There's a lot of uncertainty in the market these days. Many economists believe that tariffs could cause inflation to rise and economic growth to slow. That makes investing money with much confidence difficult, since those headwinds could impact corporate profits and stock prices.However, some companies are in a better position to withstand the current challenges than others due to their highly resilient business models. Enbridge (ENB 0.72%) is one of those companies. The pipeline and utility giant generates ...

Enbridge (ENB) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.88%. A quarter ago, it was expected that this oil and natural gas transportation and power transmission company would post earnings of $0.52 per share when it actually produced earnings of $0.53, delivering a surprise of ...

Financial Performance - Total operating revenues for Q1 2025 reached CAD 18,502 million, a 67.5% increase from CAD 11,038 million in Q1 2024[20] - Operating income increased to CAD 3,672 million in Q1 2025, up 35.5% from CAD 2,711 million in Q1 2024[20] - Earnings attributable to common shareholders rose to CAD 2,261 million, representing a 59.1% increase compared to CAD 1,419 million in the same period last year[20] - Diluted earnings per common share increased to CAD 1.03, up from CAD 0.67 in Q1 2024, reflecting a 54% growth[20] - Comprehensive income for Q1 2025 was CAD 2,565 million, down from CAD 2,961 million in Q1 2024[21] - EBITDA for the three months ended March 31, 2025, increased by $931 million compared to the same period in 2024, primarily due to non-operating factors[164] Revenue Breakdown - Total revenue from contracts with customers for the three months ended March 31, 2025, was CAD 8,809 million, an increase from CAD 6,778 million in the same period of 2024, representing a growth of 30%[34] - Transportation revenue for the three months ended March 31, 2025, was CAD 4,675 million, compared to CAD 4,458 million in 2024, reflecting an increase of 5%[34] - Gas distribution revenue increased significantly to CAD 3,670 million in Q1 2025 from CAD 1,924 million in Q1 2024, marking a growth of 91%[34] Capital Expenditures and Investments - Capital expenditures for Q1 2025 totaled CAD 1,723 million, compared to CAD 1,185 million in Q1 2024, indicating a 45.4% increase[24] - The company plans to invest up to $2.0 billion in its Mainline System through 2028 to enhance reliability and efficiency[171] - The Texas Eastern Modernization project has an estimated capital cost of US$0.4 billion, with US$162 million spent to date and expected to be completed between 2025 and 2026[166] Debt and Liquidity - As of March 31, 2025, total committed credit facilities amounted to $24,196 million, with $11,273 million available[67] - Long-term debt issuances during the three months ended March 31, 2025, totaled $2.8 billion[71] - Long-term debt repayments during the same period amounted to US$1.9 billion and $0.1 billion[72] - The company reported a net available liquidity of $13.4 billion as of March 31, 2025, down from $14.4 billion at the end of 2024[178] Asset and Equity Changes - Total assets as of March 31, 2025, were CAD 220,045 million, up from CAD 218,973 million at the end of 2024[28] - Total equity increased to CAD 71,280 million as of March 31, 2025, compared to CAD 67,303 million at the end of 2024[28] Risk Management - The company has exposure to foreign exchange risk due to revenues and expenses denominated in currencies other than Canadian dollars, which affects earnings and cash flows[80] - The company limits its maximum floating rate debt to 30% of total debt outstanding to manage interest rate risk, with an average fixed rate of 3.5% for floating-to-fixed interest rate swaps[82] - The company employs financial and physical derivative instruments to manage commodity price risk, particularly for natural gas, crude oil, and power[84] Regulatory and Legal Matters - Enbridge filed a Notice of Appeal on June 30, 2023, with a decision from the Court of Appeals anticipated in 2025[210] - The Michigan Attorney General's lawsuit against Enbridge regarding Line 5 has been remanded back to the Circuit Court, with a decision expected in 2025[212] - Enbridge filed a petition for certiorari with the US Supreme Court on January 13, 2025, seeking to reverse the 6th Circuit's remand decision[213] Segment Performance - Liquids Pipelines segment earnings before interest, income taxes, and depreciation and amortization (EBITDA) rose to CAD 2,593 million in Q1 2025, compared to CAD 2,404 million in Q1 2024, a 7.9% increase[153] - Gas Transmission segment EBITDA increased to CAD 1,473 million in Q1 2025, up from CAD 1,265 million in Q1 2024, reflecting a 16.4% growth[155] - Gas Distribution and Storage segment EBITDA surged to CAD 1,600 million in Q1 2025, a significant increase from CAD 765 million in Q1 2024, marking a 109% rise[158] - Renewable Power Generation segment EBITDA decreased to CAD 223 million in Q1 2025, down from CAD 257 million in Q1 2024, a decline of 13.2%[159]

(All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) 1 • First quarter GAAP earnings of $2.3 billion or $1.04 per common share, compared with GAAP earnings of $1.4 billion or $0.67 per common share in 2024 • Adjusted earnings* of $2.2 billion or $1.03 per common share*, compared with $2.0 billion or $0.92 per common share in 2024 • Adjusted earnings before interest, income taxes an ...

Core Viewpoint - Enbridge Inc. reported strong first quarter 2025 financial results, reaffirming its financial guidance for the year, driven by solid asset utilization and strategic investments in infrastructure [2][5][18]. Financial Performance - GAAP earnings for Q1 2025 were $2.3 billion or $1.04 per share, up from $1.4 billion or $0.67 per share in Q1 2024, marking a significant increase [5][11]. - Adjusted earnings for Q1 2025 were $2.2 billion or $1.03 per share, compared to $2.0 billion or $0.92 per share in the same period last year [5][58]. - Adjusted EBITDA increased by 18% to $5.8 billion in Q1 2025 from $5.0 billion in Q1 2024 [5][14]. - Distributable cash flow (DCF) rose by 9% to $3.8 billion in Q1 2025, compared to $3.5 billion in Q1 2024 [5][53]. Business Updates - In Liquids, the Mainline achieved a record throughput of 3.2 million barrels per day, leading to a sanctioned capital investment of up to $2 billion for further enhancements [3][23]. - In Gas Transmission, Enbridge sanctioned the 1.75 bcf/d Traverse Pipeline and acquired a 10% equity interest in the Matterhorn Express Pipeline for $0.3 billion, enhancing its natural gas infrastructure [4][27]. - The company launched a binding open season for the Flanagan South Pipeline, adding 150 kbpd of capacity to support Mainline Optimization [25][26]. Strategic Outlook - Enbridge reaffirmed its 2025 financial guidance, projecting adjusted EBITDA between $19.4 billion and $20.0 billion and DCF per share between $5.50 and $5.90 [18][21]. - The company has secured approximately $3 billion in capital for growth projects, increasing its secured backlog to $28 billion, focusing on low-risk projects [8][20]. - Enbridge's disciplined capital allocation strategy aims to support a strong balance sheet and sustainable returns to shareholders, with an annual investment capacity of $9 to $10 billion [9][19]. Renewable Energy Initiatives - The 130 MW Orange Grove solar project was completed on time and on budget, with plans for the first phase of the Sequoia project to be operational by year-end [7][22].

Core Viewpoint - Enbridge Inc (ENB) is expected to report first-quarter 2025 results on May 9, with earnings estimated at 68 cents per share and revenues projected at $9.5 billion, reflecting a 16.4% increase from the previous year [1][5]. Earnings Performance - ENB has beaten consensus earnings estimates in two of the last four quarters, met once, and missed once, with an average surprise of 2.6% [2]. - The current Earnings ESP for ENB is -1.38%, indicating a lower likelihood of an earnings beat this quarter [3]. Operational Overview - Enbridge operates the longest and most complex crude oil and liquids transportation network globally, spanning 18,085 miles, along with a gas transportation pipeline network of 71,308 miles [5]. - The company transports 20% of the total natural gas consumed in the U.S., generating stable, fee-based revenues from long-term contracts, which mitigates commodity price volatility [6]. Stock Performance and Valuation - ENB's stock has increased by 33.9% over the past year, slightly underperforming the industry's composite stocks, which improved by 35.6% [7]. - The current trailing 12-month EV/EBITDA ratio for ENB is 15.75, which is higher than the industry average of 14.08 and exceeds ratios of major competitors like Kinder Morgan Inc. (14.10) and Enterprise Products Partners LP (9.85) [9]. Growth Prospects - Enbridge has a C$29 billion backlog of secured capital projects, including liquids pipelines, gas transmission, and renewables, with a maximum in-service date of 2029, indicating potential for future cash flows and shareholder dividends [14]. Industry Context - Recent earnings reports from competitors Kinder Morgan and Enterprise Products Partners showed mixed results, with both missing earnings estimates but exceeding revenue expectations [16][18].

Core Viewpoint - Enbridge Inc. (NYSE: ENB) has delivered a 6% total return to investors over the last three months, outperforming the broader U.S. stock market [1]. Group 1: Company Performance - The recent performance of Enbridge Inc. indicates a strong return compared to the overall market, suggesting effective management and strategic positioning [1]. Group 2: Investment Strategy - The analysis emphasizes a focus on high-quality companies with reasonable valuations rather than seeking deep discounts, which may indicate underlying issues [1]. - The importance of balancing a portfolio with both growth opportunities and low-volatility dividend-paying stocks is highlighted, reflecting a comprehensive investment approach [1].

The energy midstream sector has been a great spot for investors to go if they want to make some passive income. Many companies in this sector produce very stable cash flow as oil and gas flow through their pipelines and related midstream assets. That gives them money to pay lucrative dividends and invest in growing their businesses.Enbridge (ENB 0.82%), Enterprise Products Partners (EPD 1.79%), and Kinder Morgan (KMI -0.97%) are among the top options, according to a few Fool.com contributors, for those seek ...

Group 1: Walmart - Walmart's stock has outperformed the market over the past year, with a 5% revenue increase and a 3% rise in store traffic in fiscal Q4, building on a previous year's 4% boost [4][5] - E-commerce sales increased by 16%, and digital advertising grew by 24%, showcasing Walmart's technological advancements and investments in AI for efficiency [4][5] - Operating profit rose by 8%, leading to a 13% increase in the annual dividend for 2025, marking the largest hike in over a decade [5][6] Group 2: Micron Technology - Micron Technology is positioned strongly in the AI hardware market, being the only provider of low-power memory chips for data centers, which is crucial for large computing systems [7][9] - The company is trading over 50% below its all-time highs, with a modest valuation of 7 times forward earnings estimates, presenting a potential buying opportunity [10] - CEO Sanjay Mehrotra stated that Micron is in its best competitive position in history, with its products firmly integrated into high-value customer roadmaps [10] Group 3: Starbucks - Starbucks reported a 2% increase in consolidated revenue but missed earnings estimates, with non-GAAP EPS down 40% and operating margins at 8.2% [11][12] - The company faces challenges in consumer spending and performance in China, but management remains optimistic about long-term strategies focused on employee investment and customer experience [12][15] - Despite current struggles, Starbucks has a dividend yield of 3% and a history of 14 consecutive years of dividend increases, making it attractive for patient investors [16] Group 4: NextEra Energy - NextEra Energy operates Florida Power & Light, the largest utility in the U.S., and is a leader in renewable energy, with a 9% growth in adjusted EPS reported for Q1 [18][19] - The company plans to invest $8 billion to $8.8 billion in FPL this year and aims for a renewables generation and storage capacity of 70 GW by the end of 2027 [19][20] - NextEra Energy expects adjusted EPS growth of 6% to 8% through 2027 and a dividend growth of around 10%, with a current yield of 3.4% [20] Group 5: Enbridge - Enbridge's shares have increased nearly 10% year-to-date, building on an 18% rise in 2024, attributed to the stability of its business model [21][22] - The company has met or exceeded financial guidance for 19 consecutive years, providing predictable cash flows despite market volatility [22] - Enbridge anticipates a 7% to 9% increase in adjusted EBITDA through 2026, supported by growth drivers such as toll escalators and contributions from its natural gas utilities [24][25]

CALGARY, AB, May 2, 2025 /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 13 (Series 13 Shares) (TSX: ENB.PF.E) on June 1, 2025. As a result, subject to certain conditions, the holders of the Series 13 Shares have the right to convert all or part of their Series 13 Shares on a one-for-one basis into Cumulative Redeemable Preference Sha ...