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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Chevron gives you a chance to benefit if energy prices rise, but it also has the financial strength to survive if they don't (while still paying its dividend). Enbridge should have no problem continuing to grow its high-yielding dividend.

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Enbridge recently reported solid first-quarter results, showcasing the durability of its cash flow. It has a very strong financial profile.

This 6.6%-Yielding Dividend Stock Showcases its Unstoppable Growth Potential

Enbridge Inc. (NYSE:ENB ) Q1 2023 Earnings Conference Call May 5, 2023 9:00 AM ET Company Participants Rebecca Morley - Investor Relations Greg Ebel - President & Chief Executive Officer Vern Yu - Chief Financial Officer & President, New Energy Technologies Colin Gruending - Head, Liquid Pipelines Cynthia Hansen - Head, Gas Transmission & Midstream Matthew Akman - Head, Renewable Power Conference Call Participants Jeremy Tonet - JPMorgan Linda Ezergailis - TD Securities Theresa Chen - Barclays Robert Catellier - CIBC Capital Markets Rob Hope - Scotiabank Praneeth Satish - Wells Fargo Ben Pham - BMO Andrew Kuske - Credit Suisse Operator Ladies and gentlemen, welcome to the Enbridge Incorporated First Quarter 2023 Financial Results Conference Call. My name is Brent, and I will be your operator today.

Enbridge Inc. (ENB) Q1 2023 Earnings Call Transcript

Enbridge (ENB) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.66 per share a year ago.

Enbridge (ENB) Q1 Earnings Beat Estimates

CALGARY, AB , May 5, 2023 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported first quarter 2023 financial results, announced $0.3 billion of newly secured growth projects, and reaffirmed its 2023 financial outlook. Highlights (All financial figures  are unaudited and in Canadian dollars unless otherwise noted.

Enbridge Reports Strong First Quarter 2023 Financial Results and Reaffirms Financial Guidance and Outlook

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Energy Transfer's nearly double-digit yield should keep rising. Enbrige's dividend growth streak is showing no signs of stopping.

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CALGARY, AB , May 4, 2023 /PRNewswire/ - Today, Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced that it has reached an agreement in principle on a negotiated settlement (the settlement) with shippers for incentive tolls on its Mainline liquids system, which moves over 3 million barrels a day of crude oil and liquids from Western Canada to demand markets in multiple provinces and states. The settlement covers both the Canadian and U.S. portions of the Mainline and will provide customers with a stable, competitive toll relative to competing alternatives.

Enbridge announces tolling agreement in principle on Mainline liquids system

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Higher expenses are expected to have dented Enbridge's (ENB) bottom line in Q1.

Enbridge (ENB) to Report Q1 Earnings: What's in the Offing?

CALGARY, AB , May 2, 2023 /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 outstanding Cumulative Redeemable Preference Shares, Series F (Series F Shares) (TSX: ENB.PR.F) on June 1, 2023. As a result, subject to certain conditions, the holders of the Series F Shares have the right to convert all or part of their Series F Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series G of Enbridge (Series G Shares) on June 1, 2023.

Enbridge Provides Notice of Series F Preferred Shares Conversion Right and Announces Reset Dividend Rates

CALGARY, AB , May 2, 2023 /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 outstanding Cumulative Redeemable Preference Shares, Series 1 (Series 1 Shares) (TSX: ENB.PR.V) on June 1, 2023. As a result, subject to certain conditions, the holders of the Series 1 Shares have the right to convert all or part of their Series 1 Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series 2 of Enbridge (Series 2 Shares) on June 1, 2023.

Enbridge Provides Notice of Series 1 Preferred Shares Conversion Right and Announces Reset Dividend Rates

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Enbridge is acquiring another natural gas storage facility. It will supply incremental income while advancing the company's strategy.

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Enbridge Inc (TSX:ENB) revealed that it has struck a definitive agreement with FortisBC Holdings Inc to acquire the Aitken Creek natural gas storage facility in British Columbia for C$400 million (US$294.68 million). Aitken Creek Storage is an underground reservoir located 120 kilometers northeast of Fort Saint John.

Enbridge acquires Aitken Creek natural gas storage in British Columbia for $400M

CALGARY, AB , May 1, 2023 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today that, through a wholly-owned subsidiary, it has entered into a definitive agreement with FortisBC Holdings Inc. to acquire its interest in FortisBC Midstream Inc., which holds a 93.8% interest in Aitken Creek Gas Storage facility and a 100% interest in Aitken Creek North Gas Storage facility (collectively, Aitken Creek Storage) for $400 million, subject to customary closing adjustments. Aitken Creek Storage is an underground reservoir located 120 kilometres northeast of Fort St. John, B.C.

Enbridge to Acquire Aitken Creek Natural Gas Storage from FortisBC Holdings Inc. for $400 million

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ExxonMobil is an integrated energy giant that's been putting up huge earnings figures. Enbridge is a North American midstream company that's been just as boring as it always tends to be.

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Stanley Black & Decker is going through a rough patch, but holding its dividend in 2023 would mean yet another year of dividend growth. Chevron has increased its dividend every year for more than three decades.

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Enbridge (ENB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Enbridge (ENB) Q1 Earnings Expected to Decline

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Enbridge Stock Earnings Preview: What To Watch For.

Enbridge Stock Earnings Preview: What To Watch For

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