Here is how Enbridge (ENB) and Delek Logistics Partners, L.P. (DKL) have performed compared to their sector so far this year.
Enbridge preferred shares demonstrated strong performance over the past 11 months, driven by interest rate cuts. I expect further principal appreciation for fixed dividend preferreds as more rate cuts from the Bank of Canada and the Federal Reserve are likely before year-end. Top picks include Series 1 (ENB.PR.V:CA) (EBBGF) and five other preferreds, offering the highest yields and best growth potential in the current environment.
Enbridge's Q2 2025 earnings beat analyst expectations, driving a strong stock price rally, but headline numbers overstate underlying performance. Distributable cash flow growth was weak, failing to outpace inflation, with much of reported earnings growth driven by non-cash, unrealized derivative gains. Growth was largely supported by recent natural gas utility acquisitions; future expansion is heavily dependent on rising North American natural gas demand.
![]() ENB In 1 day Announced | Quarterly | $0.69 Per Share |
![]() ENB 2 months ago Paid | Quarterly | $0.68 Per Share |
![]() ENB 6 months ago Paid | Quarterly | $0.67 Per Share |
![]() ENB 8 months ago Paid | Quarterly | $0.65 Per Share |
![]() ENB 11 months ago Paid | Quarterly | $0.67 Per Share |
7 Nov 2025 (In 2 months) Date | | 0.42 Cons. EPS | - EPS |
31 Oct 2025 (In 2 months) Date | | 0.55 Cons. EPS | - EPS |
30 Oct 2025 (In 2 months) Date | | - Cons. EPS | - EPS |
1 Aug 2025 Date | | 0.41 Cons. EPS | - EPS |
1 Aug 2025 Date | | 0.58 Cons. EPS | 0.65 EPS |
![]() ENB In 1 day Announced | Quarterly | $0.69 Per Share |
![]() ENB 2 months ago Paid | Quarterly | $0.68 Per Share |
![]() ENB 6 months ago Paid | Quarterly | $0.67 Per Share |
![]() ENB 8 months ago Paid | Quarterly | $0.65 Per Share |
![]() ENB 11 months ago Paid | Quarterly | $0.67 Per Share |
7 Nov 2025 (In 2 months) Date | | 0.42 Cons. EPS | - EPS |
31 Oct 2025 (In 2 months) Date | | 0.55 Cons. EPS | - EPS |
30 Oct 2025 (In 2 months) Date | | - Cons. EPS | - EPS |
1 Aug 2025 Date | | 0.41 Cons. EPS | - EPS |
1 Aug 2025 Date | | 0.58 Cons. EPS | 0.65 EPS |
Oil & Gas Midstream Industry | Energy Sector | Gregory Lorne Ebel CEO | TSX Exchange | CA29250N1050 ISIN |
CA Country | 14,500 Employees | 15 Aug 2025 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.