Core Insights - Enbridge Inc. (ENB) is a leading midstream energy company in North America, transporting approximately 20% of the total natural gas consumed in the United States and heavily investing in natural gas infrastructure projects [1][7] Group 1: Demand Drivers - The demand for natural gas is driven by factors such as reshoring, LNG development, data centers, and the transition from coal to gas for power generation [2] - Data centers require significant electricity, contributing to rapid growth in gas demand, while the shift from coal to gas further increases this demand [2] Group 2: Company Performance - ENB continues to generate stable earnings from its utility and storage businesses and is committed to supporting the development of North America's LNG capacity through investments in natural gas infrastructure [3] - ENB's shares have increased by 11.9% over the past year, outperforming the industry average of 8.3% [6] Group 3: Valuation Metrics - ENB trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 15.16X, which is above the broader industry average of 13.87X [9] - The Zacks Consensus Estimate for ENB's 2025 earnings has not seen any revisions over the past 30 days, indicating stability in earnings expectations [10]