Expanding Horizons Questar Gas' extensive asset portfolio includes more than 21,000 miles (33,500 km) of natural gas distribution and transmission pipelines, a liquefied natural gas storage facility for improved system reliability and numerous interconnections to major interstate natural gas pipelines. The company also benefits from a cost-of-service supply agreement with Wexpro, ensuring reliability and affordability for its customers. Michele Harradence, Enbridge's executive vice president and president o ...

Enbridge Inc. (ENB) has unveiled plans for an expansion of the Westcoast Pipeline in British Columbia to address the rising natural gas demand in the province and the U.S. Pacific Northwest. The expansion project will add a 137-kilometer looping pipeline with a 42-inch diameter, significantly boosting the natural gas transportation capacity by 300 million cubic feet per day. The development is intended to ensure a steady supply of natural gas for various uses, including heating homes and businesses, powerin ...

AT&T Not only does the dividend look safe, but I wonder if the company will get back to raising its payout this year given how well the business has been doing lately. AT&T stock is up 8% this year but it could go much higher once interest rates come down. But even if that doesn't happen until next year, this is an excellent buy-and-hold stock to simply hang on to for the long haul. Not all investors, however, are thrilled with the Canadian-based company's $14 billion acquisition at a time when interest rat ...

Enbridge (ENB) ended the recent trading session at $35.47, demonstrating a -0.56% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.27% for the day. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq increased by 0.88%. Heading into today, shares of the oil and natural gas transportation and power transmission company had lost 5.71% over the past month, lagging the Oils-Energy sector's loss of 3.25% and the S ...

Earlier this year, Enbridge Gas implemented substantial job cuts, eliminating hundreds of positions. This move was part of its cost-reduction strategy, following the acquisition of three U.S. gas utilities from Dominion Energy for $14 billion. As the situation unfolds, the focus remains on the potential impact on public safety and the effectiveness of Enbridge's emergency response capabilities in Toronto. Investors interested in the energy sector may look at some better-ranked stocks like Archrock Inc. (ARO ...

Artificial intelligence requires a shocking amount of energy, creating substantial opportunities for energy stocks to buy fueled by the unstoppable AI boom and the Nvidia-driven surge. According to The Verge, by 2027, the AI market alone could consume between 85 and 135 terawatt hours every year. That's nearly the same amount of power that runs the Netherlands in a single year. And, as noted by GlobalXETFs.com, "Connor Teskey, CEO of Brookfield Renewable Partners, stated that the market is only just startin ...

The global offshore wind market is booming. In 2023, its value was estimated at $42.43 billion. By 2028, Business Research Company expects it to nearly double, reaching $89.94 billion, with a compound annual growth rate of 15.9%. Data Bridge Market Research projects even more impressive growth, predicting the market will soar to $124.40 billion by 2031 with a CAGR of 14.4%. This remarkable expansion is fueled by rising investments in renewable energy, cutting-edge technological advancements, and supportive ...

Core Viewpoint - Enbridge's stock has underperformed compared to the S&P 500 and its industry, raising questions about its near-term performance and future earnings projections [1] Earnings Estimates - Enbridge is expected to report earnings of $0.47 per share for the current quarter, reflecting a year-over-year decline of 7.8% [2] - The consensus earnings estimate for the current fiscal year is $2.11, indicating a year-over-year increase of 1.9%, with a recent change of -0.4% [12] - For the next fiscal year, the consensus earnings estimate is $2.21, showing a change of 4.9% from the previous year, with a recent adjustment of -0.5% [18] Revenue Projections - The consensus sales estimate for the current quarter is $6.19 billion, representing a year-over-year decrease of 20.3% [4] - Revenue for the last reported quarter was $8.19 billion, down 8.3% year-over-year [5] - The revenue estimates for the current and next fiscal years are $25.89 billion and $26.41 billion, indicating changes of -20.1% and +2%, respectively [4] Stock Valuation - Enbridge has a Zacks Rank of 3 (Hold), suggesting it may perform in line with the broader market in the near term [3][9] - The Zacks Value Style Score for Enbridge is graded C, indicating it is trading at par with its peers [8] Performance History - Over the last four quarters, Enbridge surpassed consensus EPS estimates two times and topped revenue estimates once [21]

Analysts and investors have observed that during recent earnings calls, natural gas and oil pipeline companies have addressed the rising demand for electricity driven by data centers processing AI applications. With natural gas continuing to contribute significantly to electricity generation in the United States, it is interesting to analyze how midstream energy stocks with extensive natural gas pipeline networks are poised to gain. As the popularity of AI data centers continues to soar in the forthcoming y ...

Incremental income and visible earnings growth Enbridge secured these utility acquisitions at historically attractive valuation multiples. Because of that, it expects the utilities will be accretive to its distributable cash flow per share in the first full year of ownership. With two of the three deals now closed, they'll supply Enbridge with incremental earnings and cash flow in 2024, with the full benefit expected in 2025. Enbridge has now closed two of the three natural gas utilities it plans to acquire ...