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Enbridge (ENB) Q2 Earnings Miss Estimates, Revenues Rise Y/Y
ZACKS· 2024-08-06 13:00
Enbridge Inc. (ENB) reported second-quarter 2024 adjusted earnings per share (EPS) of 42 cents, which missed the Zacks Consensus Estimate of 45 cents. The bottom line also decreased from the year-ago quarter's figure of 51 cents. However, total quarterly revenues of $8.3 billion increased from $7.8 billion in the prior-year quarter. The top line also beat the Zacks Consensus Estimate of $5.7 billion. The weak quarterly earnings resulted from increased financing costs, higher income taxes and greater depreci ...
Data Is the New Oil, and It's Powering Growth for This 7%-Yielding Dividend Stock
The Motley Fool· 2024-08-06 08:49
Enbridge is capitalizing on opportunities to supply energy to data centers. Oil has been fueling the industrial economy for over a century. It's still important today and likely will remain vital for years to come. However, the digital economy runs on a different fuel: data. Companies rely on data centers to process and store data for their cloud computing and artificial intelligence (AI) applications. And those power-hungry facilities require massive amounts of energy. That's playing right into the hands o ...
Mission-Critical And Dirt Cheap: Wall Street Keeps Underestimating 7%-Yielding Enbridge
Seeking Alpha· 2024-08-05 00:12
imaginima Introduction Whenever I discuss Enbridge Inc. (NYSE:ENB) (TSX:ENB:CA), I get comments from disappointed investors who wonder why on earth I'm bullish on a stock that has generated no shareholder value in "recent" years. These comments make sense. After all, over the past ten years, Toronto-listed Enbridge shares have returned negative 2%. This includes its dividend! New York-listed shares have lost 23%, also including dividends. The difference is caused by unfavorable currency translations during ...
This 7%-Yielding Dividend Stock Should Be Your First Choice for Income and Upside
The Motley Fool· 2024-08-04 15:07
Enbridge has everything it needs to continue supplying investors with a steadily rising income stream. Enbridge (ENB 0.96%) is North America's largest energy infrastructure operator. The Canadian pipeline and utility company transports 30% of the oil produced in North America and 20% of the gas consumed in the U.S. and operates the continent's largest gas utility. And for good measure, it's a leading global renewable power producer. Those assets help Enbridge pay a well-supported dividend, which currently y ...
Enbridge: I'd Like To Lock In A 7.4% Preferred Dividend Yield
Seeking Alpha· 2024-08-04 14:40
Denis Shevchuk/iStock via Getty Images Introduction It's been a while since I last looked at Enbridge (NYSE:ENB) (TSX:ENB:CA), and while I definitely respect investors focusing on dividend growth when they look at Enbridge, I'm focusing on the company's preferred shares. It adds an additional layer of safety to the fixed income portion of my portfolio. And while I fully acknowledge I'm giving up potential capital gains, I don't mind having a "lower risk" preferred stock in my portfolio. I, of course, realiz ...
5 Top Stocks to Buy in August
The Motley Fool· 2024-08-04 13:21
From smaller companies chock-full of potential to proven passive-income powerhouses, there are plenty of growth, dividend, and value stocks to buy this month. There's been a lot going on between enduring the sweltering summer heat, kicking back and watching the Olympics, and getting ready for back-to-school season. But the stock market just had arguably its most dramatic month of the year, with many mega-cap tech stocks plummeting, plenty of rebounds across small caps, and surprisingly red-hot runs in value ...
Afraid of a Bear Market? 3 High-Yield Stocks That Could Be Your Safe Haven in a Storm.
The Motley Fool· 2024-08-03 14:39
These high-yielding dividend stocks can supply a tangible return during a market downturn. There's increasing uncertainty these days. The economy is starting to show some signs of slowing, and the possibility of an escalating conflict in the Middle East is creating anxiety. On top of that is the upcoming presidential election. All this uncertainty has investors rattled, with the market recently having its worst day since early last year. These factors might have you fearing that another bear market could be ...
Enbridge(ENB) - 2024 Q2 - Earnings Call Transcript
2024-08-02 16:26
Enbridge Inc. (NYSE:ENB) Q2 2024 Earnings Conference Call August 2, 2024 9:00 AM ET Company Participants Rebecca Morley - VP, IR Gregory L. Ebel - President and CEO Patrick Murray - EVP and CFO Colin K. Gruending - EVP and President, Liquids Pipelines Cynthia L. Hansen - EVP and President, Gas Transmission and Midstream Michele E. Harradence - EVP and President, Gas Distribution and Storage Matthew A. Akman - EVP, Corporate Strategy and President, Power Conference Call Participants Robert Hope - Scotiabank ...
Enbridge (ENB) Misses Q2 Earnings Estimates
ZACKS· 2024-08-02 13:25
Enbridge (ENB) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -6.67%. A quarter ago, it was expected that this oil and natural gas transportation and power transmission company would post earnings of $0.59 per share when it actually produced earnings of $0.68, delivering a surprise o ...
Enbridge(ENB) - 2024 Q2 - Earnings Call Presentation
2024-08-02 13:01
August 2, 2024 Greg Ebel President & CEO Pat Murray EVP & CFO Legal notice Forward Looking Information This presentation includes certain forward-looking statements and information (FLI) to provide potential investors and shareholders of Enbridge Inc. (Enbridge or the Company) with information about Enbridge and its subsidiaries and affiliates, including management's assessment of their future plans and operations, which FLI may not be appropriate for other purposes. FLI is typically identified by words suc ...