EnLink Midstream, LLC Overview
Pro stress-test →EnLink Midstream is a $6.45 billion market cap company with annual revenues of $6.65 billion that operates natural gas gathering, processing, and transportation infrastructure across key U.S. energy basins. Effective around April 1, 2026, EnLink merged with ONEOK, gaining expanded footprint in the Permian and Anadarko basins and enhancing its position in natural gas liquids (NGL) and crude services.
Strategic Profile
Pro stress-test →EnLink has demonstrated operational strength through long-term contracts, including 200,000 MMBtu/d of Louisiana gas transportation capacity, and received a credit rating upgrade to 'BBB' from S&P Global. The company is exploring carbon capture and sequestration opportunities with ExxonMobil beyond southeast Louisiana into additional Gulf Coast areas, positioning itself for energy transition infrastructure.
Competitive Landscape
Pro stress-test →EnLink competes within the midstream energy infrastructure sector alongside major operators including ONEOK (now parent company), Kinder Morgan, and Williams Companies. The consolidation reflects broader industry trends toward scale amid volatile commodity prices and regulatory pressures on emissions. EnLink's focus on long-term, contracted volumes and emerging CCS infrastructure provides differentiation in an industry facing energy transition pressures.
Industry Context
EnLink Midstream, LLC operates in Midstream natural gas and crude transportation.
Key facts
Headquarters: Dallas, US · Revenue: $6.65B (TTM as of June 2026) · Market cap: $6.45B (pre-merger); now subsidiary of ONEOK