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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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

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Enbridge is investing in a solar energy joint venture in Ohio. The initial phase should start producing electricity and cash flow by the end of this year.

This Brilliant Dividend Stock Is Adding Even More Power to Grow Its Payout

SAN DIEGO--(BUSINESS WIRE)--EDF Renewables North America and Enbridge Inc. (TSX: ENB) (NYSE: ENB) have announced an agreement that will see Enbridge become a 50 percent partner in the Fox Squirrel Solar Project. The project, located in Madison County, Ohio, is set to become EDF Renewables' largest onshore renewable project and Ohio's largest solar complex. The Fox Squirrel Solar is a ground-mounted solar facility with a capacity of 749 MWdc/577 MWac. It is currently being constructed in three p.

EDF Renewables North America Expands Partnership with Enbridge

Canadian pipeline operator Enbridge said on Wednesday it had entered a joint venture with EDF Renewables to participate in the construction and operation of the Fox Squirrel solar project in Ohio.

Enbridge to invest in EDF Renewables' Ohio solar facility

CALGARY, AB , Nov. 15, 2023 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today that it has signed a definitive agreement to participate in the construction and operation of the Fox Squirrel solar project, through a 50% interest in a joint venture with EDF Renewables. Fox Squirrel is a ground-mounted solar facility under construction in Madison County, Ohio.

Enbridge to Expand Partnership with EDF Renewables with Investment in Fox Squirrel Solar Project

Enbridge has one of the lowest-risk business models in the energy sector. The energy infrastructure giant has lots of visible growth ahead, which will give it the fuel to keep increasing its high-yielding dividend payout.

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3 Reasons Enbridge Is The Perfect 8%-Yielding Buffett-Style Dividend Aristocrat Buy

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Enbridge's (ENB) Q3 earnings benefit from higher contributions from the Liquids Pipelines segment. This is partially offset by lower contributions from the Gas Transmission and Midstream segment.

Enbridge (ENB) Q3 Earnings Beat Estimates, Revenues Fall Y/Y

Enbridge has been busy deploying its excess investment capacity this year. It has secured several accretive acquisitions and added to its capital project backlog.

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Enbridge has a unique ability to drive long-term shareholder returns despite being punished by the market. The company's cash flow remains strong and reliable, with 98% of EBITDA generated from cost-of-service and contracted assets. Enbridge is focused on expanding its renewable business, particularly offshore wind, to diversify and add support to its cash flow.

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Enbridge continues to deliver solid results. The company's financial metrics are at the low end of its guidance ranges.

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Enbridge's common stock has performed like a bond, losing over 15% as interest rates have increased. Enbridge offers preferred shares denominated in US dollars with rates that reset every 5 years based on the 5-year US Treasury yield. Having just reset, Series 1 offers a current yield 1 percentage point above the common, which investors can lock in until June 2028.

Series 1 Preferred Is Now The Best Enbridge Security For US Income Investors

Enbridge Inc. (ENB) Q3 2023 Earnings Call Transcript

Enbridge Inc (TSX:ENB) on Friday announced third quarter 2023 adjusted earnings per share (EPS) of C$0.62, surpassing the consensus forecast of C$0.60 according to data from LSEG, as the pipeline operator benefitted from transporting higher volumes of oil and other liquids.  The company's net sales for the period, meanwhile, fell to C$9.84 billion from C$11.57 billion a year ago although it edged past expectations of C$11.33 billion.

Enbridge 3Q profit tops estimates on higher transport volumes

Priorities & commitments of ongoing business review are unchanged including commitment to current dividend Fully regulated Coastal Virginia Offshore Wind (CVOW) project on time and on budget; company in advanced stages of process to assume a noncontrolling equity financing partner – final strategic step outstanding in business review Company to conclude review upon completion of CVOW partnership decision; expected by year-end 2023 or early 2024 Cove Point and gas utilities accounted for as discontinued operations; removed from operating earnings Third-quarter 2023 GAAP net income of $0.17 per share; operating earnings (non-GAAP) of $0.77 per share Company initiates fourth-quarter 2023 operating earnings (non-GAAP) guidance of $0.35 per share RICHMOND, Va. , Nov. 3, 2023 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D), today provided an update on its comprehensive business review and announced third-quarter 2023 earnings.

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Pipeline operator Enbridge on Friday beat third-quarter profit estimates, helped by higher volumes of oil transported through its system.

Pipeline operator Enbridge beats profit targets on higher transport volumes

News for Enbridge Stock (ENB)