Core Viewpoint - Enbridge Inc. will host a conference call and webcast on August 1, 2025, to provide a business update and review its second quarter results for 2025 [1][2]. Group 1: Conference Call Details - The conference call will include prepared remarks from the executive team, followed by a Q&A session for analysts and investors [2]. - Enbridge will announce its financial results before the market opens on August 1, 2025 [2]. Group 2: Webcast Information - The webcast is scheduled for August 1, 2025, at 7 a.m. MT (9 a.m. ET) [3]. - Dial-in information for the conference call includes a North America toll-free number (1-800-606-3040) and an international number (1-646-307-1689) [3]. - A replay and transcript of the webcast will be available on Enbridge's website shortly after the event [3]. Group 3: Company Overview - Enbridge connects millions of people to energy through its North American natural gas, oil, and renewable power networks, as well as its European offshore wind portfolio [4]. - The company is investing in modern energy delivery infrastructure and advancing technologies such as hydrogen, renewable natural gas, and carbon capture and storage [4]. - Enbridge is headquartered in Calgary, Alberta, and its common shares trade under the symbol ENB on the TSX and NYSE [4].

Financial Data and Key Metrics Changes - In 2024, the company reported earnings of $34 billion and cash flow from operations of $55 billion, which were utilized to fund profitable growth, maintain financial strength, and reward shareholders [14][26] - The total shareholder return, which includes share price appreciation and dividends paid, was industry-leading over one, three, and five years [14][26] - The company has consistently increased its dividend for 42 consecutive years, marking it as a significant commitment to shareholders [14][34] Business Line Data and Key Metrics Changes - In the Upstream segment, the company achieved the highest liquids production in 40 years, with a focus on value rather than volume, resulting in unit profitability doubling since 2019 [15][16] - The acquisition of Pioneer is expected to deliver annual synergies averaging $3 billion over the next ten years, enhancing the company's position in the Permian Basin [17][65] - In Product Solutions, record sales of high-value products were driven by new advantaged projects, contributing to earnings power improvement [18] Market Data and Key Metrics Changes - The company anticipates a 15% increase in overall global energy use by 2050, with oil and natural gas demand expected to grow by 4% and 39% respectively [21] - Demand for chemical products is projected to grow from around 200 million tons per year to nearly 400 million tons by mid-century [21] Company Strategy and Development Direction - The company is focused on leveraging its competitive advantages to deliver industry-leading value across its businesses, emphasizing technology and innovation [8][12] - The strategy includes a commitment to low-carbon solutions, with expectations of contributing $3 billion to earnings by 2030 from these initiatives [24][55] - The company aims to maintain a strong balance sheet and lean cost base, having cut $13 billion in structural costs since 2019 [40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to excel in any market environment, having prepared for challenging conditions through strategic planning [40][42] - The company views the energy transition as an opportunity rather than a threat, with plans to invest in profitable growth and advantaged investment opportunities [21][23] - Management highlighted the importance of maintaining dependable shareholder distributions while navigating market fluctuations [42] Other Important Information - The company has no shareholder proposals on the ballot for the first time in nearly 70 years, attributing this to its strong financial performance and proactive engagement with investors [24][39] - The company has invested over $43 million in community projects in Guyana, focusing on education, health care, and economic diversification [61] Q&A Session Summary Question: Will there be an increase in dividends this year? - The company recently increased the dividend to $0.99 per share, reflecting a commitment to a sustainable and growing dividend [33][34] Question: Where are the shareholder proposals? - The absence of proposals is attributed to the company's strong performance and willingness to engage with shareholders directly [36][39] Question: How does the company plan to adapt if oil prices decline? - The company has a robust strategy and low-cost supply portfolio, allowing it to maintain capital allocation priorities even at lower oil prices [40][42] Question: Why has the stock price been range-bound despite strong fundamentals? - The company has led its industry in total shareholder return and believes its stock is undervalued compared to its performance and opportunities [43][46] Question: What is the company's stance on current administrative policies? - The company maintains a long-term view and engages with governments to support policies that ensure energy security and responsible operations [47][48] Question: How has the Denbury acquisition progressed? - The integration of Denbury has strengthened the company's carbon capture and storage capabilities, with significant synergies expected from the acquisition [63][65]