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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

Enbridge Announces Conversion Results for Series N Preferred Shares

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Enbridge Inc. (ENB) Announces Series N Shares Will Not Convert to Series O Shares
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Pontiac Fire Department: A Rich History of Safety and Community

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Enbridge (NYSE: ENB) Grants Pontiac Fire Department $6,000 for Replacement Hose
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EDF Renewables North America Expands Partnership with Enbridge

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Enbridge Inc. (ENB) partners with EDF Renewables North America for a 50 percent stake in the Fox Squirrel Solar Project, a ground-mounted solar facility in Ohio. The project, with a capacity of 749 MWdc/577 MWac, is set to become Ohio's largest solar complex. Enbridge's investment demonstrates commitment to renewable energy growth in North America, with the first phase to be operational by year-end and the remainder by the end of 2024. EDF Renewables touts the project as key to decarbonizing the PJM grid and supporting the transition to solar energy.
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Enbridge to Expand Partnership with EDF Renewables with Investment in Fox Squirrel Solar Project

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Enbridge Inc. (ENB) announces a 50% joint venture with EDF Renewables to participate in the construction and operation of the Fox Squirrel solar project in Ohio, expected to generate 150 MW of solar energy initially and up to 577 MW by 2024. Enbridge will invest US$149 million in the first phase and plans further investment throughout 2024. The project has 20-year fixed-price power purchase agreements and aims to benefit local communities while driving renewables growth in North America.
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Enhancing Both Empathy and Equity

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Enbridge: Women's Centre of Calgary recruits over 500 volunteers with new EDI training program. The Women's Centre of Calgary, a not-for-profit organization, lost 69% of its volunteers during the first two years of the COVID-19 pandemic. To address this, the organization revamped its volunteer training program with a focus on equity, diversity, and inclusion (EDI). Enbridge provided a $10,000 grant to support the development of this training, which aims to help volunteers challenge unconscious bias and support marginalized groups in a trauma-informed way.
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The Path to Net Zero: Progressive Topics, Workable Solutions

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Enbridge: Leadership members discuss energy transition at 24th World Petroleum Congress in Calgary, emphasizing net-zero greenhouse gas emissions by 2050 and practical approach to energy transition.
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Native Plants Transform Outdoor 'Laboratory' in the Land of 10,000 Lakes

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Boy Scouts of America volunteers plant seedlings to transform 14.9 acres of scrub brush and thistle into wildlife habitat near Park Rapids, MN. The project aims to create a lush forest that will serve as habitat and food sources for various mammals. Enbridge's Fueling Futures program supports the project with a $10,000 grant over three years.
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Enbridge Primes RNG Prowess With Purchase of Seven U.S. Facilities

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Enbridge has announced the purchase of seven operating U.S. landfill gas-to-RNG facilities from Morrow Renewables for US$1.2 billion. This acquisition positions Enbridge as a major North American RNG midstream operator and strengthens its leadership in the energy transition. The portfolio instantly establishes Enbridge's RNG business as a North American midstream leader by volume and complements its efforts to increase RNG production from food and farm waste.
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Dominion Energy Continues to Advance Business Review; Announces Third-Quarter 2023 Earnings

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Dominion Energy provides an update on its business review and announces third-quarter 2023 earnings. The company remains committed to its priorities and commitments, including the current dividend. The Coastal Virginia Offshore Wind (CVOW) project is on track and the company is in the process of finding a noncontrolling equity financing partner. Cove Point and gas utilities are accounted for as discontinued operations. Third-quarter 2023 GAAP net income is $0.17 per share, and operating earnings (non-GAAP) is $0.77 per share. Fourth-quarter 2023 operating earnings guidance is $0.35 per share.
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Enbridge Reports Strong Third Quarter 2023 Financial Results and Reaffirms Financial Guidance and Outlook

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Enbridge Inc. reported third quarter 2023 financial results, with GAAP earnings of $0.5 billion, adjusted earnings of $1.3 billion, and adjusted EBITDA of $3.9 billion. Cash provided by operating activities was $3.1 billion, and distributable cash flow was $2.6 billion. The company reaffirmed its 2023 full year financial guidance and announced several key acquisitions and agreements.
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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.

Stock ENB logo
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)
Link
United States of America
CALGARY