Enbridge

Union Gas is a major Canadian natural gas company based in Ontario. Its distribution arm services approximately 1.5 million customers in northern, southwestern and eastern Ontario. Union Gas has been a subsidiary of Enbridge since February 2017, when former parent Spectra Energy merged into Enbridge.

Union Gas

Enbridge, Inc. engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines. The Gas Distribution & Storage segment consists of natural gas utility operations, the core of which is Enbridge gas, which serves residential, commercial and industrial customers. It also includes natural gas distribution activities in Quebec and an investment in Noverco, which holds a majority interest in a subsidiary entity engaged in distribution and energy transportation primarily in Quebec. The Gas Transmission & Midstream segment consists of investments in natural gas pipelines, processing and green energy projects, the company's commodity marketing businesses, and international activities. The Renewable Power Generation segment consists primarily of investments in wind and solar power generating assets, as well as geothermal, waste heat recovery, and transmission assets. The Energy Services segment consists of businesses in Canada and the United States including logistical services, refinery supply services and the firm's volume commitments on various pipeline systems. The company was founded on April 30, 1949 and is headquartered in Calgary, Canada.

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Investing in companies that pay reliable dividends can provide a steady stream of income and potential capital appreciation. Realty Income Corp. is a reliable dividend payer with a diversified portfolio and a strong leasing environment. Enbridge is a leading energy company with stable cash flows and strong operating fundamentals, offering an attractive dividend yield.

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Enterprise Products Partners operates as a toll taker in the highly volatile energy sector. Oneok has a durable business model and a built-in growth driver.

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We had last given Enbridge a Strong Buy rating as flawless execution offset the hefty acquisition risks. We look at the Q1-2024 results in light of the price action and update our thesis. We also review two high yielding Enbridge preferred shares that trade in US Dollars.

Enbridge: Preferred Shares Most Resilient In Bond Bear Market

Enbridge expects AI to fuel growing demand for power. The company's integrated energy infrastructure platform is in an excellent position to capitalize on AI-related opportunities.

1 Magnificent Stock With Plenty of Power to Cash In on the AI Megatrend

CALGARY, AB , May 17, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series R (Series R Shares) will be converted into Cumulative Redeemable Preference Shares, Series S (Series S Shares) on June 3, 2024. After taking into account all conversion notices received from holders of its outstanding Series R Shares by the May 17, 2024 deadline for the conversion of the Series R Shares into Series S Shares, less than the 1,000,000 Series R Shares required to give effect to conversions into Series S Shares were tendered for conversion.

Enbridge Announces Conversion Results for Series R Preferred Shares

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The shares will be offered at Enbridge's (ENB) discretion, allowing sales to the public intermittently at current market prices.

Enbridge (ENB) Plans Equity Offering to Fund Major Acquisition

The data points in Q1, 2024 earnings deck have made Enbridge from a decent dividend play to a very attractive one. It is not only the underlying business that continues to deliver double-digit growth rates, but also the assumed M&A strategy is injecting some strong tailwinds for ENB's value creation.

Enbridge Is Stepping Up Its Game, It's Time To Invest

Enbridge, a cornerstone of energy security, offers value with a 7% dividend yield. Despite past setbacks, recent growth signals a promising future. Midstream assets like ENB gain Wall Street attention amid market shifts. Strong financials and strategic acquisitions bolster its position. ENB's record financial results and steady dividend growth make it an attractive investment. Despite past performance concerns, its current valuation suggests significant upside potential.

Wall Street Finally Woke Up To Enbridge's 7% Yield

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Enbridge stock is around 30% below its highs in 2015 and off around 20% from its 2022 peak. The company continues to pay a dividend year in and year out, with the annual streak of increases now up to 29 years.

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CALGARY, AB , May 16, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it has made certain Canadian and U.S. securities filings to enable an at-the-market equity issuance program (the ATM Option). The ATM Option provides Enbridge with additional flexibility to partially fund its previously announced acquisitions of three U.S. natural gas utilities from Dominion Energy, Inc. (the Acquisitions) and the Company intends that proceeds would be used for that purpose.

Enbridge Files Prospectus Supplements to Enable an At-the-Market Equity Issuance Funding Option for its Acquisitions

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Enbridge's adjusted earnings rose by 8% year over year. The company's strategic acquisitions fuel its expanding utility platform.

Enbridge Grew Adjusted EPS in Q1

Enbridge's (ENB) first-quarter earnings primarily benefit from increased contributions across all segments.

Enbridge (ENB) Q1 Earnings Beat Estimates, Revenues Fall Y/Y

In March, I started a position in Enbridge. As this year progresses, I anticipate adding to that stake. The midstream behemoth shared exceptional first-quarter results and a deep pipeline of projects should keep the momentum going in future quarters. Even without considering the proceeds from its Alliance and Aux Sable sales, debt to EBITDA was squarely within Enbridge's targeted leverage range.

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Enbridge delivered strong first-quarter results. The company continued to make progress on its long-term growth strategy.

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We share our main takeaways from ENB's recent Q1 results. We also provide an update on the stock's outlook. We also share why we think it is a dream stock for retiring with dividends.

7%-Yielding Enbridge Is A Dream Stock For Retiring With Dividends

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Enbridge Inc. (NYSE:ENB ) Q1 2024 Results Conference Call May 10, 2024 9:00 AM ET Company Participants Rebecca Morley - Vice President, Investor Relations Greg Ebel - President and Chief Executive Officer Pat Murray - Executive Vice President and Chief Financial Officer Colin Gruending - Head, Liquids Pipelines Cynthia Hansen - Head, Gas Transmission and Midstream Michele Harradence - Head, Gas Distribution and Storage Matthew Akman - Head, Renewable Power Conference Call Participants Robert Catellier - CIBC Rob Hope - Scotiabank Benjamin Pham - BMO Theresa Chen - Barclays Linda Ezergailis - TD Cowen Jeremy Tonet - JPMorgan Robert Kwan - RBC Capital Markets Praneeth Satish - Wells Fargo Zackery Van Everen - TPH Patrick Kenny - National Bank Financial Manav Gupta - UBS Rebecca Morley Good morning, and welcome to the Enbridge Inc., First Quarter 2024 Conference Call. My name is Rebecca Morley and I'm the Vice President of the Investor Relations team.

Enbridge Inc. (ENB) Q1 2024 Earnings Call Transcript

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News for Enbridge Stock (ENB)