Core Points - Enbridge Inc. announced that none of its outstanding Cumulative Redeemable Preference Shares, Series 11 will be converted into Series 12 Shares on March 1, 2025 [1] - Less than 1,000,000 Series 11 Shares required for conversion were tendered by the February 14, 2025 deadline [2] Company Overview - Enbridge connects millions to energy through its North American natural gas, oil, and renewable power networks, as well as a growing European offshore wind portfolio [3] - The company is investing in modern energy delivery infrastructure and has over a century of experience in conventional energy and two decades in renewable power [3] - Enbridge is advancing technologies such as hydrogen, renewable natural gas, and carbon capture and storage [3]

Financial Data and Key Metrics Changes - Enbridge reported record EBITDA and DCF per share in 2024, with a 13% increase in EBITDA compared to 2023, reaching over $5.1 billion for the quarter [12][38] - DCF per share rose to $1.41, reflecting a 10% increase year-over-year, while adjusted earnings per share increased by 17% to $0.75 [38][41] - Total shareholder return for 2024 was 37%, highlighting strong performance [13] Business Line Data and Key Metrics Changes - Liquids segment saw strong throughput, averaging 3.1 million barrels per day, with record annual volumes on key pipelines [22][70] - Gas Transmission business experienced high utilization, with new throughput records set in January 2025 [25][73] - Gas Distribution and Storage business now delivers over 9 Bcf per day to over 7 million customers, reflecting growth from newly acquired utilities [30][78] Market Data and Key Metrics Changes - Enbridge added over $5 billion in gas and renewable projects in 2024, including significant pipeline projects and solar capacity [20][68] - The company sanctioned approximately $4 billion in new capital projects focused on U.S. Gulf Coast infrastructure [26][74] - The utility franchise has doubled in size, enhancing market presence and service capabilities [29][77] Company Strategy and Development Direction - Enbridge aims to meet increasing power generation and industrial needs through a diversified portfolio that includes long-haul gas transmission and renewable power [19][67] - The company emphasizes a low-risk business model, achieving guidance for 19 consecutive years, and plans to continue prudent capital recycling [16][62] - Future growth will focus on brownfield investments and maintaining a strong capital backlog of $26 billion [47][96] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business model's ability to generate strong returns despite macroeconomic challenges [16][18] - The company anticipates continued strong demand for its services, particularly in the Liquids and Gas Transmission segments [21][70] - Enbridge reaffirmed its 2025 guidance, expecting adjusted EBITDA between $19.4 billion and $20 billion [42][91] Other Important Information - Enbridge increased its dividend for the 30th consecutive year, reinforcing its status as a dividend aristocrat [12][59] - The company closed the acquisition of three U.S. natural gas utilities, creating the largest gas utility franchise in North America [13][60] - Enbridge's capital allocation strategy remains focused on maintaining a strong balance sheet and disciplined investment approach [45][94] Q&A Session Summary Question: WCSB production and growth opportunities - Management discussed ongoing production growth and quick-hit projects to serve markets, with more details expected at the upcoming Investor Day [106][110] Question: Impact of new D.C. policies on energy infrastructure - Management highlighted the importance of a diversified energy portfolio and expressed optimism about a more rational approach to sustainability and permitting [112][114] Question: Appetite for investing in long-haul Liquids pipelines - Management indicated that any future investment in projects like Northern Gateway would require significant changes in political and regulatory environments [120][124]

Group 1 - Enbridge reported quarterly earnings of $0.53 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, and up from $0.47 per share a year ago, representing an earnings surprise of 1.92% [1] - The company posted revenues of $11.59 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 142.43%, compared to year-ago revenues of $8.37 billion [2] - Enbridge shares have increased approximately 7.1% since the beginning of the year, outperforming the S&P 500's gain of 4% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.64 on revenues of $5.25 billion, and for the current fiscal year, it is $2.15 on revenues of $20.44 billion [7] - The Zacks Industry Rank for Oil and Gas - Production and Pipelines is currently in the bottom 35% of over 250 Zacks industries, indicating potential challenges for stock performance [8] Group 3 - Enbridge has surpassed consensus EPS estimates two times over the last four quarters and topped consensus revenue estimates three times in the same period [2] - The estimate revisions trend for Enbridge is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]

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 identified by words such as "anticipate", "expect", "project", "estimate", "forecast" ...

CALGARY, AB, Feb. 14, 2025 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) has filed its Form 10-K for the year ended December 31, 2024, 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, 2024, with Canadian securities regulatory authorities.Copies of these documents are available electronically at www.sec.gov (U.S. filings) or www.sedarplus.ca (C ...

If you have $100 and are looking to generate some long-term income from an investment, you don't have to settle for the 1.2% yield on offer from the S&P 500 index. You can do much better than that without taking on a huge amount of business risk.Look no further than Enbridge (ENB 0.78%) and Enterprise Products Partners (EPD 0.85%). Both stocks trade for well below $100 a share and they are both clearly dedicated to providing a reliable, and growing, income stream to investors. Here's what you need to know.Y ...

Financial Performance and Metrics - Management uses EBITDA as a key performance measure, providing transparency into Enbridge's performance[21] - Changes in tax rates and new tax legislation could materially affect Enbridge's financial condition and operating results[322] - The company is exposed to credit risk from customers and counterparties, which could adversely affect earnings and cash flows[308] Debt and Capital Access - A significant portion of Enbridge's asset base is financed with debt, and maintaining an investment-grade credit rating is crucial for cost-effective capital access[301] - The company maintains revolving credit facilities to support liquidity, which are subject to financial covenants[302] Commodity Prices and Project Development - Enbridge's Liquids Pipelines growth may be indirectly affected by commodity prices, with low crude oil prices potentially delaying or canceling future projects[304] - The company holds a 13.2% effective economic interest in DCP, which is impacted by commodity price fluctuations[307] Regulatory and Environmental Factors - Regulatory scrutiny and potential changes in environmental laws could increase operating costs and limit future projects[318] - Enbridge's Renewable Power Generation assets in Canada and the US are subject to variable government regulations that can negatively impact revenues[320] - Environmental regulatory approvals are critical for the operation and development of Enbridge's facilities, with potential delays leading to increased costs[315] - There has been an increase in climate-related regulatory action and litigation against companies in the energy industry[324] Legal Proceedings and Risks - The company is involved in numerous legal proceedings, with uncertain outcomes that could adversely affect financial results and reputation[324] - The company cannot predict the outcome of individual legal matters with assurance, indicating a high level of uncertainty[324] - Final resolutions of ongoing legal matters may require additional expenditures beyond established reserves, potentially impacting financial results[324] - The company is subject to various legal proceedings that could lead to adverse financial implications over an extended period[324] - Recent developments in legal proceedings are discussed in the Management's Discussion and Analysis section of the financial report[324]

NEWS RELEASE Enbridge Reports Record 2024 Financial Results, Reaffirms 2025 Financial Guidance and Executes on Business Priorities CALGARY, AB, February 14, 2025 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported fourth quarter 2024 financial results, reaffirmed its 2025 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 r ...

CALGARY, AB, Feb. 14, 2025 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported fourth quarter 2024 financial results, reaffirmed its 2025 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 $5.1 billion or $2.34 per common share, compared with G ...

If you are trying to set up a portfolio that will provide you with a lifetime of income, you'll want to take a close look at Enbridge (ENB 0.78%). Not only does this giant North American midstream company offer a compelling 6.1% dividend yield, but it is making moves today to ensure that it can continue to grow, even as the world shifts toward cleaner energy sources.Here's why I'm predicting good things for Enbridge and its shareholders in the decades ahead.What does Enbridge do?Enbridge gets lumped in with ...