Enbridge (ENB) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this oil and natural gas transportation and power transmission company have returned +11% over the past month versus the Zacks S&P 500 composite's +5% change. The Zacks Oil and Gas - Production and Pipelines industry, to which Enbridge belongs, has gained 7% over this period. Now the key question is: Where could ...

CALGARY, AB, May 16, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it has made certain Canadian and U.S. securities filings to enable an at-the- market equity issuance program (the ATM Option). The ATM Option provides Enbridge with additional flexibility to partially fund its previously announced acquisitions of three U.S. natural gas utilities from Dominion Energy, Inc. (the Acquisitions) and the Company intends that proceeds would be used for that ...

Who said high-yield dividend stocks are too risky? Investors have enjoyed higher Treasury yields, serving up passive income over the past couple of years. However, there's still an abundance of quality dividend stocks that offer potential price appreciation and stellar dividend income. High dividend yields can be a red flag sometimes, but there are exceptions. Here are three of them: Altria (MO 0.31%), AT&T (T 0.52%), and Enbridge (ENB 0.08%). I'll detail what makes them stand out as high-yield dividend sto ...

Enbridge Inc. (ENB) reported first-quarter 2024 adjusted earnings per share (EPS) of 68 cents, which beat the Zacks Consensus Estimate of 59 cents. The bottom line also increased from the year-ago quarter's 63 cents. Total quarterly revenues of $8.2 billion decreased from $8.9 billion in the prior-year quarter. The top line also missed the Zacks Consensus Estimate of $8.9 billion. The strong quarterly earnings resulted from increased contributions across all segments. Segmental Analysis Enbridge conducts bu ...

These companies offer highly attractive income streams.If you like income, you've come to the right place. A few Fool.com contributors have highlighted some of their favorite income stocks. What they like about this particular trio, MPLX (MPLX -0.34%), Oneok (OKE 0.05%), and Enbridge (ENB 1.18%), is that they offer high dividend yields and are on track to grow their payouts. That combination of income and growth could enable these high-yield dividend stocks to generate high total returns in the coming years ...

Enbridge continues to produce steadily rising cash flow to support its growing dividend.Enbridge (ENB 1.18%) has been one of the steadiest companies in the energy sector over the years, and 2023 was its 18th straight year of achieving its financial guidance. It's well on its way to delivering on its objectives this year, given its strong showing in the first quarter. That quarter's report once again displayed Enbridge's strength by underscoring the view that the utility and pipeline operator can continue pa ...

canakat Enbridge (NYSE:ENB) recently reported its Q1 results, indicating that it continues to operate at a high level and is positioned to deliver a combination of a very safe and stable dividend along with dividend growth that should meet or even exceed the rate of inflation over the long term. When combined with its 7.2% dividend yield and BBB+ credit rating, ENB is a dream stock for retiring with dividends since it meets the four criteria that we look for in stocks to support living off of passive in ...

Financial Data and Key Metrics Changes - Adjusted EBITDA increased by 11% year-over-year, with DCF per share up by 4% primarily due to strong asset performance across liquids, gas transmission, and renewables [140][145] - Base business EBITDA and DCF per share both increased by 8%, with debt to EBITDA at 4.6x, indicating a record financial quarter [146][147] Business Line Data and Key Metrics Changes - Liquids pipelines maintained high utilization levels, with the mainline transporting over 3.1 million barrels per day in Q1, expecting an average throughput of 3 million barrels per day for the year [148][149] - The acquisition of two strategic docks adjacent to Ingleside for $200 million aims to optimize operations and increase VLCC docking windows [150] - In the Permian, an open season was launched to expand Gray Oak capacity by up to 120,000 barrels per day, with new storage tanks constructed at Ingleside [151] Market Data and Key Metrics Changes - The demand for natural gas is expected to increase significantly due to the build-out of data centers and generative AI, necessitating a material increase in power generation [153] - The company is well-positioned to support LNG terminals and the growing demand for natural gas [142] Company Strategy and Development Direction - The company is focused on maximizing flexibility and optionality in financing, with over 85% of required financing for U.S. gas utility acquisitions already secured [141] - A secured growth program of $25 billion is in place, heavily weighted towards gas transmission utility business, reducing exposure to inflation and regulatory risk [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving financial guidance for 2024, with strong operational performance and safety standards [140][145] - The company aims to continue growing dividends and sustainably returning capital to shareholders, supported by a strong balance sheet and diversified cash flows [21][20] Other Important Information - The company published its 23rd annual sustainability report, highlighting its performance in environmental, social, and governance goals [143] - The leverage guardrails of 4.5x to 5x debt to EBITDA remain in place, supported by a low-risk business model [19] Q&A Session Summary Question: How does the recent Capital Power CCS project impact the Wabamun Hub project? - Management noted that while the Capital Power project was shelved due to economic viability issues, they remain committed to pursuing the Wabamun Hub project with Heidelberg Materials, which has garnered financial support [42][46] Question: What is the expected capital deployment for the gas distribution segment? - Approximately half of the current maintenance capital is attributed to the distribution segment, with a focus on maintaining asset longevity [82] Question: How does the company view the potential for gas-fired generation in light of increasing electricity demand? - Management acknowledged the potential for gas-fired generation to meet rising electricity demand but emphasized that current focus remains on renewable energy projects [90][106] Question: What is the expected CapEx cadence post-utility acquisitions? - The company guided a growth CapEx run rate of $6 billion to $7 billion annually, with a selective approach to capital deployment [111]

Enbridge (ENB) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.25%. A quarter ago, it was expected that this oil and natural gas transportation and power transmission company would post earnings of $0.50 per share when it actually produced earnings of $0.47, delivering a surprise o ...

FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ 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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the quarterly period ended March 31, 2024 OR _______________________________ ENBRIDGE INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of ...