Headquartered in Calgary, AB·Fiscal year ends December·NYSE: ENB·enbridge.com
About Enbridge
Enbridge Inc. is a North American energy infrastructure company operating four core businesses.
- **Liquids Pipelines:** crude oil transportation, including the Mainline System, Flanagan South, Spearhead and Seaway pipelines (Mainline & Market Access), Regional Oil Sands and Express-Platte systems, and Gulf Coast assets including Gray Oak, Cactus II, the Enbridge Ingleside Energy Center, Southern Lights and the Bakken System.
- **Gas Transmission:** U.S. and Canadian natural gas pipelines and storage, such as Texas Eastern, East Tennessee Natural Gas and Westcoast's B.C. Pipeline, plus Tomorrow RNG, Gulf Offshore assets and an investment in DCP Midstream.
- **Gas Distribution and Storage:** regulated utilities including Enbridge Gas Ontario, Enbridge Gas Ohio, Enbridge Gas Utah (supported by Wexpro cost-of-service gas supply) and Enbridge Gas North Carolina.
- **Renewable Power Generation:** more than 8 GW of wind and solar built across North America and Europe, including European offshore wind.
Most earnings come from contracted, cost-of-service or rate-regulated assets. The company is expanding through about $38 billion of secured growth projects and tuck-in acquisitions, including Tallgrass Energy's crude oil business (Pony Express) and Salt Creek Midstream's Permian gathering assets. Common shares trade on the TSX and NYSE under ENB. Updated
Latest Activity
Earnings · 2026 Q3Greg EbelCEO
“The acquisition of Tallgrass Energy's crude oil business will expand our presence in the Bakken, Powder River and Denver-Julesburg basins by adding a highly contracted pipeline with connectivity from Guernsey, WY to Cushing, OK. This acquisition is expected to provide us with a new corridor through the U.S. Rockies, complementing our existing assets, including Express-Platte and Seaway.
Enbridge is buying its way into a third crude artery out of the Rockies, stacking Tallgrass barrels from Wyoming to Cushing on top of Express-Platte and Seaway. For a $107 billion dividend payer, contracted takeaway from the Bakken and DJ is the kind of fee-based cash flow that funds the payout.
“Our secured growth backlog stands at $38 billion, even as we placed $3 billion of completed projects into service this quarter. We've consistently added new projects to our backlog this year, positioning us well to deliver on our $10–20 billion target for new project announcements through 2027.
Enbridge is replenishing its pipeline of work as fast as it burns through it, keeping the secured backlog flat even after $3 billion of projects started earning cash this quarter. For a $107 billion dividend payer, that refill rate is the whole story behind future cash flow growth.
“Finally, as I get set to retire in January, I want to express my sincere appreciation to our investors... I am thrilled that Michele Harradence will be leading Enbridge forward at this time of great opportunity.
A $107 billion pipeline giant is changing hands at the top in January, with Michele Harradence taking over from Ebel on the third-quarter earnings call. Succession at Enbridge means dividend policy and capital allocation now run through a new decision maker, so listen for how she frames the growth backlog.
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Enbridge Inc. is a North American energy infrastructure company operating four core businesses. - **Liquids Pipelines:** crude oil transportation, including the Mainline System, Flanagan South, Spearhead and Seaway pipelines (Mainline & Market Access), Regional Oil Sands and Express-Platte systems, and Gulf Coast…
What is the ENB stock price target?
24/7 Wall St.'s 12-month price target for ENB is $53.72, rated Buy. The Wall Street consensus target is $50.82. ENB price prediction →
