Enbridge Inc. (TSX, NYSE: ENB)

Calgary-based Enbridge operates the world’s longest crude oil and liquids transportation system. The company also owns and operates Canada’s largest natural gas distribution company and provides distribution services in Ontario, Quebec, New Brunswick, and New York State. The company is stepping up its activity in the renewable power sector including wind farms, solar, and geothermal energy. The company employs 11,000 people.

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On May 10, Enbridge reported strong first quarter results. The company posted adjusted earnings of $2 billion ($0.92 per share), an increase of 8% per share compared with $1.7 billion ($0.85 per share) in the same period of 2023. Adjusted EBITDA was $5 billion, up 11% from $4.5 billion last year. Distributable cash flow increased 9% to $3.5 billion. - Gordon Pape


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ENB was first recommended here on August 23, 1999