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 one of the largest midstream companies in North America. It has been undergoing a long-term transformation as it shifts from an oil focus toward cleaner alternatives.

Is Enbridge Stock a Buy?

From 2014 to 2021, the midstream winter traumatized income investors. ENB recently broke with its self-funding business model to announce a transformational deal acquiring 3 utilities for $14 billion. Wall Street reacted with a 6% decline in the share price, which is not justified by the facts and which pushed ENB's very safe yield to a 3-year-high.

Enbridge: Best Time In 3 Years To Buy This 7.4% Yielding Dividend Aristocrat

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Enbridge is acquiring three natural gas utilities from Dominion. The deals will further enhance the stability and growth of its cash flow.

This Unstoppable Dividend Stock's $14 Billion Acquisition Will Keep Its High-Yielding Payout Well Fueled

Enbridge is buying 3 gas utilities from Dominion Energy in a 19 billion CAD transaction. The purchase will increase Enbridge's capex and require the issuance of expensive equity. Moody's and S&P have switched their outlooks on Enbridge to "negative" while Fitch considers the transaction to be neutral for Enbridge's credit profile.

Enbridge: Establishing Dominion Over Regulated Utilities (Rating Upgrade)

Dominion Energy

Dominion Energy (D) said it has sold its three natural gas distribution companies to Canada-based pipeline operator Enbridge (ENB) for $14 billion, including $4.6 billion in debt. The deal creates the largest natural gas utility franchise in North America.

Dominion Energy Sells 3 Gas Distribution Firms to Enbridge for $14 Billion

Once the deal closes, Enbridge (ENB) will deliver more than 9 billion cubic feet per day of gas to 7 million customers.

Enbridge (ENB) Signs Deal to Buy Gas Utilities From Dominion

Enbridge is acquiring three utilities from Dominion Energy for $14 billion. The deal makes strategic sense, but carries risk.

Why Enbridge Stock Is Falling Today

Shares of Enbridge Inc (NYSE: ENB) are in focus on Wednesday after the natural gas utility company announced a $14 billion deal with Dominion Energy Inc (NYSE: D). Details of Enbridge-Dominion deal Enbridge has decided in favour of acquiring three U.S.

Enbridge signs a $14 billion deal with Dominion Energy

Williams

Williams Companies' Chief Executive Officer Alan Armstrong said on Wednesday the firm is not interested in three utilities recently bought by Canada's pipeline operator Enbridge , as return rate would be too low.

Williams not interested in utility companies bought by Enbridge -CEO

Enbridge (NYSE: ENB ) stock is down about 5% today. The company announced that it will spend roughly $14 billion to acquire three natural gas utilities.

ENB Stock Alert: The $14 Billion Reason Enbridge Is Down Today

Enbridge has reached three deals with Dominion Energy to acquire three utility companies for a combined value of $14 billion. The acquisition will make Enbridge the largest gas utility company in North America, expanding its footprint into several states. The deal is expected to strengthen Enbridge's dividend growth profile and be accretive to distributable cash flow.

Enbridge: Acquiring 3 Utilities From Dominion For $14 Billion

U.S.-listed shares of Enbridge Inc tumbled nearly 7% in premarket trading on Wednesday after the Canadian pipeline operator announced a surprise $14 billion bid to buy three utilities from Dominion Energy.

Enbridge slumps on surprise $14 bln bid for gas-powered utilities

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The article discusses the simplicity and carefree nature of a one-year-old's life compared to the complexities of adulthood. The rising costs of life, particularly in the energy sector, are highlighted as a challenge for individuals. Three energy companies are recommended - Enterprise Products Partners, Energy Transfer, and Enbridge - as potential investments for dual profit potential and reliable dividends.

Midstream Income For Life

Canadian pipeline operator Enbridge Inc. announced Tuesday that it plans to acquire three gas distribution companies from Dominion Energy.

Pipeline operator Enbridge Inc will buy three natural gas utilities from Dominion Energy for $9.4 billion

Calgary based pipeline and energy giant Enbridge has announced a trio of acquisition deals with Dominion Energy that would make it the largest gas company by volume in North America. Enbridge agreed to purchase East Ohio Gas Co, Questar Gas and Public Service Company of North Carolina for a combined price of $14 billion.

Enbridge buys three Dominion Energy companies for US$14B

Enbridge said on Tuesday it has entered into three separate deals with Dominion Energy to buy East Ohio Gas Co, Questar Gas and Public Service Company of North Carolina for a combined value of $14 billion, creating North America's largest natural gas utility platform.

Enbridge to buy three utilities in deal valued at $14 bln

Consistent with the previously outlined commitments & priorities of the ongoing business review Transactions valued at $14.0 billion – all cash consideration of $9.4 billion plus assumption of debt Highly credit accretive—100% of after-tax proceeds expected to be used to retire debt All sales expected to close by end of 2024, subject to customary regulatory approvals Company now expects to conclude review and announce repositioned outlook during the fourth quarter of 2023 given vital importance of ensuring the company is best positioned to create maximum long-term value for shareholders  RICHMOND, Va. , Sept. 5, 2023 /PRNewswire/ -- Dominion Energy (NYSE: D) today announced that it has concluded a robust and competitive sale process and executed three separate definitive agreements to sell its three natural gas distribution companies to Enbridge (TSX: ENB) (NYSE: ENB).

Dominion Energy Advances Business Review; Announces Agreements to Sell Gas Distribution Companies to Enbridge

CALGARY, AB , Sept. 5, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") today announced that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Morgan Stanley, and including BMO Capital Markets, CIBC Capital Markets, National Bank Financial Markets, Scotiabank, and TD Securities (the "Underwriters") under which the Underwriters have agreed to purchase, on a bought deal basis, 89,490,000 common shares of the Company ("Common Shares") for aggregate gross proceeds of CDN$4 billion at an offering price of CDN$44.70 per Common Share (the "Offering").

Enbridge Announces CDN$4.0 Billion Bought-Deal Offering of Common Shares

HIGHLIGHTS: Enbridge has entered into definitive agreements with Dominion Energy, Inc. to acquire The East Ohio Gas Company ("EOG"), Questar Gas Company ("Questar Gas"), and its related Wexpro companies ("Wexpro" and collectively with Questar Gas, "Questar"), and Public Service Company of North Carolina, Incorporated ("PSNC") (collectively the "Gas utilities") for an aggregate purchase price of US$14.0 billion (CDN$19 billion 1), comprised of US$9.4 billion of cash consideration and US$4.6 billion of assumed debt (the "Acquisitions"). Creates North America's largest natural gas utility platform delivering ~9.3 bcf/d to ~7 million customers across multiple regulatory jurisdictions.

Enbridge Announces Strategic Acquisition of Three U.S. Based Utilities to Create Largest Natural Gas Utility Franchise in North America

Pacific Energy and Enbridge -owned Woodfibre said on Tuesday it would supply 100% of the LNG from its proposed plant in British Columbia to BP Plc after it signed another agreement with a unit of the energy major.

Pacific Energy-Enbridge venture Woodfibre to supply 100% of its LNG to BP

Enbridge has increased its high-yielding dividend for 28 straight years. With 3M's legal liabilities clearer, it should have more confidence to continue increasing its big-time dividend.

2 Top Dividend Stocks I Can't Wait to Buy in September

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There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are Shell (SHEL), Eni (E) and Enbridge (ENB).

3 Oil Companies to Gain From Renewable Energy Investment

Hess

ENB and HESM offer attractive dividend yields. Both have very stable cash flow profiles with low commodity risk. We compare them side by side and share our view on which is the better buy.

Better High Yield Buy: Enbridge Stock Or Hess Midstream Stock

Enbridge has a well-funded dividend despite its high yield. Profits should grow as export volumes increase over time.

News for Enbridge Stock (ENB)