EnLink Midstream (NYSE: ENLC) reported Q4 EPS of ($1.92), $1.96 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.69 billion.

CEO Commentary on 2019 and Forward Outlook:

"EnLink finished off 2019 with strong adjusted EBITDA performance in the fourth quarter, driven by our diversified asset platform and solid execution. 2019 was a year of transition for EnLink, including the evolution from a period of high growth into an era of operational optimization. We continue to take necessary actions to position EnLink financially and operationally for long-term success, while maintaining an unrelenting commitment to deliver best-in-class services reliably and safely," said Barry E. Davis, EnLink Chairman and Chief Executive Officer.

"Our large-scale, diversified platform generates significant, stable cash flows from our two growth platforms in the Permian and Louisiana, and our two strong, free-cash-flow-generating systems in Oklahoma and North Texas. The Permian continues to drive near-term growth, with producers remaining very active on our footprint, while our Louisiana platform provides long-term growth opportunities.

"We are confident that the earnings power of our platform combined with our execution plan will deliver superior returns for investors over the long-term. As we turn to 2020 and beyond, we believe our strategic asset platform will allow us to differentiate EnLink by generating excess free cash flow, supported by manageable capital needed to modestly grow adjusted EBITDA."

For earnings history and earnings-related data on EnLink Midstream (ENLC) click here.