Enlink Midstream Llc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 11.1, above the company average. This is a clear sign of healthy business climate in the Natural Gas Utilities industry and improving liquidity at their respective customers, during the third quarter 2024. Average receivable collection period, for the Enlink Midstream Llc in Sep 30 2024 quarter, has decreased to 33 days, compared to 34 days, in the Jun 30 2024 quarter.

If we take a look into Utilities sector 25 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2024 from 1022 to 1031.

What is Receivable Turnover Ratio?
What is Enlink Midstream Llc Selling?

What is Receivable Turnover Ratio?

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ENLC Receivables Turnover Ratio	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter
Y / Y Receivable Change	-20.5 %	18.69 %	-13.27 %	-7.98 %	-26.96 %
Y / Y Revenue Change	-7.89 %	1.37 %	-6.77 %	-9.46 %	-34.44 %
Receivable Turnover Ratio (TTM)	11.1	10.7	11.11	10.93	10.99
ENLC's Total Ranking	# 1031	# 1022	# 1250	# 1024	# 1073
Accounts Receivable average collection period days	33	34	33	33	33
Seq. Receivable Change	-14.46 %	18.89 %	-18.93 %	-3.58 %	27.72 %
Seq. Revenue Change	3.69 %	-5.87 %	-11.23 %	6.31 %	14.12 %

Receivable Turnover Company Ranking
Within:	No.
Natural Gas Utilities Industry	# 13
Utilities Sector	# 26
Overall Market	# 1031

Receivable Turnover Ratio Statistics
High	Average	Low
11.29	9.95	8.51
(Jun 30 2023)		(Mar 31 2021)

ENLC Company Profile • Back to ENLC Efficiency Comparisons • Compare ENLC Receivables Turnover Ratio to its Competitors

Financial Statements
Enlink Midstream Llc's Accounts Receivable	$ 550 Millions	Visit ENLC's Balance sheet
Enlink Midstream Llc's Sales TTM	$ 6,664 Millions	Visit ENLC's Income Statement
Sources of ENLC's Revenues		Visit ENLC's Sales by Geography

Other Accounts Receivable Turnover Ratios
Natural Gas Utilities Industry Accounts Receivable Turnover Trends and Statistics
Utilities Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
ENLC's Receivable Turnover Ratio versus Natural Gas Utilities Industry, Utilities Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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ENLC's Profitability Ratios	ENLC's Roi	ENLC's Asset Turnover Ratio	ENLC's Dividend Growth
ENLC's Valuation Ratios	ENLC's Roe	ENLC's Financial Strength Ratios	ENLC's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Utilities Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2024	Receivable at quarter ending Sep 30 2024
American States Water Co	31.84	$ 577.541 Millions	$ 18.142 Millions
Cms energy Corporation	31.64	$ 7,476.000 Millions	$ 236.250 Millions
Hallador Energy Co	26.07	$ 424.814 Millions	$ 16.293 Millions
Ngl Energy Partners Lp	23.70	$ 6,239.305 Millions	$ 263.274 Millions
Wisconsin Public Service Corporation	23.53	$ 1,562.800 Millions	$ 66.425 Millions
Cheniere Energy Partners L p	23.32	$ 8,930.000 Millions	$ 383.000 Millions
Transmontaigne Partners llc	21.46	$ 706.101 Millions	$ 32.900 Millions
Xcel Energy Inc	20.74	$ 25,195.000 Millions	$ 1,215.000 Millions
Sempra	20.72	$ 12,918.000 Millions	$ 623.500 Millions
Cheniere Energy Inc	20.24	$ 16,090.000 Millions	$ 795.000 Millions
Delek Logistics Partners Lp	20.18	$ 984.922 Millions	$ 48.816 Millions
Talen Energy Corporation	19.30	$ 5,009.000 Millions	$ 259.500 Millions
Evergy Inc	18.07	$ 5,777.800 Millions	$ 319.725 Millions
Hf Sinclair Corporation	17.68	$ 29,740.252 Millions	$ 1,682.605 Millions
Duke Energy Corporation	15.79	$ 30,209.000 Millions	$ 1,913.250 Millions
Global Water Resources Inc	15.03	$ 51.809 Millions	$ 3.448 Millions
Puget Energy Inc	13.48	$ 4,846.668 Millions	$ 359.611 Millions
Oneok Inc	13.32	$ 19,933.000 Millions	$ 1,496.500 Millions
Plains All American Pipeline Lp	12.62	$ 50,369.000 Millions	$ 3,990.000 Millions
Plains Gp Holdings Lp	12.62	$ 50,369.000 Millions	$ 3,990.000 Millions
Northwest Natural Holding Company	12.23	$ 1,137.832 Millions	$ 93.067 Millions
Montauk Renewables Inc	12.14	$ 194.848 Millions	$ 16.057 Millions
Targa Resources Corp	11.85	$ 16,215.700 Millions	$ 1,368.200 Millions
Ameren Corporation	11.75	$ 7,300.000 Millions	$ 621.500 Millions
Stabilis Solutions Inc	11.73	$ 73.504 Millions	$ 6.268 Millions
Allete Inc	11.42	$ 1,567.700 Millions	$ 137.300 Millions
Mge Energy Inc	11.36	$ 670.181 Millions	$ 59.003 Millions
Excelerate Energy Inc	11.23	$ 816.929 Millions	$ 72.745 Millions
Enlink Midstream Llc	11.10	$ 6,663.700 Millions	$ 600.425 Millions
New Jersey Resources Corporation	11.05	$ 1,796.539 Millions	$ 162.654 Millions

Date modified: 2026-08-29T17:19:02+00:00

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