Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines, and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution and energy transportation activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission assets in North America and Europe. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; and physical commodity marketing and logistical services in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
IPO Year:
Exchange: NYSE
Website: enbridge.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2024 | Equal-Weight | Morgan Stanley | |
| 9/30/2024 | Buy → Hold | Jefferies | |
| 2/27/2024 | Buy | Jefferies | |
| 1/18/2024 | Hold | Stifel | |
| 10/25/2023 | Equal Weight → Underweight | Wells Fargo | |
| 10/17/2023 | Peer Perform → Underperform | Wolfe Research | |
| 9/12/2023 | Sector Perform | National Bank Financial | |
| 9/11/2023 | $54.00 → $52.00 | Market Perform | BMO Capital Markets |
| 9/8/2023 | Market Perform | BMO Capital Markets | |
| 9/8/2023 | $54.00 → $52.00 | Market Perform | BMO Capital Markets |
10-Q - ENBRIDGE INC (0000895728) (Filer)
8-K - ENBRIDGE INC (0000895728) (Filer)
8-K - ENBRIDGE INC (0000895728) (Filer)
10-Q - ENBRIDGE INC (0000895728) (Filer)
8-K - ENBRIDGE INC (0000895728) (Filer)
8-K - ENBRIDGE INC (0000895728) (Filer)
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11-K - ENBRIDGE INC (0000895728) (Filer)
CALGARY, AB, Nov. 1, 2024 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series 9 (Series 9 Shares) (TSX:ENB) on December 1, 2024. As a result, subject to certain conditions, the holders of the Series 9 Shares have the right to convert all or part of their Series 9 Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series 10 of Enbridge (Series 10 Shares) on December 1, 2024. Holders who do not exercise their right to convert their Series 9 Shares into Series 10 Shares will retain their Series 9 Shares
CALGARY, AB, Nov. 1, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported third quarter 2024 financial results, provided a quarterly business update, and reaffirmed its 2024 financial guidance and outlook. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) Third quarter GAAP earnings of $1.3 billion or $0.59 per common share, compared with GAAP earnings of $0.5 billion or $0.26 per common share in 2023Adjusted earnings* of $1.2 billion or $0.55 per common share*, compared with $1.3 billion or $0.62 per common
CALGARY, AB, Oct. 30, 2024 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) announced that its Board of Directors has declared a quarterly dividend of $0.9150 per common share, payable on December 1, 2024 to shareholders of record on November 15, 2024. The amount of the dividend is consistent with the September 1, 2024 dividend. The Board also declared the following quarterly dividends for Enbridge Preferred Shares. All dividends are payable on December 1, 2024 to shareholders of record on November 15, 2024. All amounts shown are in Canadian dollars unless otherwise specified. Common Shares $0.9150 Preference Shares, Series A $0.34375 Preference Shares, Series
CALGARY, AB, Oct. 7, 2024 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB), in collaboration with Microsoft, is harnessing the power of artificial intelligence (AI) to drive significant advancements in safety, emissions reduction, and asset optimization across its operations. Building on a strong digital foundation, the company began implementing AI over five years ago and is now leveraging it to support operational and environmental excellence. "Our long-term collaboration with Microsoft has enabled us to apply cutting edge technology, which is helping to solve critical business problems and deliver powerful outcomes," said Bhushan Ivaturi, Senior Vice President and Chief Information Offi
CALGARY, AB, Oct. 4, 2024 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) will host a conference call and webcast to provide a business update and review 2024 third quarter results on November 1, 2024, at 7 a.m. MT (9 a.m. ET). The conference call format will include prepared remarks from the executive team, followed by a question-and-answer session for the analyst and investor community only. Enbridge's media and investor relations teams will be available after the call for any additional questions. Enbridge will announce its financial results before markets open on November 1, 2024. 2024 Third Quarter Earnings Webcast and Conference Call Details of the webcast
HOUSTON, Oct. 3, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge) (TSX:ENB) (NYSE:ENB) announced today that it will build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development, operated by BP Exploration & Production Company ("bp"). The crude oil pipeline, named the Canyon Oil Pipeline System ("Canyon Oil"), will be a combination of 24" and 26" pipe with capacity of 200,000 barrels per day. It will originate in the Keathley Canyon area and deliver crude to the existing Green Canyon 19 platform, operated by
Final of three gas utility closings as part of Enbridge transactions announced in September 2023Another major milestone in successful conclusion of company's top-to-bottom business reviewRICHMOND, Va., Oct. 1, 2024 /PRNewswire/ -- Dominion Energy, Inc. (NYSE:D), today announced closure of the sale of its Gastonia, N.C.-based natural gas utility, Public Service Company of North Carolina, Incorporated, to Enbridge Inc. (TSX:ENB) (NYSE:ENB) for approximately $3.2 billion, including assumed indebtedness and adjusted for customary closing items. Public Service Company of North Caro
CALGARY, AB, Oct. 1, 2024 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) ("Enbridge" or the "Company") announced today the closing of its acquisition of Public Service Company of North Carolina, Incorporated ("PSNC") from Dominion Energy, Inc. ("Dominion Energy"). The PSNC gas utility will be doing business in North Carolina as Enbridge Gas North Carolina and will join Enbridge's Gas Distribution and Storage Business Unit. This marks the successful completion of the strategic acquisition of three U.S. based gas utilities first announced in September 2023. PSNC is a premier single-state regulated gas utility in North Carolina serving over 600,000 customers in service territories supported
CALGARY, AB, Aug. 19, 2024 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) announced today that 1,502,775 of its outstanding Cumulative Redeemable Preference Shares, Series 3 (Series 3 Shares) were tendered for conversion, on a one-for-one basis, into Cumulative Redeemable Preference Shares, Series 4 of Enbridge (Series 4 Shares), effective on September 1, 2024. As a result, on September 1, 2024, Enbridge will have 22,497,225 Series 3 Shares and 1,502,775 Series 4 Shares issued and outstanding. The Series 3 Shares will continue to be listed on the Toronto Stock Exchange (TSX) under the symbol ENB.PR.Y. The TSX has conditionally approved the listing of the Series
CALGARY, AB, Aug. 2, 2024 /CNW/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series 3 (Series 3 Shares) (TSX:ENB) on September 1, 2024. As a result, subject to certain conditions, the holders of the Series 3 Shares have the right to convert all or part of their Series 3 Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series 4 of Enbridge (Series 4 Shares) on September 1, 2024. Holders who do not exercise their right to convert their Series 3 Shares into Series 4 Shares will retain their Series 3 Shares. The f
Morgan Stanley resumed coverage of Enbridge with a rating of Equal-Weight
Jefferies downgraded Enbridge from Buy to Hold
Jefferies initiated coverage of Enbridge with a rating of Buy
Stifel initiated coverage of Enbridge with a rating of Hold
Wells Fargo downgraded Enbridge from Equal Weight to Underweight
Wolfe Research downgraded Enbridge from Peer Perform to Underperform
National Bank Financial resumed coverage of Enbridge with a rating of Sector Perform
BMO Capital Markets resumed coverage of Enbridge with a rating of Market Perform and set a new price target of $52.00 from $54.00 previously
BMO Capital Markets resumed coverage of Enbridge with a rating of Market Perform
BMO Capital Markets resumed coverage of Enbridge with a rating of Market Perform and set a new price target of $52.00 from $54.00 previously
SC 13G/A - ENBRIDGE INC (0000895728) (Subject)
AUSTIN, Texas, March 26, 2024 /PRNewswire/ -- WhiteWater, I Squared, MPLX LP (NYSE:MPLX), and Enbridge Inc. (TSX:ENB) (NYSE:ENB) jointly announce they have entered into a definitive agreement to strategically combine the Whistler Pipeline and Rio Bravo Pipeline project in a newly formed joint venture. Enbridge will contribute its wholly-owned Rio Bravo Pipeline project and cash in exchange for an ownership stake in the newly formed joint venture. Following the closing of the transaction, the ownership in the joint venture will be WhiteWater/I Squared (50.6%), MPLX (30.4%), and
CALGARY, AB, Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) is pleased to announce that its Board of Directors has appointed Manjit Minhas as a director of Enbridge. Ms. Minhas is the co-founder and CEO of Minhas Breweries, Distilleries and Wineries. She is an experienced director and has extensive business and entrepreneurial experience. Ms. Minhas is currently a director of ATB Financial. "On behalf of the Board of Directors of Enbridge, we are very pleased to welcome Ms. Minhas to the Enbridge Board. She will be a strong addition to our Board, and we look forward to benefiting from her broad-based business acumen," stated Pamela Carter, the Chair of the Board of Directo
CALGARY, AB, Nov. 30, 2022 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) today announced Pamela L. Carter as Chair of the Board effective January 1, 2023, coincident with the appointment of current Board Chair, Greg Ebel, as President & CEO on the same date. Mr. Ebel succeeds retiring President and CEO, Al Monaco. Ms. Carter has served as a director of the Enbridge Board since 2017 and with a predecessor company since 2007. Most recently she has served as Chair of the Human Resources & Compensation Committee of the Board, member of the Sustainability and Safety & Reliability Committees and as a former Chair of the Governance Committee. "Pamela brings continuity
CALGARY, AB, Nov. 5, 2021 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge) is pleased to announce that its Board of Directors has appointed Gaurdie Banister and Jane Rowe as directors of Enbridge, effective November 4, 2021. Mr. Banister has more than 40 years of experience within the energy sector, most recently as the CEO of Aera Energy LLC. Prior thereto, he had a long and successful career at Royal Dutch Shell, including various senior leadership roles between 1980 and 2007. Mr. Banister is currently a director of Tyson Foods and Dow Inc. Ms. Rowe is a highly experienced executive with strong strategic business and financial skills, currently serving as Vice Chair, Investment
CALGARY, AB, June 21, 2021 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Corporation) announces the resignation of Gregory J. Goff as a director of the Corporation, effective June 21, 2021. Mr. Goff's decision to resign from the Board of Directors was not the result of any disagreement relating to the Corporation's operations, policies or practices. Enbridge would like to thank Mr. Goff for his service and contribution to the Corporation. About Enbridge Inc. Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which
CALGARY, AB, Nov. 1, 2024 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series 9 (Series 9 Shares) (TSX:ENB) on December 1, 2024. As a result, subject to certain conditions, the holders of the Series 9 Shares have the right to convert all or part of their Series 9 Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series 10 of Enbridge (Series 10 Shares) on December 1, 2024. Holders who do not exercise their right to convert their Series 9 Shares into Series 10 Shares will retain their Series 9 Shares
CALGARY, AB, Nov. 1, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported third quarter 2024 financial results, provided a quarterly business update, and reaffirmed its 2024 financial guidance and outlook. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) Third quarter GAAP earnings of $1.3 billion or $0.59 per common share, compared with GAAP earnings of $0.5 billion or $0.26 per common share in 2023Adjusted earnings* of $1.2 billion or $0.55 per common share*, compared with $1.3 billion or $0.62 per common
CALGARY, AB, Oct. 30, 2024 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) announced that its Board of Directors has declared a quarterly dividend of $0.9150 per common share, payable on December 1, 2024 to shareholders of record on November 15, 2024. The amount of the dividend is consistent with the September 1, 2024 dividend. The Board also declared the following quarterly dividends for Enbridge Preferred Shares. All dividends are payable on December 1, 2024 to shareholders of record on November 15, 2024. All amounts shown are in Canadian dollars unless otherwise specified. Common Shares $0.9150 Preference Shares, Series A $0.34375 Preference Shares, Series
CALGARY, AB, Oct. 4, 2024 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) will host a conference call and webcast to provide a business update and review 2024 third quarter results on November 1, 2024, at 7 a.m. MT (9 a.m. ET). The conference call format will include prepared remarks from the executive team, followed by a question-and-answer session for the analyst and investor community only. Enbridge's media and investor relations teams will be available after the call for any additional questions. Enbridge will announce its financial results before markets open on November 1, 2024. 2024 Third Quarter Earnings Webcast and Conference Call Details of the webcast
HOUSTON, Oct. 3, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge) (TSX:ENB) (NYSE:ENB) announced today that it will build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development, operated by BP Exploration & Production Company ("bp"). The crude oil pipeline, named the Canyon Oil Pipeline System ("Canyon Oil"), will be a combination of 24" and 26" pipe with capacity of 200,000 barrels per day. It will originate in the Keathley Canyon area and deliver crude to the existing Green Canyon 19 platform, operated by
CALGARY, AB, Aug. 2, 2024 /CNW/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series 3 (Series 3 Shares) (TSX:ENB) on September 1, 2024. As a result, subject to certain conditions, the holders of the Series 3 Shares have the right to convert all or part of their Series 3 Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series 4 of Enbridge (Series 4 Shares) on September 1, 2024. Holders who do not exercise their right to convert their Series 3 Shares into Series 4 Shares will retain their Series 3 Shares. The f
HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported second quarter 2024 results. Second quarter 2024 net income attributable to Targa Resources Corp. was $298.5 million compared to $329.3 million for the second quarter of 2023. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $984.3 million for the second quarter of 2024 compared to $789.1 million for the second quarter of 2023. Highlights Record adjusted EBITDA for the second quarter of $984.3 millionRecord Permian, NGL transportation, and fractionation v
AUSTIN, Texas, July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, have partnered with an affiliate of Targa Resources Corp. (NYSE:TRGP) to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after having secured sufficient firm transportation agreements with predominantly investment grade shippers, including, but not limited to, Devon Energy, Corp. (NYSE:DVN), Diamondback Energy, Inc. (NYSE:FANG), Marathon Petroleum Corp. (NYSE:MPC), and Targa Resources Corp. I Squared owns WhiteWater's stake in
CALGARY, AB, July 30, 2024 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) announced that its Board of Directors has declared a quarterly dividend of $0.9150 per common share, payable on September 1, 2024 to shareholders of record on August 15, 2024. The amount of the dividend is consistent with the June 1, 2024 dividend. The Board also declared the following quarterly dividends for Enbridge Preferred Shares. All dividends are payable on September 1, 2024 to shareholders of record on August 15, 2024. All amounts shown are in Canadian dollars unless otherwise specified. Common Shares $0.9150 Preference Shares, Series A $0.34375 Preference Shares, Series B $0.32
CALGARY, AB, July 8, 2024 /PRNewswire/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) will host a conference call and webcast to provide a business update and review 2024 second quarter results on August 2, 2024, at 7 a.m. MT (9 a.m. ET). The conference call format will include prepared remarks from the executive team, followed by a question and answer session for the analyst and investor community only. Enbridge's media and investor relations teams will be available after the call for any additional questions. Enbridge will announce its financial results before markets open on August 2, 2024. 2024 Second Quarter Earnings Webcast and Conference Call Details of the webcast Wh
- Reuters
- Reuters
On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes Enbridge Inc. (NYSE:ENB). “I trust that management team,” he added. On May 10, Enbridge posted better-than-expected quarterly earnings. Lazard, Inc. (NYSE:LAZ) is a good buy here, Cramer said. “I do believe that things are going to get a little less onerous… when it comes to takeovers.” On May 20, Lazard announced that Ben Braun joined the firm as managing director and global head of Media, Entertainment & Sports Advisory. Cramer recommended staying away from AST SpaceMobile, Inc. (NASDAQ:ASTS) as there are so many great companies. “We don't need to be in that one,” he added. On May 15, AST SpaceMobile and AT&T an
Waste Management, Inc. (NYSE:WM) reportedly explored divestment of its renewable natural gas business that could be worth about $3 billion. The company is working with JP Morgan Chase & Co. (NYSE:JPM) to gauge interest from potential energy companies and private equity firms, reported Reuters. As per the report, Waste Management aims to offload the rights to develop RNG operations on 115 landfills that it owns, adding the company would retain ownership of the landfills. If the deal talks conclude successfully, it would mark one of the biggest-ever asset sales in the nascent U.S. RNG industry, as per the report. The company’s RNG unit currently generates about $150 million of EBI
Pursuant to the ATM Option, Enbridge may issue and sell, at its discretion, up to $2.75 billion (or the U.S. dollar equivalent) of common shares of the Company (Common Shares) from treasury to the public from time to time, at the market prices
U.S. stocks are on track to finish the week on a high, with the index futures pointing to a higher opening on Friday. The recent string of weak data has given raise to hopes that the Federal Reserve may have to relent and take rates lower. A few Federal Reserve speeches scheduled for the day will likely offer some color on what the central bank may do with rates this year. A consumer sentiment reading and inflation expectations, which are a part of the report, and tapering earnings news flow could also impact trader sentiment. All eyes will be on the S&P 500 Index to see if the upward momentum is strong enough to lift it past late March closing highs of 5,248.49. FuturesPerformance (+/
FINANCIAL OUTLOOK The Company reaffirms its 2024 Base Business financial guidance for EBITDA and DCF. Results in the first quarter of 2024 are in line with the Company's expectations. Enbridge continues to anticipate strong asset utilization and operating performance in 2024 with normal course easonality, including Mainline volumes of approximately 3.0 million barrels per day on average for the year.
Enbridge (NYSE:ENB) reported quarterly earnings of C$0.92 per share which beat the analyst consensus estimate of C$0.82 by 12.2 percent. This is a 8.24 percent increase over earnings of C$0.85 per share from the same period last year.
With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects DNOW Inc. (NYSE:DNOW) to report quarterly earnings at 23 cents per share on revenue of $569.15 million before the opening bell, according to data from Benzinga Pro. DNOW shares rose 0.9% to $15.00 in after-hours trading. Array Technologies, Inc. (NASDAQ:ARRY) reported stronger-than-expected financial results for the first quarter on Thursday. The company posted adjusted earnings of 6 cents per share, versus market expectations for a loss of 3 cents per share. Array Technologies shares 9.5% to $13.70 in the after-hours trading session.
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, but the index remained in the “Fear” zone on Thursday. U.S. stocks settled higher on Thursday, with the Dow Jones index recording gains for the seventh straight session. Roblox Corp (NYSE:RBLX) posted better-than-expected first-quarter financial results, but issued weak guidance. Airbnb, Inc. (NASDAQ:ABNB) shares dipped around 7% on Thursday after the company reported first-quarter financial results. On the economic data front, U.S. initial jobless claims increased by 22,000 to 231,000 on the week ending May 4, higher than market estimates of 210,000. Most sectors on the S&P 500 closed