Enbridge

Union Gas is a major Canadian natural gas company based in Ontario. Its distribution arm services approximately 1.5 million customers in northern, southwestern and eastern Ontario. Union Gas has been a subsidiary of Enbridge since February 2017, when former parent Spectra Energy merged into Enbridge.

Union Gas

Enbridge, Inc. engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines. The Gas Distribution & Storage segment consists of natural gas utility operations, the core of which is Enbridge gas, which serves residential, commercial and industrial customers. It also includes natural gas distribution activities in Quebec and an investment in Noverco, which holds a majority interest in a subsidiary entity engaged in distribution and energy transportation primarily in Quebec. The Gas Transmission & Midstream segment consists of investments in natural gas pipelines, processing and green energy projects, the company's commodity marketing businesses, and international activities. The Renewable Power Generation segment consists primarily of investments in wind and solar power generating assets, as well as geothermal, waste heat recovery, and transmission assets. The Energy Services segment consists of businesses in Canada and the United States including logistical services, refinery supply services and the firm's volume commitments on various pipeline systems. The company was founded on April 30, 1949 and is headquartered in Calgary, Canada.

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Enbridge is a large midstream company with a 7.5% forward dividend yield and a strong position in the industry. The company's profitability and free cash flow margin are better than its peers, adding to the safety of its dividend. The future of the North American midstream industry looks promising due to expected growth in energy demand and production.

Enbridge: North America's Biggest Midstream Star

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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 quarter results on May 10, 2024, at 7:00 a.m. MT (9:00 a.m.

Enbridge Inc. to Host Webcast to Discuss 2024 First Quarter Results on May 10

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 Venice extension project in Louisiana.

Enbridge wins approval to commence service on Louisiana Venice natgas pipe project

Enbridge preferred stocks carry an investment grade BBB- credit rating but offer yields that are extraordinarily high relative to typical U.S. BBB- rated preferred stocks. Enbridge preferred stocks not only pay “qualified” dividends for large after-tax yields but are “reset-rate” preferred stocks and thus offer protection against higher interest rates. In this article I will focus on 2 Enbridge preferred stocks with the tickers EBBNF (or ENB.PF.U on the Toronto Exchange) and ENB.PR.Y.

Buy These 2 Very High Yielding Preferred Stock Bargains From Enbridge

The current interest rate environment presents a unique opportunity for investing in selected preferred and common shares. There could be significant upside over the next six months for Canadian dollars denominated Enbridge Series R and US dollars denominated Series 5. DDM analysis shows that Enbridge common shares have a 12-month upside of 27.5% in addition to the current dividend yield of 7.45%.

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Enbridge is working to close a once-in-a-generation acquisition opportunity. The deals will significantly enhance its cash flow and growth profile.

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Pembina Pipeline

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 Pipeline and its 42.7% interest in Aux Sable to Pembina Pipeline Corporation ("Pembina") (TSX: PPL) (NYSE: PBA) for $3.1 billion, previously announced on December 13, 2023. This is an important milestone and Enbridge remains committed to working closely with Pembina to ensure the safe and reliable operation of the assets during the transition period.

Enbridge Completes Sale of its Interests in Alliance Pipeline and Aux Sable

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Dividend investors should consider a company's dividend track record early in the screening process. Enbridge has increased its dividend annually for 29 consecutive years and yields a historically high 7.5%.

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Enbridge has increased its dividend annually for 29 consecutive years. The Canadian company operates a massive portfolio of energy infrastructure.

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Enbridge's strategic positioning in North American midstream is intact and its fortress financial position provides solid financial flexibility to meet growing demand for pipelines and storage. Despite a decline in revenue in the recent quarter, ENB's gross margin expanded, and free cash flow increased, indicating the company's ability to address fluctuations in revenue. Enbridge's share price is undervalued by almost 50% according to the dividend discount model.

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The partnership is not only poised to enhance Enbridge's (ENB) cash flow immediately but also lays a robust foundation for growth opportunities.

Enbridge (ENB) Forms JV to Enhance Permian Basin Connectivity

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Enbridge, MPLX, and two private equity firms are forming a new gas pipeline joint venture. The transaction will provide an immediate boost to Enbridge's cash flow.

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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 demand, the Canadian pipeline operator said on Tuesday.

Enbridge to form natural gas supply venture

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 strategically combine the Whistler Pipeline and Rio Bravo Pipeline project in a newly formed joint venture. Enbridge will contribute its wholly-owned Rio Bravo Pipeline project and cash in exchange for an ownership stake in the newly formed joint venture.

WHISTLER PIPELINE AND ENBRIDGE AGREE TO STRATEGIC COMBINATION OF WHISTLER AND RIO BRAVO NATURAL GAS ASSETS

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