Enbridge Inc
46.67-0.42 (-0.89%)
Oct 29, 4:00:02 PM EDT · NYSE · ENB · USD
Key Stats
Market Cap
101.86BP/E (TTM)
22.99Basic EPS (TTM)
2.03Dividend Yield
0.08%Recent Filings
8-K
Enbridge leadership transitions announced
Enbridge announced executive leadership changes effective January 1, 2026, with Cynthia Hansen transitioning to Special Advisor to the CEO ahead of her January 10, 2027 retirement from her role as Executive Vice President and President, Gas Transmission & Midstream. Matthew Akman steps in as her successor, bringing strategy and power expertise, while Allen Capps takes over as Senior Vice President, Strategy & President, Power. These moves ensure continuity in gas transmission and renewable operations. Hansen receives a lump-sum retirement payment equal to one times her annual salary plus average short-term incentives from the prior two years.
8-K
Enbridge hits record Q2 EBITDA
Enbridge posted record Q2 adjusted EBITDA of $4.6 billion, up 7% from last year, fueled by U.S. gas utility acquisitions and rate settlements, while reaffirming 2025 guidance for $19.4-20.0 billion adjusted EBITDA. The company sanctioned key projects like the $0.9 billion Clear Fork Solar for Meta's data center and a $0.3 billion Aitken Creek storage expansion to bolster LNG flexibility, swelling its backlog to $32 billion. Debt-to-EBITDA sits at 4.7x. Projects de-risk returns amid rising demand.
10-Q
Q2 FY2025 results
Enbridge posted solid Q2 results, with total operating revenues climbing 31% year-over-year to $14.9B on stronger commodity sales and full contributions from recent US gas utility buys, while operating income held steady at $2.3B despite a $330M impairment hit to regulated assets from Ohio rate rulings. Earnings per share rose to $1.00 from $0.86, fueled by higher gas distribution margins and transmission efficiencies, though net losses widened beyond operating figures due to $1.4B in unrealized derivative gains and foreign exchange swings. Cash from operations reached $6.3B year-to-date, supporting $3.6B in capex; free cash flow stood at $2.7B after $3.6B capex (derived). Debt totals $100.1B with $11.5B in credit availability, bolstered by fresh issuances. Acquisitions like Questar closed May 2024 for $4.1B cash, adding $794M goodwill. Regulatory pressures in Ohio linger.
8-K
Enbridge closes $2.25B notes
Enbridge Inc. completed a $2.25 billion senior notes offering on June 20, 2025, issuing $400 million of 4.600% notes due 2028, $600 million of 4.900% notes due 2030, $900 million of 5.550% notes due 2035, and $350 million additional 5.950% notes due 2054. The notes, guaranteed by wholly-owned subsidiaries Enbridge Energy Partners and Spectra Energy Partners, bolster the company's long-term debt profile amid stable market conditions. No use of proceeds disclosed. This extends maturities strategically.
10-Q
Q1 FY2025 results
Enbridge kicked off 2025 with a bang, posting total operating revenues of $18.5 billion, up 67.7% year-over-year, fueled by full-quarter contributions from its U.S. gas utilities and stronger liquids pipelines throughput. Operating income climbed to $3.7 billion from $2.7 billion last year, while diluted EPS rose to $1.03 from $0.67, reconciling neatly with 2,185 million weighted-average shares. Cash from operations held steady at $3.1 billion, supporting $1.7 billion in capex, yet free cash flow (derived) dipped to $1.3 billion after subtracting capex. Total debt stands at $102.7 billion, balanced by $11.3 billion in credit availability and $2.1 billion in cash. The East Ohio Gas acquisition closed in March 2024 for $5.8 billion cash, adding $1.6 billion in goodwill to the gas distribution segment. But regulatory hurdles loom large, with ongoing Line 5 litigation threatening pipeline operations.
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