EnLink Midstream LLC (NYSE: ENLC) stock lost over 0.01% on Feb 21st, 2019 (Source: Google finance) after the company reported a a net loss attributable to ENLK after non-controlling interest of approximately $230.2 million for the fourth quarter of 2018 and a net loss of $28 million for full-year 2018. Comparatively, net income after non-controlling interest for the fourth quarter of 2017 and full-year 2017 were approximately $75.7 million and $148.9 million, respectively. ENLK realized net cash provided by operating activities of $313 million for the fourth quarter of 2018 and $856.8 million for full-year 2018. Comparatively, net cash provided by operating activities for the fourth quarter of 2017 and full-year 2017 were $173.5 million and $706.5 million, respectively. Fourth quarter growth in net cash provided by operating activities, year over year, was approximately 80 percent and full-year growth, year over year, was approximately 21 percent. ENLK achieved distributable cash flow (DCF) of $191.3 million for the fourth quarter of 2018 and $727.9 million for full-year 2018. Comparatively, DCF for the fourth quarter of 2017 and full-year 2017 were $163.7 million and $621.1 million, respectively. Fourth quarter and full-year growth in DCF, year over year, were approximately 17 percent.

ENLC in the fourth quarter of FY 18 has reported the adjusted loss per share of 34 cents, missing the analysts’ estimates for the adjusted loss per share of 17 cents. The company had reported the adjusted revenue of $2.06 billion in the fourth quarter of FY 18, missing the analysts’ estimates for revenue of $2.12 billion. ENLK achieved approximately $273.9 million of adjusted EBITDA net to ENLK for the fourth quarter of 2018 and $1.042 billion for full-year 2018. Adjusted EBITDA for full-year 2018 was at the high-end of the upwardly revised 2018 guidance range

ENLC reaffirmed 2019 financial guidance. Volume growth is projected to remain very robust across EnLink’s Oklahoma and Permian multicommodity footprints. ENLC continued quarterly distribution growth and reaffirmed expectations for annual distribution growth of approximately 5 to 10 percent for declared distributions from 2019 through 2021.  On January 25, 2019, EnLink completed its previously announced simplification transaction.

For FY 19, EnLink Midstream, LLC expects Net income to range from $205 million to $215 million for full-year 2019. Adjusted EBITDA is projected to range from $1.085 billion to $1.175 billion for full-year 2019. DCF is projected to range from approximately $730 million to $800 million for full-year 2019