Core Points - Enbridge Inc. announced that none of its outstanding Cumulative Redeemable Preference Shares, Series 13 will be converted into Series 14 Shares on June 1, 2025 [1] - Less than 1,000,000 Series 13 Shares required for conversion were tendered by the May 20, 2025 deadline [2] Company Overview - Enbridge connects millions to energy through its North American natural gas, oil, and renewable power networks, as well as a growing European offshore wind portfolio [3] - The company is investing in modern energy delivery infrastructure and has over a century of experience in conventional energy and two decades in renewable power [3] - Enbridge is advancing technologies such as hydrogen, renewable natural gas, and carbon capture and storage [3]

Core Viewpoint - Enbridge has established a durable business model in the energy sector, characterized by consistent dividend payments and strong financial performance, making it an attractive long-term investment for dividend income [1][2][4]. Business Performance - Enbridge has paid dividends for over 70 years, increasing payments for the past 30 consecutive years, and is on track to meet its annual financial guidance for the 20th straight year [1][2]. - The company reported record earnings before interest, taxes, depreciation, and amortization (EBITDA), distributable cash flow per share, and earnings per share (EPS) in the first quarter, despite market volatility [5]. Business Model - Approximately 98% of Enbridge's cash flow is derived from stable cost-of-service frameworks or long-term, fixed-rate contracts with financially strong customers, with over 95% holding investment-grade credit ratings [6]. - The business model protects about 80% of EBITDA from inflation, contributing to predictable financial results [6]. Shareholder Value - Enbridge's low-risk profile supports strong shareholder returns, with a history of delivering double-digit returns over the past 20 years [7]. - The company aims to distribute 60% to 70% of its stable cash flow as dividends, retaining significant free cash flow for expansion [9]. Growth Opportunities - Enbridge has a secured growth backlog of CA$28 billion ($20 billion) in projects expected to be completed by the end of 2029, with plans to deploy CA$8 billion-$9 billion ($5.7 billion-$6.4 billion) annually towards these projects [10]. - An additional CA$50 billion ($35.7 billion) in expansion opportunities is under development, with a focus on high-return and strategic projects [11]. Long-term Outlook - The combination of stable earnings, visible growth from the secured backlog, and investment capacity supports a long-term growth outlook, with expectations of 5% annual business growth through the end of the decade [12]. - Enbridge is well-positioned to capitalize on long-term demand growth for energy, particularly in lower-carbon sectors like natural gas and renewables [12][14].

Core Insights - Stonlasec8 Indigenous Alliance Limited Partnership has announced an agreement to invest approximately CAD$715 million to acquire a 12.5% interest in Enbridge Inc.'s Westcoast natural gas pipeline system, with the transaction expected to close by the end of Q2 2025 [1][2] Group 1: Investment Details - The investment will be supported by a CDN$400 million loan guarantee from Canada Indigenous Loan Guarantee Corporation, marking the first major investment under the Canadian Indigenous Loan Guarantee Program [2] - The transaction is subject to completion of required financing, closing conditions, and customary closing adjustments [1] Group 2: Economic Impact - The investment is expected to provide sustained economic benefits to the First Nations involved, including funding for housing, infrastructure, environmental stewardship, and cultural preservation [3] - The agreement is seen as a significant milestone for Indigenous economic reconciliation and aims to ensure Indigenous Peoples have a meaningful stake in Canada's economic growth [3][4] Group 3: Stakeholder Perspectives - Enbridge's Executive Vice President emphasized the importance of the Westcoast natural gas pipeline system as critical energy infrastructure and the opportunity to strengthen relationships with Indigenous communities [3] - Government officials highlighted the transaction as a landmark agreement that supports Indigenous leadership and long-term economic prosperity for all Canadians [3]

CALGARY, AB, May 15, 2025 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today announced an agreement whereby the Stonlasec8 Indigenous Alliance Limited Partnership (the "First Nations Partnership"), which currently represents 36 First Nations in B.C., will make an investment of approximately CAD$715 million in Enbridge's Westcoast natural gas pipeline system, resulting in the First Nations Partnership owning a 12.5% interest in that system, subject to certain closing conditio ...

Mick Jagger and the Rolling Stones were right when they sang "You Can't Always Get What You Want." In many cases, we have to be willing to settle for less than what we'd prefer. That's certainly often true with investing. However, sometimes you can get everything you want -- or at least come close to doing so. If you're an income investor, I think Enbridge (ENB 0.73%) just might give you almost everything you could want in a dividend stock. But the company's business extends beyond pipelines. Enbridge ranks ...

Last Friday, Enbridge Inc. (ENB) reported first-quarter 2025 earnings that exceeded expectations. This was driven by higher contributions from its major business segments like Liquids Pipelines, Gas Transmission, and Gas Distribution and Storage. Thus, the strong utilization of the asset base is contributing to a strong business outlook.Before analyzing the factors driving this positive outlook, let’s review the first-quarter results.ENB’s Q1 Earnings SnapshotEnbridge reported first-quarter adjusted earning ...

Company Overview - Enbridge (NYSE: ENB) is nearing highs not seen since mid-2022, driven by strong cash flow and significant midstream opportunities [2] - The company has outperformed the market by over 15% since the last analysis [2] Investment Strategy - The Value Portfolio focuses on building retirement portfolios using a fact-based research strategy, which includes thorough analysis of 10Ks, analyst commentary, market reports, and investor presentations [2] - The investment approach involves real money investments in the recommended stocks [2]

Enbridge Inc. (ENB) reported first-quarter 2025 adjusted earnings per share (EPS) of 72 cents, which beat the Zacks Consensus Estimate of 68 cents. The bottom line increased from the year-ago quarter’s level of 68 cents. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Total quarterly revenues of $12.9 billion increased from $8.2 billion in the prior-year quarter. The top line also beat the Zacks Consensus Estimate of $9.5 billion.The strong quarterly results can be attributed to hig ...

I retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly write on positions I already hold or am considering changing. I prefer to hold positions for the long-term unless there is a compelling reason to sell. I look for investment opportunities without regard to asset class, market cap, secto ...

Core Viewpoint - Enbridge Inc. reported its first-quarter 2025 earnings results, which are likely to leave investors relatively satisfied [1] Financial Performance - The earnings results indicate a positive outlook for the company, contributing to investor confidence [1] Investment Strategy - The focus is on generating a 7%+ income yield by investing in a portfolio of energy stocks while minimizing the risk of principal loss [1]