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 (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.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) has announced it will host a conference call and webcast on November 1, 2024, at 7 a.m. MT (9 a.m. ET) to provide a business update and review its 2024 third quarter results. The company will release its financial results before markets open on the same day. The event will include prepared remarks from the executive team, followed by a Q&A session for analysts and investors.
Interested parties can join the webcast or dial in for audio-only access. A replay and transcript will be available on Enbridge's website after the event. Enbridge is a North American energy infrastructure company that safely connects millions to essential energy sources through its natural gas, oil, and renewable power networks, including a growing European offshore wind portfolio.
Enbridge announced plans to build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for BP's Kaskida development. The Canyon Oil Pipeline System will use 24" and 26" pipes with a capacity of 200,000 barrels per day, transporting crude to Shell’s Green Canyon 19 platform and then to Louisiana. The Canyon Gathering System will be a 12" pipeline with a capacity of 125 million cubic feet per day, connecting to Enbridge’s Magnolia Gas Gathering Pipeline. Both projects, costing approximately $700 million, are backed by long-term contracts and offer options for future BP production connections. Design and procurement will start in early 2025, with operations expected by 2029. Enbridge highlights the diversification and strengthening of its Gulf of Mexico offshore business and significant natural gas pipeline portfolio.
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