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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 Inc. to Host Webcast to Discuss 2023 Third Quarter Results on November 3

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Enbridge Inc. to host conference call and webcast for Q3 2023 results
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In Powersports, As in Life, 'Safety Is a Learned Behavior'

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RideSafe Foundation partners with BRP and Enbridge to promote powersport safety
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A Q&A With Friends of RGV Reef Conservation Leader Gary Glick

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Enbridge partners with a conservation organization and research team to explore the potential of artificial reefs in carbon sequestration. A $250,000 grant from Enbridge helped create a 1,650-acre artificial reef. The partnership has attracted millions of fish and endangered sea turtles. The current focus is on studying the biodiversity and carbon sequestration potential of the reef. The research is being conducted using physical samples and sonar-based measurements. Enbridge has provided an additional $250,000 grant for the project. The success of the reef could support further development and inform other artificial reef efforts. If marine habitats seeded by humans can effectively sequester carbon, it could be an important strategy for reducing greenhouse gases. The study may also yield insights for future artificial reef construction. The partnership with Friends of RGV Reef enhances biodiversity and explores climate benefits.
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Case Study: The Athabasca Equity Partnership

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Enbridge and Athabasca Indigenous Investments (Aii) announce an equity partnership in northern Alberta, with Aii assuming an 11.57% ownership stake in seven pipelines transporting 45% of Alberta oil sands production. The partnership aims to deliver economic benefits to Indigenous communities. The assets are expected to provide predictable cash flows. Aii's 5% ownership will generate around $500,000 in annual revenue for Fort McKay Métis Nation. Enbridge plans to recycle capital for new growth opportunities in renewable and low-carbon energies. No concrete numbers or percentages provided.
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Encouraging Young Families To Shoot for the ‘Stars’

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EnbridgeEngage Sport North promotes physical literacy programs for children in northern BC through Active Star and Parent Pump programs. The programs offer free physical education for children aged 2-5 years old and allow parents to recharge while their kids participate. Enbridge awarded a $5,000 grant to support program expansion. Enbridge's support for physical literacy programs demonstrates their commitment to vibrant communities.
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Enbridge Is Committed to Indigenous Collaboration

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Enbridge releases Indigenous Reconciliation Action Plan (IRAP) in commitment to collaboration with Indigenous peoples
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Period Poverty Becoming a Problem of the Past in British Columbia

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Enbridge supports United Way BC's Period Promise campaign to tackle period poverty in British Columbia
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Flyscan Systems Announces that Marathon Petroleum Joins its Strategic Investor Group alongside Hatch, Enbridge and BDC

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Marathon Petroleum joins strategic investor group of Flyscan Systems to support its advancement and growth.
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We Are Better Together: DEI at Enbridge

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Enbridge's 2022 Sustainability Report highlights their Diversity, Equity, and Inclusion (DEI) program. They have focused on engaging and empowering employees, embedding equity policies, and elevating diverse talent. They have developed targeted equity action plans for underrepresented groups and have partnerships to fuel progress. Enbridge conducted their first inclusion survey to gauge employees' sense of inclusion and value. They have received several awards and recognition for their DEI efforts. Enbridge's transparency and commitment to diversity have been recognized with a Catalyst Award. They have set ESG goals for workforce diversity and representation.
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Enbridge announces executive leadership changes

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Enbridge announces executive leadership changes
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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