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EnLink Midstream Reports First Quarter 2021 Results and Reaffirms 2021 Guidance


EnLink Midstream Reports First Quarter 2021 Results and Reaffirms 2021 Guidance
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DALLAS, May 4, 2021 /PRNewswire/ EnLink Midstream, LLC (NYSE: ENLC) (EnLink) reported financial results for the first quarter of 2021 and reaffirmed 2021 financial guidance.
Highlights
Reported net income of $12.6 million, net cash provided by operating activities of $225.8 million, and adjusted EBITDA, net to EnLink, of $249.4 million for the first quarter of 2021, driven by strong operational execution and a continued focus on cost reductions.
Winter Storm Uri temporarily impacted volumes across EnLink s asset footprint giving rise to commercial challenges offset by operational savings. On a net basis, it is estimated that Winter Storm Uri did not have a material impact to first quarter of 2021 results. All systems have resumed normal operations and suffered no lasting integrity impact. ....

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