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.
EDF Renewables and Enbridge, alongside CPP Investments, have successfully launched France's first commercial-scale offshore wind project, the Saint-Nazaire Offshore Wind Farm, now fully operational with a capacity of 480 megawatts. This project is vital for France's energy transition, aiming for 32% of renewable energy by 2030. The wind farm will power 700,000 people and produce 20% of Loire-Atlantique's electricity annually. Construction involved 2,300 jobs and significant local industrial engagement, reinforcing France's offshore wind capabilities.
Enbridge reported strong Q3 2022 results, achieving GAAP earnings of $1.3 billion ($0.63 per share), up from $0.7 billion in Q3 2021, and adjusted earnings of $1.4 billion ($0.67 per share). Distributable cash flow (DCF) reached $2.5 billion ($1.24 per share), exceeding last year's figures. Notably, the company secured $3.8 billion in new growth projects, including a significant expansion of the B.C. Pipeline. Enbridge reaffirmed its 2022 guidance for adjusted EBITDA between $15.0 billion and $15.6 billion. The CEO highlighted confidence in future growth amidst volatile energy markets.
On November 4, 2022, Enbridge announced an open season for natural gas transportation service on its T-North segment of the B.C. Pipeline, targeting potential expansion of 500 million cubic feet per day. This expansion aims to meet rising regional demand and facilitate West Coast LNG exports, with an estimated capital cost up to CAD $1.9 billion. The open season will run from November 4, 2022, to January 10, 2023, contingent upon sufficient customer interest.
Enbridge Inc. has successfully completed an open season for increased transportation capacity on the T-South segment of its B.C. Pipeline, leading to a 300 MMcf/d expansion at a cost of up to CAD $3.6 billion. The project, supported by long-term contracts averaging 65 years, aims to meet growing energy demand with low-emission natural gas. The expansion is pending regulatory approvals, with a target in-service date set for 2028. Enbridge emphasizes the strategic importance of its B.C. natural gas system in delivering energy securely and sustainably.
Enbridge Inc. (ENB) announced a quarterly dividend of $0.860 per common share, payable on December 1, 2022, to shareholders of record as of November 15, 2022. This dividend remains unchanged from the previous declaration in September 2022. The company also declared dividends for various series of its preferred shares, all payable on the same date. This consistent dividend strategy reflects Enbridge's commitment to returning value to shareholders while maintaining financial stability.
Enbridge Inc. will hold a conference call and webcast to discuss its 2022 third quarter results on November 4, 2022, at 7:00 a.m. MT (9:00 a.m. ET). The company plans to announce its financial results before markets open on the same day. The call will include remarks from the executive team and a Q&A session exclusively for analysts and investors. A replay of the event will be available afterward on Enbridge's website. Enbridge trades under the symbol ENB on the TSX and NYSE.
Enbridge Inc. announced the retirement of President and CEO Al Monaco, effective January 1, 2023, after 27 years with the company. The Board appointed Greg Ebel, current Board Chair, as the new President and CEO. Ebel will continue as a Board member, while Monaco will serve as an advisor until March 1, 2023. Monaco highlighted significant achievements during his tenure, including a $37 billion merger and expansion into renewable energy. Ebel expressed enthusiasm for leading Enbridge into its next growth phase, focusing on energy transition and enhancing shareholder value.
Tri Global Energy (TGE), a top renewable energy developer in the U.S., has been acquired by Enbridge (TSX: ENB, NYSE: ENB), Canada’s largest energy company. For Q2 2022, TGE ranked 10th nationally for renewable energy development, 3rd for onshore wind, and 1st in Texas. Established in 2009, TGE has developed 8.7 GW across 37 projects in seven states, including Texas, Illinois, and Indiana. This acquisition is seen as a strategic move to enhance growth in the transition to a low-carbon economy.
Enbridge Inc. has acquired Tri Global Energy (TGE) for US$270 million in cash and assumed debt, with additional contingent payments of US$50 million. TGE, the third largest onshore wind developer in the US, boasts a renewable generation portfolio exceeding 7 GW. This acquisition is expected to accelerate Enbridge's growth strategy in North America, enhancing its renewable platform and development pipeline, which includes projects that could generate significant cash flow starting in the first year post-acquisition.
Enbridge Inc. has announced a landmark agreement with 23 First Nation and Métis communities to acquire an 11.57% non-operating interest in seven pipelines in Alberta for $1.12 billion. This investment, facilitated by Athabasca Indigenous Investments (Aii), represents the largest Indigenous energy partnership in North America. The transaction aims to promote economic sovereignty and environmental stewardship among Indigenous communities. The closing is expected within a month, with long-term contracts supporting predictable cash flows from the pipeline assets.