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.
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.
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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.
Enbridge and Oxy Low Carbon Ventures announced plans to jointly develop a carbon dioxide (CO2) sequestration hub in the Corpus Christi area, Texas. A letter of intent has been signed to explore this project, aiming to provide a complete CO2 solution for local emitters through a pipeline transportation system and sequestration facility. Enbridge will manage pipeline operations, while OLCV will handle sequestration facilities. The initiative is expected to support other emitters in the area and contribute to decarbonization efforts, aligning with both companies' net-zero strategies.
Enbridge Inc. announced a 3.2% increase in its annual dividend, raising it from $3.44 to $3.55 per share, effective March 1, 2023. The company reaffirmed its 2022 financial guidance, projecting 2023 EBITDA between $15.9 billion and $16.5 billion, alongside DCF per share of $5.25 to $5.65. Enbridge also intends to renew its normal course issuer bid for up to $1.5 billion in share buybacks. The CEO emphasized the company's strategic role in energy supply amid a global crisis and outlined plans for continued business growth despite economic challenges.
Enbridge Inc. (TSX: ENB) has declared a quarterly dividend of $0.8875 per common share, marking a 3.2% increase from the previous rate. This dividend is payable on March 1, 2023, to shareholders on record by February 15, 2023. This announcement signifies the twenty-eighth consecutive year of dividend increases, reflecting the company's commitment to returning value to shareholders. Preference shares also have designated dividends, ensuring a broad base of shareholder income.
Enbridge Inc. has finalized its partnership with Pacific Energy Corporation to invest in the Woodfibre LNG project in Squamish, B.C. Enbridge will hold a 30% stake while Pacific Energy retains 70%. The companies will contribute capital through asset financing and equity investments, with Enbridge receiving preferred equity for predictable cash flows. Preliminary construction has begun, and the project targets a Q4 2027 in-service date. The partnership underscores Enbridge's commitment to energy infrastructure and investment in liquefied natural gas.