Enbridge Stock Price, News & Analysis

Enbridge Inc. announced the results of conversions for its Cumulative Redeemable Preference Shares, Series B and Series C. As of May 17, 2022, 107,904 Series B Shares were converted into Series C Shares, while 1,188,789 Series C Shares were switched to Series B. After June 1, 2022, there will be fewer than 1,000,000 Series C Shares remaining, leading to a mandatory conversion of the remaining Series C Shares into Series B Shares. Both series are listed on the Toronto Stock Exchange under symbols ENB.PR.B and ENB.PR.C.

Enbridge Inc. reported a strong first quarter 2022, with GAAP earnings of $1.9 billion ($0.95 per share), up from $1.9 billion ($0.94 per share) in 2021. Adjusted EBITDA rose to $4.1 billion, and Distributable Cash Flow increased to $3.1 billion ($1.52 per share). The company reaffirmed its 2022 guidance, anticipating EBITDA between $15.0 billion and $15.6 billion. Enbridge is advancing several projects, including a $0.3 billion expansion of the Panhandle Transmission System and the initiation of carbon capture efforts, positioning itself for both traditional and low-carbon energy growth.

Enbridge Inc. and Humble Midstream are collaborating to develop a low-carbon hydrogen and ammonia production facility at the Enbridge Ingleside Energy Center in Corpus Christi, Texas. This utility-scale facility aims to sequester up to 95% of CO2 emissions through carbon capture technology. Enbridge will leverage its existing energy assets and is in discussions with potential customers for the facility's capacity. The project aims to meet increasing global demand for low-carbon fuels, supporting energy transition and sustainability goals.

Enbridge Inc. held its Annual Meeting of Shareholders on May 4, 2022, with shareholders approving the election of all 12 nominated directors. Notable additions to the Board include Jason B. Few and Steven W. Williams, both with extensive backgrounds in the energy sector. Voting results showed a strong approval rate, with individual directors receiving between 85.36% and 99.52% of votes for their election. The meeting also acknowledged the retirement of Herb, thanking him for his service.

Enbridge Inc. (TSX: ENB) announced the redemption of all outstanding Cumulative Redeemable Preference Shares, Series J, effective June 1, 2022, at US$25.00 per share, including any accrued dividends. Holders of the Series J Shares should contact their financial intermediaries for redemption procedures. The announcement also includes forward-looking statements regarding the company's outlook, emphasizing various risks associated with market dynamics, economic factors, and energy demand. Enbridge operates key energy infrastructure across North America in liquids pipelines, gas transmission, and renewable power generation.

Enbridge Inc. (ENB) announced a quarterly dividend of $0.860 per common share, payable on June 1, 2022 to shareholders of record by May 13, 2022. This amount remains unchanged from the previous dividend declared on March 1, 2022. Additionally, various amounts for preference shares were declared, also payable on June 1, 2022. Enbridge is a major player in North American energy infrastructure, managing substantial crude oil and natural gas transportation.

Enbridge Inc. announced it will not redeem its Cumulative Redeemable Preference Shares, Series B and Series C on June 1, 2022. Shareholders can convert their shares into the other series on a one-for-one basis. Currently, 18.27 million Series B Shares and 1.73 million Series C Shares are outstanding. The new annual dividend for Series B Shares is set at 5.202% starting June 1, 2022, and the quarterly floating rate for Series C Shares will begin at 0.95277%. Conversion rights are effective from May 2, 2022, until May 17, 2022.

Enbridge Inc. will host a conference call and webcast on May 6, 2022, at 7 a.m. MT (9 a.m. ET) to provide a business update and discuss Q1 2022 financial results. Financial results will be announced before market opening on the same day. The call will include prepared remarks from the executive team and a Q&A session for analysts and investors. Media and investor relations teams will be available for additional inquiries after the call. A replay and transcript will be accessible on Enbridge's website post-event.

CALGARY, AB, April 4, 2022 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) announced that CEO Al Monaco will present at the Scotiabank CAPP Energy Symposium on April 6, 2022. The presentation starts at 8 a.m. MT (10 a.m. ET) and will be available for live listening via a provided link. A recorded replay will also be accessible on Enbridge's website after the event.

Enbridge is a key player in North America's energy sector, emphasizing safe and reliable energy delivery across various segments, including liquids pipelines and renewable power generation.