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Last C$57.01 CAD
Change Today +0.72 / 1.28%
Volume 1.8M
As of 4:00 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

enbridge inc (ENB) Snapshot

Open
C$57.01
Previous Close
C$56.29
Day High
C$57.85
Day Low
C$56.68
52 Week High
04/20/15 - C$66.14
52 Week Low
10/15/14 - C$47.41
Market Cap
48.8B
Average Volume 10 Days
2.0M
EPS TTM
C$2.05
Shares Outstanding
856.7M
EX-Date
08/12/15
P/E TM
27.8x
Dividend
C$1.86
Dividend Yield
2.86%
Current Stock Chart for ENBRIDGE INC (ENB)

enbridge inc (ENB) Related Bloomberg News

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enbridge inc (ENB) Details

Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The company’s Gas Distribution segment operates as a natural gas utility that serves residential, commercial, and industrial customers in Central and Eastern Ontario, and Northern New York State, as well as in Quebec and New Brunswick. Its Gas Pipelines, Processing and Energy Services segment has interests in natural gas pipelines, including the Vector Pipeline and transmission and gathering pipelines in the Gulf of Mexico, as well as holds an interest in Aux Sable, a natural gas fractionation and extraction facility. This segment is also involved in the renewable energy projects, such as wind, solar, and geothermal projects with a generating capacity of approximately 2,200 MW. In addition, this segment provides energy supply and marketing services to refiners, producers, and other customers; customer services, such as transportation, storage, supply management, hedging programs, and product exchanges; and natural gas supply, transportation, balancing, and storage to third parties. The company’s Sponsored Investments segment, through its 33.7% interest in Enbridge Energy Partners, L.P, transports crude oil and other liquid hydrocarbons through common carrier and feeder pipelines; and transports, gathers, processes, and markets natural gas and NGL. This segment is also involved in renewable power generation, natural gas transmission, and crude oil and liquids pipelines transportation. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

11,000 Employees
Last Reported Date: 02/19/15
Founded in 1949

enbridge inc (ENB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$408.9K
President of Liquids Pipelines
Total Annual Compensation: C$512.3K
President of Gas Pipelines & Processing
Total Annual Compensation: C$417.8K
Executive Vice President
Total Annual Compensation: C$775.5K
Compensation as of Fiscal Year 2014.

enbridge inc (ENB) Key Developments

Enbridge Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for 2015

Enbridge Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's earnings attributable to common shareholders from continuing operations were CAD 577 million, compared to CAD 756 million for the last year. Earnings attributable to common shareholders were CAD 577 million or CAD 0.67 per diluted share, compared to CAD 756 million or CAD 0.91 per diluted share for the last year. Adjusted earnings were CAD 505 million or CAD 0.60 per diluted share, compared to CAD 328 million or CAD 0.40 per diluted share for the last year. Cash provided by operating activities was CAD 1,350 million, compared to CAD 812 million for the last year. Available cash flow from operations (ACFFO) increased to CAD 808 million, or CAD 0.96 per common share, from CAD 516 million, or CAD 0.63 per common share for the second quarter of 2014. For the six months, the company's earnings attributable to common shareholders from continuing operations were CAD 194 million, compared to CAD 1,100 million for the last year. Earnings attributable to common shareholders were CAD 194 million or CAD 0.23 per diluted share, compared to CAD 1,146 million or CAD 1.38 per diluted share for the last year. Adjusted earnings were CAD 973 million or CAD 1.15 per diluted share, compared to CAD 820 million or CAD 1.00 per diluted share for the last year. Cash provided by operating activities was CAD 2,860 million, compared to CAD 1,145 million for the last year. Maintenance capital expenditures during the year were lower than second quarter of 2014. This was primarily a timing issue, although maintenance capital spending in second quarter of 2014 was a little higher than normal as a result of some specific program spending that has now ended. For the year 2015, the company expects remain solidly on track to be within full year adjusted earnings guidance range of CAD 2.05 to CAD 2.35 per share. The company announced 2015 available cash flow from operations guidance of CAD 3.30 to CAD 4.00 per common share. The company expected that maintenance capital over the 2015 year will be higher than incurred in the first half of the year, which is in line with normal seasonal patterns but should be lower than what disclosed for 2014 as maintenance expenditures last year were higher due to some onetime initiatives.

Enbridge Inc. Declares Quarterly Dividend on Common and Preferred Shares, Payable on September 1, 2015

The board of directors for Enbridge Inc. has declared a quarterly dividend of CAD 0.46500 per common share, payable on September 1, 2015 to shareholders of record on August 14, 2015. The board also declared quarterly dividends of CAD 0.34375 per share on preference share series A; CAD 0.25 per share on preference share series B; CAD 0.25 per share on preference share series D; CAD 0.25 per share on preference share series F; CAD 0.25 per share on preference share series H; USD 0.25 per share on preference share series J; USD 0.25 per share on preference share series L; CAD 0.25 per share on preference share series N; CAD 0.25 per share on preference share series P; CAD 0.25 per share on preference share series R, USD 0.25 per share on preference share series 1; CAD 0.25 on preference shares series 3; USD 0.275 on preference shares series 5; CAD 0.275 on preference shares series 7; CAD 0.275 on preference shares series 9; CAD 0.275 on preference shares series 11; CAD 0.275 on preferred share, series 13 and CAD 0.275 on preferred shares, series 15. All dividends are payable on September 1, 2015 to shareholders of record on August 14, 2015.

Enbridge Mulls Acquisitions

Enbridge Inc. (TSX:ENB) intends to pursue acquisitions. Enbridge has agreed to acquire Enbridge Income Fund. The deal is expected to provide alternative sources of funding for Enbridge's enterprise-wide growth initiatives and enhance its competitiveness for new organic growth opportunities and asset acquisitions.

 

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Industry Analysis

ENB

Industry Average

Valuation ENB Industry Range
Price/Earnings 100.0x
Price/Sales 1.4x
Price/Book 4.2x
Price/Cash Flow 20.6x
TEV/Sales NM Not Meaningful
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