7B9.5B6.9B4.1B
Gross Profit1.0B866.7M888.5M1.3B1.4B1.4B
Other Operating Expenses5.6B3.5B6.3B8.9B6.2B3.9B
Operating Income991.2M90.6M(190.4M)64.6M692.8M727.4M
Ebit991.2M389.6M417.8M680.2M680M714M
Ebitda1.6B1.0B1.0B1.3B1.3B1.4B
Cost Of Revenue5.0B3.0B5.8B8.2B5.5B3.6B
Total Operating Expenses619.7M477.1M470.7M650.1M673.4M339.4M
Income Before Tax(992.7M)(172.4M)168.3M405.8M412.8M433.4M
Total Other Income Expense Net(2.0B)(190.4M)(250.2M)(256M)(280M)(294M)
Net Income(999.6M)(315.6M)142.9M500.7M206.2M216.5M
Income Tax Expense6.9M143.2M25.4M(94.9M)62.8M65.9M
Selling General Administrative152.6M103.3M107.8M125.2M115.5M126.0M
Net Income Applicable To Common Shares(1.1B)(421.5M)22.4M361.3M325.2M341.4M
Net Income From Continuing Ops(999.6M)(315.6M)142.9M500.7M350M367.5M
Non Recurring1.1B371.6M(700K)18M16.2M15.4M
Non Operating Income Net Other(15.9M)32.9M(11.5M)(11M)(12.7M)(12.0M)
Minority Interest119.7M105.9M120.5M(139.4M)(143.8M)(151.0M)
Tax Provision6.9M143.2M25.4M(94.9M)62.8M65.9M
Interest Income0.02.9M1.4M500K1M950K
Net Interest Income(216M)(223.3M)(220.4M)(245M)(276.2M)(290.0M)
Reconciled Depreciation617M638.6M607.5M639.4M657.1M672.9M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether EnLink Midstream LLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EnLink Midstream's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enlink Midstream Llc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enlink Midstream Llc Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EnLink Midstream LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EnLink Midstream. If investors know EnLink will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EnLink Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.49)
Dividend Share
0.53
Earnings Share
0.22
Revenue Per Share
14.633
Quarterly Revenue Growth
(0.09)
The market value of EnLink Midstream LLC is measured differently than its book value, which is the value of EnLink that is recorded on the company's balance sheet. Investors also form their own opinion of EnLink Midstream's value that differs from its market value or its book value, called intrinsic value, which is EnLink Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EnLink Midstream's market value can be influenced by many factors that don't directly affect EnLink Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EnLink Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnLink Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnLink Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.