Enbridge Stock Price, News & Analysis

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.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) has announced the filing of its Form 10-K and audited Consolidated Financial Statements for the year ended December 31, 2024. The company has submitted these documents to both the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.

The documents are accessible through multiple channels, including www.sec.gov, www.sedarplus.ca, and the company's website. Physical copies can be obtained free of charge by contacting Investor Relations. The company also announced its Annual Meeting of Shareholders, scheduled for May 7, 2025, at 1:30 p.m. (MDT), which will be held virtually via live audio webcast.

Enbridge (ENB) reported strong financial results for 2024, with full-year adjusted earnings of $6.0 billion ($2.80 per share), up from $5.7 billion ($2.79 per share) in 2023. The company achieved record EBITDA of $18.6 billion, a 13% increase from 2023, and distributable cash flow of $12.0 billion, up 6% year-over-year.

Key highlights include completing a $19 billion acquisition of three U.S. gas utilities, increasing the quarterly dividend by 3% to $0.9425 per share (marking the 30th consecutive annual increase), and placing $5 billion of organic projects into service. The company sanctioned $8 billion of new projects during 2024.

Mainline volumes averaged 3.1 million barrels per day in 2024. The company reaffirmed its 2025 financial guidance with adjusted EBITDA expected between $19.4-20.0 billion and DCF per share between $5.50-5.90.

Enbridge (TSX: ENB) (NYSE: ENB) announced it will not redeem its Series 11 Preferred Shares on March 1, 2025. Holders of Series 11 Shares can convert their shares one-for-one into Series 12 Shares, subject to certain conditions. Currently, there are 20,000,000 Series 11 Shares outstanding.

For Series 11 Shares remaining after March 1, 2025, holders will receive quarterly fixed cumulative preferential cash dividends at a new annual rate of 5.477% for the period from March 1, 2025, to March 1, 2030. This rate equals the five-year Government of Canada bond yield of 2.837% plus 2.64%.

For any Series 12 Shares issued, holders will receive quarterly floating rate cumulative preferential cash dividends. The initial rate for March 1, 2025, to June 1, 2025, will be 1.41151%, based on three-month Government of Canada treasury bills plus 2.64%.

Flyscan Systems announced that Kinder Morgan (NYSE: KMI) has joined its strategic investor group, which includes Marathon Petroleum, Enbridge, and Hatch. The investment will support Flyscan's growth and accelerate its entry into the Natural Gas detection and quantification market.

Flyscan, founded in 2015 as a spin-off from Canada's National Optics Institute, is pioneering technology for pipeline leak detection and right-of-way damage prevention. The company utilizes remote sensing and artificial intelligence to detect liquid hydrocarbons and automate visual inspection from regulatory patrol planes.

KMI's COO James Holland emphasized the state-of-the-art nature of Flyscan's technologies and their importance in protecting employees, the environment, and communities. The partnership aims to leverage KMI's strategic footprint across multiple fuel types and extensive presence in the US market.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) has announced it will host a conference call and webcast on February 14, 2025, at 7 a.m. MT (9 a.m. ET) to discuss its 2024 fourth 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 include prepared remarks from the executive team, followed by a Q&A session exclusively for analysts and investors. The event will be accessible via webcast and dial-in options, with North American toll-free access at 1-800-606-3040 and international access at 1-646-307-1689 (Conference ID: 9581867). A webcast replay and transcript will be made available on Enbridge's website after the event.

EDF Renewables North America and Enbridge Inc (TSX: ENB) (NYSE: ENB) announced that the Amazon Solar Farm Ohio - Fox Squirrel Solar project achieved full operational status in December 2024. The ground-mounted solar facility, with a total capacity of 577 MWac/749 MWdc, is one of the largest utility-scale solar developments east of the Mississippi River.

The project, located in Madison County, features 1.4 million panels and 159 inverters, making it EDF Renewables' largest onshore renewable energy project in North America. During peak construction, approximately 650 workers installed about 10,000 panels daily, totaling nearly 1.5 million work hours. The project was completed in three phases between December 2023 and December 2024.

The full generation capacity will be delivered to Amazon through power purchase agreements, supporting Amazon's Climate Pledge commitment and Ohio's economic growth goals.