Enbridge continues to find more ways to expand.
Enbridge is a dividend aristocrat with a strong history of dividends that it has continued to grow. The company is continuing to invest massively in its business, which it can afford, and taking utility opportunities. The company's strong portfolio of tough-to-replicate assets and low margins make it a valuable investment.
Split share corporations create two classes of securities: Preferred shares with fixed cash distributions and equity shares with potential for capital appreciation. A large part of E Split Corp.'s attractive distribution is simply a return of investors' own capital. ENS' excessive distributions also destroy long-term value as it depletes the fund during inopportune times.
Enbridge reported a very robust set of Q3 results, confirming the preferred dividends enjoy an excellent coverage ratio. The Series 5 preferred shares offer a 6.96% preferred dividend yield in USD. I'm planning to write put options on the common shares and further expand my position in preferred securities.
Enbridge's growth projects will help support a growing common dividend. Projects include Mainline expansion, new offshore gas pipelines, and gas and renewable power distribution supporting data center growth. Series 1 and 5 preferred shares remain good alternatives for more conservative investors.
Greg Ebel, Enbridge CEO, joins CNBC's 'Money Movers' to discuss the company's most recent earnings, outlooks on power demand, and more.
Enbridge Inc. (NYSE:ENB ) Q3 2024 Earnings Call Transcript November 1, 2024 9:00 AM ET Company Participants Rebecca Morley - Vice President, Investor Relations Greg Ebel - President, CEO & Director Pat Murray - Executive VP & CFO Colin Gruending - Executive VP & President of Liquids Pipelines Cynthia Hansen - Executive VP and President of Gas Transmission & Midstream Michele Harradence - Head, Gas Distribution and Storage Matthew Akman - Executive VP of Corporate Strategy & President of Power Conference Call Participants Jeremy Tonet - JPMorgan Robert Catellier - CIBC Capital Markets Ben Pham - BMO Maurice Choy - RBC Capital Markets Manav Gupta - UBS Rob Hope - Scotiabank Theresa Chen - Barclays Praneeth Satish - Wells Fargo Rebecca Morley Good morning and welcome to the Enbridge Third Quarter 2024 Financial Results Conference Call. My name is Rebecca Morley and I'm the Vice President of Investor Relations.
Enbridge (ENB) came out with quarterly earnings of $0.40 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.46 per share a year ago.
Pipeline operator Enbridge missed market estimates for third-quarter profit on Friday, hurt by lower renewable power generation earnings.
Enbridge is a high-yielding midstream giant, but there's an important twist in the company's objective, and it's reflected in its portfolio.
Enbridge (ENB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
We had recently highlighted Pembina preferred shares as a good bet on higher rates. These appreciated quickly and gave us our expected performance in 3 weeks versus 3 months. We go over our next bet, this time from Enbridge.