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Enbridge, Inc - ENB STOCK NEWS

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.

News

Actively Pioneering British Columbia’s Low-Carbon Future

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Enbridge announces two significant initiatives in British Columbia: a hydrogen blending study and a carbon capture and storage assessment. The hydrogen blending study aims to examine the transportation of natural gas mixed with hydrogen using existing infrastructure, while the carbon capture and storage assessment focuses on compiling geoscience information in the Nechako Basin. Both initiatives aim to contribute to the energy transition and reduce greenhouse gas emissions.
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B.C. government and industry partners working to develop hydrogen as a low-carbon energy option for families and businesses

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Enbridge Inc. and FortisBC Energy Inc. announced funding for studies to examine how hydrogen can be safely and reliably delivered using existing gas pipeline infrastructure. The study will determine the percentage of hydrogen that can be safely transported through the infrastructure to reduce greenhouse gas emissions and develop a low-carbon energy economy.
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Passing the 'Torch' to the Next Generation of Tradesworkers

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Enbridge employees donated portable welding units, welding rods, and decommissioned engine starters to nearby schools to support metal and welding programs. The donation aims to provide students with access to modern industry-standard equipment and increase the capacity of the programs. The units, valued at a combined $8,000, are being used for fabrication and art purposes in school welding programs.
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Reef-Based Carbon Sequestration Study Delivering 'Encouraging Results'

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Enbridge (ENB) researchers at UTRGV are conducting a groundbreaking carbon sequestration study on the RGV Reef off the Texas coast. The project, funded by a $250,000 grant from Enbridge, aims to determine the reef's ability to capture or trap CO2 in significant proportions. The study, the most comprehensive of its kind, has shown promising results and may provide a solution to climate challenges worldwide.
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EDF Renewables North America and Enbridge Announce Commercial Operation of Fox Squirrel Phase 1

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EDF Renewables North America and Enbridge Inc. (ENB) announced that Phase 1 of Fox Squirrel Solar, the largest solar complex in Ohio, is fully operational, delivering decarbonized electricity to the PJM grid. The project consists of a ground-mounted solar facility with a total capacity of 749 MWdc/577 MWac, being constructed in three phases in Madison County, Ohio. The first phase generates 150 MWac of solar energy, with plans for additional phases through 2024. The project has secured 20-year power purchase agreements and is expected to generate enough electricity to power the equivalent of 118,000 average Ohio homes. EDF Renewables has extensive experience in developing renewable energy projects and is committed to providing solutions to help customers achieve their carbon-reduction goals.
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Enbridge Inc. to Host Webcast to Discuss 2023 Fourth Quarter Results on February 9

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Enbridge Inc. (ENB) to host conference call and webcast to review 2023 fourth quarter and full year results on February 9, 2024
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Conservation Takes Flight With Wetland Upgrades and Water Management

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Ducks Unlimited (DU) focuses on habitat restoration in Wyoming and Nebraska, with a mission to provide sustainable ecosystems for wetland species and clean water. Enbridge supports the $5,000 Fueling Futures grants for the Nebraska and Wyoming projects, aiming to restore and enhance wetlands for migratory birds and wildlife.
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A 'Beautiful Building for Beautiful People'

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Enbridge (ENB): Groundbreaking ceremony held for Boyle Street Community Services' new facility in downtown Edmonton
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Lifting Families out of Generational Poverty in the Volunteer State

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Highlands Training Center (HTC) aims to bring 1,600 local children out of poverty by 2025, addressing the 24.6% youth poverty rate in the Upper Cumberland region of Tennessee. Executive Director Ryan Barnhart is working with 800 families to achieve this goal.
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Adventure Awaits Wyoming Youth in Outdoor Classroom

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Enbridge (ENB) Supports The Science Zone's WYld Experiences Outdoor Adventure Camp in Wyoming
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FAQ

What is the current stock price of Enbridge (ENB)?

The current stock price of Enbridge (ENB) is $41.37 as of December 20, 2024.

What is the market cap of Enbridge (ENB)?

The market cap of Enbridge (ENB) is approximately 88.9B.

What does Enbridge Inc. do?

Enbridge Inc. is a multinational pipeline and energy company that owns and operates pipelines transporting crude oil, natural gas, and natural gas liquids across Canada and the United States.

Where is Enbridge Inc. headquartered?

Enbridge Inc. is headquartered in Calgary, Alberta, Canada.

What are Enbridge’s recent achievements?

Recent achievements include the inauguration of the Fécamp Offshore Wind Farm in France and strong financial performance in Q1 2024. The company also acquired The East Ohio Gas Company and is working on expanding the Gray Oak Pipeline.

What sustainability initiatives does Enbridge support?

Enbridge supports numerous sustainability initiatives, including the Fueling Futures grants program and projects aimed at achieving net-zero greenhouse gas emissions by 2050. The company also invests in renewable energy technologies like hydrogen and carbon capture and storage.

What is the significance of Enbridge's pipeline network?

Enbridge's pipeline network is crucial for transporting hydrocarbons across North America, ensuring the reliable delivery of energy. This includes the Canadian Mainline system and various regional oil sands and natural gas pipelines.

Does Enbridge operate in renewable energy?

Yes, Enbridge has a growing portfolio of renewable energy projects, primarily focused on onshore and offshore wind projects. The company is a significant player in the energy transition towards more sustainable energy sources.

How financially stable is Enbridge?

Enbridge has a history of predictable financial performance, with solid quarterly results and strategic acquisitions that enhance its financial stability. The company reaffirmed its financial guidance for 2024 and maintains a strong balance sheet.

What is Enbridge’s approach to community development?

Enbridge is committed to community development through initiatives like the Fueling Futures grants, which support local environmental and community projects. The company engages in programs that enhance community well-being and environmental sustainability.

What recent projects has Enbridge announced?

Recent projects include the Gray Oak Pipeline expansion, various Gulf Coast infrastructure enhancements, and ongoing development of renewable energy projects like offshore wind farms in Europe.

What is Enbridge’s long-term vision?

Enbridge aims to be a leading energy delivery company, providing secure, sustainable, and affordable energy. The company is focused on achieving net-zero greenhouse gas emissions by 2050 and expanding its investments in renewable energy and modern energy delivery infrastructure.

Stock ENB logo
Enbridge, Inc

NYSE:ENB

ENB Rankings

#138 Ranked by Market Cap
#249 Ranked by Dividends

ENB Stock Data

88.90B
2.17B
0.1%
54.63%
2.9%
Oil & Gas Midstream
Pipe Lines (no Natural Gas)
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United States of America
CALGARY