Enbridge Stock Price, News & Analysis

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.

Enbridge (TSX: ENB) (NYSE: ENB) has announced it will host a conference call and webcast on May 9, 2025, at 7 a.m. MT (9 a.m. ET) to discuss its 2025 first quarter results and provide a business update. The company will release its financial results before markets open on the same day.

The conference call will feature prepared remarks from the executive team, followed by a Q&A session exclusively for analysts and investors. The company's media and investor relations teams will be available after the call for additional questions.

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

Enbridge Inc. (ENB) has announced the appointment of Steven W. Williams as Chair of the Board, effective May 7, 2025, following the retirement of current Board Chair Pamela L. Carter. Williams, who has served as a director since 2022, currently chairs the Human Resources & Compensation Committee and serves on the Safety & Reliability Committee.

Williams brings over 40 years of international energy industry experience, including his role as President & CEO of Suncor Energy from 2012 to 2019, and 18 years at Esso/Exxon. The transition comes as Carter concludes her eight-year tenure on the board, having served since 2017.

Enbridge (ENB) has announced a significant expansion of its growth outlook through 2030, highlighting a $29 billion secured investment backlog. The company revealed $2.5 billion in new accretive investments, including up to $2.0 billion for Mainline capital investment through 2028, a $0.4 billion Birch Grove expansion of the T-North Pipeline, and a $0.1 billion expansion of the T15 project in North Carolina.

The company is evaluating approximately $50 billion of diversified future investment opportunities through 2030 across its Liquids Pipelines, Gas Transmission, Gas Distribution, and Renewables segments. Enbridge reaffirmed its financial outlook, projecting 7-9% annual EBITDA growth, 4-6% adjusted EPS growth, and ~3% DCF growth through 2026, followed by 5% average annual growth across all metrics through the decade.

The company expects to maintain its strong balance sheet with a debt-to-EBITDA target of 4.5x-5.0x while generating $9-$10 billion in annual investment capacity. Enbridge anticipates returning approximately $40-$45 billion to shareholders over the next five years through growing dividends.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) has announced its upcoming annual investor conference, scheduled for March 4, 2025, at 9 a.m. ET. The event will provide a comprehensive overview of the company's strategic plan, business unit priorities, and financial outlook.

The conference will be accessible via webcast on Enbridge's website under the 'Events and Presentations' section. Presentation materials will be made available on the morning of the event, with a replay and transcript posted shortly after its conclusion.

Enbridge operates extensive North American natural gas, oil, and renewable power networks, along with a growing European offshore wind portfolio. The company is actively investing in modern energy infrastructure and advancing new technologies, including hydrogen, renewable natural gas, and carbon capture and storage. Based in Calgary, Alberta, Enbridge trades under the symbol ENB on both the Toronto and New York stock exchanges.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) announced that no Series 11 Cumulative Redeemable Preference Shares will be converted into Series 12 Shares on March 1, 2025. This decision comes after the conversion notices received by the February 14, 2025 deadline fell short of the required 1,000,000 Series 11 Shares threshold needed to initiate the conversion into Series 12 Shares.

Enbridge operates North American natural gas, oil, and renewable power networks, along with a European offshore wind portfolio. The company focuses on modern energy delivery infrastructure, leveraging over a century of conventional energy experience and two decades in renewable power. They are also developing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.