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.
On June 3, 2024, Dominion Energy (NYSE: D) announced the completion of the sale of Questar Gas Company and Wexpro Company to Enbridge Inc. (TSX: ENB, NYSE: ENB) for approximately $4.3 billion, which includes assumed debt and adjustments for customary closing items. The transaction, initially announced on September 5, 2023, involves Questar Gas, a natural gas utility serving 1.2 million customer accounts across Utah, Wyoming, and Idaho, and Wexpro, which supplies natural gas under a cost-of-service agreement.
Dominion Energy also revealed plans to finalize the sale of its gas distribution company in Gastonia, N.C., to Enbridge later this year. Dominion Energy serves over 4.5 million customers in 13 states and aims for Net Zero emissions by 2050.
Enbridge has launched a pilot program designed to facilitate the re-entry of professionals into the workforce after an extended career break. Initiated in 2023, this program is part of Enbridge's diversity, equity, and inclusion (DEI) efforts. It offers part-time, temporary positions for a minimum of nine months, allowing individuals to gradually reintegrate into the work environment.
The program aims to leverage the often-overlooked talent pool of individuals who have taken career pauses, offering them recent work experience and helping rebuild their confidence. Two of the four women who benefited from this initiative, Darcey Kateryniuk and Eva Tam, shared their positive experiences, highlighting the dual benefits for both the company and the participants.
The Platte River Trails Trust (PRTT) is devoted to the year-round maintenance and enhancement of the North Platte River and its associated pathways in Casper, WY. Established by concerned citizens, PRTT aims to foster community connectivity through an 11-mile river pathway.
With support from the City of Casper, the City of Mills, and private donors, PRTT hosts annual events like Spring Cleanup Day and Riverfest, attracting significant community involvement. Spring Cleanup Day in 2023 saw over 100 participants recover nearly half a ton of garbage, while Riverfest welcomes up to 2,500 attendees for community activities and a beer-tasting event.
In 2023, Enbridge's $5,000 Fueling Futures grant sponsored these events and funded new mile markers along the trails. PRTT has over 40 years of success in creating and maintaining trails, ensuring the preservation and accessibility of the North Platte River for future generations.
Enbridge Ingleside Energy Center (EIEC) in South Texas has reached a significant safety milestone, successfully loading its 500th Very Large Crude Carrier (VLCC) without incident. This achievement underscores EIEC's commitment to safety and its role as America's largest crude oil export terminal by volume, managing approximately 25% of U.S. Gulf Coast crude exports annually. This milestone was made possible through collaboration with partners such as SR Trident and Signet Maritime, which contribute to the terminal's operational efficiency and safety. The EIEC can load two VLCCs simultaneously, enhancing its strategic position in global energy security and reducing shipping emissions.
EDF Renewables North America and Enbridge have announced the completion and commercial operation of the 150 MWac Fox Squirrel Solar Phase 1 in Madison County, Ohio. This project is part of a larger 577 MWac solar development planned to be finished by the end of 2024. The project is a significant milestone in Ohio's renewable energy sector and is expected to meet the region's growing power demands, which are projected to double by 2028.
Amazon has entered into power purchase agreements for the full generation capacity of Fox Squirrel Solar, supporting its commitment to operate on 100% renewable energy by 2025. The project has created hundreds of jobs and will continue to provide economic benefits to the local community. EDF Renewables and Enbridge highlight this project as a testament to their ongoing partnership and commitment to the energy transition.
Enbridge has published its 23rd Sustainability Report, showcasing significant advancements in environmental, social, and governance (ESG) goals. The report reveals a 37% reduction in greenhouse gas (GHG) emissions intensity and a 20% cut in absolute GHG emissions from the 2018 baseline. Methane emissions in natural gas operations have dropped by 40%, and work-related injuries have fallen by 16%, surpassing their 10% target. Additionally, Enbridge has reached C$2 billion in Indigenous procurement and labor spending, committing an extra C$1 billion by 2030. The company also boasts a diverse Board of Directors with 50% representation from underrepresented racial and ethnic groups and 50% women.
Enbridge (TSX: ENB, NYSE: ENB) announced that no Cumulative Redeemable Preference Shares, Series R (Series R Shares) will be converted into Series S Shares on June 3, 2024. The company received fewer than the required 1,000,000 conversion notices by the May 17, 2024 deadline.
Enbridge operates extensive natural gas, oil, and renewable power networks across North America and Europe. The company is committed to reducing its carbon footprint and achieving net-zero greenhouse gas emissions by 2050.
Enbridge has been a significant supporter of the Nebraska FFA Foundation, contributing through its Fueling Futures grants over the past three years. These grants help fund the annual statewide FFA convention and various educational workshops, particularly in safety, diversity, and environmental education. The Nebraska FFA Foundation aims to cultivate career-ready students for the agricultural sector, where one in three jobs in Nebraska is agriculture-based. With over 12,000 high school members across 214 local chapters, the organization provides a blend of classroom instruction, leadership training, and experiential learning. Enbridge's support extends beyond Nebraska, impacting FFA activities across the Great Plains and Midwest.
Enbridge announced the filing of Canadian and U.S. securities to enable an at-the-market equity issuance program (ATM Option).
The ATM Option permits Enbridge to issue and sell up to $2.75 billion of common shares to fund its recent acquisitions of three U.S. natural gas utilities from Dominion Energy.
Alternative funding options include the issuance of senior unsecured notes, hybrid debt, and a capital recycling program.
Sales will be made through the Toronto Stock Exchange, New York Stock Exchange, or other marketplaces at prevailing market prices.
The ATM Option will be carried out through agreements with a syndicate of sales agents led by BMO Nesbitt Burns and BMO Capital Markets.
On May 15, 2024, EDF Renewables, along with partners Enbridge, CPP Investments, and Skyborn, inaugurated the 497 MW Fécamp Offshore Wind Farm in Normandy, France. This wind farm, located 13-24 km off the northern coast, is set to supply low-carbon electricity to nearly 770,000 people, covering 60% of the Seine-Maritime region's annual electricity needs. This project is part of France's goal to achieve a 33% share of renewable energy by 2030. The wind farm, which has been progressively connected to the national grid, represents a €2 billion investment and has created around 3,000 jobs during its construction phase.
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