Core Viewpoint - Enbridge Inc's shares are experiencing an upward trend following the release of fourth-quarter results that exceeded expectations in both revenue and earnings [1] Financial Performance - Adjusted EPS was reported at 63 cents, surpassing the 60 cent estimate, while revenue reached $12.32 billion, exceeding the consensus of $11.75 billion [2] - For the full year, adjusted EBITDA was $20.0 billion, reflecting a 7% increase from 2024, and distributable cash flow rose 4% to $12.5 billion [2] Consistent Performance and Dividend Increase - The company has met or exceeded its financial guidance for 20 consecutive years, attributed to its "low-risk commercial framework" [3] - Enbridge raised its quarterly dividend by 3% to 97 cents per share, marking the 31st consecutive annual increase [3] Future Outlook and Growth Initiatives - The company reaffirmed its 2026 outlook, projecting adjusted EBITDA between $20.2 billion and $20.8 billion and DCF per share of $5.70 to $6.10 [4] - Enbridge anticipates annual growth of about 5% in EBITDA, EPS, and DCF per share beyond 2026 [4] - In 2025, Enbridge placed $5 billion worth of organic projects into service and approved $14 billion in new projects, increasing its secured backlog to $39 billion, approximately 35% higher than the previous year [4] Analyst Sentiment - Analyst target prices for Enbridge have been consistently increasing, with RBC Capital raising its target from $67 to $72 while maintaining an 'Outperform' rating [5] - Argus Research also maintained a positive outlook, raising its target price from $50 to $54 [5] Stock Performance - Enbridge shares were up 1.85% at $52.80, reaching a new 52-week high [7]

Core Viewpoint - Enbridge reported an increase in earnings for the latest quarter, driven by strong demand despite challenges from tariffs and geopolitical uncertainty [1] Group 1: Earnings Performance - The company experienced a lift in earnings for the latest quarter [1] - Strong demand contributed significantly to the earnings growth [1] Group 2: Market Environment - The earnings increase occurred against a backdrop of tariffs and geopolitical uncertainty [1]

Core Viewpoint - Enbridge, Inc. reaffirms its financial guidance for 2026, projecting stable growth in distributable cash flow and adjusted EBITDA, alongside a significant increase in quarterly dividends [1][2][3][4]. Financial Guidance - For fiscal 2026, Enbridge projects distributable cash flow (DCF) between C$5.70 and C$6.10 per share and adjusted EBITDA between C$20.2 billion and C$20.8 billion [1]. - The company maintains a near-term growth outlook of 7 to 9 percent for adjusted EBITDA, 4 to 6 percent for adjusted earnings per share, and approximately 3 percent for DCF per share from 2023 to 2026 [2]. - Post-2026, adjusted EBITDA, earnings per share, and DCF per share are expected to grow by approximately 5 percent annually [2]. Dividend Declaration - Enbridge's Board of Directors declared a quarterly dividend of C$0.97 per share, representing a 3 percent increase, payable on March 1, 2026, to shareholders of record on February 17, 2026 [3]. Quarterly Earnings Report - For the fourth quarter, Enbridge reported net earnings attributable to shareholders of C$1.95 billion or C$0.89 per share, a significant increase from C$493 million or C$0.23 per share in the prior-year quarter [4]. - Adjusted earnings for the quarter were C$0.88 per share, compared to C$0.75 per share in the year-ago quarter, exceeding market expectations of C$0.78 per share [4]. - In pre-market trading, ENB shares were priced at $52.28, reflecting an increase of $0.44 or 0.85 percent [4].

Core Viewpoint - Canadian pipeline operator Enbridge exceeded profit expectations for the fourth quarter, driven by strong power demand that increased the volumes of gas and liquids transported through its systems [1] Company Summary - Enbridge reported a robust performance in the fourth quarter, indicating a positive trend in its operational efficiency and market demand [1]

Core Viewpoint - The article emphasizes a personal investment strategy focused on growth and dividend income, aiming for an easy retirement through a portfolio that generates monthly dividend income and benefits from reinvestment and annual increases [1]. Group 1: Investment Strategy - The strategy involves creating a portfolio that prioritizes compounding dividend income and growth [1]. - Monthly dividend income is a key component of the portfolio structure, which is designed to grow through reinvestment [1]. Group 2: Personal Position - The author holds beneficial long positions in several companies, including ET, EPD, OKE, ENB, and KMI, through various financial instruments [1].

Core Viewpoint - Plains All American Pipeline, L.P. is a significant player in the midstream energy sector, focusing on the transportation, storage, and marketing of crude oil and natural gas liquids, primarily in North America [1] Financial Performance - Plains All American reported fourth-quarter earnings per share of 40 cents, slightly below the analyst consensus of 41 cents, and quarterly sales of $10.56 billion, missing the expected $12.73 billion [2] - Following the earnings report, PAA shares declined by 1.6%, trading at $19.09, with a current stock price of $19.20, reflecting a decrease of 1.03% [4] Market Position and Strategy - Analysts have increased their forecasts for Plains All American despite the earnings misses, indicating confidence in the company's strategic initiatives [3] - The company is focusing on the sale of its Canadian NGL business and the acquisition of Cactus III to enhance efficiency and growth potential in the volatile oil market [3][6] - Today's trading volume for PAA is 1,496,703 shares on the NASDAQ exchange, as the company aims to become a leading North American crude oil midstream provider [5] Price Target and Analyst Outlook - Scotiabank set a price target of $23 for PAA, suggesting a potential upside of 19.57% from its then trading price of $19.24 [2][6]

Core Viewpoint - Plains All American Pipeline, L.P. reported disappointing earnings for the fourth quarter, missing both earnings and sales estimates, which led to a decline in share price [1]. Financial Performance - The company reported quarterly earnings of 40 cents per share, missing the analyst consensus estimate of 41 cents per share [1]. - Quarterly sales were reported at $10.565 billion, falling short of the analyst consensus estimate of $12.731 billion [1]. Stock Performance - Following the earnings announcement, Plains All American shares fell by 1.6%, trading at $19.09 [1]. Analyst Ratings and Price Targets - Wells Fargo analyst Michael Blum maintained an Equal-Weight rating and raised the price target from $20 to $21 [3]. - Barclays analyst Theresa Chen maintained an Underweight rating and raised the price target from $17 to $18 [3]. - Scotiabank analyst Brandon Bingham maintained a Sector Outperform rating and raised the price target from $22 to $23 [3].

INVESTOR PRESENTATION February 2026 2025 Q4 Legal Disclaimers 1. See Appendix – "Boardwalk EBITDA" for a reconciliation of net income attributable to Loews to EBITDA, a non-GAAP measure. 2. See page titled "Loews Hotels & Co – Portfolio" for additional information about hotels owned and operated by Loews Hotels & Co. Forward Looking Statements and Risk Factors. The information presented herein is generally available from public sources, including our and our subsidiaries' earnings releases and SEC filings. ...

Core Insights - The average person under 65 needs approximately $84,000 annually to achieve financial freedom, according to The Motley Fool [1] Investment Opportunities - Energy Transfer (NYSE: ET) offers a high income yield of 7.5%, significantly higher than the S&P 500's yield of around 1.2% [2] - To generate $84,000 in passive income from Energy Transfer, an investment of about $1.1 million is required at the current unit price of $18, based on a quarterly distribution of $0.335 per unit [4] Financial Strategy - Using the 4% rule, an individual would need to accumulate $2.1 million to withdraw $84,000 annually without depleting the principal [3] - An income-focused portfolio strategy allows for covering annual expenses solely through passive income, preserving the principal [3] Risk Factors - While investing in Energy Transfer can potentially provide sufficient passive income, relying on a single investment carries risks, especially if distribution payments are cut [5] - The risk of a distribution cut is currently lower, as Energy Transfer is in a strong financial position, with about 90% of its cash flow coming from stable, fee-based sources [6] - The company retains over half of its cash flow for reinvestment, aiming to increase distributions by 3% to 5% annually [6]

Core Insights - Pipeline stocks are favored by income investors due to their reliable dividends and stable fee-based income, which is largely independent of fluctuating oil and gas prices [1][2] Industry Overview - The U.S. has seen a significant increase in oil and natural gas production, reaching a record of 13.6 million barrels of oil per day in 2025 [4] - U.S. dry natural gas production also hit record levels in 2024, exceeding 37.7 trillion cubic feet, solidifying the U.S. position as the top global LNG exporter since 2023 [5] Company Analysis: Enterprise Products Partners (EPD) - Enterprise Products Partners operates over 50,000 miles of pipelines and is one of the largest pipeline operators in the U.S. with a market cap of $76 billion [7] - The company is expanding its infrastructure with 900 million cubic feet per day of new Permian gas-processing capacity expected by mid- to late 2026 [8] - EPD has a strong dividend history, having raised its payout for 27 consecutive years, with a current dividend yield of 6.18% [9] Company Analysis: Kinder Morgan (KMI) - Kinder Morgan operates the largest natural gas pipeline network in North America, covering over 66,000 miles and accounting for about 40% of all natural gas transported in the U.S. [11] - The company has significant connections to major supply basins and demand centers, which are crucial for meeting growing natural gas demand, particularly from data centers [12] - KMI has a market cap of $67 billion and offers a dividend yield of 3.89% [10][11]