Enbridge Inc. operates North American energy infrastructure that includes liquids pipelines, natural gas transmission, gas distribution and storage, and renewable power assets. Company updates regularly address financial results, guidance, dividends on common and preferred shares, and capital allocation tied to its secured project backlog.
Recurring developments also cover capacity expansions and regulatory approvals across systems such as the Canadian Mainline, Westcoast natural gas pipeline system, Vector Pipeline and Dawn Hub storage. Enbridge also reports on utility rate cases, shareholder meeting results, annual disclosure documents, and energy-transition technologies including hydrogen, renewable natural gas and carbon capture and storage.
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.
Enbridge has been authorized by the Government of Alberta to develop a carbon dioxide (CO2) sequestration hub near Edmonton. The Open Access Wabamun Carbon Hub will support carbon capture projects in collaboration with Capital Power and Lehigh Cement, aiming to prevent nearly 4 million tonnes of CO2 emissions starting as early as 2025. The project will co-develop facilities with Indigenous partners, fostering job creation and economic growth while advancing Alberta’s emissions reduction goals.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) has filed its Form 10-K for the year ended December 31, 2021, with the U.S. SEC and submitted its audited Consolidated Financial Statements and Management's Discussion and Analysis with Canadian authorities. These documents are accessible on the SEC and SEDAR websites, as well as Enbridge's official site. The company will host its Annual Shareholders Meeting virtually on May 4, 2022, at 1:30 p.m. MDT. Enbridge operates across multiple sectors, including Liquids Pipelines and Renewable Power Generation, significantly influencing North America's energy infrastructure.
Enbridge reported strong full-year 2021 financial results, with GAAP earnings of $5.8 billion ($2.87/share), up from $3.0 billion ($1.48/share) in 2020. Adjusted earnings rose to $5.6 billion ($2.74/share), while EBITDA reached $14.0 billion. The company reaffirmed 2022 guidance for EBITDA between $15.0 billion and $15.6 billion, and DCF/share of $5.20 to $5.50. Enbridge also raised its quarterly dividend by 3% to $0.86. Approximately $10 billion in capital projects were placed into service, supporting future growth and cash flow.
Enbridge Inc. (TSX: ENB) has partnered with the First Nation Capital Investment Partnership (FNCIP) to establish the Open Access Wabamun Carbon Hub in Alberta. This initiative allows Indigenous communities, including four Treaty 6 Nations, to have an ownership stake in carbon transportation and storage projects. Enbridge aims to support carbon capture projects from Capital Power and Lehigh Cement, potentially avoiding nearly 4 million tonnes of CO2 emissions. The collaboration highlights a commitment to economic sovereignty and environmental stewardship.