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) has announced the conversion results for its Series 3 Preferred Shares. 1,502,775 Series 3 Shares were tendered for conversion into Series 4 Shares on a one-for-one basis, effective September 1, 2024. Following this conversion, Enbridge will have 22,497,225 Series 3 Shares and 1,502,775 Series 4 Shares outstanding. The Series 3 Shares will continue trading on the Toronto Stock Exchange (TSX) under the symbol ENB.PR.Y. The TSX has conditionally approved the listing of the Series 4 Shares, which are expected to begin trading on September 3, 2024, subject to meeting all TSX listing requirements.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) has announced that it will not redeem its outstanding Cumulative Redeemable Preference Shares, Series 3 (TSX: ENB.PR.Y) on September 1, 2024. Holders of Series 3 Shares can convert them to Series 4 Shares on a one-for-one basis, subject to certain conditions. The new annual dividend rate for Series 3 Shares will be 5.288% for the five-year period from September 1, 2024, to September 1, 2029. For any Series 4 Shares issued, the dividend rate for the first three-month period will be 1.68822%, based on the three-month Government of Canada treasury bills rate plus 2.38%. The conversion period runs from August 2, 2024, to August 19, 2024, at 5:00 p.m. (EST).
Enbridge reported strong Q2 2024 results, reflecting an 8% increase in adjusted EBITDA to $4.3 billion and a 3% rise in distributable cash flow to $2.9 billion. GAAP earnings remained steady at $1.8 billion. The company recast its 2024 financial outlook, anticipating adjusted EBITDA between $17.7 billion and $18.3 billion, incorporating contributions from U.S. Gas Utilities acquisitions. Enbridge completed the acquisition of Questar Gas for $4.3 billion on May 31, 2024, and sanctioned significant projects including the Blackcomb Pipeline and Orange Grove solar farm.
Despite higher financing costs and taxes, Enbridge maintained growth projections, reflecting its strategic priorities and operational robustness. The company terminated its ATM equity issuance program, reverting to equity self-funding. Positive outcomes from acquisitions and project sanctions are expected to support long-term growth and profitability.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) has declared its quarterly dividends for common and preferred shares. The common share dividend remains steady at $0.9150 per share, payable on September 1, 2024 to shareholders of record on August 15, 2024. This amount is consistent with the June 1, 2024 dividend. The company also announced dividends for various series of preferred shares, all payable on the same date.
Enbridge, headquartered in Calgary, Alberta, is a major North American energy infrastructure company. It operates natural gas, oil, and renewable power networks, and is expanding its European offshore wind portfolio. The company is investing in modern energy delivery infrastructure and advancing new technologies including wind, solar, hydrogen, renewable natural gas, and carbon capture and storage.
Enbridge Inc. (TSX:ENB)(NYSE:ENB) and Six Nations Energy Development LP have announced plans to develop the Seven Stars Energy Project, a 200-megawatt wind energy project in Saskatchewan. The project, located southeast of Weyburn, is expected to provide emissions-free power for over 100,000 homes. Six Nations, a consortium of First Nations and Métis partners, has the opportunity to acquire at least 30% equity ownership in the project.
The Saskatchewan Indigenous Investment Finance (SIIFC) will support the partners with loan guarantees of up to $100 million. The project is targeted to be operational in 2027, subject to approvals and agreements. Enbridge is working to secure a long-term power purchase agreement with SaskPower, with final investment decisions anticipated in 2025.
Enbridge and six Indigenous communities in Saskatchewan have announced the Seven Stars Energy Project, a new 200 MW wind energy development southeast of Weyburn. This marks Enbridge's first Indigenous partnership for wind energy generation in Saskatchewan. The Indigenous partners, through Six Nations Energy Development Partnership, will have the opportunity to acquire at least 30% equity ownership in the project, supported by a $100 million loan guarantee from the Saskatchewan Indigenous Investment Finance
The project, covering a 200-square-kilometre area, is targeted to be operational in 2027. It represents a significant step towards Indigenous economic reconciliation and provides a stable revenue source for the participating communities. The announcement was made on June 24, 2024, with final investment decisions anticipated in 2025, pending commercial agreements and regulatory approvals.
The ADCC Pipeline commenced commercial service on July 1, 2024, providing approximately 1.7 Billion cubic feet per day (Bcf/d) of natural gas transportation capacity to the Cheniere Corpus Christi Liquefaction facility. The pipeline facilitates access to Permian and Eagle Ford gas volumes, enhancing natural gas infrastructure in Texas and supporting U.S. LNG exports globally.
The project is a joint venture, with Whistler Pipeline owning 70% (shared among WhiteWater, MPLX, and Enbridge) and a Cheniere Energy subsidiary owning 30%. This new infrastructure is expected to reduce flared volumes in the Permian Basin and strengthen LNG export capabilities.
The University of Alberta's I-STEAM Pathways program, supported by Enbridge and other donors, offers Indigenous students summer internships in environmental research. Launched in 2020, I-STEAM allows students from various fields, including non-STEM, to explore careers in science, engineering, and agriculture. The program, unique in Canada, aims to increase Indigenous representation in environmental policy. In 2023, the program, with funding from Alliance Pipeline, supported 18 students. Noteworthy projects, such as a device to predict algae blooms, showcase the program's real-world impact. The program's success relies heavily on donor contributions.
Enbridge Inc. (TSX: ENB, NYSE: ENB) will host a webcast and conference call on August 2, 2024, at 7 a.m. MT (9 a.m. ET) to discuss its second quarter results for 2024. The session will feature prepared remarks from the executive team followed by a Q&A session exclusively for analysts and investors. Financial results will be announced before market opening on the same day. A replay and transcript of the webcast will be available on Enbridge's website shortly after.
Enbridge, headquartered in Calgary, Alberta, operates in North American natural gas, oil, and renewable power sectors, and is expanding into European offshore wind energy. The company continues to invest in modern energy infrastructure and new technologies such as hydrogen, renewable natural gas, and carbon capture and storage.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) will host a conference call and webcast on August 2, 2024, at 7 a.m. MT (9 a.m. ET) to discuss its 2024 second quarter results. The company will announce financial results before markets open on the same day. The call will include prepared remarks from the executive team, followed by a Q&A session for analysts and investors.
Key details for the webcast:
- Date: Friday, August 2, 2024
- Time: 7 a.m. MT (9 a.m. ET)
- North America Toll Free: 1-800-606-3040
- Outside North America: 1-646-307-1689
- Conference ID: 9581867
Enbridge is a leading North American energy infrastructure company, connecting millions to essential energy sources through its natural gas, oil, and renewable power networks.
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