Stephen Maturen/Getty Images News Enbridge Inc. (NYSE:ENB) is among the largest multinational pipeline and energy companies in the world, with a market capitalization of more than $70 billion. The company is headquartered in Canada, but has integrated assets through North America. As we'll see throughout this article, the company's strong integrated assets, investment opportunities, and cash flow, make the company a valuable investment. Enbridge 2023 Performance The company had a strong 2023, exceeding ...

CALGARY, AB, Feb. 21, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will hold its annual investor conference at 9:30 a.m. ET on Wednesday, March 6, 2024. During the presentation, the Company will review its strategic plan, business unit priorities and financial outlook. The conference will be webcast live on the 'Events and Presentations' page of Enbridge's website. Details of the webcast: When:  Wednesday, March 6, 2024 7:30 a.m. MT (9:30 a.m. ET) Web ...

CALGARY, AB, Feb. 15, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 7 (Series 7 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 8 (Series 8 Shares) on March 1, 2024. After taking into account all conversion notices received from holders of its outstanding Series 7 Shares by the February 15, 2024 deadline for the conversion of the Series 7 Shares into Series 8 Shar ...

Enbridge (ENB -2.52%) can see the writing on the proverbial wall. It knows that the world needs to wean itself from its addiction to fossil fuels and switch to cleaner alternatives. That has led the Canadian pipeline and utility giant to steadily pivot its business toward lower-carbon energy.The company's investments in lower-carbon energy will help grow and sustain its cash flows so that it can continue increasing its high-yielding dividend (currently yielding 7.9%). The company made lots of progress on it ...

Bloomberg/Bloomberg via Getty ImagesHolding Steady, Dominion Gas Deal Not A Game Changer Note: All dollar values mentioned are in Canadian dollars unless specifically indicated otherwise. I last covered Enbridge common stock (NYSE:ENB) (TSX:ENB:CA) in September 2023 when a deal was announced for Enbridge to acquire three US-based natural gas distribution utilities from Dominion Energy (D). In that article from September 2023, I noted that Dominion was selling the gas utilities for questionable non-econo ...

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 ...