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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Michigan regulators on Friday approved Canadian pipeline company Enbridge Inc's application to build a tunnel under the Great Lakes to house its aging Line 5 oil pipeline, a major step forward for the $750 million project.

Michigan regulators approve Enbridge Great Lakes tunnel for oil pipeline

Enbridge expects its earnings and cash flow to continue growing next year, even before factoring in its upcoming gas utility acquisitions. Those deals will give it even more momentum heading into 2025.

This Magnificent 7.4%-Yielding Dividend Stock Will Give Investors Yet Another Raise in 2024

Enbridge (ENB) projects adjusted core earnings of C$16.6-C$17.2 billion next year, surpassing its 2023 expectations of C$15.9-C$16.5 billion.

Enbridge (ENB) Predicts Increased 2024 Earnings, Hikes Dividend

Alerian Energy Infrastructure ETF

Two midstream names have announcd positive 2024 growth outlooks. TC Energy Corporation (TRP) and Enbridge (ENB) this week provided 2024 financial guidance.

2 Midstream Names Offer 2024 Financial Guidance

Chevron

Devon Energy

Devon Energy's dividend fluctuates with the company's cash flow. Enbridge will become North America's largest natural gas utility franchise after acquiring utilities from Dominion Energy.

3 Top Stocks That Will Make You Richer in 2024 (and Beyond)

CALGARY, AB , Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) is pleased to announce that its Board of Directors has appointed Manjit Minhas as a director of Enbridge. Ms. Minhas is the co-founder and CEO of Minhas Breweries, Distilleries and Wineries.

Enbridge Appoints New Director to its Board

Enbridge Inc (TSX:ENB) announced on Wednesday that it is raising its annual dividend by 3% to $3.66 per share effective March 1, 2024, its 29th consecutive yearly increase, as the energy products delivery network said it expects its business to continue to grow next year.  Its quarterly shareholder payout will be $0.915 per share.

Enbridge boosts dividend on business growth outlook

Enbridge , on Wednesday forecast higher core earnings and raised its dividend for 2024 as the Canadian pipeline operator bets on higher demand to lift volumes transported across its network.

Canada's Enbridge forecasts higher 2024 earnings, raises dividend

CALGARY, AB , Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today its 2024 financial guidance and an annualized common share dividend increase from $3.55 to $3.66 per share effective March 1, 2024. HIGHLIGHTS (All financial figures are unaudited and in Canadian dollars unless otherwise noted.

Enbridge Announces 2024 Financial Guidance and 3% Dividend Increase

CALGARY, AB , Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that its Board of Directors has declared a quarterly dividend of $0.9150 per common share, payable on March 1, 2024 to shareholders of record on February 15, 2024.  The declared dividend represents a 3.1% increase from the prior quarterly rate and the twenty-ninth consecutive year in which the Company has increased its common share dividend.

Enbridge Inc. Announced 3.1% Quarterly Dividend Increase for 2024

Enbridge's recent underperformance is attributed to investor caution about its aggressive endeavors to become North America's largest gas utility company. Despite missing revenue estimates, Enbridge showed profitability expansion and strong operating leverage in its latest quarterly earnings. The company's strategic moves to diversify its revenue mix towards cleaner energy are likely to build a resilient business model.

Enbridge: Safe 7.7% Dividend Yield Plus Stellar Growth History

Demand for infrastructure investments is at a record high, with global assets in listed infrastructure products reaching $111 billion. Enbridge Inc., a multinational pipeline and energy company, is viewed as a solid buy-and-hold investment with a 7-8% dividend yield. The company is well-positioned for growth in the renewables sector and has a conservative leverage target and strong profitability.

Enbridge: We're Backing Up The Sleigh

Brookfield Infrastructure Partners L.P.

Realty Income Corp

Dividend stocks as a class have generally delivered market-beating total returns. Enbridge, Brookfield Infrastructure, and Realty Income have histories of outperforming the market.

$5,000 Invested in These 3 Ultra-High-Yield Dividend Stocks Could Make You Rich

S&P Global has a negative outlook on Enbridge due to potential weaker credit measures related to the acquisition of Dominion Energy's assets. Enbridge's Q3-2023 hit hard against that thesis and showed that the narrow cushion on credit metrics will likely be sufficient. We examine the preferred shares today and tell you why the fixed rate is not the best choice.

Enbridge: High Yield Choices Aplenty

Brookfield Renewable Partners

NextEra Energy

Enbridge is getting ready to get more boring in 2024, cementing its long-term growth plans. Brookfield Renewable's recent shopping spree puts it in a strong position to grow shareholder value in 2024 and beyond.

3 Energy Stocks That Could Make You Richer in 2024 and Beyond

When I last covered Enbridge, I rated it a 'hold' because, although its high yield was tempting, its payout ratios and debt level were too high. Since then, the cash flow payout ratio has improved, and debt has come down. The Company's future earnings will be impacted by a $14 billion deal to purchase U.S. natural gas assets.

Enbridge Has Gotten A Lot More Buyable (Rating Upgrade)

Enterprise Products Partners

Energy Transfer LP Unit

Kinder Morgan

Marathon Petroleum

MPLX

ONEOK

Plains All American Pipeline

Phillips 66

Valero Energy

Exxon Mobil

Big energy like Chevron Corp. NYSE: CVX and Exxon Mobil Corp. NYSE: XOM are trading well below their highs, while certain sub-industries within the energy sector are performing well.

Refiners, transporters surge: Niche energy markets defy oil slump

Wall Street's view of the midstream sector has changed dramatically over the past decade. Enterprise Products Partners is offering a historically attractive 7.6% distribution yield.

2 Bargain Basement Stocks to Buy on the Dip

British American Tobacco

Americans are expected to spend big again this holiday season between now and Cyber Monday. Spending money on items that will improve the quality of your life is wise. But for those still accumulating, I would suggest buying blue chips on sale. The duo is 38% undervalued on average, which could provide the opportunity for significant valuation reversion to the mean.

Buy These 2 High-Yielding Dividend Aristocrat Bargains This Black Friday

Enbridge has had a rough year compared to other pipeline stocks, but its dividend is a major draw at just under 8%. I believe the dividend is extremely safe due to Enbridge's distributable cash flow, which is expected to meet current obligations. Enbridge's stock decline is largely tied to commodity prices and recent acquisitions, but its long-term outlook and dividend growth potential make it a buying opportunity.

Dividend Giant Enbridge Presents A Buying Opportunity (Technical Analysis)

Enbridge Inc. and Energy Transfer LP are leading midstream businesses. Both companies generate stable cash flows, have investment-grade balance sheets, and very attractive and sustainable dividends. We compare them side by side and offer our take on which is the better buy right now.

Better High Yield Buy: Energy Transfer Or Enbridge?

Ares Capital

Brookfield Renewable could be your key to cashing in on the booming demand for clean energy. Enbridge's cash payouts to its investors are about as reliable as they get.

3 Top Dividend Stocks to Buy Hand Over Fist Right Now

CALGARY, AB , Nov. 16, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series N (Series N Shares) will be converted into Cumulative Redeemable Preference Shares, Series O (Series O Shares) on December 1, 2023. After taking into account all conversion notices received from holders of its outstanding Series N Shares by the November 16, 2023 deadline for the conversion of the Series N Shares into Series O Shares, less than the 1,000,000 Series N Shares required to give effect to conversions into Series O Shares were tendered for conversion.

Enbridge Announces Conversion Results for Series N Preferred Shares

Clearway Energy

Schlumberger

With oil prices dipping below the $80 mark this month, it's plausible to think that the energy stock rally has hit its peak. Yet, this could be a premature assumption.

7 Energy Stocks You'll Regret Not Buying Soon: November 2023

Enbridge (ENB) will invest $149 million for the initial phase and aims to make final investment decisions on subsequent phases throughout 2024, contingent upon the fulfillment of specific conditions.

Enbridge (ENB) to Invest in Fox Squirrel Solar Project in Ohio

News for Enbridge Stock (ENB)