Enbridge Stock Price, News & Analysis

Enbridge Inc. (ENB) has announced that none of its outstanding Cumulative Redeemable Preference Shares, Series 13 will be converted into Series 14 Shares on June 1, 2025. The conversion threshold required a minimum of 1,000,000 Series 13 Shares to be tendered, but after reviewing all conversion notices received by the May 20, 2025 deadline, the number of shares tendered fell short of this requirement.

I Squared Capital has agreed to acquire a 37% stake in Matterhorn InvestCo, LLC, which owns 65% of the Matterhorn Express Pipeline (MXP). MXP is a strategic 2.5 billion cubic feet per day natural gas pipeline connecting the Permian Basin to Texas demand centers and Gulf Coast LNG export terminals. The pipeline, which began operations in November 2024, is fully contracted and serves growing energy demand centers, including LNG terminals, industrial hubs, and AI-driven data centers in Austin and Houston areas. Post-transaction, MXP's ownership will be distributed among MXP HoldCo (65%), ONEOK (15%), MPLX (10%), and Enbridge (10%). WhiteWater Midstream will continue operating the pipeline through MXP HoldCo. The transaction is expected to close in mid-2025.

Enbridge (NYSE: ENB) has announced a landmark CAD$715 million investment agreement with the Stonlasec8 Indigenous Alliance Limited Partnership, representing 36 First Nations in British Columbia. The deal will grant the First Nations Partnership a 12.5% ownership stake in Enbridge's Westcoast natural gas pipeline system. The transaction is supported by a CAD$400 million loan guarantee from Canada Indigenous Loan Guarantee Corporation (CILGC).

The Westcoast pipeline system, operating for over 65 years, is a crucial energy infrastructure asset. The partnership aims to provide sustained economic benefits to First Nations communities, funding investments in housing, infrastructure, environmental stewardship, and cultural preservation. The transaction is expected to close by the end of Q2 2025, subject to financing completion and conditions precedent.

Enbridge (NYSE: ENB) reported strong Q1 2025 financial results with GAAP earnings of $2.3 billion ($1.04 per share), up from $1.4 billion in 2024. Adjusted EBITDA increased 18% to $5.8 billion, while distributable cash flow rose 9% to $3.8 billion. The company reaffirmed its 2025 guidance and announced several strategic investments, including: a $2.0 billion Mainline capital investment through 2028, acquisition of 10% stake in Matterhorn Express Pipeline for US$0.3 billion, and sanctioning of the Traverse Pipeline project. The Mainline achieved record quarterly throughput of 3.2 million barrels per day. Enbridge expects to maintain its 20-year streak of meeting or exceeding financial guidance, projecting 7-9% near-term EBITDA growth through 2026 and 5% annual growth thereafter.

Enbridge (NYSE: ENB) held its Annual Meeting of Shareholders where all 12 nominated directors were successfully elected. Steve Williams was appointed as the new Chair of the Board, succeeding Pamela Carter who is retiring. The election results showed strong shareholder support, with most directors receiving over 98% approval votes. Notable exceptions included Steven W. Williams with 91.57% and Gregory L. Ebel with 95.97% approval.

Enbridge is a North American energy infrastructure company that operates natural gas, oil, and renewable power networks, including a European offshore wind portfolio. The company focuses on modern energy delivery infrastructure and is expanding into new technologies like hydrogen, renewable natural gas, and carbon capture storage.

In a significant infrastructure deal, I Squared, MPLX LP (MPLX), and Enbridge Inc. (ENB) have agreed to acquire equity interests in the Matterhorn Express Pipeline from Ridgemont Equity Partners and Devon Energy (DVN). Post-transaction, the ownership structure will be distributed as follows: WhiteWater will hold 65%, while MPLX and Enbridge will each own 10% of the pipeline. WhiteWater's equity stake will be jointly supported by FIC and I Squared, and they will continue to operate the pipeline. The deal is scheduled to close in Q2 2025.

Enbridge (NYSE: ENB) announced updates regarding its Series 13 Preferred Shares. The company will not redeem these shares on June 1, 2025, allowing holders to convert their Series 13 Shares to Series 14 Shares on a one-for-one basis. For Series 13 Shares retained after June 1, 2025, holders will receive a new annual dividend rate of 5.395% for the five-year period until June 1, 2030. For any converted Series 14 Shares, holders will receive quarterly floating rate dividends, with an initial rate of 1.33841% for the period from June 1 to September 1, 2025. The conversion period runs from May 2 to May 20, 2025. Currently, there are 14 million Series 13 Shares outstanding.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) has announced its quarterly dividend declarations for Q2 2025. The company will pay a quarterly dividend of $0.9425 per common share on June 1, 2025, to shareholders of record on May 15, 2025. This dividend amount remains consistent with the March 1, 2025 payment.

The Board has also declared quarterly dividends for multiple series of Enbridge Preferred Shares, all payable on June 1, 2025, to shareholders of record on May 15, 2025. The preferred share dividends range from $0.18644 to $0.41850 CAD, with some series paying in US dollars.

Enbridge operates North American natural gas, oil, and renewable power networks, along with a European offshore wind portfolio. The company focuses on modern energy infrastructure and is expanding into new technologies including hydrogen, renewable natural gas, and carbon capture storage.

WhiteWater, MPLX LP, and Enbridge Inc. (ENB) have announced a final investment decision through their WPC joint venture to construct the Traverse Pipeline, partnering with Targa Resources Corp. The project features a bi-directional 36-inch pipeline spanning approximately 160 miles along the Gulf Coast between Agua Dulce and the Katy area.

The pipeline is designed to transport up to 1.75 billion cubic feet per day of natural gas and will be connected to multiple sources including the Whistler, Blackcomb, and Matterhorn Express Pipelines. The infrastructure will be owned by the Blackcomb Pipeline joint venture, with ownership split between WPC (70.0%), Targa (17.5%), and MPLX (12.5%). WhiteWater will handle construction and operations, with service expected to begin in 2027.