ENLC operates in the midstream energy sector, focusing on the gathering, compressing, treating, processing, transporting, storing, and selling of natural gas, natural gas liquids (NGLs), and crude oil. The company manages a substantial infrastructure that includes approximately 13,600 miles of pipelines, 25 natural gas processing plants with a capacity of 5.8 billion cubic feet per day, and seven fractionators with a capacity of 316,300 barrels per day. ENLC's operations are primarily based in the United States.
ENLC generates revenue mainly through fee-based contracts for its midstream services. This includes connecting producers' wells to gathering systems, transporting gas to processing plants, and reselling natural gas and NGLs to utilities, industrial consumers, and marketers. The company also engages in natural gas storage and operates large diameter natural gas transmission pipelines, which connect multiple production basins to various customers, including utilities and LNG facilities.
The company's operations are divided into five reportable segments: Permian, Louisiana, Oklahoma, North Texas, and Corporate. These segments cover various aspects of natural gas, NGL, and crude oil operations, with specific regional focuses such as gathering and processing in West Texas and New Mexico under the Permian segment, and extensive natural gas and NGL transmission pipelines in Louisiana. ENLC's primary customers include utilities, industrial consumers, and marketers within the competitive midstream industry. The company's business performance is directly impacted by regulatory changes, market competition, and the availability of transportation infrastructure.