Welcome to our dedicated page for Enbridge news (Ticker: ENB), a resource for investors and traders seeking the latest updates and insights on Enbridge stock.
Enbridge Inc. (ENB) generates frequent news and disclosures as a major energy infrastructure company in the natural gas distribution and utilities sector. Company news releases emphasize its role in connecting millions of people to the energy they rely on through North American natural gas, oil and renewable power networks and a growing European offshore wind portfolio. Enbridge is headquartered in Calgary, Alberta, and its common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol ENB.
On this news page, readers can follow Enbridge announcements related to financial guidance, quarterly results, dividends, capital projects and leadership changes. Recent releases have covered topics such as 2026 financial guidance and dividend increases, third quarter and fourth quarter earnings webcasts, and reaffirmation of multi-year financial outlooks that reference non-GAAP measures like EBITDA, adjusted EBITDA and distributable cash flow.
Project-focused news highlights Enbridge’s activity across its core businesses. Examples include Mainline Optimization Phase 1 to add capacity for Canadian heavy oil deliveries to U.S. refining markets, gas transmission projects like the Algonquin Gas Transmission (AGT) Enhancement, and participation in joint venture pipelines such as the Eiger Express Pipeline from the Permian Basin to the U.S. Gulf Coast. The company also issues updates on storage expansions, carbon capture hubs and renewable power developments.
Investors and analysts can use this page to review Enbridge’s regular dividend declarations on common and preferred shares, as well as announcements about executive leadership changes and financing transactions. By tracking these news items in one place, users gain context on how Enbridge manages its natural gas distribution, liquids pipelines, gas transmission and renewable power businesses over time.
Divert Inc. has announced a significant $1 billion infrastructure development agreement with Enbridge Inc. to combat food waste and reduce carbon emissions in North America. This transformative project focuses on developing facilities that convert wasted food into renewable natural gas (RNG), aiming to offset nearly 400,000 metric tons of CO2 annually. Additionally, Divert secured $80 million in growth equity from Enbridge and $20 million from Ara Partners. The company's expansion plans include establishing facilities within 100 miles of 80% of the U.S. population and enhancing their retail presence, with nearly 5,400 retail stores involved.
Enbridge supports the Brotherhood for the Fallen, a nonprofit founded in 2010 to assist families of police officers killed in duty. With nine chapters across the U.S., their mission includes attending funerals and providing financial aid. In 2022, Enbridge contributed $1,500 to the Boston chapter, following a $5,000 grant in 2021, aimed at supporting families and funding events that honor fallen officers. The Boston chapter has grown from four to over 1,000 members, highlighting community ties and ongoing support for grieving families through fundraising events.
Enbridge CEO, Greg Ebel, emphasized the growing global demand for Canadian liquefied natural gas (LNG) during a panel discussion in Ottawa. With countries like Germany, Japan, and South Korea seeking alternatives to Russian energy, Canada's role is crucial. Ebel highlighted the need for energy security, noting that 733 million people lack electricity access. He argued that Canadian LNG can reduce global emissions, thanks to its hydroelectric power, efficient production, and shorter shipping routes. However, challenges remain, particularly with Canada's regulatory framework, which must be reformed to attract investment and expedite project development.
Enbridge has strengthened its commitment to community support by donating $15,000 to Women Aware, a leading domestic violence services agency in New Jersey. The funding supports the organization’s goals for 2023, which include sheltering 215 women and children, answering 6,000 hotline calls, and providing non-residential services to 1,800 victims. In the past year, Women Aware helped a record 278 individuals. The organization has adapted services, including a hotel placement program during the pandemic, ensuring they remain operational. Enbridge's contributions also include a $5,000 grant for the Moving Beyond Abuse charity walk.
Enbridge has sponsored the Feed The City Tour in Michigan, providing $50,000 to Bridge The Gap to serve free meals and foster community relations. The initiative, which promotes positive engagement between law enforcement and residents, has grown significantly since its inception, with numerous cuisines offered to attendees. Highlighting past events in Saginaw, Bay City, and Midland, the tour aims to enhance community ties. The program's success is reflected in its increasing attendance, and plans for a 2023 edition are underway.
Enbridge Inc. announced that none of its outstanding Cumulative Redeemable Preference Shares, Series D (Series D Shares) will convert into Series E Shares on March 1, 2023. The company received conversion notices from holders of Series D Shares, but fewer than the 1,000,000 Series D Shares needed for the conversion were tendered by the deadline of February 14, 2023. Enbridge continues to focus on connecting people to energy safely while investing in renewable energy technologies and aiming for net-zero greenhouse gas emissions by 2050.
Enbridge Inc. will host its annual investor conference on March 1, 2023, at 8:30 a.m. ET. The event will focus on the company's strategic plan, business unit priorities, and financial outlook. The conference will be accessible via live webcast on Enbridge's official website. Key details include:
- Date: March 1, 2023
- Time: 8:30 a.m. ET (6:30 a.m. MT) to 12:00 p.m. ET (10:00 a.m. MT)
Supporting materials will be available online on the event day, and a replay of the webcast will be accessible from March 2, 2023. Enbridge is committed to advancing renewable energy and achieving net zero greenhouse gas emissions by 2050.
Enbridge recently supported the Dr. Martin Luther King, Jr. Community Center in Newport, RI, with a $7,500 Fueling Futures grant. This non-profit, which has served the community since 1922, provides essential programs like hunger relief, education, and wellness. In 2022, it assisted nearly 6,000 individuals, many of whom are from BIPOC backgrounds. The center's hunger services include a daily hot breakfast and the country's largest food pantry, distributing over 85,000 pounds of produce and 657,240 meals last year. With increasing client numbers due to economic challenges, the MLK Center aims to meet growing community needs with dignity and respect.
On February 10, 2023, Enbridge Inc. filed its Form 10-K for the year ending December 31, 2022, with the U.S. Securities and Exchange Commission. The company also submitted its audited Consolidated Financial Statements and Management's Discussion and Analysis to Canadian securities authorities. These documents can be accessed via the SEC and Sedar websites, or directly from the company's website. Additionally, Enbridge announced its Annual Meeting of Shareholders will take place virtually on May 3, 2023, at 1:30 p.m. MDT.
Enbridge reported strong fourth-quarter and full-year 2022 results, with GAAP earnings of $2.6 billion ($1.28 per share), down from $5.8 billion ($2.87 per share) in 2021. Adjusted earnings rose to $5.7 billion ($2.81 per share), a minor increase from $5.6 billion ($2.74 per share) in the previous year. The company generated $11.2 billion in cash from operations, versus $9.3 billion in 2021. Enbridge reaffirmed its 2023 guidance for EBITDA between $15.9 billion and $16.5 billion, and increased its quarterly dividend by 3.2% to $0.8875. The company’s debt-to-EBITDA ratio stands at 4.7x, reflecting a strong financial position.