TC Energy benefited from positive results in 2Q25, beating estimates, with EBITDA guidance being modestly raised, and the current capex remaining static. Enbridge has vast scale across oil, gas, utilities and renewables. Enbridge's strategy is to focus on a steady dividend, coupled with modest growth. Earlier in the year, ONEOK missed 7-8% on EBITDA, which hurt performance for the company.
Enbridge (ENB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Enbridge moves almost a third of North America's crude and is plugged into every major LNG corridor, so the company sits in the middle of major energy bottlenecks. With fully utilized assets, growing EBITDA, and a Dividend Aristocrat status, ENB looks like an infrastructure play that is set to benefit from strong secular tailwinds. In this article, I explain what makes Enbridge so attractive and end up discussing its valuation, suggesting why it can currently be considered a buy.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Gregory Lorne Ebel CEO | TSX Exchange | CA29250N1050 ISIN |
| CA Country | 14,500 Employees | 17 Feb 2026 Last Dividend | 1 Jun 2011 Last Split | - IPO Date |
Enbridge Inc., together with its subsidiaries, stands as an essential pillar in the energy infrastructure sector. Operating through five distinct segments - Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services - the company showcases a comprehensive approach to meeting diverse energy needs. Initially known as IPL Energy Inc., the organization embraced its current identity, Enbridge Inc., in October 1998, reflecting its broadened scope and capabilities. Since its establishment in 1949, Enbridge has cemented its position, with its headquarters in Calgary, Canada, orchestrating a network of pipelines, energy generation, and service offerings across North America.
This segment encompasses the operation of pipelines and related terminals designed for the transportation of various grades of crude oil and other liquid hydrocarbons. Its networks, spanning Canada and the United States, are pivotal in ensuring the steady flow of essential energy sources between significant producing regions and marketplaces.
Enbridge's investments in this area cover natural gas pipelines, along with gathering and processing facilities. These assets are strategically located across Canada and the United States, facilitating the efficient transportation and processing of natural gas, a critical component in North America's energy mix.
This segment's operations are focused on natural gas utility services, catering to residential, commercial, and industrial customers primarily in Ontario. The segment also engages in natural gas distribution activities in Quebec, ensuring reliable and safe energy supply to a wide customer base.
Reflecting Enbridge's commitment to sustainable energy, this segment operates a variety of power generating assets, including wind, solar, geothermal, and waste heat recovery facilities, alongside transmission assets. These operations are spread across North America, contributing to the region's renewable energy capacity and reducing environmental footprints.
Through this segment, Enbridge offers physical commodity marketing and logistical services. The company caters to a diverse clientele, including refiners, producers, and other customers in Canada and the United States, demonstrating its role in facilitating the energy industry’s operational needs.