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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Clearway Energy

3M's big-time dividend is at a crossroads. Enbridge has the fuel to continue increasing its high-yielding dividend.

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Energy pipeline company Enbridge plans to expand capacity on its Gray Oak oil pipeline by 80,000 barrels per day (bpd) this year and could add another 40,000 bpd in 2025, an executive told Reuters on Tuesday.

Enbridge eyes 120,000 bpd expansion to Gray Oak, Texas oil pipeline by 2025

Enbridge is facing challenges and has lagged the overall market in recent months. Near-term challenges include depressed commodity prices and reduced mainline tolls, which could impact earnings in 2024. However, I view all these challenges as near-term.

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Enbridge (ENB) reachead $35.52 at the closing of the latest trading day, reflecting no change compared to its last close.

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Dividends are only as strong as the companies that back them, which is why a high yield alone isn't enough to make a stock a buy. Enbridge has an ultrahigh yield, a strong business, and a 29-year history of annual dividend increases.

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Enbridge Inc. investors have seen a revival in buying sentiments as ENB continues to grind higher. The company clarified its earnings growth profile through 2026, reducing execution uncertainties. Enbridge remains confident that substantial volume will be sustained from its Mainline system.

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Enbridge (ENB) closed at $36.02 in the latest trading session, marking a +0.5% move from the prior day.

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Enbridge (ENB) solidifies its U.S. utility presence with a $14B acquisition, adding East Ohio Gas Company to its growing natural gas empire.

Enbridge (ENB) Expands U.S. Footprint With East Ohio Gas Deal

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Dividend stocks, including REITs and utilities, have underperformed in recent years. Rising interest rates and increasing costs of capital have contributed to the underperformance. The beginnings of a strong dividend stock rally may have just begun on the back of some very good news.

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Before Enbridge circulated its Q4 figures, I issued an article on ENB and Enterprise Products Partners comparing the two businesses. I favored more EPD due to lower multiple and, most importantly, higher certainty when it comes to the underlying leverage. Looking at how ENB has managed to de-risk its balance sheet even further and also considering the success of capital recycling, my concerns about elevated leverage have faded.

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The energy sector is, on the whole, a highly volatile area in which to invest. The midstream niche of the energy sector bucks the broader earnings volatility trend.

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In the next week, I will be adding shares of Enbridge to my dividend growth stock portfolio. Adjusting for share issuances related to recent acquisition activity, the midstream operator's adjusted EBITDA and DCF grew in Q4. Enbridge is committed to maintaining a leverage ratio within its targeted range of 4.5 to 5x debt to EBITDA.

Enbridge: I'm Buying This 7.6%-Yielding Dividend Aristocrat Now

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Enbridge pays a bankable dividend that yields more than 7%. The company expects to grow its cash flow per share by around 3% annually through 2026.

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Enbridge (ENB) also secures a tolling agreement for the Mainline, effective until 2028.

Enbridge (ENB) Upbeat on Mainline, Aims Full Capacity by 2026

CALGARY, AB , March 7, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") announced today the closing of its acquisition of The East Ohio Gas Company ("EOG") from Dominion Energy, Inc. The gas utility will be doing business as Enbridge Gas Ohio and will join Enbridge's Gas Distribution and Storage Business Unit. EOG is a premier single-state utility, serving over 1.2 million customers across more than 400 communities in Ohio, with key locations in major metropolitan areas.

Enbridge Completes Acquisition of The East Ohio Gas Company

Dominion Energy

RICHMOND, Va. , March 7, 2024 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D), today announced closure of the sale of its Ohio natural gas utility – The East Ohio Gas Company – to Enbridge Inc. (TSX: ENB) (NYSE: ENB) for approximately $6.6 billion, including assumed indebtedness and adjusted for customary closing items.

Dominion Energy Announces Closing of Sale of Ohio Natural Gas Distribution Company

News for Enbridge Stock (ENB)