ENB - Enbridge Inc.

NYSE - NYSE Delayed Price. Currency in USD
33.33
-0.38 (-1.13%)
At close: 4:02PM EDT

33.13 -0.21 (-0.63%)
After hours: 6:43PM EDT

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Previous Close33.71
Open33.58
Bid32.90 x 1800
Ask33.43 x 800
Day's Range33.24 - 33.79
52 Week Range28.82 - 38.04
Volume2,193,531
Avg. Volume3,172,065
Market Cap67.774B
Beta (3Y Monthly)0.47
PE Ratio (TTM)45.91
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.22 (6.57%)
Ex-Dividend Date2019-08-14
1y Target EstN/A
Trade prices are not sourced from all markets
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    ExxonMobil to Hire Eco-Friendly Bunker Tanker Fueled by LNG

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    ENB or WMB: Which Is the Better Value Stock Right Now?

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  • Enbridge to Restart Line 25 Operation in Kentucky
    Zacks

    Enbridge to Restart Line 25 Operation in Kentucky

    The restart of Line 25 is likely to enable Enbridge (ENB) to transport 800 million cubic feet of natural gas per day through the blast site.

  • MEG Energy joins opposition to Enbridge pipeline changes in Canada
    Reuters

    MEG Energy joins opposition to Enbridge pipeline changes in Canada

    Oil sands producer MEG Energy Corp has become the largest producer so far to call for pipeline company Enbridge Inc to scrap plans to introduce long-term, fixed-volume contracts on its Mainline system, in a letter to Canadian regulators laying out its opposition. Last month the Explorers and Producers Association of Canada, which represents smaller producers, also wrote to Canada’s National Energy Board opposing the change because of concerns it will favor larger oil producers and refiners. Enbridge's plan to switch from a monthly nomination system to "contract carriage" comes at a time when Canadian export pipelines are so constrained the Alberta government has imposed oil production curtailments and has drawn fierce criticism from small producers.

  • Reuters

    RPT-UPDATE 1-MEG Energy joins opposition to Enbridge pipeline changes in Canada

    Oil sands producer MEG Energy Corp has become the largest producer so far to call for pipeline company Enbridge Inc to scrap plans to introduce long-term, fixed-volume contracts on its Mainline system, in a letter to Canadian regulators laying out its opposition. Last month the Explorers and Producers Association of Canada, which represents smaller producers, also wrote to Canada’s National Energy Board opposing the change because of concerns it will favor larger oil producers and refiners. The 2.85 million barrel-per-day Mainline is North America's largest pipeline system and a crucial conduit for Canadian producers exporting crude to the United States.

  • Reuters

    MEG Energy complains to Canada regulator over proposed Enbridge pipeline changes

    Oil sands producer MEG Energy has written to Canada's energy regulator to oppose pipeline company Enbridge Inc's plan to introduce long-term fixed volume contracts on its Mainline system. MEG's open letter to the National Energy Board regulator, filed on Friday, makes it the largest producer so far to call for Enbridge to scrap its Mainline plan because of how it will affect producers' ability to ship crude to market. The 2.85 million barrel per day Mainline is North America's largest pipeline system and a crucial conduit for Canadian producers exporting crude to the United States.

  • Is Enbridge (ENB) Stock Outpacing Its Oils-Energy Peers This Year?
    Zacks

    Is Enbridge (ENB) Stock Outpacing Its Oils-Energy Peers This Year?

    Is (ENB) Outperforming Other Oils-Energy Stocks This Year?

  • Reuters

    Enbridge seeks partial natgas pipe return Aug. 24-26 after Kentucky blast

    Canadian energy company Enbridge Inc said it expects to return one pipe to service between Aug. 24 and 26 on its Texas Eastern natural gas system in Kentucky that shut after an explosion on an adjacent line killed one person on Aug. 1. Texas Eastern has three lines between its Danville and Tompkinsville compressors in Kentucky that make up its 30-inch (76-centimeter) system. Enbridge said it plans to replace portions of Lines 10 and 25 in the vicinity of the incident and assess the entire length of Line 15 from Uniontown, Pennsylvania to Kosciusko, Mississippi.

  • Reuters

    Enbridge needs U.S. approval to restart natgas pipe after Kentucky blast

    The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a corrective action order last week requiring the company to perform several tasks before the regulator will allow any flows through the blast site, near Danville, Kentucky. Texas Eastern has three lines between its Danville and Tompkinsville compressors in Kentucky that make up its 30-inch (76-centimeter) system.

  • Enbridge works to return Texas Eastern natgas pipe after Kentucky blast
    Reuters

    Enbridge works to return Texas Eastern natgas pipe after Kentucky blast

    Enbridge said it is working with several agencies looking into the blast, including the U.S. National Transportation Safety Board, which is leading the investigation. The blast, near Danville, Kentucky, was the second so far this year on the Texas Eastern system following an explosion in Ohio in January that injured at least two people. It was also the third big blast for Enbridge in less than a year following an explosion in British Columbia on its Westcoast system in October.

  • Enbridge's (ENB) Earnings Beat Estimates in Q2, Decline Y/Y
    Zacks

    Enbridge's (ENB) Earnings Beat Estimates in Q2, Decline Y/Y

    Enbridge's (ENB) second-quarter results are supported by higher throughput in the Mainline System and increased volumes of distributed gas.

  • A Pipeline Explosion Overshadows Enbridge's Earnings
    Motley Fool

    A Pipeline Explosion Overshadows Enbridge's Earnings

    The Canadian midstream giant's earnings results were respectable, but the news of an explosion on its Texas Eastern natural gas line leaves some unanswered questions.

  • Reuters

    UPDATE 1-Enbridge to keep Kentucky gas pipe shut for at least a week after blast

    Canadian energy company Enbridge Inc said the section of its Texas Eastern pipeline in Kentucky that exploded on Thursday, killing one person, will remain shut through at least Aug. 12. Enbridge said in a notice to customers Monday afternoon it is working with federal and state officials investigating the incident and has not estimated when the damaged section of pipe will return to service. The U.S. National Transportation Safety Board has assumed control of the incident site in Kentucky and Enbridge said it is supporting that investigation.

  • Enbridge to keep Kentucky gas pipe shut for at least a week after blast
    Reuters

    Enbridge to keep Kentucky gas pipe shut for at least a week after blast

    Enbridge said in a notice to customers Monday afternoon it is working with federal and state officials investigating the incident and has not estimated when the damaged section of pipe will return to service. The U.S. National Transportation Safety Board has assumed control of the incident site in Kentucky and Enbridge said it is supporting that investigation. The blast, near Danville, Kentucky, was the second so far this year on the Texas Eastern system following an explosion in Ohio in January that injured at least two people.

  • Enbridge Inc (ENB) Q2 2019 Earnings Call Transcript
    Motley Fool

    Enbridge Inc (ENB) Q2 2019 Earnings Call Transcript

    ENB earnings call for the period ending June 30, 2019.

  • Bloomberg

    Pipelines Add Room on ‘Unrelenting’ Demand for Canada’s Oil

    (Bloomberg) -- U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them.Companies are adding space to their congested oil export pipelines from Canada even as plans for bigger expansions and new lines face delays. TC Energy Corp. will offer as much as 50,000 barrels a day of new capacity on its Keystone pipeline as early as next year by using chemicals, called drag resistance agents, to ease flows thorough the system.That “will allow TC Energy to respond to the demand for additional transportation capacity for crude oil from western Canada to the U.S. Gulf Coast,” Jamie Harding, a spokesman for the company, said in an email.Enbridge Inc., operator of the largest oil pipeline system, is using similar methods to add about 135,000 barrels a day of extra capacity to its system by early next year. The company begins an open season Friday, allowing shippers to sign up for secure, contracted space on the Enbridge mainline system starting in July 2021.Since June, flows on Enbridge’s Mainline are up 213,000 barrels a day from a year earlier, said Tim Pickering, founder and chief investment officer of Auspice Capital Advisors in Calgary. Rail exports are also ramping up and are forecast to reach half a million barrels a day, Tim McKay, present of Canadian Natural Resources Ltd., said Thursday.“When you put the Enbridge mainline and increased rail, that’s whats bringing in differentials” between heavy Canadian crude and WTI futures, Pickering said.Heavy Canadian crude for January was less than $20 a barrel below to West Texas Intermediate futures Wednesday versus almost $22 a month ago, according to data compiled by Bloomberg.Enbridge has optimized its pipeline system to create about 220,000 barrels a day of new capacity over the past “couple of years,” Jesse Semko, a spokesman for the company, said in an email.Alberta CurtailmentCanadian oil producers have been struggling to export their crude for more than a year after pipelines filled to capacity, sending the price of heavy Western Canadian Select crude to a $50 discount to futures last October. The situation became dire enough that Alberta’s government imposed mandatory limits on the largest suppliers.Prices are strengthening even after Enbridge announced that its Line 3 pipeline expansion won’t start operation until late next year, about 12 months behind schedule, a situation that could prompt an extension of the production limits into 2020. At the same time, new low-sulfur ship fuel rules that go into force next year threaten to cut demand for the heavy, high-sulfur grades of crude produced in Canada.Still, demand for heavy crude by refiners in the U.S. Gulf Coast and abroad has strengthened as Venezuelan production collapsed amid sanctions and political unrest, OPEC cut output and as sanctions were tightened on Iran. A cargo of Kearl crude was shipped from the Gulf Coast to Malaysia last month, the first such shipment in five years.“The demand we are seeing from the refiners for heavy barrels is unrelenting,” Pickering said. “It’s massive.”(Adds Enbridge open season in fourth paragraph.)\--With assistance from Sheela Tobben.To contact the reporter on this story: Robert Tuttle in Calgary at rtuttle@bloomberg.netTo contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Catherine TraywickFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    Enbridge Texas Eastern gas pipe remains shut after Kentucky blast

    The blast near Danville, Kentucky was the second so far this year on the Texas Eastern system following an explosion in Ohio in January that injured at least two people. It was also the third big blast for Enbridge in less than a year following an explosion in British Columbia on its Westcoast system in October. Enbridge said the U.S. National Transportation Safety Board assumed control of the incident site and the company was supporting that investigation.

  • Enbridge (ENB) Q2 Earnings Top Estimates, Revenues Surge Y/Y
    Zacks

    Enbridge (ENB) Q2 Earnings Top Estimates, Revenues Surge Y/Y

    Contributions from liquids pipelines primarily supports Enbridge's (ENB) Q2 earnings.

  • Canada's Enbridge solicits bids for Mainline oil pipeline amid space crunch
    Reuters

    Canada's Enbridge solicits bids for Mainline oil pipeline amid space crunch

    Currently, shippers nominate barrels on a monthly basis, but Enbridge proposes to switch to a system in which shippers sign long-term fixed volume contracts. The change comes as shippers have complained that the current system is inefficient and as Enbridge seeks to secure volumes ahead of rival projects in the works.

  • Reuters

    Pipeline operator Enbridge to solicit bids for Mainline

    Canadian pipeline company Enbridge Inc said on Friday it would invite bids for contracted space on its Mainline system, in the face of opposition from some oil shippers who worry the changes could disadvantage small producers. Enbridge is turning its Mainline system from a common carrier in which shippers submit monthly bids for capacity to one that is mostly contracted for up to two decades.

  • Bloomberg

    Deadly Blast on Major Natural Gas Pipeline Spurs U.S. Probe

    (Bloomberg) -- A deadly explosion on an Enbridge Inc. natural gas pipeline killed one woman and burned several structures in central Kentucky, including nearby homes.The U.S. Transportation Department sent a Pipeline and Hazardous Materials Safety Administration investigator to the site and officials from the office of pipeline safety are on their way, spokesman Darius Kirkwood said in an email.The blast early Thursday prompted an evacuation in Lincoln County. Flames shot 300 feet to 400 feet (91 to 122 meters) up in the air and were visible from up to 70 miles away, Lincoln County Emergency Management Director Don Gilliam said over the phone. Emergency responders are checking on two nearby pipelines to make sure they are secure after the fire.Six people were sent to a nearby hospital for non-life-threatening injuries, including a law enforcement deputy who suffered burns from rescuing residents from a burning house, said Robert Purdy, the public affairs officer at Kentucky State Police Post 7 in Richmond. All missing people have been accounted for.Enbridge has isolated a section of the 30-inch pipeline, part of the Texas Eastern system, near Danville and is working with authorities to secure the site, Michael Barnes, a company spokesman, said in an interview. Texas Eastern is one of the largest pipeline systems in the U.S., stretching almost 9,000 miles from the Northeast to the Gulf Coast.Senate Majority Leader Mitch McConnell, who represents Kentucky, said in a statement that his office is “closely monitoring” the explosion.Natural gas futures for Sept. delivery rose as much as 4.5% Thursday on the New York Mercantile Exchange to $2.333, the highest since July 18. They declined 0.7% to $2.217 per million British thermal units at 1:17 p.m. Enbridge shares were up 1.4%.Supply for next-day delivery at hubs serving Appalachia, the largest U.S. producing region, fell as the blast left output stranded in the area. Tetco M3 for delivery Friday fell to $1.96 per million British thermal units from $2.04, while Dominion South traded at $1.85 after settling at $1.94 Wednesday, according to David Hoy, a trader at Dynasty Power Inc. in Calgary.The explosion comes as gas suppliers face increased scrutiny about safety following a number of recent blasts. In September, a series of explosions on a systems operated by NiSource Inc.’s Columbia Gas of Massachusetts erupted in the towns of Lawrence, Andover and North Andover, killing one person and injuring more than two dozen. And in October, a rupture on Enbridge’s Westcoast Mainline gas system caused fuel shortages in the Pacific Northwest.This was the third significant incident on the line in four years, and it’s cutting southbound flows to zero from 1.7 billion cubic feet per day on Wednesday, according to BloombergNEF analysts.What BloombergNEF saysThe explosion in Kentucky, which killed one person, will create a major supply shortfall for the South Central region. Spot and prompt futures on the Nymex September contract are bid as a result this morning, while Appalachian basis is getting offered violently.--Jennifer Cogburn and Laurent Key, analystsClick here to read the research(Updates with impacts of the fire starting in third paragraph.)\--With assistance from Naureen S. Malik.To contact the reporters on this story: Christopher Martin in New York at cmartin11@bloomberg.net;Andres Guerra Luz in Houston at aluz8@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Christine BuurmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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