Core Insights - Enbridge Inc. (ENB) is a leading midstream energy company that generates stable fee-based revenues, making it resilient to oil and natural gas price volatility [1] Group 1: Company Overview - ENB is well-positioned to generate incremental cash flows for shareholders, supported by over C$30 billion in secured capital projects related to liquid pipelines, gas transmissions, renewables, and gas distribution & storage [2] - Enbridge has a history of rewarding shareholders with dividend hikes for 31 consecutive years [2] Group 2: Industry Comparisons - Enterprise Products Partners LP (EPD) and Williams (WMB) are also significant players in the midstream energy sector, generating resilient, fee-based cash flows [3][4] - EPD operates over 50,000 miles of pipeline and has a liquid storage facility of more than 300,000 barrels, ensuring stable cash flows for unitholders [3] - WMB has a pipeline network spanning 33,000 miles, responsible for transporting significant volumes of natural gas in the U.S., which also contributes to stable cash flows [4] Group 3: Financial Performance - ENB shares have increased by 17.7% over the past year, outperforming the industry composite stocks, which improved by 12.3% [5] - The company trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 15.11X, higher than the industry average of 13.79X [8] - The Zacks Consensus Estimate for ENB's 2025 earnings has not seen any revisions in the past 30 days [10]