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Enbridge Inc.

Company Summary

Description

Over the past 65 years, Enbridge has become a leader in the safe and reliable delivery of energy in North America and is proud to be recognized as one of the Global 100 Most Sustainable Corporations in the World.

Website

http://www.enbridge.com/

Financial Data:

NYSE:ENB from Google Finance

Tickers:

  • ENB - New York Stock Exchange
  • ENB - Toronto Stock Exchange

Related Entities

Recent news

  • 7/29/2022 - Enbridge Has Commenced... (subscriber access)
  • 7/29/2022 - Enbridge Investing Into... (subscriber access)
  • 7/29/2022 - Enbridge Completes... (subscriber access)
  • 7/29/2022 - Enbridge Sanctioned the... (subscriber access)
  • 7/29/2022 - Enbridge Issues 2Q22... (subscriber access)

Investor Presentations

  • Enbridge EIC Investor Presentation May 2022
  • 2021 Investor Day (subscriber access)
  • Moda Midstream Acquisition (subscriber access)
  • 2Q21 Earnings Presentation (subscriber access)
  • 4Q20 Earnings Presentation (subscriber access)
  • 3Q20 Earnings Presentation (subscriber access)
  • 2Q20 Investor Presentation (subscriber access)
  • 1Q20 Earnings Presentation (subscriber access)
  • 2019 Annual Investor Day (subscriber access)
  • 3Q19 Investor Presentation (subscriber access)
  • 2Q19 Investor Presentation (subscriber access)
  • 1Q19 Investor Presentation (subscriber access)
  • 2018 Investor Day Presentation (subscriber access)
  • 3Q18 Investor Presentation (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • Fourth Quarter 2017 Supplemental Slides (subscriber access)
  • 3Q17 Financial Results & Update (subscriber access)
  • 2Q17 Financial Results & Strategic Update (subscriber access)
  • 1Q17 Financial Results and Strategic Update (subscriber access)
  • 4Q16 Earnings Presentation (subscriber access)
  • 2017 Investment Community Presentation (subscriber access)
  • Investment Community Presentation (subscriber access)
  • First Quarter 2016 Strategic and Financial Update (subscriber access)
  • April 2016 Investment Community Presentation (subscriber access)
  • 2016 TD Securities London Energy Conference (subscriber access)

Company Transactions

Date: 1/15/2022
Type: Acquisition

SELLERS:
  • Enbridge Inc.
  • DETAILS:

    COST: 1.14 $B

    NOTES:
    Enbridge has reached an agreement to sell its full 38.9% non-operating minority interest in Noverco Inc. for $1.14 billion in cash to Trencap, net of the company's non-recourse debt which will be assumed by Trencap.
    REGIONS:
  • Canada
  • Northeast
  • Date: 9/7/2021
    Type: Acquisition

    NOTES:
    Enbridge Inc. has reached a deal with EnCap Flatrock Midstream to acquire Moda Midstream Operating for $3 billion in cash. The primary asset being acquired via Moda is their Ingleside Energy Center, which is North America's largest crude export terminal with 1.5 MMbbl/d in export capacity and 15.6 million barrels of storage
    REGIONS:
  • Gulf Coast
  • Date: 1/31/2021
    Type: Acquisition

    BUYERS:
  • Enbridge Inc.
  • DETAILS:

    COST: 132 $MM

    VOLUMES: 6.5 MM Bbls

    NOTES:
    The crude storage business was sold to Enbridge for $132 million and included 6.6 MMbbl in storage in Cushing, Oklahoma.
    REGIONS:
  • Cushing Oil Terminal
  • Date: 3/31/2020
    Type: Acquisition

    NOTES:
    Enbridge has reached a definite agreement with NextDecade to acquire the Rio Bravo Pipeline Company for $25 million, with $15 million of that to be paid upon FID of the Rio Grande LNG Terminal.
    REGIONS:
  • Port of Brownsville
  • Gulf Coast
  • Date: 10/2/2019
    Type: Acquisition

    DETAILS:

    COST: 249.82 $MM

    NOTES:
    Algonquin Power & Utilities, via its subsidiary Liberty Utilities, has entered into a deal to acquire Enbridge Gas New Brunswick Limited Partnership
    REGIONS:
  • Canada
  • Date: 9/23/2019
    Type: Acquisition

    BUYERS:
  • Enbridge Inc.
  • DETAILS:

    VOLUMES: 10.5 Percent

    NOTES:
    Enbridge has acquired a 10.5% ownership stake in the proposed Annova LNG export terminal at the Port of Brownsville.
    REGIONS:
  • Gulf Coast
  • Date: 2/15/2019
    Type: Acquisition

    BUYERS:
  • Enbridge Inc.
  • DETAILS:

    COST: 100 $MM

    VOLUMES: 355 Mmcf/d

    NOTES:
    Enbridge reported that they have acquired Generation Pipeline for $100 million, which includes a 355 Mmcf/d pipeline which will interconnect with Nexus.
    REGIONS:
  • Northeast
  • Date: 1/16/2019
    Type: Acquisition

    NOTES:
    Enbridge is acquiring existing liquids pipeline and terminal assets connected with Athabasca Oil Corporation's Leismer SAGD oil sands assets for $265 million
    REGIONS:
  • Western Canadian Sedimentary Basin
  • Date: 12/31/2018
    Type: Acquisition

    SELLERS:
  • Enbridge Inc.
  • DETAILS:

    COST: 4.31 $B

    VOLUMES: 3.3 Bcf/d

    NOTES:
    In sum, this sale includes 19 natural gas processing plants and liquids handling facilities which have a capacity of 3.3 Bcf/d and 3,550-km on natural gas gathering pipelines. The sale of provincially regulated facilities will close in 2018, while the federally regulated assets will close in mid-2019.
    REGIONS:
  • Montney Formation
  • Peace River
  • Horn River
  • Western Canadian Sedimentary Basin
  • Date: 12/31/2018
    Type: Merger

    NOTES:
    Enbridge Inc. has agreed to acquire all outstanding Class A common units of Enbridge Energy Partners and all of the outstanding public Listed Shares of Enbridge Energy Management, L.L.C

    Date: 12/31/2018
    Type: Merger

    BUYERS:
  • Enbridge Inc.
  • DETAILS:

    COST: 4.7 $B

    NOTES:
    Enbridge has entered into a $4.7 billion deal to acquire all issued and outstanding public common shares of Enbridge Income Fund Holdings.

    Date: 12/17/2018
    Type: Merger

    BUYERS:
  • Enbridge Inc.
  • DETAILS:

    COST: 3.3 $B

    NOTES:
    Enbridge has entered into a deal to acquire all outstanding public units of Spectra Energy Partners as part of a corporate structure simplification. They will buy shares by issuing 1.111 common shares of Enbridge for each common unit of Spectra, with the transaction being valued at $3.3 billion. Closing is expected in the fourth quarter of 2018.

    Date: 12/11/2018
    Type: Acquisition

    BUYERS:
  • Enbridge Inc.
  • PROJECTS:
  • Gray Oak Pipeline
  • DETAILS:

    COST: 600 $MM

    NOTES:
    Enbridge has acquired a 22.75% stake in the Gray Oak Pipeline Project.
    REGIONS:
  • Permian Basin
  • Date: 8/3/2018
    Type: Acquisition

    NOTES:
    Enbridge entered into a deal with the Canada Pension Plan Investment Board to sell a 49% stake in select North American renewable power assets and two offshore wind projects in Germany. This includes all of Enbridge's Canadian renewable assets held by Enbridge Income Fund, the Cedar Point Wind Farm in Colorado and the Silver State North Solar Project in Nevada.
    REGIONS:
  • North America
  • Europe
  • Date: 8/2/2018
    Type: Acquisition

    NOTES:
    The deal includes legacy gathering & processing in Texas and Oklahoma, a long-haul NGL transmission system and the marketing and logistics business. On an asset level, the acquisition includes 11,900 miles of gas & NGL pipelines, 25 processing plants with >2 Bcf/d in capacity, 12 treating plants, an E/P fractionator and other liquids logistics assets.
    REGIONS:
  • South Central
  • Date: 1/1/2018
    Type: Acquisition

    NOTES:
    Algonquin Power & Utilities Corp. has entered into an agreement to acquire St. Lawrence Gas Company, a subsidiary of Enbridge Gas Distribution Inc. for $70 million.
    REGIONS:
  • Northeast
  • Date: 7/31/2017
    Type: Acquisition

    SELLERS:
  • Enbridge Inc.
  • DETAILS:

    COST: 200 $MM

    NOTES:
    On July 31, 2017, Enbridge completed the sale of its interest in the Olympic refined products pipeline (Olympic Pipeline) for $0.2 billion. This sale further bolsters the balance sheet and brings total asset monetizations executed to $2.5 billion since the announcement of the merger with Spectra Energy Corp (Spectra Energy) (the Merger Transaction)
    REGIONS:
  • West
  • Date: 6/30/2017
    Type: Acquisition

    NOTES:
    Spectra Energy Partners, a subsidiary of Enbridge, has entered into a purchase and sale agreement with PSEG to acquire it's 10% stake in the PennEast Pipeline Project.
    REGIONS:
  • Northeast
  • Date: 2/17/2017
    Type: Acquisition

    NOTES:
    Enbridge Inc. has acquired 50% interest in the 490 MW Hohe See wind project located in the North Sea, 98 kilometers off the coast of Germany.
    REGIONS:
  • North Sea
  • Date: 2/15/2017
    Type: Acquisition

    NOTES:
    Enbridge Energy Partners, Enbridge Inc and Marathon Petroleum have announced a joint venture to acquire a 36.75% interest in the Bakken Pipeline System from a holding company with a 75% interest in the System. The joint venture is called the MarEn Bakken Pipeline Company LLC. Enbridge will own 27.6% of the pipelines through MarEn and Marathon will own 9.15% of the pipeline projects.
    REGIONS:
  • Bakken
  • Gulf Coast
  • Date: 2/15/2017
    Type: Acquisition

    BUYERS:
  • Enbridge Inc.
  • DETAILS:

    COST: 28 $B

    NOTES:
    Will create the largest energy infrastructure company in North America after the transaction concludes in the first quarter of 2017.
    REGIONS:
  • North America
  • Date: 11/15/2016
    Type: Acquisition

    REGIONS:
  • Western Canadian Sedimentary Basin
  • Saskatchewan
  • Date: 5/10/2016
    Type: Acquisition

    BUYERS:
  • Enbridge Inc.
  • DETAILS:

    COST: 217 $MM

    NOTES:
    50% stake in Eolien
    REGIONS:
  • International