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 low-risk energy company that's growing amidst economic volatility. It has a number of projects underway, including lower carbon ones at its sprawling Ingleside complex.

7%-Yielding Enbridge: I'm Putting Dry Powder To Great Use

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Progress against ESG goals and commitments continue CALGARY, AB , May 18, 2023 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today published its 22nd annual Sustainability Report (Report), providing stakeholders with details of progress made in environmental, social, and governance (ESG) performance. "In 2020, we set ambitious goals across all aspects of E, S and G with clear pathways to achieving them," said Pete Sheffield, Enbridge Vice President and Chief Sustainability Officer.

Enbridge Publishes 22nd Sustainability Report

CALGARY, AB , May 17, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that 1,827,695 of its outstanding Cumulative Redeemable Preference Shares, Series F (Series F Shares) were tendered for conversion, on a one-for-one basis, into Cumulative Redeemable Preference Shares, Series G of Enbridge (Series G Shares), effective on June 1, 2023. As a result, on June 1, 2023, Enbridge will have 18,172,305 Series F Shares and 1,827,695 Series G Shares issued and outstanding.

Enbridge Announces Conversion Results for Series F Preferred Shares

CALGARY, AB , May 17, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 1 (Series 1 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 2 (Series 2 Shares) on June 1, 2023. After taking into account all conversion notices received from holders of its outstanding Series 1 Shares by the May 17, 2023 deadline for the conversion of the Series 1 Shares into Series 2 Shares, less than the 1,000,000 Series 1 Shares required to give effect to conversions into Series 2 Shares were tendered for conversion.

Enbridge Announces Conversion Results for Series 1 Preferred Shares

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Enbridge has an incredibly strong core business, generating massive EBITDA and cash flow at the cost of substantial debt. The company has a dividend yield of 6.5% it can comfortably afford, but it's committed to hefty capital investments.

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ExxonMobil is one of the largest integrated energy companies on Earth. Enbridge is a big North American midstream specialist.

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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.

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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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News for Enbridge Stock (ENB)