Welcome to our dedicated page for Enbridge news (Ticker: ENB), a resource for investors and traders seeking the latest updates and insights on Enbridge stock.
Enbridge Inc. (symbol: ENB) is a multinational pipeline and energy company headquartered in Calgary, Alberta, Canada. The company owns and operates an extensive network of pipelines that transport crude oil, natural gas, and natural gas liquids across Canada and the United States. Enbridge's core business revolves around its robust pipeline infrastructure, including the Canadian Mainline system, regional oil sands pipelines, and multiple natural gas pipelines.
The company also operates a regulated natural gas utility and is the proprietor of Canada's largest natural gas distribution company. Enbridge is diversifying its energy portfolio with investments in renewable energy projects, primarily focused on onshore and offshore wind projects. Notably, the company is involved in key renewable projects like the Fécamp Offshore Wind Farm in France, which was recently inaugurated and is capable of powering 770,000 homes.
Financially, Enbridge has demonstrated stability and growth. The company recently reported strong financial performance for Q1 2024, with high utilization across its systems and significant milestones such as the acquisition of The East Ohio Gas Company. Enbridge maintains a solid balance sheet and a history of predictable financial results, reaffirming its guidance for 2024.
Enbridge places a high priority on sustainability and community development. The company supports numerous environmental and community initiatives, including the Fueling Futures grants program. Enbridge is committed to achieving net-zero greenhouse gas emissions by 2050 and is investing in advanced technologies such as hydrogen, renewable natural gas, and carbon capture and storage.
Recent developments include the commencement of a binding open season for an expansion of the Gray Oak Pipeline, which could add up to 120,000 barrels per day of capacity. Enbridge is also progressing on several other projects aimed at enhancing its infrastructure and meeting rising energy demands. The company continues to be a pivotal player in the energy sector, driving both conventional and renewable energy innovations.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) has announced its upcoming annual investor conference, scheduled for March 4, 2025, at 9 a.m. ET. The event will provide a comprehensive overview of the company's strategic plan, business unit priorities, and financial outlook.
The conference will be accessible via webcast on Enbridge's website under the 'Events and Presentations' section. Presentation materials will be made available on the morning of the event, with a replay and transcript posted shortly after its conclusion.
Enbridge operates extensive North American natural gas, oil, and renewable power networks, along with a growing European offshore wind portfolio. The company is actively investing in modern energy infrastructure and advancing new technologies, including hydrogen, renewable natural gas, and carbon capture and storage. Based in Calgary, Alberta, Enbridge trades under the symbol ENB on both the Toronto and New York stock exchanges.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) announced that no Series 11 Cumulative Redeemable Preference Shares will be converted into Series 12 Shares on March 1, 2025. This decision comes after the conversion notices received by the February 14, 2025 deadline fell short of the required 1,000,000 Series 11 Shares threshold needed to initiate the conversion into Series 12 Shares.
Enbridge operates North American natural gas, oil, and renewable power networks, along with a European offshore wind portfolio. The company focuses on modern energy delivery infrastructure, leveraging over a century of conventional energy experience and two decades in renewable power. They are also developing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) has announced the filing of its Form 10-K and audited Consolidated Financial Statements for the year ended December 31, 2024. The company has submitted these documents to both the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.
The documents are accessible through multiple channels, including www.sec.gov, www.sedarplus.ca, and the company's website. Physical copies can be obtained free of charge by contacting Investor Relations. The company also announced its Annual Meeting of Shareholders, scheduled for May 7, 2025, at 1:30 p.m. (MDT), which will be held virtually via live audio webcast.
Enbridge (ENB) reported strong financial results for 2024, with full-year adjusted earnings of $6.0 billion ($2.80 per share), up from $5.7 billion ($2.79 per share) in 2023. The company achieved record EBITDA of $18.6 billion, a 13% increase from 2023, and distributable cash flow of $12.0 billion, up 6% year-over-year.
Key highlights include completing a $19 billion acquisition of three U.S. gas utilities, increasing the quarterly dividend by 3% to $0.9425 per share (marking the 30th consecutive annual increase), and placing $5 billion of organic projects into service. The company sanctioned $8 billion of new projects during 2024.
Mainline volumes averaged 3.1 million barrels per day in 2024. The company reaffirmed its 2025 financial guidance with adjusted EBITDA expected between $19.4-20.0 billion and DCF per share between $5.50-5.90.
Enbridge (TSX: ENB) (NYSE: ENB) announced it will not redeem its Series 11 Preferred Shares on March 1, 2025. Holders of Series 11 Shares can convert their shares one-for-one into Series 12 Shares, subject to certain conditions. Currently, there are 20,000,000 Series 11 Shares outstanding.
For Series 11 Shares remaining after March 1, 2025, holders will receive quarterly fixed cumulative preferential cash dividends at a new annual rate of 5.477% for the period from March 1, 2025, to March 1, 2030. This rate equals the five-year Government of Canada bond yield of 2.837% plus 2.64%.
For any Series 12 Shares issued, holders will receive quarterly floating rate cumulative preferential cash dividends. The initial rate for March 1, 2025, to June 1, 2025, will be 1.41151%, based on three-month Government of Canada treasury bills plus 2.64%.
Flyscan Systems announced that Kinder Morgan (NYSE: KMI) has joined its strategic investor group, which includes Marathon Petroleum, Enbridge, and Hatch. The investment will support Flyscan's growth and accelerate its entry into the Natural Gas detection and quantification market.
Flyscan, founded in 2015 as a spin-off from Canada's National Optics Institute, is pioneering technology for pipeline leak detection and right-of-way damage prevention. The company utilizes remote sensing and artificial intelligence to detect liquid hydrocarbons and automate visual inspection from regulatory patrol planes.
KMI's COO James Holland emphasized the state-of-the-art nature of Flyscan's technologies and their importance in protecting employees, the environment, and communities. The partnership aims to leverage KMI's strategic footprint across multiple fuel types and extensive presence in the US market.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) has announced it will host a conference call and webcast on February 14, 2025, at 7 a.m. MT (9 a.m. ET) to discuss its 2024 fourth quarter results and provide a business update. The company will release its financial results before markets open on the same day.
The conference call will include prepared remarks from the executive team, followed by a Q&A session exclusively for analysts and investors. The event will be accessible via webcast and dial-in options, with North American toll-free access at 1-800-606-3040 and international access at 1-646-307-1689 (Conference ID: 9581867). A webcast replay and transcript will be made available on Enbridge's website after the event.
EDF Renewables North America and Enbridge Inc (TSX: ENB) (NYSE: ENB) announced that the Amazon Solar Farm Ohio - Fox Squirrel Solar project achieved full operational status in December 2024. The ground-mounted solar facility, with a total capacity of 577 MWac/749 MWdc, is one of the largest utility-scale solar developments east of the Mississippi River.
The project, located in Madison County, features 1.4 million panels and 159 inverters, making it EDF Renewables' largest onshore renewable energy project in North America. During peak construction, approximately 650 workers installed about 10,000 panels daily, totaling nearly 1.5 million work hours. The project was completed in three phases between December 2023 and December 2024.
The full generation capacity will be delivered to Amazon through power purchase agreements, supporting Amazon's Climate Pledge commitment and Ohio's economic growth goals.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) has announced the appointment of Douglas L. Foshee as a Director, effective January 1, 2025. Foshee brings over 40 years of energy industry experience to the board, having served as Chair, President and CEO of El Paso (2003-2012), CFO and COO of Halliburton Company (2001-2003), and Chair, President and CEO of Nuevo Energy (1996-2001). Board Chair Pamela Carter welcomed Foshee, highlighting his extensive energy industry and business experience as valuable additions to the board.
Enbridge (ENB) announced its 2025 financial guidance and a 3% dividend increase, raising the quarterly dividend to $0.9425 per share ($3.77 annualized) effective March 1, 2025. The company expects 2025 adjusted EBITDA of $19.4-20.0 billion and distributable cash flow (DCF) per share of $5.50-5.90.
The company reaffirmed its 2024 guidance, expecting to finish near the top end of EBITDA range ($17.7-18.3 billion). For 2023-2026, Enbridge maintains its growth outlook of 7-9% for EBITDA, 4-6% for adjusted EPS, and approximately 3% for DCF per share. The company plans to deploy $7 billion in capital investments for 2025.
FAQ
What is the current stock price of Enbridge (ENB)?
What is the market cap of Enbridge (ENB)?
What does Enbridge Inc. do?
Where is Enbridge Inc. headquartered?
What are Enbridge’s recent achievements?
What sustainability initiatives does Enbridge support?
What is the significance of Enbridge's pipeline network?
Does Enbridge operate in renewable energy?
How financially stable is Enbridge?
What is Enbridge’s approach to community development?
What recent projects has Enbridge announced?
What is Enbridge’s long-term vision?
