Enbridge Stock Price, News & Analysis

Enbridge (ENB) announced its 2025 financial guidance and a 3% dividend increase, raising the quarterly dividend to $0.9425 per share ($3.77 annualized) effective March 1, 2025. The company expects 2025 adjusted EBITDA of $19.4-20.0 billion and distributable cash flow (DCF) per share of $5.50-5.90.

The company reaffirmed its 2024 guidance, expecting to finish near the top end of EBITDA range ($17.7-18.3 billion). For 2023-2026, Enbridge maintains its growth outlook of 7-9% for EBITDA, 4-6% for adjusted EPS, and approximately 3% for DCF per share. The company plans to deploy $7 billion in capital investments for 2025.

Enbridge (ENB) has announced a 3% increase in its quarterly dividend, raising it to $0.9425 per common share. The dividend is payable on March 1, 2025, to shareholders of record on February 14, 2025. This marks the thirtieth consecutive year of dividend increases for the company. The announcement includes dividend declarations for multiple series of preference shares, all payable on the same date.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) announced that no conversion of its outstanding Cumulative Redeemable Preference Shares, Series 9 into Series 10 Shares will occur on December 1, 2024. This decision comes after receiving insufficient conversion notices from Series 9 shareholders, with less than the required 1,000,000 shares being tendered for conversion by the November 18, 2024 deadline.

Enbridge announced it will not redeem its Series 9 Preferred Shares on December 1, 2024. Holders can convert their Series 9 Shares to Series 10 Shares one-for-one, subject to minimum holding conditions. The new annual dividend rate for Series 9 Shares will be 5.672% for the period from December 1, 2024, to December 1, 2029. For Series 10 Shares, the dividend rate will be 1.55342% for the first quarter, based on treasury bills plus 2.66%. The conversion period runs from November 1 to November 18, 2024.

Enbridge reported strong Q3 2024 financial results with GAAP earnings of $1.3 billion ($0.59 per share), up from $0.5 billion in 2023. Adjusted EBITDA increased 8% to $4.2 billion. The company closed key acquisitions including Public Service Company of North Carolina for US$3.2 billion and sanctioned new projects including the US$1.1 billion Sequoia Solar project. Enbridge reaffirmed its 2024 guidance, expecting to finish near the top end of EBITDA range ($17.7-18.3 billion) and around midpoint for DCF per share. The company maintains strong asset utilization with Mainline volumes exceeding 3 million barrels per day in 2024.

Enbridge (TSX: ENB) (NYSE: ENB) has declared its quarterly dividend payments. The common share dividend remains steady at $0.9150 per share, payable on December 1, 2024, to shareholders of record on November 15, 2024. This amount matches the September 1, 2024 dividend. The Board also declared quarterly dividends for multiple series of Preference Shares, all payable on the same date. Enbridge continues its role in connecting millions to energy through its North American natural gas, oil, and renewable power networks, along with its European offshore wind portfolio.

The National Centre for Truth and Reconciliation (NCTR) in Winnipeg is supporting Truth and Reconciliation Week from Sept. 23 to 27, 2024, followed by the National Day for Truth and Reconciliation on Sept. 30. The NCTR, evolved from the Truth and Reconciliation Commission of Canada, aims to preserve the history of residential schools and promote reconciliation.

Kaila Johnston, the centre's director of education and public programming, emphasizes the importance of education in combating denialism and preventing the repetition of past injustices. The NCTR will offer educational sessions for adults and students, covering topics such as the impacts of residential schools, unconscious bias, and barriers to reconciliation.

Enbridge has provided a $50,000 Fueling Futures grant to support the NCTR's Truth and Reconciliation Week events, focusing on making education sessions more accessible across Canada. This aligns with Enbridge's Indigenous Reconciliation Action Plan and commitment to strengthening relationships with Indigenous communities.

Enbridge has awarded a $7,500 Fueling Futures grant to the Westbrook Fire Department in Maine to help purchase a $12,000 forcible entry training prop door. This specialized equipment allows first responders to practice breaking through locked doors quickly and safely during emergencies. The grant, part of Enbridge's Safe Community First Responder Program, addresses a critical training need for the department, which responds to nearly 6,000 calls annually.

Assistant Fire Chief Gary Wagner emphasized the importance of this skill, stating that knowing how to get through a door can be "the difference between life and death" in various emergency scenarios. The prop door enables regular practice at the station, enhancing the department's ability to respond effectively to emergencies and potentially save lives in the Westbrook community.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) is collaborating with Microsoft to leverage artificial intelligence (AI) for enhancing safety, reducing emissions, and optimizing assets across its operations. Building on a digital transformation initiated in 2020, Enbridge has migrated over 80% of its workloads to Microsoft Azure cloud platform, strengthening its computing capabilities and cybersecurity measures. The company has implemented AI-powered initiatives including:

1. Energy Optimizer: Provides real-time operational insights for efficient energy transportation, leading to cost savings and GHG reductions.

2. Right of Way Monitoring: Enhances pipeline surveillance efficiency, improving threat detection and response.

3. Integrity Engine: Uses intelligent automation for pipeline integrity, enabling rapid and effective asset maintenance.

Enbridge has also rolled out Microsoft 365 Copilot to nearly one-third of its employees and provided access to Bing Enterprise and ChatENB to its entire workforce.