imaginima Enbridge Inc. (ENB) and Energy Transfer LP (NYSE:ET) are prominent players in the midstream sector known for their robust dividend yields and reliance on long-term contracted revenues from pipelines, minimizing direct exposure to volatile commodity prices. Both companies have been addressing concerns about leverage, with ET notably reducing its debt to achieve a lower leverage ratio, and receiving credit rating upgrades as a result. ET's acquisition of Crestwood is further anticipated to bolster o ...

Enbridge Inc. (ENB) has witnessed upward estimate revisions for 2024 and 2025 earnings in the past 30 days.The Zacks Consensus Estimate for the company’s 2024 and 2025 earnings per share is pegged at $2.15 and $2.25, respectively.Factors Favoring the StockEnbridge has the longest and most advanced crude and liquids pipeline system in the world, spreading across 17,809 miles, supported by a predominantly low-risk business model. In Canada, the company is touted to be the largest natural gas distributor. Henc ...

Enbridge Inc. (ENB) reported fourth-quarter 2023 adjusted earnings per share of 47 cents, which missed the Zacks Consensus Estimate of 50 cents. However, the bottom line increased from the year-ago quarter’s 46 cents.Total quarterly revenues of $8.4 billion decreased from $9.9 billion in the prior-year quarter. The top line also missed the Zacks Consensus Estimate of $9.6 billion.Lower-than-expected quarterly earnings resulted from reduced contributions from the U.S. Gas Transmission and Midstream segments. ...

Financial Data and Key Metrics Changes - In 2023, EBITDA increased by 6% compared to the previous year, primarily driven by strong performance in the Liquids business unit [41] - DCF per share rose by 1%, despite the dilution impact from a $4.6 billion equity issuance in September for utility acquisitions [41] - The company achieved record financial performance, meeting its financial guidance for the 18th consecutive year [50][66] Business Line Data and Key Metrics Changes - The Liquids Pipeline transported a record 3.2 million barrels per day in Q4 2023, averaging 3.1 million barrels per day for the full year [84] - Gas Distribution and Storage added 46,000 new customers in 2023, exceeding expectations, with $1.2 billion invested in modernizing and expanding the distribution network [62] - The renewable business improved due to increased interest in German offshore wind assets, which closed in early November [122] Market Data and Key Metrics Changes - The mainline throughput averaged 3.26 million barrels per day in December, indicating strong demand and utilization [44] - Apportionment on the mainline increased throughout Q4, reflecting high demand for transportation capacity [44] - The company expects mainline volumes to remain robust, with a forecast of approximately 3 million barrels per day for 2024 [68] Company Strategy and Development Direction - The company is focused on integrating three gas utilities in the U.S., which will create the largest integrated gas utility in North America [79] - Enbridge aims to maintain a disciplined growth approach while adhering to leverage and payout targets [70] - The company is committed to sustainability and has made significant investments in emission reduction technologies [53][80] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in resolving regulatory issues in Ontario, despite recent disappointments with the Ontario Energy Board's decisions [10][90] - The company anticipates continued strong performance in 2024, with EBITDA guidance set between $16.6 billion and $17.2 billion [68] - Management highlighted the importance of maintaining a strong local presence in the jurisdictions where they operate [20] Other Important Information - The company announced a 3.1% increase in dividends, marking the 29th consecutive annual increase [50][98] - Enbridge's debt to EBITDA ratio stands at 4.1x, providing ample room for future acquisitions [78] - The company has secured $24 billion in its growth program, including new projects and utility growth capital [124] Q&A Session Summary Question: Progress on regulatory approval for U.S. utilities - Management confirmed that two out of three federal regulatory approvals are in place, with expectations for state-level approvals to proceed throughout the year [103] Question: Update on rerouting Line 5 around Bad River lands - The appeals hearing has started, with a decision expected later this year, and the company is working cooperatively with the Bad River Band [107] Question: Mainline outlook for 2024 - Management expressed confidence in the mainline's capacity utilization, expecting it to be substantially full, with a guidance of 3 million barrels per day [112]

Enbridge (ENB) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6%. A quarter ago, it was expected that this oil and natural gas transportation and power transmission company would post earnings of $0.43 per share when it actually produced earnings of $0.46, delivering a surprise of 6 ...

CALGARY, AB, Feb. 9, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) has filed its Form 10-K for the year ended December 31, 2023, with the United States Securities and Exchange Commission. Enbridge has also filed its audited Consolidated Financial Statements and related Management's Discussion and Analysis for the year ended December 31, 2023, with Canadian securities regulatory authorities. Copies of these documents are available electronically at www.sec.gov (U.S. filings) or www.sedarplus.ca (C ...

CALGARY, AB, Feb. 9, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported fourth quarter 2023 financial results, reaffirmed its 2024 financial guidance and provided a quarterly business update. 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.) Full year GAAP earnings of $5.8 billion or $2.84 per common share, compared with GA ...

MADISON, Wis. — An attorney for the energy company Enbridge tried to persuade a federal appellate court Thursday to vacate an order that would shut down part of a pipeline running through a Wisconsin tribal reservation.The company contends that U.S. District Judge William Conley improperly ordered Enbridge ENB, -0.20% ENB, -0.30% to shut down a 12-mile portion of Line 5 within three years. The section runs across the Bad River Band of Lake Superior Chippewa’s reservation. Conley also ordered the company to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) (State or Other Jurisdiction of Incorporation or Organization) Canada ...

Investors are always looking for stocks that are poised to beat at earnings season and Enbridge Inc. (ENB) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Enbridge is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicat ...