Potential EBITDA Growth for EnLink Midstream with Permian NGL Pipeline Recontracting
Monday, 8 July 2024, 16:43
EnLink Midstream Receives Wells Fargo Upgrade
EnLink Midstream (ENLC) has been upgraded at Wells Fargo, acknowledging the company's potential EBITDA growth.
Permian Basin Advantage
The upgrade is attributed to the advantages EnLink Midstream enjoys from the renegotiation of NGL volumes in Permian Basin.
- Potential EBITDA Upside: The recontracting of NGL volumes in the region can lead to increased profitability.
- Investment Opportunity: Investors stand to benefit from the growth potential of EnLink Midstream in the Permian Basin.
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