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Enbridge Inc (ENB.TO)

ENB.TO on Toronto Stock Exchange

50.00CAD
14 Nov 2019
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Latest Key Developments (Source: Significant Developments)

Enbridge Inc Q3 GAAP Earnings Per Share C$0.47
Friday, 8 Nov 2019 

Nov 8 (Reuters) - Enbridge Inc ::. REPORTS STRONG THIRD QUARTER 2019 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE C$0.56.Q3 EARNINGS PER SHARE ESTIMATE C$0.52 -- REFINITIV IBES DATA.Q3 GAAP EARNINGS PER SHARE C$0.47.DISTRIBUTABLE CASH FLOW OF $2,105 MILLION FOR Q3 OF 2019, COMPARED TO $1,585 MILLION FOR Q3 OF 2018.IN LIQUIDS PIPELINES, REACHED COMMERCIAL AGREEMENT TO PLACE CANADIAN PORTION OF LINE 3 REPLACEMENT PROJECT INTO SERVICE LATER THIS YEAR.LIQUIDS PIPELINES IS ALSO MOVING FORWARD WITH AROUND 100 KBPD OF OPTIMIZATIONS.ON LIQUIDS MAINLINE CONTRACT OFFERING, CONTINUE TO HAVE STRONG SUPPORT FOR A PRIORITY ACCESS OFFERING FROM SHIPPERS.PLAN TO FILE AN APPLICATION TO REGULATOR AS SOON AS PRACTICAL ON LIQUIDS MAINLINE CONTRACT OFFERING.PLANS TO MOVE AHEAD TO PLACE CANADIAN SEGMENT OF LINE 3 REPLACEMENT IN SERVICE ON DECEMBER 1, 2019.CAPITAL COST FOR LINE 3 REPLACEMENT PROJECT CAME IN SLIGHTLY BELOW BUDGET IN CANADA.ENBRIDGE - ANTICIPATE SEVERAL PROJECTS WILL BE PLACED INTO SERVICE IN 2019, INCLUDING $0.7 BILLION INVESTMENT IN GRAY OAK PIPELINE.GRAY OAK PIPELINE IS ON TRACK FOR COMPLETION BY END OF YEAR.DEPENDING ON FINAL IN-SERVICE DATE, THERE IS A RISK THAT LINE 3 REPLACEMENT PROJECT MAY EXCEED TOTAL COST ESTIMATE OF $9 BILLION.HAS NOW RECEIVED TOTAL PROCEEDS OF $6.1 BILLION, INCLUDING $0.4 BILLION FROM CLOSING OF SALE OF ENBRIDGE GAS NEW BRUNSWICK ON OCTOBER 1, 2019.  Full Article

Enbridge awaiting timing on Line 3 from Minnesota regulator
Friday, 2 Aug 2019 

Aug 2 (Reuters) - Enbridge Inc executives, speaking on a conference call::CEO SAYS MAINLINE CONTRACT TERMS ENSURE BALANCED ACCESS FOR ALL TYPES OF SHIPPING CUSTOMERS.PREPARING FOR CONSTRUCTION OF LINE 3 REPLACEMENT, AWAITS MINNESOTA REGULATOR TO SET TIMING FOR NEW ENVIRONMENT IMPACT STATEMENT-CEO.CEO SAYS MICHIGAN CONSUMERS WOULD SEE 'MASSIVE INCREASE IN COSTS' IN LOW PROBABILITY THAT LINE 5 OIL PIPELINE SHUTS DOWN.EXEC VP OF LIQUIDS SAYS POTENTIAL REVERSAL OF SOUTHERN LIGHTS OIL PIPELINE HINGES ON RESULTS OF OPEN SEASON FOR MAINLINE.EXEC VP OF LIQUIDS SAYS DOES NOT THINK MINNESOTA REGULATORY PROCESS ABOUT LINE 3 CERTIFICATE, ROUTE APPROVALS NEEDS TO BE REOPENED.  Full Article

Enbridge Q2 Adjusted Earnings Per Share C$0.67
Friday, 2 Aug 2019 

Enbridge Inc ::. REPORTS STRONG SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE C$0.67.Q2 EARNINGS PER SHARE ESTIMATE C$0.60 -- REFINITIV IBES DATA.Q2 GAAP EARNINGS PER SHARE C$0.86.CONTINUE TO ANTICIPATE FULL YEAR RESULTS TO BE ABOUT MIDDLE OF OUR 2019 DCF GUIDANCE RANGE OF $4.30 TO $4.60 PER SHARE.YESTERDAY WE EXPERIENCED A RUPTURE ON ONE OF OUR TEXAS EASTERN NATURAL GAS PIPELINES NEAR DANVILLE, KENTUCKY.ONE CONFIRMED FATALITY FROM RUPTURE ON ONE OF OUR TEXAS EASTERN NATURAL GAS PIPELINES NEAR DANVILLE.PROCEEDING WITH $2 BILLION OF NEW GROWTH PROJECTS ACROSS SEVERAL BUSINESS UNITS.MOVING FORWARD WITH ITS FIRST OFFSHORE WIND PROJECT IN FRANCE.WIND PROJECT IN FRANCE EXPECTED TO COME INTO SERVICE IN LATE 2022.IMPACTED TEXAS EASTERN NATURAL GAS PIPELINE WILL NOT BE RETURNED INTO SERVICE UNTIL IT IS "ABSOLUTELY SAFE TO DO SO".DELAY IN LINE 3 REPLACEMENT PROJECT IN-SERVICE DATE FROM LATE 2019 IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON LEVERAGE RATIOS.QTRLY DCF OF $2,310 MILLION COMPARED TO $1,858 MILLION.  Full Article

Enbridge Responding to Incident on Texas Eastern Natgas Line In Kentucky
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Enbridge Inc ::ENBRIDGE SAYS RESPONDING TO INCIDENT ON ITS TEXAS EASTERN NATURAL GAS PIPELINE NEAR DANVILLE, KENTUCKY.ENBRIDGE SAYS "WE HAVE ISOLATED THE AFFECTED LINE AND ARE WORKING CLOSELY WITH EMERGENCY RESPONDERS TO MANAGE THE SITUATION".RELATED: A GAS LINE EXPLOSION EARLY ON THURSDAY IN RURAL KENTUCKY SENT UP A BALL OF FLAME THAT COULD BE SEEN FOR MILES, KILLING ONE PERSON AND SETTING SEVERAL HOUSES ON FIRE, A LOCAL SHERIFF SAID. nL2N24X08K.  Full Article

Enbridge Inc Reports Q1 Earnings Per Share C$0.94
Friday, 10 May 2019 

May 10 (Reuters) - Enbridge Inc ::. REPORTS STRONG FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE C$0.81.Q1 EARNINGS PER SHARE ESTIMATE C$0.72 -- REFINITIV IBES DATA.Q1 GAAP EARNINGS PER SHARE C$0.94.DISTRIBUTABLE CASH FLOW WAS $2,758 MILLION FOR Q1 OF 2019, COMPARED TO $2,312 MILLION FOR Q1 OF 2018.REAFFIRMED FINANCIAL GUIDANCE RANGE FOR 2019 DISTRIBUTABLE CASH FLOW PER SHARE.ANNOUNCING OPEN SEASON SUPPORTING A $0.2 BILLION EXPANSION OF DAWN-PARKWAY GAS TRANSMISSION SYSTEM.WILL NO LONGER REQUIRE EXTERNAL EQUITY TO SUPPORT ITS GROWTH PROGRAM GOING FORWARD.EFFECTIVE JUNE 1, 2019. COLIN GRUENDING IS APPOINTED EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER.JOHN WHELEN IS APPOINTED EXECUTIVE VICE PRESIDENT & CHIEF DEVELOPMENT OFFICER.VERN YU IS APPOINTED PRESIDENT & CHIEF OPERATING OFFICER, LIQUIDS PIPELINES.COLIN GRUENDING MOST RECENTLY HELD POSITION OF SENIOR VICE PRESIDENT, CORPORATE DEVELOPMENT & INVESTMENT REVIEW.ON LINE 3 REPLACEMENT PROJECT, EXPECT CONSTRUCTION TO COMPLETE ON CANADIAN SEGMENT OF LINE BY END OF MAY.ON LINE 3 REPLACEMENT PROJECT, EXPECT TO BRING FULL PROJECT INTO SERVICE WITHIN SECOND HALF OF 2020.CONSTRUCTION COSTS FOR THE LINE 3 REPLACEMENT PROJECT ARE TRACKING BELOW BUDGET IN CANADA AND ABOVE BUDGET IN THE U.S..ON LINE 3, PROJECT TRACKING ABOVE BUDGET IN THE U.S. DUE TO PERMITTING DELAYS IN MINNESOTA.ON LINE 3, THERE IS A RISK THAT THE PROJECT WILL EXCEED THE COMPANY'S TOTAL COST ESTIMATE OF $9 BILLION.  Full Article

Enbridge - Q4 Adjusted Earnings Per Share C$0.65
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Enbridge Inc ::REPORTS STRONG FOURTH QUARTER AND FULL YEAR 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE C$0.65.Q4 GAAP EARNINGS PER SHARE C$0.60.Q4 EARNINGS PER SHARE ESTIMATE C$0.62 -- REFINITIV IBES DATA.REAFFIRMED FINANCIAL GUIDANCE FOR 2019 AND 2020.DISTRIBUTABLE CASH FLOW (DCF) WAS $1,863 MILLION FOR Q4.CONTINUE TO EXPECT TO BRING LINE 3 REPLACEMENT PROJECT INTO SERVICE BEFORE END OF 2019.POST 2020 CO EXPECTS TO BE ABLE TO DEPLOY $5-6 BILLION PER YEAR ON ORGANIC GROWTH ON A SELF-FUNDED BASIS WHILE MAINTAINING DEBT METRICS.  Full Article

TransCanada says no estimated return to service for Keystone oil line
Friday, 8 Feb 2019 

Feb 8 (Reuters) - TransCanada Corp spokesman said in an email::TRANSCANADA SAYS MISSOURI OIL SPILL LIKELY ORIGINATES FROM KEYSTONE PIPELINE, NO ESTIMATED TIMELINE TO RETURN TO SERVICE.  Full Article

Athabasca Oil Corp Announces $265 Mln Leismer Infrastructure Transaction
Tuesday, 11 Dec 2018 

Dec 10 (Reuters) - Athabasca Oil Corp ::ORATION ANNOUNCES $265 MILLION LEISMER INFRASTRUCTURE TRANSACTION, PRELIMINARY 2019 CAPITAL GUIDANCE OF $95 - $110 MILLION AND STREAMLINED COST STRUCTURE.ATHABASCA HAS ENTERED INTO AN AGREEMENT WITH ENBRIDGE INC FOR SALE OF ITS LEISMER PIPELINES AND CHEECHAM STORAGE TERMINAL.SEES PRODUCTION GUIDANCE RANGE OF 37,500 - 40,000 BOE/D (88% LIQUIDS) FOR 2019.IN LIGHT OIL, CAPITAL EXPENDITURES FOR 2019 ARE EXPECTED TO RANGE BETWEEN $15 MILLION- 30 MILLION.IN LIGHT OIL, SEES 2019 NET WITH PRODUCTION GUIDANCE BETWEEN 10,000 BOE/D - 11,000 BOE/D.25% REDUCTION IN HEAD OFFICE STAFF EFFECTIVE IMMEDIATELY.EXECUTIVES AND DIRECTORS ELECTING A SALARY ROLLBACK OF 10%.  Full Article

Painted Pony Qtrly Loss Per Share $0.09
Tuesday, 6 Nov 2018 

Nov 5 (Reuters) - Painted Pony Energy Ltd ::PAINTED PONY GROWS THIRD QUARTER PRODUCTION BY 38% AND ANNOUNCES THIRD QUARTER FINANCIAL AND OPERATIONAL RESULTS.PAINTED PONY ENERGY LTD - INCREASED Q3 2018 AVERAGE DAILY PRODUCTION BY 38% TO 350.0 MMCFE/D (58,330 BOE/D).PAINTED PONY ENERGY LTD - GREW QTRLY LIQUIDS PRODUCTION BY 37% TO 5,248 BBLS/D.PAINTED PONY ENERGY LTD QTRLY LOSS PER SHARE $0.09.PAINTED PONY ENERGY LTD QTRLY PETROLEUM AND NATURAL GAS REVENUE $90.2 MILLION VERSUS $50.0 MILLION.PAINTED PONY ENERGY LTD QTRLY ADJUSTED FUNDS FLOW FROM OPERATION PER SHARE DILUTED $0.18.PAINTED PONY ENERGY - AS A RESULT OF OCT. 9 INCIDENT ON T-SOUTH PIPELINE SYSTEM, CO'S QTRLY NATURAL GAS PRODUCTION VOLUMES WERE IMPACTED.PAINTED PONY ENERGY LTD SEES ADJUSTED 2018 ANNUAL PRODUCTION VOLUME GUIDANCE OF 339 MMCFE/D (56,500 BOE/D) AND 348 MMCFE/D (58,000 BOE/D).PAINTED PONY ENERGY - DUE TO TRANSPORTATION INTERRUPTIONS RESULTING FROM T-SOUTH INCIDENT, CO SEES Q4 PRODUCTION VOLUMES TO BE BETWEEN 303-312 MMCFE/D.  Full Article

Enbridge Suspends Dividend Reinvestment And Share Purchase Plan
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Enbridge Inc ::ENBRIDGE SUSPENDS DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN.ENBRIDGE SUSPENDS DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN.ENBRIDGE INC - COMPANY HAS ELECTED TO SUSPEND DRIP AT THIS TIME GIVEN SUBSTANTIAL PROGRESS ON ITS FUNDING AND ASSET SALES PLAN.ENBRIDGE INC - SHAREHOLDERS ONLY RECEIVE DIVIDENDS IN CASH EFFECTIVE WITH DIVIDEND CURRENTLY SCHEDULED TO BE PAID ON DECEMBER 1, 2018.  Full Article

UPDATE 3-Enbridge to file for pipeline overhaul after regulatory halt

Nov 8 Enbridge Inc, said on Friday it plans to seek the Canada Energy Regulator's approval to auction off rights to ship crude on its Mainline system, more than a month after the watchdog said the company will not be allowed to offer contracted space on the pipeline to shippers.