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EnLink Midstream Announces CEO Departure Amid ONEOK Merger
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EnLink Midstream Announces CEO Departure Amid ONEOK Merger

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The latest update is out from EnLink Midstream ( (ENLC) ).

EnLink Midstream, LLC announced the upcoming departure of its President and CEO, Jesse Arenivas, following the acquisition of its remaining publicly held units by ONEOK, Inc., expected to finalize in the first quarter of 2025. Arenivas’ departure is a planned transition under the change in control agreement, with no disagreements with the company, marking a significant leadership change as EnLink integrates further with ONEOK.

More about EnLink Midstream

EnLink Midstream, LLC operates in the energy sector, focusing on providing midstream energy services including gathering, processing, and transportation of natural gas, natural gas liquids, and crude oil.

YTD Price Performance: 1.12%

Average Trading Volume: 2,453,862

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $6.62B

For detailed information about ENLC stock, go to TipRanks’ Stock Analysis page.

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