EnLink Midstream lowers long-term leverage target to 3.5-times debt-to-EBITDA

EnLink “lowered its long-term leverage target to 3.5x debt-to-EBITDA. EnLink’s previous target was below 4.0x. The updated policy reflects progress made on deleveraging and strengthening the balance sheet, EnLink’s solid financial and operational performance, and management’s confidence in the long-term outlook of the business. At the end of the third quarter of 2023, EnLink’s leverage stood at 3.4x.”