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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

Braving a Winter Night To Shine a Spotlight on Youth Homelessness

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Enbridge (ENB) Supports A Way Home Kamloops' Annual Campout to End Youth Homelessness
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Closing the Gender Leadership Gap in BC

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Minerva BC (Private) is dedicated to closing the gender leadership gap by advancing the leadership of self-identified women and girls. The non-profit has helped women across the province reach their goals through education, mentorship, and leadership training for over two decades. Enbridge (ENB) has supported Minerva BC since 2021, providing a recent $10,000 grant for program expansion and hosting a one-day, in-person Learning to Lead workshop in Prince George.
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Enbridge CEO Urges Canada To Champion LNG To Reduce Global Emissions and Energy Poverty

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Enbridge Inc. (ENB) President & CEO Greg Ebel calls on Canada to lead in reducing global emissions, addressing energy poverty, and supporting Indigenous communities. He emphasizes the role of natural gas in reducing global emissions and urges the government to champion sustainable natural gas production and reduce barriers to LNG development. Ebel also advocates for a national Indigenous loan-guarantee program to ensure Indigenous communities benefit from natural resources.
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Once Again, Canada Can Lead the Way

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Enbridge (ENB): CEO Greg Ebel advocates for delivering LNG to global markets to reduce global CO2 emissions and support energy security. The company aims to export Canadian natural gas to displace coal in Asia and Eastern Europe, aligning with the Paris Climate Agreement.
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Enbridge Appoints New Director to its Board

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Enbridge Inc. (ENB) appoints Manjit Minhas, co-founder and CEO of Minhas Breweries, Distilleries and Wineries, as a director. Ms. Minhas brings extensive business and entrepreneurial experience to the board.
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Enbridge Announces 2024 Financial Guidance and 3% Dividend Increase

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Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) announced its 2024 financial guidance, including a common share dividend increase from $3.55 to $3.66 per share effective March 1, 2024. The company expects its 2024 base business EBITDA to grow by more than 4% and its DCF to increase by approximately 3% compared to 2023. Enbridge remains committed to meeting energy demands, innovating, and investing in infrastructure. The company has secured $7 billion of organic projects and strategic acquisitions, with plans to close gas utility acquisitions by the end of 2024. The 2024 financial outlook includes EBITDA of $16.6 billion to $17.2 billion and DCF per share of $5.40 to $5.80. The company plans to increase its quarterly common share dividend by 3.1% to $0.915 per share, commencing March 1, 2024. Enbridge expects to deploy approximately $6 billion of capital in 2024, with a strong balance sheet and a financing plan that includes $8 billion of debt issuances.
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Enbridge Inc. Announced 3.1% Quarterly Dividend Increase for 2024

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Enbridge Inc. (ENB) declares a quarterly dividend of $0.9150 per common share, marking a 3.1% increase from the prior quarterly rate and the twenty-ninth consecutive year of dividend growth.
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New Boulder Park a Rock-Solid Symbol of Action and Togetherness

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Rotary Club of Williams Lake Daybreak (RCWL) unveils a new boulder playground in Boitanio Park, Williams Lake, BC. Ticker symbol: RCWL.
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Mount Paul Community Food Centre: Filling Tummies and Feeding Community Spirit

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Centre (ENB) aims to provide a sense of community and access to healthy meals in Kamloops, BC. The non-profit organization offers free community meals twice a week, maintains a community pantry, and runs an affordable produce market to enhance food security and access to whole foods.
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Ramping Up RNG Potential in the Pacific Northwest

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Enbridge - Enbridge and Divert Break Ground in Washington State to Convert Wasted Food into Renewable Natural Gas. Enbridge and Divert have begun construction on an Integrated Diversion and Energy Facility in Longview, Washington, to convert 100,000 tons of wasted food annually into renewable natural gas (RNG). The $100-million, 66,000-square-foot plant will be fully operational by the end of 2024 and is expected to offset up to 23,000 metric tons of CO2 a year, equivalent to removing 5,000 gas-powered cars from the road annually.
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FAQ

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

The current stock price of Enbridge (ENB) is $42.18 as of November 15, 2024.

What is the market cap of Enbridge (ENB)?

The market cap of Enbridge (ENB) is approximately 91.8B.

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.

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Enbridge, Inc

NYSE:ENB

ENB Rankings

#137 Ranked by Market Cap
#262 Ranked by Dividends

ENB Stock Data

91.84B
2.18B
0.1%
54.74%
1.13%
Oil & Gas Midstream
Pipe Lines (no Natural Gas)
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United States of America
CALGARY