EnLink Midstream
EnLink Midstream is a Dallas-based integrated midstream energy infrastructure company providing natural gas gathering, processing, transmission, and NGL fractionation services to oil and gas producers in U.S. basins, notably the Permian. It became a wholly-owned subsidiary of ONEOK following the January 31, 2025 closing of a ~$3.3 billion acquisition.
- Company typePrivate
- Founded2014
- HeadquartersDallas, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What EnLink Midstream does
EnLink Midstream is an integrated midstream energy infrastructure company headquartered in Dallas, Texas, providing natural gas gathering, processing, transmission, and natural gas liquids (NGL) fractionation services to oil and gas producers across major U.S. production basins, with a significant concentration in the Permian Basin. The company operates an extensive network of pipelines and gas processing facilities that move hydrocarbons from the wellhead to end markets, generating revenue primarily through long-term, volume- and capacity-based midstream contracts with upstream operators. Prior to January 31, 2025, EnLink operated as a publicly traded master limited partnership and accessed public debt markets repeatedly (notably $300M senior notes in April 2023 and $500M senior notes in August 2024) to fund capital programs and acquisitions.
On January 31, 2025, ONEOK completed its acquisition of EnLink Midstream from Global Infrastructure Partners for approximately $3.3 billion in cash, and subsequently signaled intent to acquire the remaining ~57% of EnLink's common units in a tax-free exchange for ONEOK stock, effectively targeting full consolidation. The acquisition is part of ONEOK's broader midstream consolidation strategy, which also included the $2.6 billion Medallion Midstream transaction announced August 28, 2024, alongside the EnLink deal totaling roughly $5.9 billion. Post-close, EnLink operates as a wholly-owned subsidiary of ONEOK (NYSE: OKE), with its Permian assets now connected to ONEOK's existing gas processing, pipeline, and fractionation infrastructure. The company website (enlink.oneok.com) and investor relations functions have been redirected to ONEOK's corporate site, and three EnLink board directors were replaced as part of the post-acquisition governance transition.
EnLink Midstream firmographics
Firmographics- Name
- EnLink Midstream
- Legal name
- EnLink Midstream LLC
- Website
- https://enlink.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Acquired
- Headcount range
- 1,001–5,000 employees
- Short description
- EnLink Midstream is a Dallas-based integrated midstream energy infrastructure company providing natural gas gathering, processing, transmission, and NGL fractionation services to oil and gas producers in U.S. basins, notably the Permian. It became a wholly-owned subsidiary of ONEOK following the January 31, 2025 closing of a ~$3.3 billion acquisition.
- Ownership category
- akta.pro rank
EnLink Midstream industry classification
Industry- Product category
- Midstream Energy Infrastructure
- NAICS
- Pipeline Transportation of Natural Gas (4862), Other Pipeline Transportation (4869)
- SIC
- Natural Gas Transmission (4922)
- akta.pro primary industry
- Gas Pipeline & Midstream Asset Management (EUAEAMAF)
- akta.pro secondary industry
- NGL/LPG Trunkline / Transmission Pipelines (Interstate/Long-Haul) (TLAGAEAI)
Keywords
Where EnLink Midstream is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Markets served
EnLink Midstream business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Others
EnLink Midstream product offering
Product offeringCore offering
EnLink Midstream provides integrated midstream energy services including natural gas gathering, processing, transmission, and fractionation of natural gas liquids (NGLs). The company operates pipeline networks and gas processing facilities primarily in the Permian Basin and other key U.S. production regions, moving hydrocarbons from the wellhead to end markets.
Product overview
EnLink Midstream operates as an integrated midstream energy infrastructure company offering a comprehensive suite of services including natural gas gathering, processing, transmission, and NGL fractionation. The company operates extensive pipeline networks and gas processing facilities across major U.S. production basins, with significant presence in the Permian Basin. Following its acquisition by ONEOK on January 31, 2025, EnLink's infrastructure assets complement ONEOK's existing operations, creating a fully integrated midstream platform. The company's core offerings include gas processing plants, pipeline systems, and fractionation infrastructure that support the transportation and processing of natural gas and NGLs from wellhead to end markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Midstream Energy Infrastructure Services
Companies that use EnLink Midstream
Customer profileSegments1 record
Ideal customer profiles1 record
EnLink Midstream technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
EnLink Midstream partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ONEOKcoreONEOK announced the acquisition of EnLink Midstream from Global Infrastructure Partners for approximately $3.3 billion in cash on August 28, 2024. The transaction closed on January 31, 2025. Following the acquisition, ONEOK planned to pursue acquiring the remaining 57% of EnLink's common units in a tax-free exchange for ONEOK stock.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
EnLink Midstream competitors and assessment
Company assessmentBroad incumbents
- ONEOK: Parent company since January 31, 2025, completing the $3.3B acquisition. Operates a multi-commodity midstream platform with extensive NGL fractionation, gas processing, and pipeline assets across the U.S., making it the most directly comparable operating peer.
- Kinder Morgan: Largest U.S. natural gas pipeline operator with extensive gathering, processing, transportation, and storage assets. Competes broadly with EnLink in natural gas transmission and is a meaningful comparable on the gas side of the business.
- Magellan Midstream Partners: Refined products and crude oil pipeline operator acquired by ONEOK in 2023 alongside the EnLink deal. Sister company to EnLink within ONEOK and a relevant midstream comparable for fee-based pipeline economics.
Direct peers
- Williams Companies: Large-cap U.S. natural gas midstream operator with gathering, processing, and long-haul transmission assets. Competes directly with EnLink for Permian-sourced gas and NGL takeaway and shares a similar integrated value-chain model.
- Enterprise Products Partners: One of the largest publicly traded midstream MLPs, with extensive NGL fractionation, pipelines, and gas processing assets. Directly comparable integrated midstream model covering natural gas, NGLs, and related services.
- Targa Resources: Permian-focused natural gas processor and NGL producer with gathering, processing, fractionation, and export logistics assets. Highly comparable to EnLink's Permian midstream footprint and integrated NGL exposure.
- Energy Transfer: Large diversified midstream MLP with significant natural gas, NGL, and crude pipeline operations across key U.S. basins including the Permian. Competes directly for producer midstream commitments and downstream NGL markets.
- Western Midstream Partners: Permian-focused midstream operator owned jointly by Occidental and Crescent Energy. Provides natural gas gathering, processing, and crude transportation services overlapping EnLink's Permian asset base.
- DT Midstream: Mid-cap natural gas midstream operator focused on gathering, processing, transportation, and storage. Competes for Permian-sourced gas takeaway and provides a comparable integrated gas midstream model.
- Crestwood Equity Partners: Midstream partnership operating natural gas and NGL gathering/processing assets in the Permian and other U.S. basins. Closely comparable operating footprint and customer base to EnLink's Permian operations.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
EnLink Midstream social profiles
Digital presenceEnLink Midstream financial estimates
Financial estimateRevenue estimate
Valuation estimate
EnLink Midstream leadership team
Management profileNumber of profiles
EnLink Midstream funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EnLink Midstream M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EnLink Midstream
What does EnLink Midstream do?
EnLink Midstream provides integrated midstream energy services including natural gas gathering, processing, transmission, and fractionation of natural gas liquids (NGLs). The company operates pipeline networks and gas processing facilities primarily in the Permian Basin and other key U.S. production regions, moving hydrocarbons from the wellhead to end markets.
Is EnLink Midstream a public or private company?
EnLink Midstream is a private company. It is classified as corporate owned and is currently acquired.
When was EnLink Midstream founded?
EnLink Midstream was founded in 2014. It employs 1,001 to 5,000 people.
Where is EnLink Midstream based?
EnLink Midstream is headquartered in Dallas, United States, in the North America region.
Who are EnLink Midstream's main competitors?
Broad incumbents on record are ONEOK, Kinder Morgan and Magellan Midstream Partners. Direct peers are Williams Companies, Enterprise Products Partners, Targa Resources, Energy Transfer, Western Midstream Partners, DT Midstream and Crestwood Equity Partners.
Does EnLink Midstream have an API?
No public API is recorded for EnLink Midstream.
What industry is EnLink Midstream in?
EnLink Midstream's product category is Midstream Energy Infrastructure. Its primary akta.pro industry code is EUAEAMAF, Gas Pipeline & Midstream Asset Management, with a secondary code of TLAGAEAI, NGL/LPG Trunkline / Transmission Pipelines (Interstate/Long-Haul). Its NAICS code is 4862 and its SIC code is 4922.