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Enbridge Inc (ENB.TO)

ENB.TO on Toronto Stock Exchange

50.35CAD
24 May 2019
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Latest Key Developments (Source: Significant Developments)

Enbridge Inc Reports Q1 Earnings Per Share C$0.94
Friday, 10 May 2019 07:00am EDT 

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 07:00am EST 

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 12:00pm EST 

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
Monday, 10 Dec 2018 07:34pm EST 

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
Monday, 5 Nov 2018 05:42pm EST 

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 06:59am EDT 

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

Enbridge: No Injuries After Natgas Pipeline Rupture in British Columbia
Tuesday, 9 Oct 2018 11:08pm EDT 

Oct 9 (Reuters) - Enbridge Inc ::ENBRIDGE SAYS AT ABOUT 5:45 P.M. PST TUESDAY, A RUPTURE OCCURRED ON A NATURAL GAS PIPELINE OWNED BY IT ABOUT 13.5 KM NORTH OF PRINCE GEORGE, B.C..ENBRIDGE SAYS RUPTURE IGNITED AT THE SITE WHICH IS IN A RURAL AREA IN BRITISH COLUMBIA; NO REPORTS OF INJURIES.ENBRIDGE SAYS ITS EMERGENCY CREWS HAVE ISOLATED AND ARE CURRENTLY DEPRESSURIZING TWO NATURAL GAS TRANSMISSION LINES IN THE VICINITY.ENBRIDGE SAYS THE INCIDENT AREA HAS BEEN CORDONED OFF TO MAINTAIN PUBLIC SAFETY.ENBRIDGE SAYS "APPROXIMATELY 100 PEOPLE IN THE LHEIDLI T'ENNEH FIRST NATION IN THE VICINITY HAVE BEEN EVACUATED AS A PRECAUTION".  Full Article

Minnesota regulator approves pipeline path similar to Enbridge preference
Thursday, 28 Jun 2018 06:14pm EDT 

June 28 (Reuters) - Minnesota regulator considering Enbridge Line 3 oil pipeline on Thursday::MINNESOTA PUBLIC UTILITIES COMMISSION APPROVES PERMIT FOR LINE 3 PIPELINE ROUTE PREFERRED BY ENBRIDGE, WITH CHANGE FOR SMALL STRETCH.  Full Article

Minnesota regulator approves Enbridge Line 3 oil pipeline
Thursday, 28 Jun 2018 04:05pm EDT 

June 28 (Reuters) - Minnesota Public Utilities Commission met on Thursday about Enbridge Inc's Line 3 oil pipeline::MINNESOTA PUBLIC UTILITIES COMMISSION APPROVES CERTIFICATE OF NEED FOR ENBRIDGE LINE 3 OIL PIPELINE.  Full Article

E Split Corp Files Preliminary Prospectus For IPO Of Preferred Shares And Class A Shares
Friday, 18 May 2018 11:21am EDT 

May 18 (Reuters) - Enbridge Inc ::E SPLIT CORP - FILED PRELIMINARY PROSPECTUS IN RELATION TO AN INITIAL PUBLIC OFFERING OF PREFERRED SHARES AND CLASS A SHARES.E SPLIT CORP - WILL INVEST IN COMMON SHARES OF ENBRIDGE INC.  Full Article

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Enbridge warns Line three pipeline cost could exceed C$9 billion

CALGARY, Alberta Enbridge Inc, Canada's largest pipeline operator, said on Friday there is a risk its Line 3 replacement project could exceed its previous cost estimate of C$9 billion ($6.71 billion) because of delays to permits in the United States.