Enbridge Stock Price, News & Analysis

Enbridge Inc. will host a conference call and webcast on February 10, 2023, at 7:00 a.m. MT (9:00 a.m. ET) to discuss its 2022 fourth quarter and full-year results. Prior to the call, financial results will be announced before market opening. The format includes remarks from the executive team, followed by a Q&A session for analysts and investors. A replay and transcript will be available on Enbridge's website post-event. The company is dedicated to reducing its carbon footprint and investing in modern energy delivery infrastructure.

Enbridge showcases its commitment to veterans as featured in the show Military Makeover: Operation Career. The episode highlights employees who have successfully transitioned from military service to careers at Enbridge, with emphasis on shared values like integrity and respect. The show airs on the Lifetime Network and American Forces TV. Enbridge employs over 12,000 people and emphasizes diversity, equity, and inclusion as key components of its workforce strategy. Employee Resource Groups, especially the Veterans ERG, foster a culture of belonging and support among employees.

Enbridge Inc. has received approval from the Toronto Stock Exchange for a new normal course issuer bid (NCIB) to repurchase up to 27,938,163 common shares, totaling up to $1.5 billion. The NCIB will commence on January 6, 2023, and continue until January 5, 2024. This repurchase program aims to enhance shareholder returns and will depend on market conditions. Under the previous NCIB, Enbridge repurchased 2,737,965 shares at a weighted average price of CAD$54.90 each. The company's ongoing efforts underline its commitment to a strong balance sheet and capital management.

Enbridge has made a donation of $7,500 to St. Paul Search & Rescue to enhance their drone capabilities, aiding in locating missing persons. This contribution is part of the Safe Community First Responder Program. The integration of advanced drone technology allows for real-time GPS data, improving search efficiency and communication. Previously, Enbridge donated a rescue barge, which proved vital in a recent operation. The support reflects Enbridge's commitment to community safety and technological advancement in emergency response operations.

Enbridge supports a significant project at the Canadian Museum of Nature by providing a $36,000 grant for two Indigenous youth internships in 2023. The museum aims to digitize its vast collection of over 14.5 million specimens documenting biodiversity and geodiversity. Currently, 25% of the collection is digitized, with a focus on sophisticated imaging techniques for recording specimens. This initiative not only aids in documenting biodiversity but also provides students with essential technical skills and career development opportunities.

Enbridge Gas has partnered with EQT Corporation to purchase 15 PJ of Responsibility Sourced Gas (RSG) from November 2022 through October 2023, constituting approximately 3% of its annual gas purchases. This initiative enhances the company's commitment to a sustainable future and climate action without increasing costs for end-users. RSG exceeds current industry standards, emphasizing sustainability across the value chain, and is certified under strict ESG criteria. Enbridge aims to continue diversifying its gas supply portfolio while supporting a low-carbon future.

Enbridge Inc. announced the appointment of Pamela L. Carter as Chair of the Board effective January 1, 2023. This change coincides with the appointment of Greg Ebel as President & CEO, succeeding Al Monaco, who is retiring. Carter has been a board member since 2017 and has extensive leadership experience in various industries, including her previous role as President of Cummins Distribution Business. The company aims to leverage her expertise to enhance governance and shareholder value.