UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-15254 _______________________________ ENBRIDGE INC. (Exact Name of Registrant as Specified in Its Charter) Canada 98-0377957 (State or Other ...

NEWS RELEASE Enbridge Reports Strong Second Quarter 2024 Financial Results and Business Performance, Advances Strategic Priorities and Recasts Financial Outlook to include U.S. Gas Utilities Acquisitions CALGARY, AB, August 2, 2024 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported second quarter 2024 financial results, recast its 2024 financial guidance and provided a quarterly business update. Highlights (All financial figures are unaudited and in Canadian dollars unless o ...

CALGARY, AB, Aug. 2, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported second quarter 2024 financial results, recast its 2024 financial guidance and provided a quarterly business update. 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.) Recast 2024 full year financial outlook to include contributions from the U.S. Gas Ut ...

This midstream company and its ultra-high-yield dividend should shine bright on income investors' radars. Distributing dividends to shareholders for 69 years, Enbridge (ENB 0.56%) is likely a familiar name to income investors who spend some time in the oil patch. Over the past three decades, the company's commitment to rewarding shareholders has been especially clear. Should Enbridge achieve its 2024 dividend target of 3.66 Canadian dollars per share, the energy company will have powered its dividend higher ...

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 t ...

Enbridge Inc. (ENB) is set to report second-quarter 2024 results on Aug 2, 2024, before the opening bell. Image Source: Zacks Investment Research Q2 Earnings Whispers The leading midstream energy player has an Earnings ESP of -0.31%. ENB currently carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. Factors Shaping Q2 Results The extensive network of midstream assets, which is expected to have aided the company with fee-based cash flows, include Liquids Pipelines, Gas ...

Valuation Grade and Underlying Metrics ENB Valuation Grad Seeking Alpha Second, ENB's insensitivity to commodity prices could be a double-edged sword, too. As mentioned before, the positives brought about by such insensitivity include low beta, low correlation to the overall market, and also stable dividends. As an example, since the publication of my last article, ENB's price appreciated by more than 5% while the S&P 500 went down by about 1%. On the other side of the coin, ENB would not enjoy too much ups ...

1. Pfizer Despite the recent pressure on free cash flow amid the sales downturn, management reiterated its commitment to the company's dividend during the first-quarter earnings call. "Our No. 1 priority from a capital allocation perspective is both supporting and growing our dividend over time, and that is not at risk," CFO Dave Denton told analysts. With the strong pipeline and cost-cutting measures, it's only a matter of time before free cash flow improves and the dividend can grow even faster. With its ...

There's a clear pattern natural gas prices repeat time and time again. We're going to pounce on it now—and grab ourselves a growing 7.4% payout as we do. Think about it: We're moving toward winter in North America (where temps are expected to be below those of last year's "non-winter"). Europe is bringing in more liquified natural gas (LNG) as it continues its turn away from Russia. Then there's China, whose economy is still set to grow 5% this year, boosting its LNG demand. That's poised to grow, just as t ...

The headline of this article gives away a major reason why I bought Enbridge: It's the dividend, of course. Enbridge's ultra-high dividend yield of nearly 7.4% was very enticing. I don't need the income at this point, but that high yield gives the stock a big head start in generating a market-beating total return. Even better, Enbridge's P/FCF ratio is near its lowest point in years. And it's not because business is bad. The company's adjusted earnings and distributable cash flow grew 8% and 9% year over ye ...