Enbridge Inc. (ENB)
Market Cap | 72.06B |
Revenue (ttm) | 32.82B |
Net Income (ttm) | 4.39B |
Shares Out | 2.13B |
EPS (ttm) | 2.06 |
PE Ratio | 16.44 |
Forward PE | 11.99 |
Dividend | $2.71 (8.00%) |
Ex-Dividend Date | Feb 14, 2024 |
Volume | 6,954,046 |
Open | 33.38 |
Previous Close | 33.33 |
Day's Range | 33.35 - 33.95 |
52-Week Range | 31.03 - 40.30 |
Beta | 0.89 |
Analysts | Buy |
Price Target | 56.83 (+67.64%) |
Earnings Date | May 10, 2024 |
About ENB
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines and gathering and processing fac... [Read more]
Financial Performance
In 2023, Enbridge's revenue was 43.65 billion, a decrease of -18.12% compared to the previous year's 53.31 billion. Earnings were 5.84 billion, an increase of 125.53%.
Financial numbers in CAD Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for ENB stock is "Buy." The 12-month stock price forecast is $56.83, which is an increase of 67.64% from the latest price.
News
Enbridge Inc. to Host Webcast to Discuss 2024 First Quarter Results on May 10
CALGARY, AB , April 5, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will host a conference call and webcast to provide a business update and review 2024 first qua...
Enbridge wins approval to commence service on Louisiana Venice natgas pipe project
Canadian energy company Enbridge's Texas Eastern Transmission subsidiary received approval on Thursday from U.S. energy regulators to commence service of a natural gas pipeline associated with its Ven...
Enbridge Completes Sale of its Interests in Alliance Pipeline and Aux Sable
CALGARY, AB , April 1, 2024 /PRNewswire/ - Enbridge Inc. ("Enbridge" or "the Company") (TSX: ENB) (NYSE: ENB) announced today the closing of the agreement to sell its 50.0% interest in Alliance Pipeli...
Enbridge to form natural gas supply venture
Enbridge will form a venture with WhiteWater/I Squared Capital and MPLX to operate natural gas pipeline and storage assets connecting Permian Basin supplies to the growing LNG and U.S. Gulf Coast dema...
WHISTLER PIPELINE AND ENBRIDGE AGREE TO STRATEGIC COMBINATION OF WHISTLER AND RIO BRAVO NATURAL GAS ASSETS
AUSTIN, Texas , March 26, 2024 /PRNewswire/ -- WhiteWater, I Squared, MPLX LP (NYSE: MPLX), and Enbridge Inc. (TSX: ENB) (NYSE: ENB) jointly announce they have entered into a definitive agreement to s...
Enbridge to Enter into JV Connecting Permian Basin Natural Gas Supply to Growing LNG and USGC Demand
CALGARY, AB , March 26, 2024 /PRNewswire/ - Enbridge Inc. ("Enbridge") (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with WhiteWater/I Squared Capital ("WhiteW...
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Enbridge eyes 120,000 bpd expansion to Gray Oak, Texas oil pipeline by 2025
Energy pipeline company Enbridge plans to expand capacity on its Gray Oak oil pipeline by 80,000 barrels per day (bpd) this year and could add another 40,000 bpd in 2025, an executive told Reuters on ...
Dominion Energy Announces Closing of Sale of Ohio Natural Gas Distribution Company
RICHMOND, Va. , March 7, 2024 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D), today announced closure of the sale of its Ohio natural gas utility – The East Ohio Gas Company – to Enbridge Inc. (TSX: ...
Enbridge Completes Acquisition of The East Ohio Gas Company
CALGARY, AB , March 7, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") announced today the closing of its acquisition of The East Ohio Gas Company ("EOG") from D...
Enbridge to invest about $500 million in pipeline assets
Pipeline operator Enbridge said on Wednesday it will invest about $500 million in expanding its pipeline and storage assets to improve its U.S. Gulf Coast presence.
Enbridge Extends Visible Growth Outlook, Reiterates Strategic Priorities and Announces Accretive Investments
CALGARY, AB , March 6, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) is providing an update on its strategic priorities and financial outlook, which will be furthe...
Enbridge Receives Canada Energy Regulator Approval for Mainline Tolling Settlement
CALGARY, AB , March 4, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that the Canada Energy Regulator (CER) has approved the Mainline Tolling negot...
Enbridge to Host Annual Enbridge Day Investor Event on March 6, 2024
CALGARY, AB, Feb. 21, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will hold its annual investor conference at 9:30 a.m. ET on Wednesday, March 6, 2024.
Enbridge Announces Conversion Results for Series 5 Preferred Shares
CALGARY, AB , Feb. 15, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 5 (Series 5 Shar...
Enbridge Announces Conversion Results for Series 7 Preferred Shares
CALGARY, AB , Feb. 15, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 7 (Series 7 Shar...
Enbridge Announces Conversion Results for Series P Preferred Shares
CALGARY, AB , Feb. 15, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series P (Series P Shar...
Exxon, Enbridge sued by competitor over crude oil transportation
Exxon and Canada-based crude pipeline operator Enbridge were sued in Illinois federal court on Tuesday over claims they barred a competitor from building a terminal to ship oil by barge from the Chica...
Enbridge Files 2023 Year End Disclosure Documents
CALGARY, AB , Feb. 9, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) has filed its Form 10-K for the year ended December 31, 2023, with the United States Securities and Exchange Commission. ...
Enbridge misses fourth-quarter profit estimates
Pipeline operator Enbridge on Friday missed fourth-quarter profit estimates, hurt by lower earnings from its gas transmission and midstream segment.
Enbridge Reports Record 2023 Financial Results, Reaffirms 2024 Financial Guidance and Advances Strategic Priorities
CALGARY, AB , Feb. 9, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported fourth quarter 2023 financial results, reaffirmed its 2024 financial guidance and ...
Enbridge appeals to vacate order that would shut down U.S.-Canada pipeline
MADISON, Wis. — An attorney for the energy company Enbridge tried to persuade a federal appellate court Thursday to vacate an order that would shut down part of a pipeline running through a Wisconsin ...
Enbridge Provides Notice of Series P Preferred Shares Conversion Right and Announces Reset Dividend Rates
CALGARY, AB , Jan. 31, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstand...
Enbridge Provides Notice of Series 5 Preferred Shares Conversion Right and Announces Reset Dividend Rates
CALGARY, AB , Jan. 31, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstand...