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 ...

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.PF.A) 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 Sh ...

Financial Data and Key Metrics Changes - The company reported record third-quarter EBITDA and DCF per share of $1.19, which includes the impact of pre-funding the U.S. Gas Utilities [26] - Liquid EBITDA increased year-over-year, primarily due to annual OpEx inflation and power cost escalators [26] - The company expects to achieve guidance range for the 19th consecutive year, with a secured backlog of $27 billion and approximately $5 billion expected to be placed into service by the end of 2024 [30][31] Business Line Data and Key Metrics Changes - The Gas Distribution business now includes a full quarter of EBITDA from Enbridge Gas Ohio and Enbridge Gas Utah, driving significant growth [27] - The Liquids segment is on track to exceed the full-year forecast of 3 million barrels per day, with strong customer demand evident [15] - The Gas Transmission business saw growth driven by the acquisition of Tomorrow RNG and the 19% interest in the Whistler JV, alongside strong performance from gas storage assets [26] Market Data and Key Metrics Changes - The company is well-positioned to benefit from rising power demand, with S&P forecasting up to 20 Bcf per day of incremental gas demand growth by 2030 [11] - Enbridge's gas footprint is within 50 miles of approximately 45% of all gas power generation in North America [11] - The company is strategically connected to over 30% of existing and announced LNG export capacity, supporting global demand growth [14] Company Strategy and Development Direction - Enbridge aims to grow the business by 5% annually while maintaining financial discipline to support sustainable capital returns to shareholders [10] - The company is focused on low-risk, long-life investments and plans to allocate $6 billion to $7 billion for low capital intensity expansion and modernization [31] - Enbridge is committed to integrating its recent acquisitions and leveraging its position as the largest natural gas utility in North America to drive growth [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a volatile world, highlighting strong energy infrastructure fundamentals and rising power demand [11] - The company anticipates continued strong operational performance, with expectations to finish the year around the midpoint of guidance for DCF per share [29] - Management emphasized the importance of data center growth and industrial demand as key drivers for future growth [40][41] Other Important Information - Enbridge has successfully concluded the acquisition of three U.S. Gas utilities, returning to an equity self-funded model [7] - The company has added $7 billion to its secured growth program so far this year, with significant investments in renewable projects [9] - Enbridge's strategic approach has resulted in partnerships with blue-chip companies for renewable projects, enhancing growth potential [24] Q&A Session Summary Question: Future expansion potential for the mainline - Management indicated that production is ramping nicely and discussions for additional pipeline capacity are ongoing, with in-service dates expected in late 2026 to 2027 [36][37] Question: Future growth in the LDC side - Management stated that the focus is on integrating recent acquisitions and leveraging organic growth opportunities, particularly in data centers and modernization programs [38][39] Question: Capital deployment into onshore renewables - Management highlighted strong returns from solar projects, with mid-teens type returns expected due to favorable market conditions and established customer relationships [45] Question: Update on the Rio Bravo Pipeline Project - Management expressed disappointment over the DC Circuit's vacatur but noted that it is not having a material impact on guidance, with ongoing support for the project [72][73]

Enbridge (ENB) came out with quarterly earnings of $0.40 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this oil and natural gas transportation and power transmission company would post earnings of $0.45 per share when it actually produced earnings of $0.42, delivering a surprise of -6.67%.Over the last four quarters, the company has surpassed consensus EPS e ...

Tomorrow is on November 1, 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 identi ...

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 September 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 ...

https://files.reportify.cc/media/p NEWS RELEASE Enbridge Reports Strong Third Quarter 2024 Financial Results, Executes on Business Priorities, and Reaffirms Financial Guidance and Outlook CALGARY, AB, November 1, 2024 /CNW/ - 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 ...

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, ...

Enbridge is a high-yielding midstream giant, but there's an important twist in the company's objective, and it's reflected in its portfolio. Enbridge (ENB -0.46%) is the kind of company that a dividend investor can buy and comfortably own for years. The attractive 6.5% dividend yield could set you up for life with a reliable and substantial passive income stream to pay for everyday living expenses. Or you could compound that dividend via dividend reinvestment and grow your position until you want to turn on ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Enbridge (ENB) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 1, 2024, might help the stock move higher if these key numbers are better than expe ...