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. (TSX: ENB, NYSE: ENB) is considering a private placement offering of hybrid subordinated debt securities in Canada. The net proceeds are intended for redeeming Cumulative Redeemable Minimum Rate Reset Preference Shares, Series 17, repaying short-term debt, and general corporate purposes. The offering is subject to market conditions, and there is no guarantee it will be completed. This announcement does not serve as a notice of redemption or an offer to sell the securities. The debt securities have not been approved by any regulatory authority.
Enbridge Inc. announced approval from the Toronto Stock Exchange for a normal course issuer bid (NCIB), allowing the company to repurchase up to 31,062,331 common shares, amounting to $1.5 billion. The NCIB is set to begin on January 5, 2022, and run until January 4, 2023, or until the maximum shares are acquired. The repurchase represents approximately 1.53% of outstanding shares as of December 22, 2021. The company aims to maintain a strong balance sheet while executing these buybacks, with purchases made at market prices.
Enbridge Inc. has successfully closed the sale of its 38.9% ownership stake in Noverco Inc. to Trencap L.P. for $1.14 billion in cash, as initially announced on June 7, 2021. The divestment aims to enhance Enbridge's financial flexibility, with proceeds allocated to repay short-term borrowings and support its secured capital program. The transaction aligns with Enbridge's strategic focus on energy infrastructure and operational efficiency. Trencap L.P. is managed by Caisse de dépôt et placement du Québec.
Enbridge (ENB) announced its 2022 financial guidance along with a 3% increase in its quarterly dividend to $0.86, marking the 27th consecutive annual increase. The 2022 EBITDA is projected between $15.0 billion and $15.6 billion, indicating a 9-10% growth from 2021. The company aims for an average annual DCF per share growth of 5-7% through 2024. Enbridge sanctioned $1.1 billion in new capital projects and intends to repurchase up to $1.5 billion of its shares under a normal course issuer bid. A partnership for carbon capture and sequestration in Alberta was also announced.
Enbridge Inc. (ENB) announced a quarterly dividend of $0.860 per common share, payable on March 1, 2022, with a record date of February 15, 2022. This marks a 3% increase from the previous dividend rate, continuing a trend of increasing dividends for the 27th consecutive year. In addition to common shares, dividends were also declared for various preference shares with amounts ranging from $0.15719 to US$0.37182. This increase reflects Enbridge's commitment to returning value to shareholders.
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Enbridge Inc. will host its annual investor conference on December 7, 2021, at 8:30 am ET, to discuss its strategic plan, business unit priorities, and financial outlook. The conference will be webcast, with supporting materials available on Enbridge's website following the event. A replay of the webcast will be accessible by 4:00 pm ET on the same day. Enbridge is a major North American energy infrastructure company, managing significant pipelines and renewable energy assets.
Enbridge and Capital Power announced a memorandum of understanding to collaborate on carbon capture and storage (CCS) solutions in the Wabamun area, Alberta. The project aims to capture up to 3 million tonnes of CO2 annually from Capital Power's Genesee Generating Station, which produces over 1,200 megawatts of electricity. Enbridge will manage the transportation and storage of CO2, pending government approvals. The proposed carbon hub project could start operations by 2026, enhancing the region's sustainability efforts.
Enbridge Inc. responded to the Canada Energy Regulator's (CER) decision on Nov 26, 2021, denying its application for firm service contracting on the Canadian Mainline system. Despite recognizing the value of firm service, the CER found potential inequities in the proposal. Enbridge plans to engage stakeholders to negotiate a new commercial framework and may prepare a Cost of Service application if a new agreement is not achievable. The company expects strong throughput and positive financial outcomes in the coming years.
Enbridge Inc. (TSX: ENB, NYSE: ENB) announced a decision from the Canada Energy Regulator (CER) regarding its commercial proposal for transportation contracting on its Mainline pipeline system, which transports 3 million barrels of liquids daily. This proposal, submitted in December 2019, received support from over 75% of Mainline shippers by volume. Enbridge is currently reviewing the CER's decision and will comment further after the review is complete.