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.
On August 17, 2022, Enbridge announced that none of its outstanding Cumulative Redeemable Preference Shares, Series L will convert into Series M Shares on September 1, 2022. The company received less than 1,000,000 Series L Shares needed for the conversion before the August 17 deadline. Enbridge, headquartered in Calgary, focuses on connecting people to energy while investing in sustainable infrastructure and advancing renewable technologies to achieve net-zero emissions by 2050.
Enbridge Inc. has completed a joint venture merger with Phillips 66, enhancing its indirect ownership in Gray Oak Pipeline to 58.5% and transferring operational control. The merger is set to boost Enbridge's distributable cash flow per share and will result in a $400 million cash inflow, improving financial flexibility. This strategic move aligns with Enbridge's goal to optimize assets and capitalize on the anticipated growth of Permian oil supply, expected to increase by 2 million barrels per day by 2030, supporting enhanced Gulf Coast oil exports.
Enbridge announced that it will not redeem its Cumulative Redeemable Preference Shares, Series L on September 1, 2022. Holders have the option to convert to Series M Shares on a one-for-one basis. The annual dividend for Series L Shares will be reset to 5.85790%, while Series M Shares will feature a floating quarterly dividend rate starting at 1.41611%. The conversion period runs from August 2 to August 17, 2022. An estimated 16,000,000 Series L Shares are currently outstanding.
Enbridge reported Q2 2022 financial results with GAAP earnings of $0.5 billion ($0.22 per share), down from $1.4 billion ($0.69 per share) in 2021. Adjusted earnings remained steady at $1.4 billion ($0.67 per share). The company secured $3.6 billion in growth projects, reaffirming its EBITDA guidance of $15.0-$15.6 billion for 2022. Cash flow from operations was consistent at $2.5 billion, though increased debt and higher taxes posed challenges. The company continues to focus on low-risk investments and strategic expansions in natural gas and LNG to meet rising energy demands.
Pacific Energy and Enbridge have formed a partnership to invest in the Woodfibre LNG project, a 2.1 million-tonne-per-year liquefied natural gas export facility in Squamish, B.C., with a projected cost of $5.1 billion. Enbridge will hold a 30% ownership stake, with Pacific Energy owning the remaining 70%. This project is backed by two long-term offtake agreements with BP Gas Marketing for 70% of its capacity and is expected to commence operations in 2027. The facility aims to be one of the lowest-emission LNG export sites globally, utilizing renewable hydroelectric power.
Enbridge Inc. (TSX: ENB) declared a quarterly dividend of $0.860 per common share, to be paid on September 1, 2022, for shareholders recorded by August 15, 2022. This amount matches the previous dividend declared on June 1, 2022. Additionally, the company announced quarterly dividends for its preferred shares, also payable on September 1, 2022.
Enbridge Inc. will host a conference call and webcast to discuss its 2022 second quarter results on July 29, 2022, at 7:00 a.m. MT (9:00 a.m. ET). The call will include remarks from the executive team and a Q&A session for analysts and investors. Financial results will be announced before the markets open on the same day. A replay and transcript of the event will be available on Enbridge's website afterward. The company focuses on providing energy solutions across North America and aims for net-zero emissions by 2050.
Enbridge Inc. (TSX: ENB, NYSE: ENB) announced that Al Monaco, President and CEO, participated in a fireside chat at the J.P. Morgan 2022 Energy, Power & Renewables Conference in New York City on June 22, 2022. A replay of this discussion is available on the Enbridge website under Events and Presentations. Enbridge focuses on connecting millions to energy, investing in renewable technologies, and aims for net-zero greenhouse gas emissions by 2050. The company is headquartered in Calgary, Alberta.
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Enbridge Inc. (NYSE: ENB) announced advancements on two projects to transport natural gas to Venture Global's Plaquemines LNG facility. The Venice Extension and Gator Express Meter Projects aim to deliver 1.5 billion cubic feet per day and are expected to be operational in 2024 and 2023, respectively. The total cost of these projects is estimated at US$400 million, supported by long-term contracts. Enbridge cites its strategic positioning in the North American LNG market as essential for energy security and climate goals.